Our pair has good growth potential, but there are some aspects to consider. We expect the continuation of the ascending movement. Our technical indicators also indicate a purchase. In the medium term, we can expect the price to pass to the level of 1.2, but the next level that must be overcome is the 1.1850 level and only if the pair is fixed above this level, we...
EURUSD is testing its resistance area at 1.1760 (100% Fibonacci extension, 23.6% & 76.4% Fibonacci retracement, horizontal overlap resistance) where it coul potentially fall to its support at 1.1647 (61.8% Fibonacci extension, horizontal overlap support). Stochatic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
EURUSD is approaching our first resistance at 1.1843 (horizontal swing high resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.1509 (horizontal swing low support, 100% Fibonacci extension). Stochastic (34,5,3) is approaching its resistance and a...
Daily bullish RSI(14) divergence, usually gives good signals. EUR/USD tested lows today and is about to close on the top range which is another confirmation signal. Stochastics are about to turn bullish as wel. Seems all is in place to EUR strenghtening at least on the Technical side (Italy's problem set aside). Enjoy
Yesterday's trading session for the pair was marked by another repeated test of the upper border of the channel in the area of 1.1722. Despite the ensuing rollback, the proximity to the level still remains, so this key level is relevant for today. Yesterday, after approaching the level of 1.1722, we’ve seen an expected rollback. Probability of breakdown or false...
If we can break above 1.1700 then the risk/reward appears to be in our favour to the upside. We will need a fundamental driver to do so. Probably something negative for the USD, such as a poor jobs number or some fall out from the US-China tariffs which start today.
Quick Video for my team showing what I expect on EURUSD and how the EMA's I use as confluence will play their part in confirming entry and TP point.
I think EUR is going to straighten Price is at good risk reward tp is at 1.18 or 1.20 sl below range
triangle breakout, posibble long trade with kinda tight stop loss... Stop loss can be set lower, strongly depending on your risk and money management... Things can turn around qiuckly... Good luck, enjoy and have fun... :)
Looking at the 4-hour chart we can see that the pair continued its growth towards the main support/resistance level. Currently we are waiting for the development of a downward correction after which a new upward wave may take place. We advise to set Stop Loss around the mark of 1.1720 and Take Profit at 1.1640
EURUSD is approaching our first resistance at 1.1724 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.1590 (horizontal swing low support, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching our resistance line and...
EU is becoming a little more clear here as this week turns on us. As you can see the H&S pattern from last week was successful and had a full 100%RT. Which in fact turned into a 78.6RT on overall trend. So far this week have not seen price hit below 1.1600. This point currently gives us a new HL at 61.8RT from previous LL to previous LH. IF market can hold at...
A nice confluence around 1.1754 region, and we are looking to short at that zone. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative...
On Friday the euro significantly rose in value against the dollar. Mostly it was so because of the European leaders who were able to agree on the issue of migration. Also the inflation data for the EUR were better than expected. The pivot point is near the level of 1.1680 on the daily chart. Technical indicators point on Sell and we expect a possible corrective...