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Weekly Bias: BULLISH
Daily Momentum: FLAT/BEARISH
Intraday: FLAT POSSIBLY REVERSING TO THE DOWNSIDE
Notes: EURUSD was showing further signs of the reversal. After climbing towards 1.0850 resistance during overbought momentum, the pair printed engulfing daily candle and it is closing the trading day almost at the gap opening (1.0800). The resistance at 1.0850 is also a major WR2 Pivot Zone, which is very responsive to reversals. I would like to see EURUSD to range for few days between 1.0750 and 1.0850 and stage another leg down below 1.0740. After the lower low is formed, the market is likely to pull back up to re-test the resistance at around 1.0780 ( the resistance is not 100% clear today ). This level would a perfect spot for bears to enter shorts with targets below 1.0600.
Just wanted to share the fun. I’ve been a member for a few hours now, and based upon your USDJPY analysis going into Wednesday, I placed a short trade before taking my family out for sandwiches this evening. When we returned, I banked +56 pips! Off to a fantastic start.
Humbletraders is a breath of fresh air. Their signals and analysis are both easy to follow and consistently profitable. On the occasion that I have any questions, it is great to be able to draw on Roman’s impressive knowledge of trading. Thanks for helping me get my trading back on track.
I have found Roman’s analysis and signals to be consistently reliable and accurate. Their customer service is excellent and they always answer queries promptly. I have tried many other Signals providers but Humbletraders are the best I have come across by a long way.
Thank you for sorting this out so quickly and for the refund 🙂
All sorted and have access… as a side note, really enjoying the analysis and learning a lot as I go.