EURUSD Daily - Important Levels for Tomorrow
Those who are wise should study these levels with attention.
-Tomorrow 1.1340 might become the first important resistance level for bulls.
-Keep an eye on what price will do from now on at Daily Trend Pivot (red dashed line): Each day the pivot level will elevate by 8 pips.
-The sideways channel has not been broken yet (only pierced a little). 1.1317 is key for a confirmation of a breakout.
-If 1.1340 breaks the next target is 1.1383
-Support levels start nearest from 1.1288 but the main breakout level of a smaller channel sits at 1.1214 which still can be retested.
-For a bullish continuation price must stay above 1.1288 (in other words bulls are trying to climb back above the thickest red trendline which was the daily trend support line).
-The ultimate target could be limited with 1.1550 because of a potential AB=CD pattern.
These levels will be valid (with minor differences) for the whole week. Next week I will update.
Stay Green
Those who are wise should study these levels with attention.
-Tomorrow 1.1340 might become the first important resistance level for bulls.
-Keep an eye on what price will do from now on at Daily Trend Pivot (red dashed line): Each day the pivot level will elevate by 8 pips.
-The sideways channel has not been broken yet (only pierced a little). 1.1317 is key for a confirmation of a breakout.
-If 1.1340 breaks the next target is 1.1383
-Support levels start nearest from 1.1288 but the main breakout level of a smaller channel sits at 1.1214 which still can be retested.
-For a bullish continuation price must stay above 1.1288 (in other words bulls are trying to climb back above the thickest red trendline which was the daily trend support line).
-The ultimate target could be limited with 1.1550 because of a potential AB=CD pattern.
These levels will be valid (with minor differences) for the whole week. Next week I will update.
Stay Green
Be a seer, not a looker!
Ata's Trend Hunter V3.5 All Time Return:
79.1%
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