Strong downside potential drove EUR/USD considerably lower on Friday. After failing to surpass the 200-hour SMA, the pair fell 76 pips down to 1.2280. This level coincides with the weekly S2. Even though technical indicators are located in the oversold territory, some downwards potential might still occur today. The nearest support is provided by a trend-line...
EURUSD is approaching our first resistance at 1.2221 (horizontal pullback resistance) and a strong reaction might occur below this level, pushing price down to our major support at 1.2154 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish bias....
On the Daily candle you can see a doji what tells me that it will go down. Also you can see the a flag, if it breaks to the downside it will fall and reject in one of the downside areas. And a double top
Hi everyone This is what I see at the moment the eur usd breaking out of a bearish triangle and heading south to either tps listed is what I see at the moment, if the market stalls or does not break to these will need to assess another play for this market Happy trading Kris
The Shark Pattern The Shark Pattern is dependent upon the powerful the 113% Reciprocal Ratio @1.2223 works extremely well retesting prior support points 1.13% as a strong counter-trend reaction. Represents a temporary extreme structure that seeks to capitalize on the extended nature of the Extreme Harmonic Impulse Wave. Demands immediate change in price action...
With lower highs now being established together with an uptrend break EURUSD is vulnerable further downside pressure and we would expect a move down to 1.19620 where the 200 day ema provides support.
Here you are the next EURUSD daily moves,i advice to not enter in buy, just wait the bounce up to enter on sell, some good pips are coming
EURUSD is approaching our first support at 1.2259 (horizontal overlap support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) which coincides with our long term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1.2313 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci...
In long term TP is 1.1750 we are in a side trend and because of that the small stop loss may go to be seen so when it exits this side trend we can make the stop loss smaller. In my previous ideas from 10 weeks ago to now, I have said that it should go down it must go down I think.
This week the EUR/USD has hit a major resistance point, shown above, having been tested twice and upon both occasions the price has been rejected. Watch closely this coming trading week, depending on news releases throughout the week regarding both the euro and US dollar (beginning Monday 24th April), could tip the price either way. Will be posting an update and...
Price reject the .50 Fib Retracement, and it seems to continue on the uptrend higher to previous resistance of 1.245 Risk Reward 3.19
Morning traders! Today i'm here with an analysis about EUR USD . In 4h timeframe we can see that eur-usd is moving from 1 week into an ascending triangle , where 1.24 zone act as resistance and an ascending trendline that starts from the low around 1.23 acting as support. Obviously i'm waiting for a breakout , but at the moment in my opinion the possibility are...
Sell below 1.2350. Stop loss 1.2391. Take profit 1.2259. Reason for trading strategy: EURUSD broke out of its ascending support-turned-resistance line where we look to sell on strength at 1.2350 (23.3% Fibonacci retracement, horizontal overlap resistance). We expect price to fall all the way to its support at 1.2259 (61.8% Fibonacci extension, 78.6% Fibonacci...
Price is testing our first support at 1.234 (horizontal overlap support, 61.8% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.2395 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bullish divergence, a good precursor for a potential rise in...
EURUSD is approaching our first support at 1.234 (horizontal overlap support, 61.8% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.2395 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bullish divergence and is approaching our major support...