There is a view of LONG EURUSD base on WEEKLY CHART
1 Since there is no more significant economy data come out in later weeks, it is possible for EURUSD pasue downtrend move
2 The price is meeting possible surpport from 100/200MA and pivots point show the prices among 1.1500 is critical.
3 1.1650-1.1465 is important R/S switch area.It may provide certain 'magic power'
4 A wave guess,just setup 1.2560 is uptrend wave 5 and mrkt may follow this to complete abc move.Now we bet b wave will happen.
So my idea is to put bid order@1.1520(or agressively long@1.1650 last week close price) with your comfort lots to play weekly run!
SL 1.1320
SP1 1.2000 SP2 1.2080
Please feel free to comment and discuss.
stephenha@163.com
1 Since there is no more significant economy data come out in later weeks, it is possible for EURUSD pasue downtrend move
2 The price is meeting possible surpport from 100/200MA and pivots point show the prices among 1.1500 is critical.
3 1.1650-1.1465 is important R/S switch area.It may provide certain 'magic power'
4 A wave guess,just setup 1.2560 is uptrend wave 5 and mrkt may follow this to complete abc move.Now we bet b wave will happen.
So my idea is to put bid order@1.1520(or agressively long@1.1650 last week close price) with your comfort lots to play weekly run!
SL 1.1320
SP1 1.2000 SP2 1.2080
Please feel free to comment and discuss.
stephenha@163.com