EURUSD print a lower low at 1.1305 levels today before pulling back, and is at 1.1320/25 levels at this point in writing. We discussed probability of EURUSD dropping to 1.1312 levels before resuming rally and if this is the case, it could be safe to assume that the lower degree wave ii (highlighted on the chart presented here), terminated at 1.1305 levels. Looking...
We were correct last time when we expected 1,12 to hold ( check it here ) Are bulls strong enough to hold 1,13 this time ? If yes we may see rally twds 1,1500/50. On the other hand break and daily close below may expose 1,1200/1180 and even 1,10. All in all 1,13 is key not only from intraday but med term perspective ( in our opinion )
UK100 is approaching its support at 6860 (23.6% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 7193 (100% Fibonacci extension , 38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is approaching its support at 8.7% where a corresponding bounce could occur.
EURUSD is approaching its support at 1.1189 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1374 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 1.2% where a...
Price is at big time frame support i entered long position at 1.1330 however with smaller size because i'm still hoping for 1.2080 I have long order at 1.1208 unfortunately it didn't trigger. Stops have to go below 1.120
The price is being trading inside a 4H Channel Down (Highs/Lows = -0.0010, B/BP = -0.0014, RSI = 45.330) that has just posted a Lower High at 1.1384. We have a clear Resistance at 1.1500 and a support at 1.1300, which is where the price is trading towards. Since 1D remains on Lower Highs (MACD = -0.003, B/BP = -0.0011) even though it has marginally broken the...
The EURUSD dropped yesterday towards 1.1327 levels before closing the week at 1.1335 levels. Please note that potential remains for a drop towards 1.1312/15 levels, before resuming rally. Looking into the short term wave counts, it seems that a lower degree waves i and ii might be in place with wave i terminating around 1.1470/75, while wave ii at 1.1327 levels...
The EURUSD daily chart remains more or less unchanged from what was discussed last week. It is quite possible that a higher low was formed on Friday at 1.1327 levels, or it could drop towards 1.1315/20 levels before the rally could resume. Looking at the short term wave counts, a lower degree waves i and ii could be in place as labelled here, and wave iii could...
At the moment we observe that the price is in a correction and technical indicators are trying to turn around. Although the price is still in the lower Bollinger band, and Stochastic is still in the oversold zone. We believe that the price will go to the level of 1.14, which is the next resistance level. In case of breaking through this level, the price may move...
EURUSD is approaching our first resistance at 1.1365 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.1186 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastics (89,5,3) is also approaching resistance...
My idea continues from my previous EURUSD idea. With a short movement from its current price down to its previous low.
EUR/USD looks like it will continue its downtrend after a possible retest of structure, depending on the market sentiment when we open. RSI displays that we are oversold, so I would expect a retest of structure before we continue down.
week 11/26-11/30 EUR/USD -This week we may see a retest of 1.1400 area. From there we may hit out YELLOW strike zone. off a 3rd strike off trend line to a short position. Target: 1.1300 Short term bias SHORT If fufilled: then looking to go long (see chart) LONG TERM BIAS: Long (see DXY) if we reject off 1.1300 we may have a correction to 1.16 or beyond. stay...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.