It looks like a good entry with risk/reward ratio for short term swing.
The Euro has rallied long enough and is going into a daily consolidation. Looking at the basic technical analysis tools displayed on the chart here, there is a potential for the EURUSD to touch the previous resistance level, and retrace to natural Fibonacci level 0.38, before rallying up again. This does not indicate a downtrend, but perhaps can just a retest.
We will have to keep an eye if the EURUSD breaks above previous highest level too, however it could be a sign of a fake breakout. Trade with lower risk, and good luck everyone
The Euro has rallied long enough and is going into a daily consolidation. Looking at the basic technical analysis tools displayed on the chart here, there is a potential for the EURUSD to touch the previous resistance level, and retrace to natural Fibonacci level 0.38, before rallying up again. This does not indicate a downtrend, but perhaps can just a retest.
We will have to keep an eye if the EURUSD breaks above previous highest level too, however it could be a sign of a fake breakout. Trade with lower risk, and good luck everyone
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.