EURUSD Technical analysis
EURUSD D1

EURUSD started the month at MM2 and has now reached its monthly target (MM4) headed down. price is also at a major resistence level with stochastics exiting overbought. my plan is to catch the downwards move on a lower chart.
EURUSD H4

price is at the WPP level at the bottom of an upwards channel with stochastics oversold, bulls will look to enter here but since my bias is a bear on this pair i'll wait for it to enter my fib area and look to sell. Bears could also look to be short term long and long term short.
EURUSD H1

we are nearing the daily profit zone and here bulls will look for a reversal pattern and buy on the pull back
About The Post
About The Forex Analyst
Graduate in Bcom Human Resources Management. I am a full time Currency Trader and Market Analyst using technical and fundamental analysis, I have been trading in the Forex market since 2016. I am also a part time student at the University of Johannesburg studying Finance and Investment Management. I am always looking to learn and improve my skills as a professional, consistent and successful Trader & Investor for above average returns and a better understanding of the financial industry and financial markets.
- 2
- 521
- 2
More from this author
View all posts2 thoughts on “EURUSD Technical analysis”
Leave a Reply Cancel reply
You must be logged in to post a comment.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
I love how youre a bear but realise there are still possibilities to the downside
Hi Giveness, from a pure price action point of view the bears can sell while market stays below 1.0825. Next target will be at 1.7212 area with a break below taking it to 1.0635. A move above 1.0825 will negate bearishness for now.