EURUSD Forex Trade Analysis by WAVE FX Academy (UPDATE)
Hi Traders, here is my analysis for EURUSD
We should start to see some strength coming in the dollar as the market starts to rally from its 6week sell off.
The market however is still showing signs of maintaining its uptrend from a 4Hr perspective as price as continuously respect its trend support and retesting the weekly highs.
This is due to the Euro still heavily bid. I will be expecting a slight moving back to the upside based on the market structure, however, I will be looking for signs from price action to take advantage of any selling opportunities.
I've labeled the areas based on what I will be anticipating.
Like and Comment your thoughts . All feedbacks are welcomed.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.
We should start to see some strength coming in the dollar as the market starts to rally from its 6week sell off.
The market however is still showing signs of maintaining its uptrend from a 4Hr perspective as price as continuously respect its trend support and retesting the weekly highs.
This is due to the Euro still heavily bid. I will be expecting a slight moving back to the upside based on the market structure, however, I will be looking for signs from price action to take advantage of any selling opportunities.
I've labeled the areas based on what I will be anticipating.
Like and Comment your thoughts . All feedbacks are welcomed.
An entry will be taken only if all rules of my strategy are satisfied.
Add this pair to your watchlist and see if the rules of your strategy provides an entry.