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EURUSD H4 Update - Currently sat on our H4 channel resistance, ideally need to break through this to continue to the upside for a push through our supply zone. May consider taking profit for +27 if we struggle to break this level.
This is a short term long taken in the EURUSD market. Further analysis is located in the attached note.
EURUSD is approaching our first support at 1.1187 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce to our major resistance at 1.1283 (horizontal overlap resistance, 38.2% Fibonacci retracement) might occur. Stochastic is also approaching support where we might see a corresponding bounce in price. Trading...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1325. TP4: R2=1.1345. Set the stoploss of these orders at breakout of S2=1.128. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1325. TP4: R2=1.1345. Set the stoploss of these orders at breakout of S2=1.128. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
I think the pair will continue its moves inside the range which points slightly downwards.
Sorry for my English: EUR/USD weekly, after a big drop and a big range area, we started an upward trend. Will it continue? We rebounded in the week on the important area of the 62% of Fibonacci. If we go back to this one and the price comes down 62% and 66%, then the trend will be clearly called into question. Meanwhile, a purchase on the 62% was a good...
You can see where price has entered our support and resistance zone before and bounced back out of it. This time we are expecting another bounce as price is at this level again, we are expecting price to use this zone or area as support therefore making bullish movement from this level. We have quiet a few news releases tomorrow that will directly target this...
EURUSD inside corrective channel. Look for sells back down to the bottom.
Looking for EU to retrace back to the 61.8-78.6 and then drop. Will be waiting for a daily/4hr reversal pattern to form before going short. If a Counter-Trendline forms I will wait for a break and retest on that.
Expecting third touch of the downtrend line and fib 0,786 before falling down. I'm taking a long position on fib 0.382, I set my tp at 0,786 and a sell limit at this point too for the reversal.
EU Sunday analysis 1.1280 then push to 1.1350, consolidation and then bullish to 1.1420. Long term push to 1.14 level likely after rejection of weekly support 1.12-1.11700
Aaand the losing streak is over! Thanks to a decent signal from EUR/USD, the HLHB is back to black this week. Phew! Before we get to the numbers, read all about my HLHB Trend Catcher System if this is your first time hearing about it! Basically, I’m catching trends whenever the 5 EMA crosses above or below the 10 EMA. A trade is only valid if RSI crosses above...
FX_IDC:EURUSD Expecting EURUSD to bounce around 1.14 to 1.12 until June.
EURUSD moved as expected from Week 15's analysis. It made a bullish move and break into bullish level 3 ending the week with a full bullish move. Traders going long would be rewarded, however, short sellers who caught the dip in the middle of the week would be rewarded as well. In this week's analysis, we see that the pair has gone up to bullish level 3, where...
Price broke major resistance level at 1.1280 (Mp and higher time frame fib). I entered another small long position however i'm hoping prince will come back to retest 1.1285 next week possibly at market open on sunday. Stops have to go below recent low at 1.1250.