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EURUSD: Next Up 1.14500!

Updated: Jun 10, 2020

Daily Time Frame: Higher time frames are looking bullish but looking at the daily we can see price is creating a double top with a daily rejection candle. If price stays below 1.11500 key psychological resistance, then we can anticipate short term pullbacks to 1.1000 for long term buys.


4Hr Time Frame: Scaling down we can see price is rejecting in confluence with an evening star reversal formation. If price manages to hold below 1.11500, then look to sell this down to 1.1000. However, if price breaks and closes above this resistance anticipate longs to 1.45000. Due to the uncertainty of market fluidity, risk management is highly recommended.


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