6E. EUR/USD. 20 MAY.
Have a great Thursday guys. As I wrote in my last post “the possibility of the impulse ending or at least pausing is also there, as we are at serious resistance levels.” In the end, the resistance did indeed trigger, selling activity occurred. And as I said, if the level of 1.2247 will not be passed, we will buy from 1.2200 with the target of 1.2237. Pay attention to how accurately our target (red level) worked out.
Today I do not have enough time for analysis, so I’ll do a quick express analysis, so I recommend not to trade today with inexperienced and unsure traders.
If we will approach 1.2144 crawling, showing something like a thick saw, you may carefully buy from this level with the target 1.2165, but it is better not to do that.
We buy from 1.2125 with the target of 1.2157.
Sell from 1.2214 with the target 1.2180
If there will be sales at 1.2200, it is possible to carefully sell from there with the target 1.2170.
If the price moves steadily up to 1.2214 on the volume, and there is no selling there, then sell from 1.2237 with the target 1.2214