Euro / DollaroAggiornato EURUSD Trade Idea
In yesterday's analysis, I expected EU to violate the bullish engulfing pattern with further downwards pressure towards 1.2010 key support zone, which was exactly what the market performed. In today's trading session, I will be favoring short-term selling opportunities. There are two setups that I am looking at
1. Continuation towards the downside testing yesterday's low at 1.2010 support zone. If EU shows further weakness, that could expose 1.1926 the following support zone. (Bearish)
2. Be aware that if market today have a second rejection at 1.2010 support zone, that could be a potential double bottom setup reversing upwards as it is a key support zone. Or if we see bullish pressure pushing above the 1.2060 resistance zone, that could signal strength in EU. (Bullish)
However, do not forget the overall trend on the higher timeframe remains bullish, I'm only trying to capitalize on the current short-term bearish sentiment in the market.
Trade safe.
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1. Continuation towards the downside testing yesterday's low at 1.2010 support zone. If EU shows further weakness, that could expose 1.1926 the following support zone. (Bearish)
2. Be aware that if market today have a second rejection at 1.2010 support zone, that could be a potential double bottom setup reversing upwards as it is a key support zone. Or if we see bullish pressure pushing above the 1.2060 resistance zone, that could signal strength in EU. (Bullish)
However, do not forget the overall trend on the higher timeframe remains bullish, I'm only trying to capitalize on the current short-term bearish sentiment in the market.
Trade safe.
Do follow my profile for daily fx forecast & educational content
Nota
Previous analysis
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.