The EURUSD has started to change their movement from Down to Up on Friday as it has fulfiled the downward movement pattern taught in the course. This upmove may or may not be a change trend until it moves past certain point on Monday.
For those of you who are in my forex video signal, you can go to the member area to view the video I have done for you.
Before the market close on Friday, we exit our BUY trade on the EURUSD, GBPUSD and GBPJPY with good profits.
Today I am going to share with you my analysis on the EURUSD so that you can also make some profits from the movement.
My EURUSD Analysis
If you take a look at the picture below, you will see there is a yellow line I have plotted and that is the major resistance level you have to take note of when the market opens.
When the price breaks through that level, please do not rush to enter a BUY trade as the market likes to produce fake out movement at times. It is best for you to wait for the price to break the level and then come back to retest that level successfully to enter a BUY trade.
The overall movement for this pair is still UP for today but I will wait for it to move back to touch the 400 EMA first before I start to look for BUY opportunity.
In order for the price to be able to break through the major resistance successfully, it will need to hit a major support first to give it the repulsive momentum.
For this pair, i will look to BUY it today.
If you are interested to join my forex trade copier, you can take a look at the link below for more information