EURUSD is testing its resistance at 1.1622 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse down to its support at 1.1556 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Uptrend has started after resistance was broken, the price may retest resistance zone.
Buy! The upper boundary of the M15 up channel is your price target
The EURUSD pair has raised to 1.1570 levels since printing lows at 1.1432 levels earlier this week. Please note that the pair has taken out price resistance at 1.1550 levels and is now seen comfortably trading into the buy zone of the immediate trendline resistance. Looking into the wave structure, we believe Waves A and B are now in place with Wave B termination...
Hi, this time a little bit different approach. Please check two channels visible on the chart and what has happend after the false breakout ( within the first one )... Trying tiny ( tiny as dollar is under pressure ) short in between 1530/40 with stop as two consecutive hourly close above 1565
Bearish Cypher Pattern. R/R for 1st target is 1:1
At the moment, we are seeing that the pair found the support level at the mark of 1.1450 and adjusted to the level of 1.1510, after which it went down again. Yesterday, the US dollar slipped sharply during the American session. We saw a correction in almost all pairs linked to the dollar. Now we can say that the downward movement will continue. It is possible...
The EURUSD dropped lower towards 1.1432 levels yesterday before pulling back sharply. The intraday drop got traders caught unaware and many might have gotten on the wrong side of the trade. Believe it or not, that low could be the last low for Wave B to terminate and it could stay intact for several weeks to come. Also please note that initial resistance has been...
EUR/USD looking to retest the 50MA, MACD crossing over towards a buying signal and 50MA is also placed perfectly aligned with the 1.1538 resistance.
Green level: It's a supportive price response Red surface: A resistance that can hinder the ascent of prices Orange surface: Brittle surface It is expected to fall to the red area ...
The EURUSD pair had dropped to marginal fresh lows yesterday to 1.1460 levels before pulling back. This case was presented as an alternate scenario, and still 1.1450 cannot be ruled out, before the rally could resume. Please note that if EURUSD manages to get past initial resistance at 1.1550 from here, it could a confirmation of a meaningful bottom already in...
I have just closed my previous EURUSD short for a 3% gain. This pair is still very much in a bearish run - I am looking for a pull back before more bears enter the market. The Italian budget watchdog is likely to reject the Governments fiscal plan, adding to the weaker Euro sentiment
The 1.1510 1D support was crossed and the previous 1.1510 - 1.1850 neckline of the Inverse Head and Shoulders broke to the downside. An aggressive 1D Channel Down has emerged (STOCHRSI = 14.924, STOCH = 5.811, Williams = -94.398) which is aiming at the 1W support = 1.1300. Our TP remains 1.1450 and the upside is limited to 1.1590.