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EURUSD Daily Setup - Fibo and Cloud Breaking buy confirmation

Technical Analysis:

Right now, Current Market Price of EURUSD is 1.0528. We can see that in Daily Time Frame, EURUSD already made double bottom and now making some correction as well.
  • The immediate resistance level is going to start from 1.0628

  • The Second resistance level is 1.0775

  • The immediate support level is 1.0467


Considering Fibo, we can see the price of EURUSD is fighting with 0.38 level right now. A strong break out of EURUSD may lead EURUSD towards 0.61 level which is the strongest resistance level and a perfect price for a sniper entry.

Considering the cloud breaking strategy, we can also see that during this level, there was a cloud breakout in previous times. We know in Forex, History repeats! Therefore , 1.0628 is one of the best price to enter to the market with a goal to achieve 1.07758.

Our Trade:
Buy Stop 1.06269
SL# 1.0467
TP# 1.0528

כתב ויתור

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