EURUSD Trade Idea

٥ يناير ٢٠٢١

In the previous analysis, I expected the market to respect the channel formation and reject off the bottom range of the channel, which was exactly what the market performed. However, EU had a strong rejection off previous daily high (1.2309), closing the day with a bearish pin-bar. Currently, i am noticing the short-term EU weakness as it failed create new high again. Will be looking for potential short opportunities if price rejects off 1.2272 minor resistance zone or a violation of the channel formation with 1.2178 zone as the initial target. Be aware that price could once again re-test the 1.2309 high for the third rejection.

Trade safe.

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٥ يناير ٢٠٢١

ملاحظة

Previous analysis