{"id":13366,"date":"2023-03-10T09:18:06","date_gmt":"2023-03-10T09:18:06","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13366"},"modified":"2023-05-19T09:20:08","modified_gmt":"2023-05-19T09:20:08","slug":"eurusd-hit-the-first-1-0680-target-how-to-trade-it-next","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/03\/10\/eurusd-hit-the-first-1-0680-target-how-to-trade-it-next\/","title":{"rendered":"EURUSD hit the first (1.0680) Target. How to trade it next."},"content":{"rendered":"<p>The EURUSD pair reached the first target of our long-term trading plan within this multi-month Channel Up:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"EURUSD looking for two support levels\" href=\"https:\/\/www.tradingview.com\/chart\/EURUSD\/zwtrSPLp-EURUSD-looking-for-two-support-levels\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/z\/zwtrSPLp_big.png\" alt=\"EURUSD looking for two support levels\" \/><\/a><\/div>\n<p>Going back to the 4H time-frame in order to formulate some short-term planning, we see the price now testing Resistance 1 (1.06990) that has already multiple rejections since February 20. The 4H MA200 (orange trend-line) is right ahead of it and makes this Zone a strong Resistance Cluster.<\/p>\n<p>Even though the long-term trend is bullish, we have to account for the possibility of a short-term rejection back to the 4H MA50 (blue trend-line) and the 0.236 Channel Fib, especially with the 4H RSI entering the overbought zone, before targeting Resistance 2 (1.0840). The ultimate target on this sequence is 1.1000, right on the 0.618 Channel Fib and below Resistance 3 (1.10300).<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/EURUSD\/1jucQqAY-EURUSD-hit-the-first-1-0680-Target-How-to-trade-it-next\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/EURUSD\/1jucQqAY-EURUSD-hit-the-first-1-0680-Target-How-to-trade-it-next<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EURUSD pair reached the first target of our long-term trading plan within this multi-month Channel Up: Going back to the 4H time-frame in order to formulate some short-term planning, we see the price now testing Resistance 1 (1.06990) that has already multiple rejections since February 20. The 4H MA200 (orange trend-line) is right ahead<\/p>\n","protected":false},"author":611,"featured_media":13367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-13366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13366"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13366\/revisions"}],"predecessor-version":[{"id":13369,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13366\/revisions\/13369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13367"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}