Last week the cash rate caused the USD to lose some of it’s value and I think we have also all the technical reasons to see the EURUSD continue higher. I’m following the up trend line seen on the Daily chart. I think every drop near it will be a buy opportunity while the price is trading above 1.07. Here is the plan:
Technical Overview:
W1 – 20 candles ride on the Bollinger Bands, continuing divergence
D1 – potential Up wave duplication
Entry:
H1 – Look for double wave drop down near the up trend line preferably with hidden bullish divergence to be formed.
Video Explanation
Yours,
Vladimir
Hi Traders! NZDJPY short term forecast follow up and update is here. On February 27th…
Hi Traders! EURNZD technical analysis and short term forecast post is here. We do our…
Hi Traders! GBPCAD short term forecast update and follow up is here. On February 7th,…
Hi Traders! Litecoin technical analysis and short term forecast post is here. We do our…
Wall Street's main indexes crept higher in volatile trading on Monday as shares of Tesla…
Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of April…