EURUSD Update 1

We beautifully followed path B, I took longs and got stopped out in profits and didn’t give it enough breathing room to carry on which is very stupid but analysis went exactly as planned. I am truly very very said about this trade.

Upcoming USD News:

  • Thursday
    • Building Permits
      • Previous: 1.3M
      • Forecast: 1.29M
    • Unemployment Claims
      • Previous: 261K
      • After: 151K
    • Crude Oil Inventories
      • Previous: -4.9M

Monthly: We are extremely bullish on the EURUSD. We are at the resistance I said we would go to and we can possible go higher but looking at lower timeframe I see us going lower to create a higher low and continue up.


Weekly: We broke the bullish flag, We are at a resistance (monthly), I see a possible lower wick being created which would allow us to retest resistance then continue higher to the next zone I highlighted.


Daily: We can see here how we retested broken resistance and rocketed up. Looking for exhaustion down to broken resistance and then to the next resistance highlighted.


H4: We are at monthly resistance I don’t see us breaking this resistance, I see us exhausting, ranging, breaking down to broken resistance before there is any chance of even continuing to the next monthly resistance.


Predicted Movement:

EURUSD Update 1

The path A is explained above, but obviously I can’t or you can’t be biased, so B is there just in case to keep you prepared.