EUR/USD reaching towards the resistance at 1.0720

٣١ أكتوبر ٢٠٢٣

Hello traders, in my last week's EUR/USD update I advised buying
when the price was near 1.0550. That buy trade generated nearly
100 pips profit.

Currently, EUR/USD looks all set to reach the top of the price channel
at 1.0720. That area also happens to the 100-day EMA level on the daily
chart. So, it needs to be seen how price reacts if it reaches the 1.0720 level.

٣١ أكتوبر ٢٠٢٣

ملاحظة

And as expected, EUR/USD continues to reach new highs

٣١ أكتوبر ٢٠٢٣

ملاحظة

The resistance zone around 1.0675-1.07 seems to have stopped the rally for now

٣١ أكتوبر ٢٠٢٣

ملاحظة

Bought a small lot at 1.0593

٣١ أكتوبر ٢٠٢٣

ملاحظة

High volatility today and it is also the end of the month. Trade wisely.

١ نوفمبر ٢٠٢٣

ملاحظة

Price is once again back to lower TL of the channel, this can also be interpreted as a bearish flag. So, be careful

١ نوفمبر ٢٠٢٣

ملاحظة

I am considering adding a buy here

٢ نوفمبر ٢٠٢٣

ملاحظة

Last night's buy trade @1.0525 is now in 74 pips profit

٦ نوفمبر ٢٠٢٣

ملاحظة

Closed both positions@1.0720.
Profit : 195 Pips and 127 Pips respectively