honeill posted: EURUSD initially fell during yesterday session, but found support at roughly the same place it did during the Wednesday session and it means that EURUSD is ready to bounce. The pair will more than likely head to the 1.3450 level, and possibly even as high as the 1.3500. Expect significant selling pressure up in that region though, so this is a short-term buying opportunity at best.
I agree . This this the best short term buy opportunity . The pair may go up to 1.35 from here . Good luck .
EURUSD on the 4h charts is in a Bullish momentum. It is increasing and we can see a bullish pullback as likely in the short-term. A break above 1.3450 would add to the short-term bullish case and open up a re-challenge of 1.3500. Long-term trend remains bearish however and we reckon 1.3570 would hold in the coming week.
takechance posted: 1.3414 is the nearest up target. Followed by 1.3430 and 1.3470.
Good buying opportunity showing on my chart is 1.3340 - 1.3350 zone.
Happt trading :)
As expected EUR got some weak support arounf 3340-3350 area. Now I will be looking for the nearest upside target of 1.3420. Untill and unless the pair settles above 1.3465 the risk of another down wave remains. So fresh longs should be initiated above that zone but the existing long positions can be slowly unwinded around 1.3420.
Perfect.....1.3420 reached and all positions liquidated.
The market is undecided now about its next move. Most likely a short trade is due as per my chart but its not developed yet.
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