Hello my friends! How are you? Today I want to give you my trading analysis for EUR/USD pair. Let's take a look at the chart.

Hello my friends! How are you?

Today I want to give you my trading analysis for EUR/USD pair. Let’s take a look:

 

Peluang

 

You can see the price now is near the resistance area. As we know, the price tends to bounce down after it moves near a resistance area. So we should look to sell this pair. We need to wait for a reversal signal before we enter the trade.

There is a possibility for bearish divergence to perform. The price now is sitting on 1.1323 level (at the time I write this) and I will wait for the price to break the latest high on 1.1378 levels. We need to wait for the price to break this level so the bearish divergence will completely perform. The price could move around this resistance area between 1.1465 (last month’s high) and 1.1380 levels but I am expecting for the price to not break the last month’s high.

If the price is in between this resistance area and the indicators are showing bearish divergence, then we can enter the trade.

Stop loss should be placed near the last month’s high (1.1465) and profit target should be placed around 1.11 levels.

No trade should be placed if there is no bearish divergence performing! Just wait and be patient.

Happy trading!
See you later!

RICO FY