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EurUsd: Road to 1.14000?


Monthly Timeframe:


Weekly Timeframe:


Daily Timeframe:


 

Monthly: We see we are breaking levels with strong bullish momentum and break and close above our 1.11500 key psychological zone. Price managed to come and tap this level and bounce right off. Bulls are looking a lot more confident with the size of the engulfing candles.


Weekly: Strong break and close above our monthly zone and now we are testing past resistance/support as new found support. If price stays above we have our next targets marked. Target 1 1.12700 key zone and target 2 1.11400 key zone.


Daily: Price is rejecting off our monthly zone with a strong pinbar rejection. If price manages to close off this morning star reversal formation and manages to stay above this monthly area, then we can see our targets fulfilled.


(risk management is key)


 

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