Euro 6E - big players lock in profits

Discussion in 'Financial Futures' started by Liberty Market Investment, Nov 14, 2022.

  1. [​IMG]
    The uptrend in the eur/usd in this contract started in early October. For 3 weeks the quote could not pass the 1. Only in early November and without much correction pushed the Euro to the level of 1.039. ​

    Trading scenarios for the next few days:

    1. At the opening of the USA trading session the quote will not be allowed below the support level [green range], it will be more profitable to determine the entry point no later than the exit of the quote beyond the support range.
    2. At the opening of the USA trading session the quote will not be allowed above the resistance range [red range], after opening the short watch out for a breakout of the support corridor.
    3. The most unprofitable scenario, but you have to be prepared for that outcome as well. It will be caught between support and resistance for the rest of the day. We should expect a good move in the next day.

    Author & trader: Mikhail Lemah VolFix Company​
     
  2. SunTrader

    SunTrader

    " .... pushed the Euro to the level of 1.039."

    Is that a typo?

    Recent high on my chart is 1.03642
     
    Gambit likes this.