Below is my EUR/USD analysis on weekly chart. I use Relative Volume and zones as support and resistance.
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DislikedGood week to everyone! I already have a confirmed entry to buy, I'm waiting to enter. "money changer"Ignored
Disliked{quote} @Vorenzd hope you took the bear opportunity. Yes, it is clear that this move was fully USD driven. The market will need a few days to digest the "sings of internal FED confusion". I am not sure but it could take until Jackson Hole (August 26/28). The DXY chart is suggesting touching the 200MA which is around 94.70. Interestingly... this would send the EUR into the area of 1.1400 to 1.1350 (depend on how the other pairs follow - mainly the JPY), where the 13 year downtrend is waiting for a bounce. {image} {image}Ignored
DislikedLong at 1.1855 but I'll be only buying until we hit 1.25 and I am expecting it to go more in the long term. This might sound absolutely insane, but this entire drop to me was one big pullback before a tsunami hits. Completely 1 directional with absolutely no pullbacks is not a trend for me, it's a forced move with a purpose. Worst case scenario I lose a few pips here, my plan is to add to this long for the next few days/weeks. This was some insane price action, moving more in 48 hours than in the last couple weeks/months. Price going below 1.183...Ignored