Hello Traders and Investors,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd💪
EurUsd just perfectly retested and already rejected the 0.618 fibonacci level in confluence with a retest of previous support which was after the break turned strong resistance.
EurUsd is also now approaching weekly support and also the bottom of the solid rising channel so after some bullish rejection it will be quite likely that EurUsd provides more short term bullish upside.
With the moving averages shifting bearish on EurUsd just a couple of days ago, there is no need to look for a long setup now - Instead I am waiting for the inverted head and shoulders to play out and then I am looking for longs on a retest of the neckline.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd💪
EurUsd just perfectly retested and already rejected the 0.618 fibonacci level in confluence with a retest of previous support which was after the break turned strong resistance.
EurUsd is also now approaching weekly support and also the bottom of the solid rising channel so after some bullish rejection it will be quite likely that EurUsd provides more short term bullish upside.
With the moving averages shifting bearish on EurUsd just a couple of days ago, there is no need to look for a long setup now - Instead I am waiting for the inverted head and shoulders to play out and then I am looking for longs on a retest of the neckline.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
