EURUSD 16 JUl 2020 The old song of lowing bulls?
Yesterday bulls break out even from the pants of rising trend channel and try to scary us that DXY is doomed.
Today already everything more calm and we have our old resistance at 1.1422 in place followed by 1.1367.
Main support 1.1364-1.1347 and minor at 1.1390 level. Still this verbal theme with EU Fund could bring unpredictable moves, but as it was before they always listen to the bright side and ignore dark one.
Bullish mode still atm. Seems buy dips and sell tops :))) Investment strategy mixed imho. Cheers! Pls apply your own trading and mm rules in any case.
Today already everything more calm and we have our old resistance at 1.1422 in place followed by 1.1367.
Main support 1.1364-1.1347 and minor at 1.1390 level. Still this verbal theme with EU Fund could bring unpredictable moves, but as it was before they always listen to the bright side and ignore dark one.
Bullish mode still atm. Seems buy dips and sell tops :))) Investment strategy mixed imho. Cheers! Pls apply your own trading and mm rules in any case.
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Resistance at 1.1422 in place followed by 1.1467 for sure, sry fat fingers as usually.
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touched 1.1377 and back above 1.1387 risk for an upside till 1.1114 & 1.1426
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A lot of options to trade... a lot.
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Seems 1.1417-19 is the watershed
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I do not see commitment from bulls side. We can fall to correction.
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On close basis form 1h tf we should watch 1.1407
Close below this level imho will start correction in eurusd pair.
Cheers!
Close below this level imho will start correction in eurusd pair.
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Longs above 1.1390 and 1.1360-1.1347 with tgt 1.1422/1.1467/1.1497/1.1587