At the moment, the pair continues to depart from the lows and we observe the upward movement. Stochastic is currently pointing to sales and we believe this is the beginning of a corrective movement. If we consider our chart, we can observe the formation of the second "shoulder" in the "inverted head and shoulders" pattern. Now the shoulder is formed and the...
EURUSD reversed off its resistance at 1.1629 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 1.1442 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.
EURUSD is approaching our first resistance at 1.1623 (horizontal overlap resistance, 23.6%, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.1427 (horizontal pullback support, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance...
Price has rejected resistance scope for downside.
Following a rather still morning, the Euro hit the 55-hour SMA at 1.14 mid-Friday and consequently accelerated 132 pips until Tuesday morning when EUR/USD tested the weekly R2 near 1.1550. This strong appreciation pushed the rate out of two channels, the most senior of which was formed mid-July. It is likely that the Euro tries to make a retracement from the...
Look for rejection near trend line to go short with targets 1.2900 and 1.1200
Falling will continue after this pullback. Be ready for 1.15
Price pullback to the structure. Overall EUR still bearish, good place to sell high and take a short.
Our estimated bounce spot was met and EURUSD bounced near 1.12840 (June 02, 2017 contact point), even breaking our 1.1510 (previous support) target projection. Based on the 1D Channel Down (RSI = 48.432, MACD = -0.005, Highs/Lows = 0.0014) this is a near Lower High and an ideal spot to open a short. We are taking this opportunity to sell, TP = 1.12840 and 1.11765...
EUR data this week was generally encouraging but very inline with expectations which surely backs the ECB's on hold stance. Making the EUR a less attractive investment. A retest or break of 1.3000 could lead to 1.1000 at sights. China & US resume trade talks this week.
Shorting EURUSD at the .707 Fib retracement as EUR is still in a downtrend
Head and shoulders pattern formed. Potentially will fill the right shoulder and carry on long First target - 1.14 Second target - 1.138 Third target - 1.15
EURUSD is testing its resistance at 1.1523 (61.8% Fibonacci extension, 61.8% & 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.1400 (61.8% Fibonacci retracement, horizontal swing low support) could occur. Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
EURUSD is approaching our first resistance at 1.1627 (horizontal overlap resistance, 100% Fibonacci extension, 23.6%, 50% Fibonacci retracement, long term ascending support-turned-resistance line) and a strong drop might occur below this level pushing price down to our major support at 1.1202 (horizontal swing low support, 61.8% Fibonacci extension, 61.8%...
Sell below 1.1523. Stop loss at 1.1583. Take profit at 1.1400. Reason for the trading strategy (technically): EURUSD is testing its resistance at 1.1523 (61.8% Fibonacci extension, 61.8% & 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.1400 (61.8% Fibonacci retracement, horizontal swing low support) is...
eur usd is forming an interesting BAT pattern with wave formations by elliot Basico manage the fund of our account the basis for successful trading and be profitable . applying a compound interest the profits are brutal greetings friends -
EURUSD 0.52% Inverse Head & Shoulders Pattern A shallow pullback may very well occur. Details on the chart. Happy Trading!