EURUSD Market Commentary – 5-3-2020

Hello everyone! This post is covering the EURUSD with the Professor Setup and Pure Price Action Technical Analysis

  • EURUSD H1 Timeframe
  • Overall in a long trend – best to buy on corrections
  • Buy Zone: 1.09712
  • Sell Zone: 1.101463 (if you prefer to trade based on short intervals) if candle body breaks, avoid shorts
  • Breakout Trading:
  • Long Entry: 1.101463 – Target Range: 1.103904
  • Short Entry: 1.09712 – Target Range: 1.094308
  • EURUSD H4 Timeframe
  • Overall in first leg of long trend – buys are preferred currently but we may see further correction, creating a sideways or new defined range
  • Buy Zone: 1.096147
  • Sell Zone: 1.103879 (if you prefer to trade based on short intervals, enter on shorter timeframes) if candle body breaks, avoid shorts
  • Breakout Trading:
  • Long Entry: 1.103879 – Target Range: 1.114823
  • Short Entry: 1.096147 – Target Range: 1.089069
  • EURUSD D1

Cheers to another successful week!

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