EUR/USD broke through important resistance level at 1.17100 last Friday following increased unemployment in US. I don't think this is a fundamental move but rather a technical one, so this is simply a retracement of this pairs bearish run in april. Target should be the 36,2% Fib initially, and then see what momentum remains.
Entry: Await pullback to 1.71 where bullish trendline and support conincides. RSI is currently a bit on the overbought side as well as Stoch. Momentum is not high enough to push higher right now (IMO!).
Exit: A safe exit would be at previous resistance around 1.18300, a bit below the 36,2% fib. Still a 100 pip move. Fairly high probability (though this pair is awful atm).
Entry: Await pullback to 1.71 where bullish trendline and support conincides. RSI is currently a bit on the overbought side as well as Stoch. Momentum is not high enough to push higher right now (IMO!).
Exit: A safe exit would be at previous resistance around 1.18300, a bit below the 36,2% fib. Still a 100 pip move. Fairly high probability (though this pair is awful atm).
Not
Just awful pair... Not touching these two until they settle down.
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.
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.