The previous analysis worked out very nice with a big dump minutes after i posted the analysis. Reaching the target very quickly and since the low i assumed there was a decent chance for some sideways action, for an upwards correction before the second wave down to the blue circle. So far it's following that plan. At the moment it already broke out from that...
1. 61.8% retracement from the high and a turn from there. (red arrow) 2. Two attempts to break the pink trend line support which failed. 3. H&S pattern completed and neckline held. I am looking for an entry to trade to 1.1750.
EURUSD is testing the base of the multi-sessions bearish channel, overall momentum on higher time frames is shifting so i am expecting that this market is likely to be testing the prior highs around 1.1600 and above. Current area looks good to go for buys or you can wait for 61.8% fib area for buys. Trade Safe! Good Luck.
EUR/USD is close to a TOP ; Short is the ONLY option - 1.16 seems like the most logical place for resistance ;;
The Breakout Opportunities system has just bought EURUSD at 1.14826. The system recommends entering this trade at any price between 1.14748 and 1.14994. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.23316, suggesting that the EURUSD may have further to rise. A stop loss has been set at the...
I remain positive on the outlook for the Euro, if only based on the follow through USD weakness one can expect after the resolution lower in the DXY. I was filled long ahead of the 1.15 last week with a stop below the breakout candle from last Wednesday. Remember, even of an increase in the VIX, vol-targeting funds and the accumulation of the EUR-denominated carry...
Price reached to the cross point between lower line of the channel and 1.14550 level as we mention it in the last analysis from this pair. Price has not gone throw the lower line and bounce up a little bit that could be sign of bullish. The next wave should be the c-wave of a flat and it is also a sign of a bullish trend.
Level of 1.16000 as an important resistance, seems a good opportunity to sell. We have a zigzag pattern to create the b-wave on the way down. we have a support level at 1.14550, this level is also 50% retracement of a-wave. Please remember to like if you are agreed with the idea. Thanks for your support.
I WAS LEARNING NEW KNOWLEDGE FOR ME A VERY USEFUL METHOD HERE IS MY CYCLES READING OF EUR/USD I WANT TO READ UR OPINION
we have a good brake out and a pattern. i think this currency have tree point that can touch them. 1- 1.1561 2- 1.1618 3-1.1792 i'm waiting for buy position.
Range Violation in blue on left hand side led to test of upper range. Range Violation in blue on right hand side should repeat. Targeting a full retract @ 1.13067
DXY on level to go down EXY on level to go up EURUSD must go up tech is good for this.
At the moment we are seeing a correction. The pair rushed to the support level around the 1.1440 level, from which we expect a reversal. Taking into account global trends to weaken the reserve currency, we believe that the upward movement will resume and the pair will reverse from the above mentioned support level. Therefore, we advise you to look for points to...
This analysis shows both the short term and medium term dynamic of EURUSD. On the short term it is trading on a 1D Channel Up which is currently neutral (RSI = 53.178, CCI = 44.7207, Highs/Lows = 0.0000) as after making a Higher High last week at 1.1572, it is now pulling back to price a Higher Low at or close to 1.13400 based on the Higher Low sequence. On the...
EURUSD bounced nicely off its support at 1.1452 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal swing low support) where it could potentially bounce to its resistance at 1.1570 (Horizontal swing high resistance). Stochastic (55, 5, 3) is bounced off its support at 4.3% where a corresponding rise could occur.
EURUSD is approaching our first resistance at 1.1487 (horizontal overlap resistance, 61.8% fiboancci extension, 23.6% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1433 (Horizontal swing low support, 38.2% fiboancci retracement). RSI (89) is also approaching resistance and we might see a...