EURUSD

Quoting F.g

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https://www.fxcm.news/au/2021/03/26/...near-term-uob/ It might be of help.....

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Quoting Js3mwtRc

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{quote} "While downward momentum has improved, oversold conditions suggest a sustained decline below 1.1740 is unlikely" "Downward momentum has improved and a break of 1.1740 would shift the focus to 1.1700. Looking ahead, the next support level of note below 1.1700 does not come in until 1.1600" These two differ, disagreement means volatility, maybe the next three weeks we see it bottom at 1600. So we might see a correction coming soon.

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Quoting JungleLionFx

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{quote} i trade very high account sizes so risk does not matter {image}

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Quoting JungleLionFx

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bored testing this setup on disposable cash {image} {image}

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Quoting Leesi

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Simple rule is, no istitution will make you rich! So follow own strategy.. Dont be a blind follower!

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Quoting Js3mwtRc

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Good morning. EURUSD droped bad the last three days, support is at 1745/1700 and resistance at 1800/27. Today we may see more profit taking, the price bounced from around 1760 at 17615 on my screen and the calendar is lighter with German ifo Business Climate nearing and PCE prices later at US session what I will looking for hints. I have open an order from 1762 targeting above 1900, lets see what the day will bring. Have a great trading ahead.

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Quoting Techanalyst

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It's Friday today, so institutions and all the traders/investors are taking their sell profit and closing it on EURUSD. So we see a bullish move today. But overall EURUSD is bearish. I closed my profits too, because the price is reaching monthly demand zone, so I want to take the profit. Will see what is going to happen next. But I think this will go down further to monthly demand zone at around 1.15-1.16. Trade safe. {image}

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Quoting Techanalyst

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COT reports are out. Like I said on Friday, institutions took of their sell profits. Looks like small amount of buyers also took of some profits/losses. Looking at EURUSD monthly chart, looks like EURUSD will deep down further into 1.16 demand zone. Trade safe. {image} {image}

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Quoting joe123

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{quote} Based on your charts the demand at the pivot low on monthly is just that. A pivot low. You Need to find the 'fresh demand' that hasn't been tested yet. I looked back on a lower time frame to see if we have demand which sits at 1.1650. and you can see it on a lower time frame chart On 1 hour. I doubt will find any significant support here but let's wait for price to develop closer to the zone. {image} Whats more likely is the fresh demand on the daily chart at 1.1450. This area will more likely find a footing with price. The chart above is...

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