EUR/USD Technical Analysis
- ATR range is 1.0535-1.0682
- EUR/USD bullish ascending scallop pattern
- We should see a move up om Daily TF
- Final swing target is 1.0775
MEGATREND MAs: Bullish
D1 Chart EUR/USD
- Ascending scallop pattern start
- Established low
- Continuation
- New entry zone
- Swing target
The EUR/USD has been volatile in the last 14 days, making 102 pips of the ATR. Each pair which is higher than 100 pips in the ATR(14) is considered to be volatile. The intraday predicted range is 1.0535-1.0682. We will see if the bulls will make it to the target.
Ascending scallop pattern is showing signs of domination in the D1 timeframe. We might see a continuation of a bullish move in the zone that I marked with 4. That’s 1.0620-30. The first target is the ATR projection high while the final target is the Q H5 at 1.0774. Expected volatility should be enough for the ATR target today.
This analysis, all the patterns and all entry signals and targets are a part of the Megatrend system and a trading course. My Telegram group recently received 1 long signal on EUR/USD.
Cheers and safe trading,
Nenad
Summary of November trading results is HERE (click to see)
Cheers and safe trading,
Nenad
