The EURUSD consolidation could be into its last leg now with a potential top in place at 1.1689 levels for now. Immediate price resistance is seen at 1.1713, followed by 1.1725 levels respectively and till the time prices stay below, we could expect bears to remain in control. As an alternate count, a clear break above the consolidation resistance line, would push...
EURUSD is approaching our first resistance at 1.1739 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1663 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also...
AUDJPY is approaching its resistance at 81.82(100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 80.73 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur. We have also...
Sellers are getting more and more aggressive on the current price level where the uptrend is located at. This indicates that we may soon have a potential uptrend breakdown and have the price going the other way. Potential massive profits to be made if this scenario comes to life, because we would catch the very top of the reversal. Trade safe!
Enter ~ 1.170$ TP ~ 1.158$ Stop ~ 1.174$
As for me currently, we have good opportunity to earn pips on this pair. What makes me feel that this could be interesting. Honestly, my suggestion is based on 2 factors. First is that technically I see a reversed "H&S" (green) ( in a large "H&S" (red) and I expect that small will form the right shoulder), also there is a bullish divergence on MACD and StochRSI...
Currently we see that the price returns to the previous level of resistance. Taking into account the technical indicators data, the ascending movement is gaining momentum. Considering the dollar trends this week, we believe that the pair will be strengthened. Therefore, we advise you to look for points for entering long positions and consider your goals on the...
The EURUSD consolidation continues for now with the entire area highlighted within a rectangle on chart presented. Please note that the drop from 1.1733 to 1.1526 and subsequently rally through 1.1722 look like an a-b-c wave structures respectively. With each day passing within the consolidation range, probabilities of a complex corrective structure increases. A...
EURUSD is approaching our first support at 1.1613 (horizontal overlap support, 61.8%, 100% fibonacci extension, 61.8% fibonacci retracement, short term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1732 (horizontal swing high resistance, 61.8% fibonacci extension). Stochastic (21,5,3) is...
will be looking for a rejection off the daily resistance, and from my analysis I predict that the price will fall towards the 1 hour support line followed by a few hours of consolidation, good luck traders! - Pauric Finnegan
The EURUSD rallied to test Friday highs yesterday and is seen to be trading around 1.1702 levels t this point in writing. Keeping the bigger picture intact, we are expecting a 3 wave corrective rally A-B-C, since bottom formation at 1.1300. Looking into the wave counts, Wave A looks to be complete at 1.1733 levels earlier, and potential Wave B might have...
A bearish signal on EUR-USD 4-hour chart if (and when) the price will close below the blue trendline. The first target in the area 1.1535/1.1550, the stop loss at 1.1715/1.1720.
EURUSD was eventually contained above the 1.1510 1D support (blue line) and resumed the sideways movement of the 1D Rectangle (RSI = 54.069, CCI = 48.9063, Highs/Lows = 0.0000), which is practically the neckline of the Inverse Head and Shoulders. Having been rejected however again on 1.1730, we anticipate another attempt at the 1.1510 support of the 1.1510 -...
The EURUSD reversed sharply from 1.1721 levels on Friday, remained shy of just a few pips from previous swing high at 1.1733 levels. This drop could be an indication that a potential flat could be in the making. If this corrective structure turns valid, we could see prices dropping lower at least towards 1.1526 levels. Ideally, we could consider the region between...
EURUSD is approaching its support at 1.1607 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.1672 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
EURUSD still slightly downwards biased, as USD liquidity will re-shrink in coming weeks. The ECB’s indicator of negotiated waves has climbed to its highest level since 2012, and the same applies to the Euro-area labour cost index. While it is extremely unlikely the ECB will alter its dovish forward guidance of no hike until after the summer of 2019 any time soon,...