EURUSD: An Eye to 1.1700, 08-08-2018

8 ago 2018

• EURUSD travelled a very strong demand zone (1.150-1.156) and it stats to form an up-trend..
  
• As you can see on an analysed chart, it can go tell 1.17 safely after breaking all resistances that are mentioned on the chart (we mean by breaking any resistance level is that the price form a bullish candle closes above the level).
  
• You can enter a trade when the trend make a full bottom (HH,HL) then put your TP1, TP2 and TP3 under levels of resistances (consider spread).
  
• On the daily time frame the price is in a range between (1.150 and 1.172).
  
• EURUSD as per this analysis will hit 1.17 safely. Your SL has to be under each bottom and every time move your SL under every bottom formed (to reduce your risk)..
  
• RSI indicator is supporting our analysis too..