EUR/USD/Technical Analysis/Trade Ideas

EUR/USD: Short-term support levels looming

As you can see on the hourly chart, we have a bullish trendline, previous highs, and the 100-hr MA all in close proximity below the market. I’d look for a s/t base to form above 1.2955 and then buy that bounce for a quick 60/70 pip play.

  1. Morning Sean,

    Well done for your GBP/JPY trade. The last week, I was less fortunate than you : I have opened a position on AUD/JPY but too early (1 day before NFP release) . Mr Market has trigerred my tight stop and then he has done my scenario 🙁

    I guess, you would say “The timing was not correct” 😉

    Let’s go for a new trade and a new week !

  2. Indeed AUDJPY has a beautifull horizontal resistance on daily chart. Sean, I want that money too!!! 🙂
    It smells like “Okto-Bear fest” is coming

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