OK so it broke again the the new resistance before the US session will open @1.1394
New Resistance according to our super dooper Babypips Calculator
R3 =1.1459
R2 =1.1437
R1 =1.1394 <— need to knock this resistance
Daily Breakout =1.1424
My set up
Long @ 1.1407
stop loss @200pips <=— my experiment, lol
limit gain @ 1.1435 if the market is strong or 1.1423 if the market is slow
Base on Ichimoku indicator, EURUSD is clearly bullish at the moment.
Support in my opinion would be Friday Pivot R2 level : 1.14123
I’m expecting EURUSD to at least breach 1.15000 price level this coming Monday.
If Friday R2 is not supported, i would go short and target R1 at 1.13847 to minimze my losses for this trade.
Cool, that’s what i’m hoping, bullish, theres still alot of space going up, i would rather not trade with charts next week, as it really addictive. I would go set a price alert on my phone, cause it affects my emotions. Anyways, see you next week, have a good weekend
On the last Friday’s session the EURUSD rallied with a wide range and close near the high of the day, in addition closed above the previous day high, suggesting a strong bullish momentum.
The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.
The key levels to watch are: A daily resistance at 1.1556, other daily resistance at 1.1459, the previous swing high at 1.1398 (support), the 10-day moving average at 1.1307 (support) and the 50-day moving average at 1.1249 (Support).
EUR/USD reached 1.1530 today, which coincides with (MA)89 on the weekly time frame. That is a pretty strong level of resistance and the pair will likely bounce off of it and retrace back to 1.1450.