Still Bearish
EUR_USD: A bullish Euro could go another move to the upside. This flag could make it the Euro up again. Buy at the first bounce for a more higher move to the upside.
Hi there. Price has moved impulsively from the bottom of the pattern to continue with the up move. If you are not in, wait for the price to form a continuation pattern on a lower time frame and watch strong price action for buy.
On the chart, we see a corrective movement of the pair from the support level near the level of 1.1300. The pair has been falling for two weeks and we believe that the medium-term downtrend will be extended. Now the pair is wedged between the levels of 1.13 and 1.1345 and goes to the top marks. We suppose that after testing this level, the price will go down...
EURUSD is approaching our first support at 1.1286 (horizontal swing low support, 100% Fibonacci extension 78.6 % Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1421 (50% Fibonacci retracement , horizontal overlap resistance). Stochastic (55,5,3) is also approaching support and we might see a...
EURUSD is approaching our first support at 1.1291 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1426 (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching our first support where we...
FOREXCOM:EURUSD INDEX:DXY EU 1st quarter target = 1.15 2nd quarter target = 1.13 3rd quarter target = 1.13 4th quarter target = 1.12
The 1D Channel Up has been crossed to the downside (RSI = 39.609, Highs/Lows = -0.0089, B/BP = -0.0094) so the medium term trend has switched to bearish. A 4H Channel Down is emerging (RSI = 33.061, ADX = 22.775, Highs/Lows = -0.0048) pointing towards a 1.1286 Lower Low. If that spot breaks then the price may aggressively search the 1W Support on November's 12th...
Analysis on the EURUSD daily spread He stepped out of the descending channel and fell into a bullish channel. If I respect the bullish trend and support it at 1.304 He is a candidate for a strong rise and the closest goal 1.148, 1.151 ...
The EUR/USD pair did not manage to break through the technical resistance at the level of 1.1410 and the price spiked to the downside towards the technical support at the level of 1.1306. The local high at the way up was established at the level of 1.1394 and since then the market is moving down. The technical support at the level of 1.1306 is the key short-term...
EURUSD is approaching its resistance at 1.1424 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it may reverse down to its support at 1.1373 (61.8% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal may occur.
Hello Traders, EURUSD created a new top in early 2018 and has since declined. For the coming year, expect price to rally from the current support level and test the previous resistance at TG 2. Whether we see new highs remains to be seen. As of right now though, expect a rally to a minimum of TG 1. The long term analysis still stands in the related link below....
On the chart, we observe that the pair completed the head and shoulders pattern and moved away from the 1.1345 mark. At the moment, we are seeing a correction of the downward movement and the pair moved higher to the 1.1360 mark. Technical indicators give a sell signal. Therefore, we advise you to take short positions in the pair and set take profit near the...
EURUSD is now struggling whether its gonna go up or down. Explanation: EURUSD touched resistance trendline for a third time and declined it, so we can see one opportunity for sell or we have a bullish bias, when it comes back down little bit and then break+retest the trendline and make some major correction to 1.14200. Daily and Weekly candles shows us that bears...
EURUSD is approaching our first support at 1.1333 (horizontal swing low support, 78.6% Fibonacci retracement, ascending channel’s support) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1421 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching our first support...
USDJPY testing the key areas with price action struggling getting up, however momentum getting weaker across the short term time frames as well, i am expecting that this market may likely fell from here, so keep an eye for a possible short trade. Trade Safe!