Sunday, 10 February 2019

Euro Dollar(EurUsd) Long Term Sells Ahead

The EurUsd has experienced a couple losses getting into the weeks of January as the pair has failed to push above the 1.14600 psychological resistance area which has made it impossible for price to push back above 1.15000 zone. based on the Bigger Time frames the Euro is bearish in which we are also looking to open most of our trades in conjunction with the order flow of the market.



EurUsd

The Euro Dollar has closed the week on a very bearish note last Friday as seen on the daily chart below which is not far from the 1.13050 minor support area which will push the market towards our sell entry zone as indicated by the arrow pointing low. the market is trading in a boxed range between 1.14600 and 1.13050 which are the current support and Resistance levels in EurUsd.

We will be Waiting for Price to reach up back to 1.14600 Resistance area before adding more positions on the EurUsd currency pair. 


The Weekly chart greatly displays the Institutional order behind the selling Euro Dollar pair as looking at the W1 chart is price a gap which the market going to fill up in the next coming months as it price heads towads 1.0700 zone



we believe that these views will assist you your trading, we wish you the best start to this new trading week.

Sifiso Nkwanyana

Author & Editor

I hope you have recieved all the information you seek and thank you once more for browsing our website we hope to hear from you soon.

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