EURUSD Technical analysis
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.
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.
we are nearing the daily profit zone and here bulls will look for a reversal pattern and buy on the pull back
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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.