Good day traders, believe you are doing well. Set to trade again? Excellent, let me share analysis on EURUSD for you.

EURUSD is trading at 1.0731, up +0.29% on the day, having posted a daily high at 1.0754 and low at 1.0693. It decorated higher at 1.0754 for the day, establishing afterward around the 1.0730 level, where it spent the rest of the day. The American dollar edged lower against the greater part of its majors equals this Tuesday, still weighed by remarks from US President Donald Trump inaugural discourse last Friday. The negative energy of the American cash facilitated mid-European morning, as a dull macroeconomic timetable left intraday examiners confused.
Technical Analysis:
EURUSD is advancing its bullish impulse to trade at 1.07507 beneath a powerful resistance level of 1.0775, a longer term double top level, and the pair is expected to hold beneath this level. Beyond this, as suggested in the earlier report, the pair developed an ascending triangle pattern that is formed in H4, symbolizing that the EURUSD may test 1.0710, but the pair headed to violate the ascending triangle. The RSI value has changed to 59 from 49 in H4. Furthermore, the pair has a resistance nearby 1.0740 and 1.0780, while the intra-day support prevails at 1.06870 and 1.06200.
EUR
German Ifo Business Climate
German 30-y Bond Auction
Belgian NBB Business Climate
HPI m/m
USD
Crude Oil Inventories
Trading Range:
1.0850 – 1.0500
Support & Resistance Levels
R3: 1.0799
R2: 1.0752
R1: 1.0723
Pivot Point: 1.0676
S1: 1.0629
S2: 1.06
S3: 1.0553
Recommendation
Sell Below: 1.0748
Take Profit: 1st @ 1.0692
Stop Loss @ 1.076

EURUSD- Chart

2 thoughts on “Is EURUSD Still Bullish ?”

  1. David Jones says:

    Good short trade reco.
    Looking to go long at 1.0665

  2. David Jones says:

    Eurcad long from 1.41 handle looks good too. Long term target 1.47

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