Is the US Retail sales data ( Forecasted to be good ) or further Iran escalation enough to send EurUsd up and outside of the months' long range going back to last July? In my anlaysis, I don't think the Eur will have enough juice to send us out of the range this next week. At most for the bulls, I can see price continuing to range up here from 1.1755 and 1.1815. Otherwise, I have a bearish bias for this next week, with a retest near the Daily Level at 1.18
and a continued range on the Higher timeframes. A move back down to 1.168 I think is very possibleas a bearish target for this next week. I am not super bullish on Eurusd as i can see price maybe retesting 1.183 1hr resistance zone, as we have clean traffic on the 1hr timeframe to mirror and go back up there. How price behaves around 1.1755 this week will be very telling for eventual move on the week. Good risk reward opportunities from 1.18 Daily resistance level. The 2 bearish daily candles when we reached the high of the range on eurusd here are signaling pullback to 1.17. We also have the weekly candle that has an identical top wick range that is about equal to the body of the candle, bearish biased.
For Educational and Entertainment Purposes Only.
and a continued range on the Higher timeframes. A move back down to 1.168 I think is very possibleas a bearish target for this next week. I am not super bullish on Eurusd as i can see price maybe retesting 1.183 1hr resistance zone, as we have clean traffic on the 1hr timeframe to mirror and go back up there. How price behaves around 1.1755 this week will be very telling for eventual move on the week. Good risk reward opportunities from 1.18 Daily resistance level. The 2 bearish daily candles when we reached the high of the range on eurusd here are signaling pullback to 1.17. We also have the weekly candle that has an identical top wick range that is about equal to the body of the candle, bearish biased.
For Educational and Entertainment Purposes Only.
交易進行
We have officially reached our bearish target on the week 1.168. Now that we have reached our bearish target, i am anticpating friday to show some support and price to bounce from the daily level 1.165-1.167. with that said, i am doen trading for the week. Not financial advice, For Educational and Entertainment purposes only.
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