EURUSD will have short term pullback after a strong rally?

 

EURUSD will have short term pullback after a strong rally?

Queenie Wu                               1 Sept 2020 (21:45 HK)

 

EURUSD交易區：考慮支持和阻力：1.20110 – 1.18466 

 策略：在關鍵支持和阻力之間波段交易。在較高的timeframe（D1）中看趨勢方向，並使用較低的timeframe（H4）入市。

 “Euro has rallied rather significantly during the trading session on Tuesday.  It reached 1.2 level, a major resistance level.  As it was overbought, we are expecting a pullback to happen?  In the longer term , the Federal Reserve is going to pump more liquidity into the market, which of course will work against the value of the US dollar.”

 Be careful, EURUSD is on a strong increasing trend in recent weeks.  The pullback may last a short period of time only.

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 看跌走勢:

 

H4圖表：

TMA通道的頂部回落 (1.19796)，強阻力位。

Supply zone在圖表中以紅色顯示。

第2枝4H圖陰燭形成中。

穿過通道頂再次進入TMA通道!

隨機震盪指標Stochastic Oscillator達80以上。

Schaff Indicator已經觸及最高水平預備向下。Bearish reversal很可能發生。

 

(Technical indicators turned bearish.)

 

(The current Pivot level is at 1.19288.  )

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預期方向：DOWN

 

入市點：賣出1.19602 (R1 level)；

 

TP1: 1.19360  TP2: 1.19288 TP3: 1.18974

SL: 1.2011

 EURUSD h4, bearish candles are under formation

 

EURUSD H1, reversal trend just started