EURUSD Technical Analysis And Trade Idea Update
Yesterday we have entered a short trade and generated 65 pips so far.
An important detail appeared on the H4 Chart Timeframe.
EMA 50, EMA 100 and EMA 200 crossing down. We call it ” GOLDEN CROSS”. This Bearish Cross tells us that Bears are much eager now.
1.22900 is the critical support. Break below the critical support will trigger the bearish move. 1.22550 and 1.22090 will be the next target of the pair.
1.23750 is the stop loss of this bearish move.
Target levels below 1.22900 are 1.22550 and 1.22090.
We have a Bullish Bat below 1.22090 and we will publish it for Premium Members Today.
NOTE: We may see a high volatility on EUR and GBP pairs since its the last days of June Future Contracts.
IMPORTANT: Patience and Money Management are key to success in trading. Your risk ( Stop Loss ) must be maximum 1%.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.