The pair has been on a 3 month sideways trading sequence as seen on 1W. The fact that it just turned marginally bearish (RSI = 39.515, MACD = -0.009, Highs/Lows = -0.0040, B/BP = -0.0179) on the top of the long term Buy Zone (1.1215 - 1.12685) presents an opportunity for a medium term buy. If the set-up on 1D stays a standard Channel Down (RSI = 35.597, Highs/Lows...
Needs to get back above 1.13 and hold ASAP or ill be exiting, if it can pull that off ill ride it to 1.138xx Will be getting back into a short position near that area.
The EURUSD dropped lower below 1.1320 levels early today but is seen to be bouncing back. This could be an ideal demonstration of what sideways or consolidation may seem like. The EURUSD has been oscillating in a consolidation between 1.1270 and 1.1500 levels broadly since last several weeks. As we have been discussing earlier, the bias may be on the north side...
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
EURUSD is approaching our first support at 1.1295 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement, ascending channel’s support) where a strong bounce might occur pushing price up to our major resistance at 1.1402 (horizontal pullback resistance, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where...
EUR/USD is looking very volatile and the direction of this trend could be either way
EURUSD is now back on the bottom of supportive trend fib and line as I stated in the idea after NFP. We are also in the final kill zone for EURUSD between 61.8 and 78.6 Price reversal zone (Below that zone, trade is inactive). That indicates me that we can go to very upside to the top of the channel. Our second target has a lot of confluences why it should been...
A strong bearish move for EURUSD, its low risk and high returns. For all traders who shorted it, congrats! I personally missed the initiate movement of the pair, however, I managed to get in together with GBPUSD, which see a growth of about 8% for week 6 in my overall equity. For week 5's analysis, we expected a bearish move for week 6, which happened in the...
Pattern: Channel Down on 4H. Signal: Short. Target: 1.12890 = the 1D support.
The EURUSD continues to consolidate and oscillate between the broad trading range between 1.1300 and 1.1500 levels. It is seen to have found support at 1.1324 levels yesterday and is trading around 1.1340 for now, ready to launch higher from here. Structurally, the EURUSD pair is most likely unfolding as an expanded flat since 1.1300 levels in mid August 2018....
The Breakout Opportunities system has just sold EURUSD at 1.13377. The system recommends entering this trade at any price between 1.13217 and 1.13618. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.38532, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour...
When a downtrend increases its vol, it tends to be a double-edged sword. On one hand, it allows an acceleration in profitability as the moves are more expansionary in nature. Prove of that is the breakout of the channel bottom-side during the last European morning. However, notice that the rebound has been equally vol and impulsive before liquidity dried up?...
The sentiment of EURUSD currency pair is UP SWING. Recent swing is moving UP from lower band to middle band. The previous swing of EURUSD currency pair was DOWN and had no volatility movement, so supply is decreasing. As market direction the sentiment has turned to positive while the buying pressure overcomes the selling pressure. The execution of buying price at...
Hello Traders, $EURUSD is stuck in a large consolidation. Currently we have a high probability sell set up at 1.147~~. From there, my model has defined 1.13360 as the first high probability target and 1.13017 as a high probability reversal. Mind the triangle forming here before a large impulse. See the related idea for a larger picture of what is taking place.
-EURUSD price rebound because of DXY index: DXY index reached the next resistance(96.7) and the price don't break this resistance. -The USD will going to weakening again and the first target is the previous low value on EURUSD: 1.136. -If EURUSD break this resistance zone, the price can go higher. -The price respected 20 day MA 3 days ago. -RSI is at oversold...
The pair continues to decline after reaching the level of 1.15. Technical indicators have turned in the direction of sales and on the chart we are seeing a movement that is not stopping so far and the pair is at the support level of 1.1345. It is quite possible scenario that the pair will go into a correction after reaching the level of 1.13. However, at the...
The EURUSD has retraced more than 60% of its recent gains between 1.1289 through 1.1514 levels for now and is seen to be trading around 1.1360 levels. We again present the daily chart wave counts here: The EURUSD dropped into 5 waves impulse between 1.2550 through 1.1300 levels earlier. Since then, it has been consolidating into 3 wave structures and the most...