Forex EUR/USD Daily Video, July 26, 2023

Sive Morten

Special Consultant to the FPA
Messages
18,441
Good morning,

EUR has touched daily oversold and 1.1030 support area, forming bullish "Stretch" pattern. Today situation looks better for long entry and we consider 1.1060 level with reverse H&S on 1H chart for possible long entry. Major risk factor is Fed statement.

 
Looking at Buy Opportuntiy on $/CHF down at 61.8% retracement of last weeks Bullish weekly candle!? A small position even now at 0.8615..if you feel positive..!? ;)
Double Repo Buy' on Daily Chart could be confirmed by close of today or tomorrow..but we must wait for FOMC'..right.!? :cool:
 
Looking at Buy Opportuntiy on $/CHF down at 61.8% retracement of last weeks Bullish weekly candle!? A small position even now at 0.8615..if you feel positive..!? ;)
Double Repo Buy' on Daily Chart could be confirmed by close of today or tomorrow..but we must wait for FOMC'..right.!? :cool:
No Trade yesterday..but i'll watch now for 'Double Bottom'..as we approach end of July.! :cool:
 
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