Eklavya - EURUSD
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Thread: Eklavya - EURUSD

  1. #1
    I'm starting this weekly thread so I can post my weekly analysis of EURUSD. I am going to use my analysis for making up my prejudice for the subsequent week. Please don't hesitate to comment on my analysis. I guess having another perspective is only going to be better.

  2. #2
    EURUSD fell back to the ideal shoulder following a failed breakout of this Inv H and S pattern. The pair was merging in the area to get a past couple days. At the upcoming week, the pair must again begin approaching the ideal neckline. The subsequent two daily candles will be crucial in how the week will play out. When we see rejection of lower degrees, the pair will be placed to get an upmove.

  3. #3
    I will be looking to go long . The pair appears to be rejecting lower levels last week. Last week proved to be a pinnish bar and the price came off the support levels.

  4. #4
    Pair has dropped of Keltner station low three months ago and is near the top station limit. It's near the upward resistance of 1.4967. In case the pair breaks through this resistance, its northward travel should continue. On the daily chart, the pair has broken through the neckline of a reverse H and S pattern. The price is also hovering near the 78.6 Fib Level. In my view the price should test the neck line and close above the 78.6 Fib level.

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