The common European currency remained stable against the US Dollar for the third consecutive session on Friday, as the pair continued to fluctuate around the 55– and 200-hour SMAs. This has put the Euro in between the upper boundary of an eight-week channel and the weekly resistance/support level of 1.1647. The pair trading near the upper channel line for two...
I'm looking for price to move into the 1.205 area. If price does, then I'll wait for bull candles to form on the daily time frame. If bull candles form, then I'll move to the 1H and place buy limit orders at previous market levels.
Hi guys, Based on three timeframes divergence (h4, H1 and M30) I am shorting the pair. My target will be 1.16500 which is a fib level. Do not hesitate to like/comment my ideas if you appreciate them! Best, Jesse
Since the beginning of today's trading session, the pair is slowly rising. We still believe that the pair will fall below the 1.15 mark. However, at the moment, the price has turned around. The price began to rise not reaching the lower border of the corridor. On Thursday, amid fears of investors about the trade war and Friday's completion of the week, investors...
Technical POV: EURUSD is in Downtrend since April 2018, and keep going down until last Wednesday. After that there is a retracement that currently happening. I see a Penant pattern / Triangle that is occuring. Price should bounce upward in the opening of Monday, but for the long run I think it will break downside and keep going down. Fundamental POV: EUR is under...
Price may find resistance around 1.215. I will be looking for bear candles on the daily time frame. If I find bear candles, then I will move to the 1H time frame and place sell limit orders at previous market levels.
EURUSD tested its resistance at 1.1722 (23.6% Fibonacci retracement, channel resistance, horizontal overlap resistance) where we price could fall to its support at 1.1536 (horizontal swing low support). We do have to be cautious of the intermediate support at 1.1612 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) has reversed from...
Sell below 1.1722. Stop loss at 1.1792. Take profit at 1.1536. Reason for the trading strategy (technically): EURUSD tested its resistance at 1.1722 (23.6% Fibonacci retracement, channel resistance, horizontal overlap resistance) where we expect price to fall to its support at 1.1536 (horizontal swing low support). We do have to be cautious of the intermediate...
EUR USD is giving us a buy position at correction
WEEKLY CHART Weekly close is a quite significant rejection with a little bit of indecision close to a psychological and technical level (1.15). Expectation for the next candle, so for next week, is a slightly more bullish week. Reason for this is because of the indecision that's still visible. Longer term outlook would be a stronger bullish move if we look at...
On Wednesday our pair reflected from the level of 1.1540 and headed up. The dollar index has also been corrected and fell below the 94.00 level. At the moment, considering our chart, we assume that the pair found a resistance level near the mark of 1.1690 and will soon go down. If we look at the daily chart, we are still observing a downtrend. And on the theory...
Trade what we see: EURUSD really over extended on its bearish run. We are now seeing a break against the bearish resistance line. We are looking for a clean break before entering a long position to it's fib retracement level.
EURUSD is approaching our first resistance at 1.1733 (horizontal pullback resistance, 23.6%, 50% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.1542 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (55) is also...
This pair is coming off oversold levels and is looking to head higher to weekly resistance of 1.195
- Bearish movement for 7weeks - Rallied upwards strongly to breach 1.1553 level and attempts to hold above it. - The price needs to trade below 1.1553 level again to confirm resuming the bearish trend that its next main target located at 1.1418.