EURUSD Potential Short + Long

2020年9月18日

Looking at the image, it can be found that EURUSD is at a tested level of resistance (Trendline) and Fibonacci level of 50%. A potential short play currently but to take note of a potential inverted Head & Shoulder potentially forming which indicates a bullish play.

All this will be in reference with the US Basket chart whereby it is currently at a tested support level. If it breaks the support level, a long play will be ideal as this will cause the EURUSD to break the trendline.

2020年9月22日

ノート

The formation of the inverted Head and Shoulders has not be successful formed. As in the current latest chart movement, it has showed the trendline resistance holding and dropping to a tested level of support with a pull back occurring.

Now the best option I would suggest is to wait and see more clear movements on the direction before taking an entry.

2020年9月23日

ノート

It has recently broken major support level and currently in a short play.