EURUSD is approaching our first resistance at 1.1503 (horizontal pullback resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.1443 (horizontal pullback support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance...
EURUSD is approaching our first resistance at 1.1504 (76.4% Fibonacci retracement , 61.8% Fibonacci extension , horizontal swing high resistance) where we might see a drop in price to our first support at 1.1451(61.8% Fibonacci retracement, horizontal pullback support, 61.8% Fibonacci extension). Stochastic (21,5,3) is also approaching resistance and we might...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.145. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.1535. Set the stoploss of these orders at breakout of S2=1.144. 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=1.145. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.1535. Set the stoploss of these orders at breakout of S2=1.144. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
EUR_USD: Euro is now ready to move up after consolidation. Buy at the pull back or break-out
The EURUSD seems to be preparing for a short pullback and retrace the rally between 1.1289 through 1.1450 levels lately. It is seen to be trading at 1.1435/36 levels for now after hitting 1.1440 levels today. Ideally, it should remain below yesterday's high at 1.1450 levels and continue drifting lower in a corrective manner. Looking at the short term wave counts...
EURUSD is approaching our first resistance at 1.1454 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal overlap resistance )where we might see a drop in price to our first support at 1.1389 ( 38.2% Fibonacci retracement , 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1405. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1455. TP4: R2=1.1485. Set the stoploss of these orders at breakout of S2=1.139. 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=1.1405. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.145. TP4: R2=1.1485. Set the stoploss of these orders at breakout of S2=1.139. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
The EURUSD turned track on Friday last and seem to follow up with intraday highs at 1.1444 levels yesterday. Looking at the short term wave structure, it appears that EURUSD might have completed a lower degree impulse wave between 1.1289 and 1.1425/45 levels respectively. Ideally this could be followed by a 3 wave corrective drop, which could drop until 1.1340...
EURUSD is approaching its resistance at 1.1454 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it may reverse down to its support at 1.1392 (38.2% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
EURUSD is approaching our first resistance at 1.1446 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal overlap resistance )where we might see a drop in price to our first support at 1.1266 ( 78.6% Fibonacci retracement , 61.8% Fibonacci extension, horizontal swing low support ). Stochastic (55,5,3) is also approaching resistance and we might...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1405. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1455. TP4: R2=1.1485. Set the stoploss of these orders at breakout of S2=1.139. 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=1.1405. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1455. TP4: R2=1.1485. Set the stoploss of these orders at breakout of S2=1.139. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Bullish engulfing identified by NCH software. TDI confirms long position.
On the chart, we see a sharp rise in the pair after reaching the level of 1.1300. Now the pair was able to reach the level of 1.1410 from which growth was slowed down. We believe that the pair will strive to go into correction, as it is now trying to consolidate below this level. Therefore, we advise you to take short positions in the pair and set take profit...
The EURUSD might have taken most bearish traders by surprise on Friday, having staged an impressive rally exceeding 120 pips from 1.1289 lows. It is still trading comfortably above the 1.1400 mark, but short term pullbacks maybe due. The daily chart has produced an Engulfing Bullish candlestick pattern as well, indicating a potential change of direction from here...
Correction after Fridays rally may reach 1380/70 or 1350/40 and we should see another leg higher towards 1480+