An update on the analysis done earlier with EURUSD.

Daily chart

daily chart with support as my target

M30 chart

Price broke reversal pattern support and tested back as resistance. Not a textbook book test, but it tested resistance and we are currently short. Because we dont have a trend on this pair my target is previous support on daily chart. Because market might gap to whatever direction Monday Im not yet looking to place my stop at break even. As a seller Im looking for price to go all the way to support.

2 thoughts on “EURUSD update”

  1. Maryna says:

    Just love the clear and open chart without a bunch of indicators and look how easy it is to find support/resistance with clean charts! Nicely done!

    1. Teboho Faro says:

      Thanks Maryna I appreciate it

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