FX.co ★ Farhan Ali Shakir | EUR/USD

Analysis of EUR/USD: Hello Everyone! Moment the request opened with no surprises, the price in the Asian session was suitable to correct to the north, but now the merchandisers are again pushing the price to the opening of the day. Our plans for the southern movement coincide, although there’s no special news moment and we can champ on the sideways all day. As I’ve said many times, when working out the southern script, I’ll keep the support position at 1.07129 at gunpoint. There will be two scripts for the development of the situation near this support position. The first script is associated with the conformation of a turning candle and the resumption of growth. However, I’ll stay for the price to move towards the resistance position, which is at 1.10328, if this plan is worked out. Still, I’ll expect farther northern movement, up to the resistance position, if the price fixes above this resistance position 1.11848. Near this resistance position, I’ll stay for the conformation of a trading setup, which will help determine the farther direction of trading. Of course, the price may be pushed further northward, but then it’ll be necessary to look at the situation. Everything will depend on what kind of news background will pour on one with the price movement. However, when the price approaches the support position of 1.07129. If there will be a rout and a confident obsession with it, also I’ll stay for farther southward movement. Here, the reference for the downcast movement will be the support position, which is located at1.05160. Near this support position, I’ll continue to search for northern signals, in expectation of a recovery in the price movement overhead. In short,