EURUSD TA for the week of 28 Aug (trading the bullflag)
Mario draghi's speech regarding the eurozone's economic recovery has brought a huge spike above to a fresh 1 year high of 1.1941, well above the major resistance of 1.191.
RSI indicates bullish bias , and severely overbought on the 4h chart.
bullish trend continuation and completed bullflag on the daily with a breakout retest done on the 15 mins chart.
potential retracement back down to demand zone 1.1784 - 1.185 for further upside.
potential targets on the upside at 1.2041 - 1.228 (major previous supports from the past)
alternatively, a trade back down below 78.6% at 1.1784 would expose for potential targets of 1.1685 or even 1.1662.
buying dips would be a good strategy to apply to trading this market, however the swaps would be a pain in the ass in the long run due to ECB's low interest rate issue.
RSI indicates bullish bias , and severely overbought on the 4h chart.
bullish trend continuation and completed bullflag on the daily with a breakout retest done on the 15 mins chart.
potential retracement back down to demand zone 1.1784 - 1.185 for further upside.
potential targets on the upside at 1.2041 - 1.228 (major previous supports from the past)
alternatively, a trade back down below 78.6% at 1.1784 would expose for potential targets of 1.1685 or even 1.1662.
buying dips would be a good strategy to apply to trading this market, however the swaps would be a pain in the ass in the long run due to ECB's low interest rate issue.
Not
pardon me guys , the correct time frame for this chart should be 4h but i set it to daily accidentely.
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.