WEEKLY TRADING COMMENTARIES FOR 5th AUG- 9TH AUG
Home / Commentary / WEEKLY TRADING COMMENTARIES FOR 5th AUG- 9TH AUG
WEEKLY TRADING COMMENTARIES FOR 5th AUG- 9TH AUG

EUR/USD
Analysis Framework - Market Condition , Level , Confluence and Signal .

StrategiesPrice Actions Trading-Market Condition- Bullish Trend that plateau into Ranging Market  

EUR /USD -The pair has been predominantly in a Bullish trend that plateau into a ranging Market.

The ranging market condition was played out technically for a longer periods. Ranging between 0.6676- 0.9394.

We were anticipating a short term bearish into the event areas where will can look for a bullish signal to validate our bias of the dominant trend. The market aggressively push back into bullish mode at the top of the event area zones .


Key Level/Support & Resistance-   1.08672. and - 1.09535-1.10642


Price Action- The market rally downward and reversed aggressively at the top of the event zone areas. .

Anticipation- We are anticipating a short term pullback into the near term support zone at 1.08701 region, because most aggressive moves always pullback a bit before continue with the dominant moves. A price action or blind entry can be anticipated to enter the trade.

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