EURUSD Reached the main support. What’s next ?
We have reached our target 1.15300. The bearish momentum is very strong.
We will wait for the breakout of the 1.15300 – 1.15100 region.
No important macroeconomic data flow today.
Looking at the harmonic chart patterns, we have Bullish Total and Bullish Crab patterns as shown in the chart. Intraday traders may use those patterns for a bullish correction opportunity.
Midterm traders may take some profit and wait for the breakout of the 1.15300 -1.15100 support to add short. We have published our next target in our previous EURUSD analysis.
Harmonic Trade Opportunity:
AREA OF THE ENTRY: 1.15320 – 1.15200
TARGET 1: 1.15650
TARGET 2: 1.15850
TARGET 3: 1.16100
Update: TP2 Reached 65 Pips.
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
EURUSD : Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.