The bulls are determined to keep the EURUSD pair at 1.09602 and are looking to reach even higher levels.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- EUR/USD bulls refuse to retreat and eye higher highs.
EUR/USD has rallied and the focus is on the upside while the US Dollar caves in to test critical support. The following illustrates the market structure across the daily and 4-hour time frames.
The daily charts are showing that the price is recovering from the 1.0840s in a strong surge to the upside towards an imbalance near the recent highs. the price is on the front side of the bullish trend, keeping the bias bullish. A break of the 1.1012, 1.1050s and 1.1095 opens risk for higher for longer.
Zooming into the 4-hour chart, the imbalance can be seen and it leaves the highs vulnerable to a test. Bears will need to get below 1.0850 for prospects of a downside continuation.
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
