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...
AS PER BULLISH CYPHER EURUSD MOVED AT AN OVERSOLD CONDITION THATS MEANS BUYER IN THE MARKET AND SELLER OUT OF THE MARKET.
OTHER REASON MAY BE RISING IN PAIR BECAUSE OF NEGATIVE DATA OF CAPATIAL UTILIZATION AND INDUSTRIAL PRODUCTION.
CURRENT PRICE IS ENTRY POINT
TARGET -1.0630
1.0740
1.0870
