Well hello folks, Amirali here with an analysis on the Daily chart of EURUSD.
As you can see, it closed on 1.1763 last week and opened on 1.1740 today, but after the open it reached 1.1772, completely closing the gap, currently being traded at 1.1766, which is between the April 20th NWOG High and March 2nd NWOG Low.
I expect EURUSD to retest the March 2nd NWOG, going for the NWOG C.E. at 1.1792, and if it goes through it, next target will be at 1.1814 and then the NWOG High at 1.1817. After that I expect it to eventually go higher to retest the Jan 26th NWOG at 1.1827.
Targets: 1.1780, 1.1790, 1.1800 and 1.1810.
However, if EURUSD fails at retesting the March 2nd NWOG and stay below the NWOG C.E. at 1.1792, dropping back into the April 20th NWOG is expected.
As you can see, it closed on 1.1763 last week and opened on 1.1740 today, but after the open it reached 1.1772, completely closing the gap, currently being traded at 1.1766, which is between the April 20th NWOG High and March 2nd NWOG Low.
I expect EURUSD to retest the March 2nd NWOG, going for the NWOG C.E. at 1.1792, and if it goes through it, next target will be at 1.1814 and then the NWOG High at 1.1817. After that I expect it to eventually go higher to retest the Jan 26th NWOG at 1.1827.
Targets: 1.1780, 1.1790, 1.1800 and 1.1810.
However, if EURUSD fails at retesting the March 2nd NWOG and stay below the NWOG C.E. at 1.1792, dropping back into the April 20th NWOG is expected.
Trade fechado manualmente
As you can see, after EURUSD reached 1.1791, it started to drop, which was outlined in the analysis yesterday that if EURUSD fails to go through and stay above the 1.1792 level, which was the NWOG C.E., it will drop back into the April 20th NWOG. If EURUSD stays above the NWOG C.E. at 1.1751, it can go back up to retest the NWOG High at the 1.1763 and if it manages to break above it, a move towards 1.18 could happen.
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Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.