Forex Opinion & Analysis

EUR/USD: Bulls Need Upside Breakout Soon

 

EUR/USD
0.15%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:


Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:


 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

 EUR/USD Daily ChartEUR/USD Daily Chart

  • The EUR/USD had an outside up bar yesterday, closing about the November 29 high. This is good for the bulls. However, the bulls need follow-through today.
  • Outside bars are typically trading range bars, and most of them lead to sideways price action.
  • The market is still Always In Long, and the bulls still have a slight advantage in probability.
  • While it would not take much for the bears to get in control, the bulls have done an excellent job demonstrating strength with bull bars closing above their midpoints.
  • At the moment, the odds are that the bulls will get their measured move up of the November 10 and 11 bull breakout based on the bodies of the breakout bars.
  • Bears need to continue developing more selling pressure to regain control. They can do this by making the market sideways or creating big bear trend bars close near their lows.
  • Bears have a problem because the November 10 and 11 breakout bars closed above the past 60 bars.  

Source

Похожие статьи

Добавить комментарий

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Кнопка «Наверх»