EUR/USD-Daily analysis
Hello everyone!
-On this pair we can see that EUR gained strong bullish momentum,the price broke trough strong daily support line(blue one) and also price broke trough neck line
(yellow line) of head and shoulders pattern.On 1 hour time frame we can see that we had one retest and price kept moving strong bullish.
-On daily base EUR is stronger than USD and on weakly base EUR is still stronger than USD so the price is supposed to move in bullish direction.
-We can wait for retest on a neck line(yellow line) of a head and shoulders pattern to see when to buy if we decide to go long.
-I recommend to wait until Monday and fundamental news about this pair to get conformation what to do in future...
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give my support,i will appreciate all support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
-On this pair we can see that EUR gained strong bullish momentum,the price broke trough strong daily support line(blue one) and also price broke trough neck line
(yellow line) of head and shoulders pattern.On 1 hour time frame we can see that we had one retest and price kept moving strong bullish.
-On daily base EUR is stronger than USD and on weakly base EUR is still stronger than USD so the price is supposed to move in bullish direction.
-We can wait for retest on a neck line(yellow line) of a head and shoulders pattern to see when to buy if we decide to go long.
-I recommend to wait until Monday and fundamental news about this pair to get conformation what to do in future...
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give my support,i will appreciate all support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
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