EURUSD (Intraday) – Are we going to find a support?
…in relation to our view based on the weekly chart published a week ago (below article):
A breakdown through an “ideal” double bottom formation and scenario 2 might be in play. The long weekend in US (market is open but lower liquidity expected) can present itself as a perfect envirnoment for a quick manipulation. Do you agree with us?
Intraday possible supply between 1305/20 and stops above Tokio high.
EURUSD (Weekly) – Two possible bullish scenarios (posted a week ago)
As you can see on the weekly chart the bulls have got two possibilities to recover towards the end of the year and probably this week’s events (US Midterm elections and FOMC) may offer some opportunities:
1) Based on the last two weeks price action the swing low around 1.1300 might be in place (would be great to close above last week high) or…
2) Full manipulation into the election/FOMC with stop hunting down towards 1.1240/1.1200 with strong rejection
Should you have any questions feel free to contact us anytime.
Good luck Champs!
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