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EURUSD LONG

by Jordon M, January 3, 2022

EUR/USD H1 Technical Analysis

by Jordon Mellor January 3, 2022

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EUR/USD

|

Long

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H1

Timeframe:

H1

Analysis Method:

Technical Analysis

Analysis:

Has had a strong move right into a demand zone, can see the price sitting steady throughout the Asian session today, then moving higher later in the day.

Trade Plan:

Wait for another test of the demand zone, upon the test, once we go green again trade to the upside.

Risk Management:

Risking 0.15% of the account on this trade.

Things To Watch For:

Keep an eye out for a straight break of this zone, the daily candle produced a strong engulfing candle.

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