EURUSD Double Top Targeting 1.1121 Weekly Support?
- Duncan Cooper , Senior Market Strategist & Trading Mentor at ACY Securities
- 22.02.2022 05:15 pm #stocks , Duncan Cooper is a full-time trader and mentor and the Senior Market Strategist at ACY Securities. Trading full-time since 2009, Duncan's insights are from the battleground of real-time markets, not theory, and he thrives on educating traders to reach their financial goals.
Overview:
Watch the video for a summary of this week’s news releases, a review of the USD Index, and a complete top down analysis of the EURUSD.
EURUSD Weekly:
Weekly support at 1.1221, 1.1186, and 1.1121, resistance at 1.1482.
Price has failed at the 1.1482 weekly resistance level and may be forming a double top.
Short term target 1.1121 weekly support, long term target 1.0879 monthly support.
EURUSD Daily:
Daily support at 1.1272, resistance at 1.1386.
Daily chart has formed a lower top at the 1.1386 resistance level. Looking to sell a rally on the 4 hour chart as price moves down and retests the 1.1272 daily support level.
Watch the video for a full break down of my analysis on how you could trade this pair to the downside based on the 4 hour chart.
This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
Overview:
Watch the video for a summary of this week’s news releases, a review of the USD Index, and a complete top down analysis of the EURUSD.
EURUSD Weekly:
Weekly support at 1.1221, 1.1186, and 1.1121, resistance at 1.1482.
Price has failed at the 1.1482 weekly resistance level and may be forming a double top.
Short term target 1.1121 weekly support, long term target 1.0879 monthly support.
EURUSD Daily:
Daily support at 1.1272, resistance at 1.1386.
Daily chart has formed a lower top at the 1.1386 resistance level. Looking to sell a rally on the 4 hour chart as price moves down and retests the 1.1272 daily support level.
Watch the video for a full break down of my analysis on how you could trade this pair to the downside based on the 4 hour chart.
This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
