EURUSD– Buyers face off, and at least shake off sellers confidan

EURUSD– Buyers face off, and at least shake off sellers confidance

Trend: Buy/ Neutral

Support/Resistance:
R3: 1.11311
R2: 1.11129
R1: 1.10873
S1: 1.10679
S2: 1.10522
S3: 1.10236

Price action:
Buyers strongly lead the market to very important area that lays between S1 and R1. Because overall market is buyers and buyers have power, we still don't know how sellers will react on that, becasue we are still below R1 which is the level of first good decision, for late traders. Remember that this currency pair has very good potenial buy after elite strategy will tell us when to trade this.

Potencial trade idea:

Bulls targets:
T1: 1.10873
T2: 1.11129
T3: 1.11311

Bears targets:
T1: 1.10522

NOTE – We are trading EURUSD via the preferred trading setups

ELITEFXACADEMY


Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education