Watch out for last week's high as potential resistance, other than that this pair should still go upwards to the 1.0850 resistance zone.
This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates.
If my charts are not clear, you can pm me anytime to ask any questions, I am more than willing to help. And if you want to look at my positions, you can click my etoro link from my profile, you will see my trading positions under portfolio.
Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.
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Tuesday
TP 1.0850, then wait for next directional bias.
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Wednesday
Pullback should be complete and price should be going up.
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Thursday
Up soon
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Friday
The downmove was unexpected, as long as price can regain 1.0718 today we should still be up, however if it fails to regain that resistance, the top could be in and we are going to fall next week.
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Monday Jan 30
I did not realise I cannot post more than 10 charts a day, so I will update here for the time being.
EU is still up and will probably test that 1.0850 area this week.
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Tuesday Jan 31
A rejection of last week's low keeps the trend up.
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rsam
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Looking forward to that :-) It's taken it's time, hasn't it?
Tendorian
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@rsam, Yea, I held this position for 6 trading days already, today is the 7th. Hope it reaches soon. =)