EUR/USD Trend momentum
Hi guys,
I just want to share with you my ideas and analyis about EUR/USD pair.
We have seen and we are experiencing a big rally in the Euro lately mainly due to bullish investors sentiment and postive economic outlook. Personally, I expected a reversal at 1.14-1.15, for a possible correction. However, the resistance level at 1.6173 has been broken yesterday thanks to mario draghi "postive words". Right now I am not 100% bullish, since we still have to break the high of August 2015, at around 1.714 (red arrow), and the RSI is approaching the overbought zone. After we break that high, I would wait a correction, something like a re-test of support, in order to have a better risk/reward profile.
Thanks
Feel free to share your thoughts
Sebastiano
I just want to share with you my ideas and analyis about EUR/USD pair.
We have seen and we are experiencing a big rally in the Euro lately mainly due to bullish investors sentiment and postive economic outlook. Personally, I expected a reversal at 1.14-1.15, for a possible correction. However, the resistance level at 1.6173 has been broken yesterday thanks to mario draghi "postive words". Right now I am not 100% bullish, since we still have to break the high of August 2015, at around 1.714 (red arrow), and the RSI is approaching the overbought zone. After we break that high, I would wait a correction, something like a re-test of support, in order to have a better risk/reward profile.
Thanks
Feel free to share your thoughts
Sebastiano
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.