EURUSD Market Commentary - 6-1-2020
Hello everyone! This post is covering the EURUSD with the Professor Setup and Pure Price Action Technical Analysis. I hope you all were able to get in the market commentary that I sent out yesterday! Most already reached their Take Profit levels and we are waiting on the last few assets to complete their setups for entry, EURUSD being one of them.
Please refer to the video in the post for the full market commentary video I sent out yesterday below
EURUSD H4 Timeframe
The EURUSD is in an overall long trend
We are currently experiencing some resistance and possible correction to the downside before we see a continuation
If the 1.106649 level doesn't hold (candle body not wick) then we may see a trend reversal or deeper correction. See the video for full analysis
New Defined Range:
1.106649 - 1.114618
Breakout Trading:
Long Target Range: 1.117542 - 1.124134
Short Target Range: 1.104194 - 1.100243
Please refer to the video in the post for the full market commentary video I sent out yesterday below
EURUSD H4 Timeframe
The EURUSD is in an overall long trend
We are currently experiencing some resistance and possible correction to the downside before we see a continuation
If the 1.106649 level doesn't hold (candle body not wick) then we may see a trend reversal or deeper correction. See the video for full analysis
New Defined Range:
1.106649 - 1.114618
Breakout Trading:
Long Target Range: 1.117542 - 1.124134
Short Target Range: 1.104194 - 1.100243
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