Charting EURUSD
Posted by trywalker / 9:28 a.m. @ Hong KongNov 23
EURUSD printed 1.4800 to take out the DNT option barrier ( 1.48 vs. 1.51) last Friday and retraced a big figure on the back of XAU rally so far this morning.
60 mins. chart suggesting a good resistance at 1.4905 and a break of the resistance may lead a squeeze up to 1.4975. Having said that the weekly close below 1.4935 suggests a pullback and a test of 1.4765 and I am keen to stay short EURUSD between 1.4895-1.4905 with a tight SL at 1.4917, targeting 1.4820 and 1.4765 accordingly. A test of 1.4975 is another chance to sell into with a SL at 1.4995.
Have a nice week ahead.
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