EurUsd Pullback treads between Key Level's 1.0765/1.0790 🎚️

3 kwi

Hello Traders.. In our previous analysis (24hrs ago) we called out Longs/Buys from 1.0732 and price is currently 1.0770, an increase of 40 pips. The Monthly candle pulled down to begin the month and as we enter Wednesday the candle is returning to Break even after dropping 60 pips. The market now treads above the weekly level 1.0765 and will this sustain until the end of the week.. it's possible although I dont think we've seen the end of USD momentum this week but maybe we have. Maybe the market will pull up it's pants and the Eur will make a difference lol. The Tuesday daily candle closed bullish back above the weekly level 1.0765, this level we must watch closely... The wednesday daily candle already broke the high of the previous candle .. hmm... If we do head bullish I see us tapping into the daily resistance created on Monday at 1.079. Otherwise we created a daily support level today with the Bullish candle close at 1.0742. We do have a good amount of data in the upcoming session which could cause some volatility. I can see buyers pushing price to the Daily level 1.079 where we may see Sellers step back in. Today's session could be tricky and flexibility will be key.

3 kwi

Uwaga

hey everyone! Update for EurUsd. We made a Neutral Analysis 12 hours ago on EurUsd. This was because the Daily candle closed bullish and it actually closed back inside the Weekly Level 1.0765 and I said this in the analysis " The Tuesday daily candle closed bullish back above the weekly level 1.0765, this level we must watch closely..." The market pulled back to our highlighted Orange area where 1.0765 was used as support for an explosive bullish move on EurUsd.