EURUSD is approaching its resistance at 1.1423 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal overlap resistance) where it may reverse down to its support at 1.1350 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 93% where a corresponding reversal may occur.
EURUSD is approaching its resistance at 1.1514 (100% Fibonacci extension x2, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1.1365 (100% Fibonacci extension, 50% Fibonacci retracement, Horizontal swing low support). Stochastic (34, 5, 3) is approaching its resistance at 95% where a...
looks good for short. also price at same location with my other analysis at 3 weeks ago Good luck, -YusufDeli
We have here a good level double layer squeeze! Shown by the black and red line are pinching at prices right now. This and also with the European protest spreading, I can only see the EURO further sinking within the next couple months. Either scalp this move or hold out for the lobger term!
Hi there. We are looking for a strength on EURUSD, but price is still in the reversal pattern and on lower time frame keeps forming continuation patterns to the downside. For medium – longer term, wait for the price to hit the bottom of the pattern and watch strong price action for buy. For short term, price is forming a continuation pattern to the downside, so...
On the chart, we observe that the pair is corrected after a sharp drop and during today's trading still remains flat. The trading goes below the 1.1410 mark and technical indicators point to a sale. Despite the sharp increase in volumes, we believe that the downward movement will resume. We advise you to look for points to enter short positions, considering the...
EURUSD broke out quite sharply yesterday - i am expecting this market to test prior lows since we have momentum weakness all across the board and overall the market is bearish trending from 2017. I am looking for lower degree time frame corrections to build shorts. Keep a close eye on this market. Trade Safe!
The EURUSD corrected sharply lower yesterday from sub 1.1500 levels, and went on to print lows at 1.1306 levels, dropping more than 1%. The single currency is seen to be trading around 1.1365 levels at this point in writing, looking to resume its uptrend soon. Please note that the wave structure of the drop looks to be corrective in nature and that bulls are...
Stopped out of previous trade, re enter double top and bouncing off final gann angle.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1375. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.1305. TP4: S2=1.127. Set the stoploss of these orders at breakout of R2=1.139. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1375. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.1305. TP4: S2=1.127. Set the stoploss of these orders at breakout of R2=1.139. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
The 1D Channel Up made a Higher High at 1.1547 and the price is now technically pulling back (RSI = 51.481, Highs/Lows = 0.0000) in order to price a Higher Low. This sequence should be completed on a -1.81% decline, which puts the target at 1.1337. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments...
plenty of reasons why this trade should be taken as shown in the chat and with no news reports due to be released to Wednesday this should be a good trade to take place.
I know there are a lot of rumors now. And almost all of them are related to Mr. President – Trump. Well. I think January will be even more funny. But remember, it’s only noise. None of them will have immediate effect on the markets or be able to change money flow nearest time. However, let’s talk about the hottest topic. Next month Pakistan will be launching Yuan...
On the chart, we see that the pair again tried to overcome the level of 1.1460 and then returned below this level. We believe that the downward movement on the medium-term chart will resume and we will see how the price will head towards the 1.14 and 1.1370 levels. Therefore, we advise you to enter the market for short positions and set take profits at the above marks.
The EUR/USD first daily review reveals that the currency exchange rate was standing at a strong technical support cluster at 1.1420. The cluster was made up of the 100 and 200-hour simple moving averages and the weekly pivot point. The rate is either going to clearly bounce off the mentioned support clusters and surge up to the 55-hour SMA at 1.1450 and...
The EURUSD rally should continue higher through 1.1800/20 levels from here, before any meaningful retracement could take place. Looking at the wave structure, a potential expanded flat (A)-(B)-(C) could be unfolding since 1.1300 lows earlier. More specifically, Wave (C) could be underway from 1.1270 levels and ideally should produce a 5 wave rally at least towards...