Mihai_Iacob

EurUsd- Correction over?

Giá lên
FX:EURUSD   Euro / Đô la Mỹ
As I said in my previous analyzes, I'm extremely bearish USD, and I expect, in the case of EurUsd, 1.25 to be reached by new year.
On Monday's analysis I argued that a slight correction could be on the cards for the single currency and that we can expect a dive to 1.2050 support and, although we had a correction, USD is so weak that not even this first support zone wasn't touched. Instead, EurUsd is more in a consolidation type move drawing a symmetrical triangle on our chart.
At this point, the price would be well sustained above 1.2050 and a daily close above 1.2150 would signal that the correction is over and the uptrend is ready to resume.
Buy dips around 1.21 with an SL under 1.2 could be a good trade with an R: R of at least 1:3 if we target 1.25 zone.

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.