The EURUSD pair followed the exact path that we pointed out on our last analysis (see chart below) as it gave a buy opportunity after a pull-back on the 1D MA50 and rebounded aggressively following yesterday's lower than expected U.S. CPI:
A new pattern has emerged since, a Bullish Megaphone, with the price hitting yesterday's its top (Higher Highs trend-line). We expect a technical pull-back and rebound either on the 0.382 Fibonacci retracement level or upon a -1.38% decline. Pay attention also on the 4H RSI Higher Lows Zone for a potential bottom. Our target is slightly lower now at 1.09750, which represents a +2.20% rise from the bottom, similar to the other two within the Bullish Megaphone.
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A new pattern has emerged since, a Bullish Megaphone, with the price hitting yesterday's its top (Higher Highs trend-line). We expect a technical pull-back and rebound either on the 0.382 Fibonacci retracement level or upon a -1.38% decline. Pay attention also on the 4H RSI Higher Lows Zone for a potential bottom. Our target is slightly lower now at 1.09750, which represents a +2.20% rise from the bottom, similar to the other two within the Bullish Megaphone.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。