Watching 1.1713 1.1700 and 1.1680 Fiber bulls are very bold and confident atm and we still trading less then 50 pips under the last days highs. Hard to say that we can get relief rally for bears untill we stay above 1.1680-1.1700 as main support zones. Only break of 1.1680 should bring us lower. Cheers! Pls apply your own trading and mm rules in any case.
Handel aktiv
⋅
Nothing to do still with this bullish moods as everyone crazy that Fed printing, if you look at ECB they print either... and a lot, but nobody cares because everyone think that the trend is your friend and buy untill it buys. Strong monthly resistance at 1.1830 ... nobody cares cus we see the same with 1.1422 and 1.1580/1.1600... Everyone now eurusd bull and they will buy it with confidense utill 1.1420 for sure. If somehow we will see 1.1420 then we will see eur much lower then everyone can imagine today, but that wud be already another story. I recommend to reduce positions and trade with care. Cheers!
Handel aktiv
⋅
Kommentera
⋅
looking on daily tf it is clear that best buy spot level situated at 1.1494 level, it was previous high and now strong support on horizontal line and also a rising trend channel support this is dividing line for bulls and bears market and expected to be very well protected by the fiber bulls atm.