Hello altogether,
After making some $ on the last trade of EURUSD, I think we are ready for the next move.
Check the chart above: either we will make a move back down into the vertical resistance and bounce up or we will immediately break the vertical resistance.
Both moves are possible.
I am neglecting the downside move, since I do not anticipate this happening right now:
1. After Jackson hole the USD got under pressure and was not able to recover yet.
2. Yesterday's ADP data was very weak. I do not expect any strength for upcoming market events.
As usual: watch those areas, in case of confirmation: get the ball rolling :)
After making some $ on the last trade of EURUSD, I think we are ready for the next move.
Check the chart above: either we will make a move back down into the vertical resistance and bounce up or we will immediately break the vertical resistance.
Both moves are possible.
I am neglecting the downside move, since I do not anticipate this happening right now:
1. After Jackson hole the USD got under pressure and was not able to recover yet.
2. Yesterday's ADP data was very weak. I do not expect any strength for upcoming market events.
As usual: watch those areas, in case of confirmation: get the ball rolling :)
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.