Trade77; EURUSD Technical Update 7pm


Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

We are in confusing days for EURUSD and I’ve seen many traders and popular sites have called going short EURUSD now and many of them have called long setups as well.
Here I want to note that just follow someone that you’ve followed him for a long time. Just read his reports and technicals and at last do what you think! Do not follow blindly!

Here I want to write a short update for this pair as I can see a good H4 trendline:

If you want to go short just be patient and wait for this trendline and 20sma to be broken and then go short. And if you want to go long then wait for a daily candle to close completely above 1.3500. My bias is more bullish here and I expect 1.3700 can be touched by the pair after closing above 1.3500. Keep it tight and trade what you see not what you expect!

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.

Regards

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  • Sayed Shazad Haider

    Thanks Mani
    its wonderful article and you are right we should firstly educate enough to understand
    the technical analysis and to follow someone blindly is not wisdom atall. This what I have
    done many times and lost so much then in order to understand market I worked hard to understand the japense candles and thanks God everything is right now.

  • Anonymous

    Hi Stein, Thank you very much. You really made me happy by your comment.
    It’s my pleasure that I have intelligent readers like you.
    Yes EURUSD is struggling there but yesterday’s price action was strange as almost every currencies plunged against Greenback but EUR didn’t. We have to wait and see what price action are going to tell us.

    Thanks

  • Stein G

    Hi Mani, Thx again for very good analysis, and it works most of the time. Will mention that I used it in my view on the last days Kiwi and Assie, and bagged respectly 175 and 80 pips on these last 2 days. I think you are right on the ED, and it is struggling at resistance. Need to wait and see break or retracement now. Also like your sober reminder of dont follow anyone just because you did in the past, it works out most of the time. I put a lot of time into doing my own evaluations, but find your some of the best on the net. Keep up buddy. This is good ! Cheers, Stein