Sive Morten
Special Consultant to the FPA
- Messages
- 18,655
Morning everybody,
So, the first EUR reaction on strong K-area has happened - market hits 1.20 K-resistance area and turning down from it.
Our 1H setup has worked nice as price was able to climb even higher and almost hit XOP target:
Still, this should be just a beginning. Strong weekly areas leads to more significant reactions and EUR supposedly is just the forming the shape of it. It means that next week we should get another chance to go long, at least. Or even some pattern might be formed.
Today is not much to do on EUR - just keep an eye on bullish grabber around Fib levels on 4H chart, as we could get more extended upside AB-CD pattern:
So, the first EUR reaction on strong K-area has happened - market hits 1.20 K-resistance area and turning down from it.
Our 1H setup has worked nice as price was able to climb even higher and almost hit XOP target:
Still, this should be just a beginning. Strong weekly areas leads to more significant reactions and EUR supposedly is just the forming the shape of it. It means that next week we should get another chance to go long, at least. Or even some pattern might be formed.
Today is not much to do on EUR - just keep an eye on bullish grabber around Fib levels on 4H chart, as we could get more extended upside AB-CD pattern:
