Major USD Pairs Discussion | Daily Market Breakdown

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@asuquokelvin - 3 weeks ago
Quoted - godspowerdan

Since EURUSD has taken out previous day high as liquidity (internal range liquidity), price will continue it sells

It took out previous day high and it's at the Friday lows of the previous week, Eurusd is just in a range which I call a pause a breakout on any side will be the direction

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@asuquokelvin - 3 weeks ago
Quoted - nsg_usd

EURUSD-Price revisits that support level at 1.1462. Watching if it will finally break it or create another low on it.

I acknowledged that support level, let's see if it will breakout or reverse to the upper channel of the trading range

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@nsg_usd - 3 weeks ago
Quoted - asuquokelvin

I acknowledged that support level, let's see if it will breakout or reverse to the upper channel of the trading range

Although the day is just starting, if at the end of today price is unable to break below the support level but rather closes bullish, that will create double bottom, signalling the bulls are setting up a defence structure against the bears from dropping price further down.

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@nsg_usd - 3 weeks ago
Quoted - asuquokelvin

Eurusd just swept below those lows, let's just see how price reacts

I'm not interested in the buys again today on EURUSD. I'll just be watching how the daily closes at the end of the day. A bullish hammer will be very ideal closing above the Support level.

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@nsg_usd - 3 weeks ago
Quoted - asuquokelvin

The nzdusd buy looks good but it's not really convincing yet untill I see more protective lows

The NZDUSD buys are still in its formation stage. a break above the intraday resistance at the 0.5745 price level then I'll look for entries with SL below 0.5694 price level, and I'll target 0.5900 price level.

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@asuquokelvin - 3 weeks ago
Quoted - nsg_usd

I don't have my confirmation yet. I'm still waiting.

That's perfect, but what about fundamentals have you checked the fundamentals to know if nzd is becoming attractive?

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