EURUSD is approaching our first resistance at 1.1468 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1353 (horizontal overlap support, 50% Fibonacci retracement). Stochastics (89,5,3) is also approaching resistance and we might...
Descending Channel and fib retracemnt from the previous run higher. Nice entry for a short position.
The EURUSD bulls seem to be in control for now and also remain poised to push higher towards 1.1500 levels at least. After having rallied almost 200 pips from last weeks' low, EURUSD is trading above 1.1400 levels for now, very close to the trend line resistance seen on the chart here. Please note, that a push through the resistance line could be encouraging for...
The Breakout Opportunities system has just bought EURUSD at 1.14216. The system recommends entering this trade at any price between 1.13965 and 1.14387. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.22279, suggesting that the EURUSD may have further to rise. A stop loss has been set at the...
The 1D Channel Down eventually made a Lower High (RSI = 49.851, MACD = -0.004, Highs/Lows = 0.0000) a little higher than the projected 1.1400 0.618 Fibonacci retracement. This is a good short opportunity nonetheless for at least 1.11515 Lower Low based on the previous Lower Low sequence (blue dashed line). Our new long term targets are 1.11765 and 1.11085 in...
EURUSD reversed off its resistance at 1.1418 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 1.1353 (38.2% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
EURUSD is approaching our first resistance at 1.1434 (76.4% Fibonacci retracement, 100% Fibonacci extension, descending channel resistance) where a strong drop might occur pushing price down to our major support at 1.1184 (100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (21,5,3) is also approaching resistance we might see a corresponding drop...
Why we are no longer shorting this market Weekly has false breaks Daily has corrective cycle Bullies divergence Bulls are at play here, (Short or long term not sure) We are waiting for a deeper corrective cycle or a range (Short term we are looking for buys, Even if we are going to clear extreme lows)
The euro, on the positive statistics of Germany and mixed dollar data, was able to rebound from the monthly lows. Again going into the framework of the previously defined triangle. His upper resistance is not broken, which indicates entry into a flat at this stage and not a transition to growth. In this connection, this week we can expect a rebound and a test of...
Hi there. As we predicted last week eurusd is moving to the upside, don’t worry if you are not in, there will be a lot of opportunities to enter into the market. Wait for the price to complete the continuation pattern that it’s forming and watch strong price action for buy.
Good evening guys, as highlighted in the analysis of DXY () the pullback of the Dollar is almost over and it is ready to start up again. The Eur / Usd couple is already in an excellent sell zone, as reported. I think the drop will start Monday / Tuesday so get ready ;)
On our graphic we observe that pair stopped falling and at the moment begins the ascending movement. The pair overcame mark 1.13 and continues to grow. Technical indicators have deployed and indicate purchase. We believe, ascending movement will be continued and the pair directs to marks 1.14 and 1.1460. Therefore we advise to look for points for an entrance on...
Mixed US data overshadowed by political jitters in the UK. EUR/USD hovering around 1.1300 with no life of its own. The pair is trading around 1.1290, right above the 23.6% retracement of its latest decline, and, in the 4 hours chart, a few pips above a flat 20 SMA. Technical indicators in the mentioned chart have pulled back from their daily highs but...
EURUSD is following a simple fibonacci sequence. Great short setup coming in the following days!
The 4H chart for EURUSD is suggesting that the pair might have formed a meaningful bottom at 1.1216 levels. It has managed to push through 1.1350 levels and is seen to be trading around 1.1325 levels at this point in writing. It could be too early to confirm a bottom but a push through 1.1500 levels would certainly be encouraging for bulls and also a confirmation...
EURUSD is approaching our first resistance at 1.1358 (horizontal pullback resistance, 100% fiboancci extension, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1187 (61.8%, 100% Fiboancci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might...