We are doing EURUSD Analysis in Daily Time frame
as you can see right now market is Holding Down channel line Support area. if we take entry from here then our risk to reward was perfect that is 1:3
If our target hitted then we will be in 120 pips profit
Target : 1.13584
Stop area : 1.11660
Note: This is only for Educational Purpose this is not an...
We can expect bounce on EURUSD, because prices look like they are on Support.Wait for it to go below support area and bounce back up. Unless bounce happens as expected buying opportunity can be considered as weak.
Last Week EURUSD was very volatile. Price has recovered from 1.13000 level. and Showing strength for Upside.This Week price can move upside for 1.15000 and 1.17000 levels as well.My Views are bullish for this week on EURUSD. * Always Move stoploss to cost if price moves more than 50 pips.*
EURUSD on FOREXCOM exchange has taken support on ichimoku Kumo cloud and is on verge of breaking out. Buy above 1.241 with SL 1.22 and Target 1 at 1.27 and Target 2 at 1.31
the bulls are coming in control again this week as dollar is under pressure,
situation clearly prefers upside
with targets 1.1090
1.1138
1.1197
alternate scenario
if price breaks below1.0929
supports are as follows
1.0860
1.0810
last week sell has hit the first target
CHEERS
HAPPY TRADING
Trade EURUSD using Multiple Moving Averages
Blue line is the trigger line.
Green is the short term trendline.
Red is the longer term trendline.
Long on trigger crossover.
Short on trigger crossunder.
Kindly share your ideas about this with me...
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