EURO Expecting a bullish breakout...

Published date: 12/09/2018
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There are some interesting levels in which the EUR/USD is respecting at the moment as it seeks out the next medium-term direction for the last quarter of the year.

The lower zone: 1.1540 holds huge significance this week as the solidity could assist the pair in this H4 triangle breakout to the upside. The recent pressure/consolidation is nearing completion and my bet is that the resistance: 1.1621 will be broken to the upside and the pair will reach the target of 1.1680.

Due to the confusion of price action on the daily timeframe, there is a possibility the pair may even extend a bull run into the 1.1750 weekly resistance level. 

Alternatively, a daily break and close below the supportive zone would indicate bearish momentum to follow through and the above scenario to be dismissed. 1.1450 is the major monthly support zone to take note of in this case.

 


Comments

  • EURO Expecting a bullish breakout...
    Rassi says:
    17/09/2018

    I would also love to be added if there is any WhatsApp group pls..

  • EURO Expecting a bullish breakout...
    Kevin says:
    16/09/2018

    Beautiful chart work Shaun! Always delivering great value. Looking forward to the next week!

  • EURO Expecting a bullish breakout...
    Jaden William says:
    14/09/2018

    Great analysis

  • EURO Expecting a bullish breakout...
    Kathleen says:
    14/09/2018

    I would like to join the group for daily and weekly updates and direction

  • EURO Expecting a bullish breakout...
    Sousa says:
    12/09/2018

    Great analysis man, and it played out just like it

  • EURO Expecting a bullish breakout...
    Jaydev says:
    12/09/2018

    Astro fx is good teaching to forex trading tips

  • EURO Expecting a bullish breakout...
    Keletso says:
    12/09/2018

    Right bro, been waiting for confirmations of a break above the trendline or below our support before making decisions

  • EURO Expecting a bullish breakout...
    chris king says:
    12/09/2018

    hi guys great analysis. can iask y you think 1.1450 is a monthly major support lvl? i ask as im trying to figure out monthly and weekly zones

  • EURO Expecting a bullish breakout...
    mussie says:
    12/09/2018

    we do not know what is going to happen, cause fire is back . it is crazy motivation shaun keep it going fx man.

  • EURO Expecting a bullish breakout...
    Sampi says:
    12/09/2018

    Can i please be added into the whatsapp group.

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