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MEX_Exchange

EURUSD look to buy on weakness for a last push up

Panjang
Euro / Dolar A.S. (FX:EURUSD)  
MEX_Exchange  
FX:EURUSD   Euro / Dolar A.S.
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR eurusdshort eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdoutlook
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trendanalysis harmonicpatterns chartpattern eurusd eur eurusdshort eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal eurusdoutlook
Buy above 1.1805. Stop loss at 1.1705. Take profit at 1.1963.
Reason for the trading strategy (technically):
Price has whipsawed around once again. We remain bullish looking to buy on dips above 1.1805 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 1.1963 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is bouncing nicely off our 3.2% support and has good upside potential.
Penafian

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