EURUSD FURTHER UPSIDE !

Published date: 08/01/2019
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Last weeks, 'return to EFX article' which covered EUR/USD was a success. 

The EUR accelerated up to the levels: 1.1430 & 1.1450 as buyers stepped in to allow strong day closures towards the end of last week. Yesterday, the pair spiked through solid H4 resistance & has pulled back to retest 1.1450 as supportive territory for now, which I expect to hold firm.

Keeping this one short & simple... EUR targets are 1.1500 then 1.1540.

A break of 1.1500 will allow a new weekly high to be formed so be vigilant of a pullback before it flows into the secondary target. 

A break of my trendline will invalidate this setup. I will then wait a day to re-analyse. 

@ShaunLeeOfficial


Comments

  • EURUSD FURTHER UPSIDE !
    Eyeree says:
    09/01/2019

    Thank you for this brilliance!

  • EURUSD FURTHER UPSIDE !
    Ronni says:
    09/01/2019

    Hi Shaun. I just have a quick question. I read your article yesterday on eur / usd. you wrote that if the trendline was broken then your setup would be invalid. But was trendline not broken yesterday? we were down at 1,423. I'm new to trading so would be happy if you would answer my question

  • EURUSD FURTHER UPSIDE !
    Phil Weston says:
    08/01/2019

    The GOAT! great call on EUR, caught some nice pips and profit on this! Thanks Shaun. Keep them coming

  • EURUSD FURTHER UPSIDE !
    alex says:
    08/01/2019

    you are the best in this game shaun !

  • EURUSD FURTHER UPSIDE !
    Thabiso says:
    08/01/2019

    thanks for the setups but technical tuesday is still important to us newbies ,please bring it back

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