EURUSD hit today its 1D MA50 (blue trend-line) and so far it held. Even though the previous rejection on the 1.1910 Resistance was a bearish sign, as long as 1D candles close above the 1D MA50, there seems to be a stronger case for a bullish reversal within the long-term Channel, similar to the April-May rebound.
If you are trading it on the short-term, you may use 1.19100 as break-out confirmation and aim for the next natural Resistance, the 1D MA200 (orange trend-line), which happens to sit currently on the long-term Pivot Zone. Long-term traders may target the 0.786 Fibonacci level.
On the other hand, if the ECB tomorrow delivers a bearish blow to EUR and closes below the 1D MA50, the 1.16600 Support (1) will be the natural extension for short-term traders.
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If you are trading it on the short-term, you may use 1.19100 as break-out confirmation and aim for the next natural Resistance, the 1D MA200 (orange trend-line), which happens to sit currently on the long-term Pivot Zone. Long-term traders may target the 0.786 Fibonacci level.
On the other hand, if the ECB tomorrow delivers a bearish blow to EUR and closes below the 1D MA50, the 1.16600 Support (1) will be the natural extension for short-term traders.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> GJMRealEstate
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.