EURUSD: Bullish consolidation? (Part II)
In the short term we can say that the 
EURUSD pair is bullish above 1.0930 (bullish scenario invalidation) on intraday chart. That said, from a technical perspective, we have already reached our previous Target around 1.1040 (see chart/idea below), and from this area a corrective structure should be logical with a potential ABC Pattern. If this idea is correct, the price should return below wave 4 (1.0994) before triggering a new rally. If we look at the 1H chart we see that the Price Action moves within a bullish channel, so the support area could be around 1,098/1,072. In conclusion, if the trend remains bullish, we expect a new consolidation at least around 1.1090 area in the short term.
1.1000-1.1040 TARGET
(Click on Chart for details)
C.O.T. Analysis
(Click on Chart for details)
What's you opinion? ...are you bullish or bearish on this pair?
Trade with care.
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EURUSD pair is bullish above 1.0930 (bullish scenario invalidation) on intraday chart. That said, from a technical perspective, we have already reached our previous Target around 1.1040 (see chart/idea below), and from this area a corrective structure should be logical with a potential ABC Pattern. If this idea is correct, the price should return below wave 4 (1.0994) before triggering a new rally. If we look at the 1H chart we see that the Price Action moves within a bullish channel, so the support area could be around 1,098/1,072. In conclusion, if the trend remains bullish, we expect a new consolidation at least around 1.1090 area in the short term.1.1000-1.1040 TARGET
(Click on Chart for details)
C.O.T. Analysis
(Click on Chart for details)
What's you opinion? ...are you bullish or bearish on this pair?
Trade with care.
Like | Share | Comment
הערה
הערה
🔴 Trend is still bullishעסקה סגורה: היעד הושג
✅ Target 1 hit!הערה
🔴 Trend is still bullish.הערה
עסקה סגורה: היעד הושג
✅ Target 2 hit!
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.