After breakout of trendline and throwback movement, EURUSD looks like starts to its bullish move.
Analysis: 1. Daily trendline broke and retested. 2. Daily resistance retested. 3. Daily Fibo 38% retested. 4. 2H is not showing stop hunts but a clear jump on bullish .
ERUSUD is approaching its support at 1.1295(horizontal swing low support, 61.8% Fibonacci extension, 50% Fibonacci retracement) where it could potentially bounce to its resistance at 1.1380 (50% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses...
EUR/USD rallied yesterday, breaking the 1.1390 (S1) resistance level (now turned to support) and tested the 1.1430 (R1) resistance line, stabilising during the Asian session below it. We could see the pair correcting lower today as the RSI indicator is over the reading of 70 in the 4 hour chart, implying a rather overcrowded long position for the pair. Also...
EURUSD is currently at very indecisive situation, because its on the roof of the daily trendline which should indicate further movement for EURUSD. If its breaks + retest the trendline, we could see push to 1.14000 --> 1.14800 and the last target for longterm outlook is 1.15400 daily resistance. I'm more for long of EURUSD now as I see dollar struggling futher...
EURUSD formed global falling wedge -reversal pattern nut question we will go to test support line of the wedge or no. Also we moving in down trend channel and I think we will touch resistance line of this channel. The movement depends on whether we break the line of resistance and consolidate above or not. Nobody canceled false breakup. If we do not break then we...
WELCOME TO DACAPITAL-TRADING! EURUSD FOREX BREAKDOWN 19 MAR 2019 1 HOUR Strong bullish movement and instant reaction at our levels! 4 HOUR Very strong bullish price movement last two weeks, we need a pullback now! DAILY Bearish moving market with several pullbacks of over 50-60%! PULLBACK SETUP SELL EURUSD ENTRY @ 1.13610 SL @ 1.14255 TP @ 1.12875 (Use...
My previous analysis i wrote the following: Ideally we see it drop towards the 1.122, making a higher low there and then seeing a big strong counter move straight through that resistance around 1.128. That would make it a false breakout once again, just like the ones i caught a few months ago. Those other times, we saw mostly SHORT on the EurUsd page here on...
REASONS TO SELL: For a few days it struggles to get long. 4h box broke below. Price crossed 50-78 EMAs
EURUSD is approaching its resistance at 1.1362(100%Fibonacci extension, horizontal swing high resistance, 76.4% Fibonacci retracement) where it is expected to reverse down to its support at 1.1292 ( 38.2% Fibonacci retracement,horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance where a corresponding reversal is expected. Trading...
The price is at the resistance zone formed by the downtrend line, SMA50 and SMA100. The price action in this zone will give us an insight into further market movements and possible trading opportunities based on the daily and hourly timeframes. If the price bounces from the resistance zone, the market will continue the downtrend. Short trades can be opened based...