Eurusd long idea noticing a head and shoulder pattern on the 4 hour chart with the potential for 130pips
The pair is heading downward once again, having reflected from the level of 1.1440. We believe that the level 1.1310 will be tested again soon. Currently the pair has found a support there. Stochastic has not yet left the overbought zone, but it already crosses. MACD is still in the negative zone, and we can expect that the pair will continue its downward...
FX:EURUSD The EUR faced a strong selloff since its break of a steep upward trendline last April when it broke below the 1.23 area. This slide continued aided with grim news of a Turkish Lira downward spiral which was ignited by a spat between the US and Turkey over a detained angelic pastor (Mr. Brunson) who the US demands his release and applying pressure...
EURUSD reversed off its resistance at 1.1440 (38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 1.1301(horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.
EURUSD is approaching our first resistance at 1.1511 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.120 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,3) is also approaching...
Could EU continue falling down? I am seeing more bearish movements on this pair. As I draw the price is on a 4hr resistance zone and could be a nice opportunity to enter short until 1.13000 region and then we will see if the price break this region or bounce.
EU Broke the support yesterday and went further down. However its now starting to bounce off the trendline in the 4H time frame. If this bounces it will be significant so keep an eye on the chart. TP1 - 1.147 If it breaks through the top then I will update with another TP See comment for closer time frame.
EUR USD / H1 / Technical Analysis Buy above the closing of pattern on H1 Trade green
If the pair fails to break current resistance, we could see it dropping further past 1.13000.
EURUSD is approaching its resistance at 1.143 (61.8 Fibonacci extension, 23.6% & 38.2% Fibonacci retracement, horizontal swing high resistance) where it could reverse down to its support at 1.1301 (horizontal swing low support). Stochastic (34, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
EURUSD pullback to the structure. Also .618 fib level measured from last swing high. Classic shorting opportunity. stop above swing high at 1.433. targets 1.345, 1.29.. DAn
Guys EURUSD makes retest keep watch and u catch confirmation then enter trade Entry zone is long... Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully...
TP = 1.14500 hit as 1D aggressively (STOCHRSI = 0.000, Williams = -98.364) broke through the 1.1510 support, creating a new Channel Down (RSI = 26.291, MACD = -0.008, Highs/Lows = -0.0198, B/BP = -0.0336). 1.12840 (June 02, 2017 contact point) is a possible bounce spot for this Channel, which if successful can extend up to 1.1510 (previous support). If crossed...
At the moment, the markets have become certain and the dollar rally has continued. The pair is updating the new lows and rushes down, slowing at the mark of 1.1335. We believe that the bearish sentiment on the pair will continue and the pair will go further. Technical indicators point to the sale and we expect that the downward movement will continue. Therefore,...
The common European currency has lost considerable 2.13% against the US Dollar during the last two sessions. Traders have pushed the rate lower due to fears of the Euro’s exposure to the crisis-hit Turkey. By Monday morning, the rate had plunged to a fresh 13-month low, being supported by the monthly S3 at 1.1365. In addition, the bottom boundary of a...
Why so serious? OANDA:EURUSD Possible regain to targets near 1.19-1.20.