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EUR USD Analysis | Euro Dollar Analysis | Euro Forex Forecast
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EUR USD Chart | Exchange rate Euro vs US Dollar
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Recently, price plummeted to 1. However, there has been a modest recovery over the last 2 days owing to USD weakness. Analysis - As you can see from the chart, price is clearly below the day moving average, which indicates the trend is tilted Hello Traders!
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Please support this idea with a LIKE if you find it useful. Support line : C 1. It is for educational purposes only. Weekly candle creating bullish pin bar, 4H moving averages crossed over and creating head and shoulder to the up side. Based on the above criteria in addition to technical analysis, from my point of view its a good setup to put a buy stop just above the daily candle close. It broke the middle band of BB too on 4h chart. Good luck!!! Price formed a wedge and approached the uptrend level. Expect a bounce-up from this location.
In case when the price will continue to go down I expect a rebound from the support level of 1. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates If we break out of the yellow range either way, its a trade in that direction.
Trade Appropriately. Supply looks low here.
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Have to wait for it to drift down a bit away from and potential remaining supply while looking for a no supply entry to the long side should that happen. The price action terminology and tactics in combination with VSA in an unbeatable trading methodology.