EURUSD Daily Setup - Fibo and Cloud Breaking buy confirmation
Technical Analysis:
Right now, Current Market Price of EURUSD is 1.0528. We can see that in Daily Time Frame, EURUSD already made double bottom and now making some correction as well.
Considering Fibo, we can see the price of EURUSD is fighting with 0.38 level right now. A strong break out of EURUSD may lead EURUSD towards 0.61 level which is the strongest resistance level and a perfect price for a sniper entry.
Considering the cloud breaking strategy, we can also see that during this level, there was a cloud breakout in previous times. We know in Forex, History repeats! Therefore , 1.0628 is one of the best price to enter to the market with a goal to achieve 1.07758.
Our Trade:
Buy Stop 1.06269
SL# 1.0467
TP# 1.0528
Right now, Current Market Price of EURUSD is 1.0528. We can see that in Daily Time Frame, EURUSD already made double bottom and now making some correction as well.
- The immediate resistance level is going to start from 1.0628
- The Second resistance level is 1.0775
- The immediate support level is 1.0467
Considering Fibo, we can see the price of EURUSD is fighting with 0.38 level right now. A strong break out of EURUSD may lead EURUSD towards 0.61 level which is the strongest resistance level and a perfect price for a sniper entry.
Considering the cloud breaking strategy, we can also see that during this level, there was a cloud breakout in previous times. We know in Forex, History repeats! Therefore , 1.0628 is one of the best price to enter to the market with a goal to achieve 1.07758.
Our Trade:
Buy Stop 1.06269
SL# 1.0467
TP# 1.0528