Our pair went into correction and at the moment we are seeing that the pair has found a new resistance level at 1.1850. We expect further decline after the completion of the corrective movement and the formation of the third downward wave. We recommend taking short positions, setting a stop-loss above the level of 1,1940 and take-profit below the resistance...
I believe we can go long on this pair to the upside target of 1.21500 or possibly higher. This could possibly be achieved in the next 2 weeks at max. TP: 1.21500
EURUSD Daily chart for buyers and Long traders after trend breakout, main resistance levels you would like to know.
EURUSD is approaching our first resistance at 1.1932 (horizontal overlap resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 1.1736 (horizontal swing low support). A breakout below our intermediate support at 1.1826 (horizontal swing low support) might...
Eur finally found a support to bounce. On Friday we may see a push higher near the 32.8% level. The trend is still bearish and I am looking to sell.
Buy 1.18700 - SL 1.18000 - TP 1.20050 Sell limit 1.20000 - SL 1.23000 - TP 1.17500
Have been too busy with business to log in here and post any charts. I'll start posting one or two a week again. Just posting this chart to say that really... It'll probably be Tuesdays I'll log in from now on.
The EURUSD price is going downwards last few days. If it reaches the Fibonacci retracement of 88.6%, it will complete a bat pattern. This will create an opportunity for harmonic pattern traders. T1 – 38.2% T2 – 61.8%
After failing to surpass the resistance of the 55– and 100-hour simple moving averages, the common European currency went for another decline against the US Dollar on Monday. The pair, however, failed to fall below the psychological 1.19 mark, thus providing the second confirmation of a five-day descending channel. As apparent on the chart, this pattern has...
EurUsd failed to break 1.1910 and price rejected at that price. We're aiming 1.2100 as tp1 and 1.2222 as tp2. Stop loss below 1.1880
EURUSD is approaching our first support at 1.1914 (horizontal swing low support, 61.8%, 76.4% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance target at 1.2088 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also seeing a bearish divergence...
Hi guys, We have a nice parallel channel + a bullish divergence. The pair rebounded nicely at the bottom of the channel and volume is accompanying the support. I am long with a target of 1.19650.
Possible long EURUSD H1-H4 Target 1.21500-1,2400 Possible retrace long after long sell of from 1.2400
As we expected, the price had corrected to 1.20 and then rushed down again. We anticipate the dollar to strengthen further and an overall decline of the pair. At the moment the body of the candle is below the level of 1,1920 and in case of fixation on this level we expect the advance to the level of 1,1860. Technical indicators are also giving confirmation on the...
EUR/USD cross, although correcting, is approaching a pretty strong support level. It's 116 days the cross is not trading at such a level. Even if the support at such a level should be quite strong, RSI on the 4h chart seems resetting quite fast and recovering from a overbought area towards 0. If 1.194 level is cleared I would expect further retracement.
After months at top, finally Euro came back to where it started in 2018. But be careful as Euro is just resting, with its mission for a final push at the summit (for now). Besides it has no where to go but to go up further, as strong weekly support lying below. For now the only way going up is to build a staircase, an abc consolidation pattern is not a bad...