Sell Limit, Stop and Target shown on chart.
EURUSD testing its resistance at 1.2264 (horizontal overlap resistance, breakout level) where it could potentially fall to its 1st support at 1.2198 (100% Fibonacci extension, 61.8% Fibonacci extension). If it breaks this support, it could fall to its next support at 1.2160 (horizontal swing low support). We have also identified 2 other resistances at 1.2292 and...
EURUSD approaching its resistance at 1.2355 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially see a reaction causing it to fall it its 1st support at 1.2260 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). We have identified a 2nd resistance at 1.2411 (100%...
Dealer intermediaries have been long the EURO since reaching a 3 year Bearish extreme @ -272,000 contracts. Currently price is in a range and the long term uptrend strength is showing considerable signs of weakness. Of course, the trend doesn't change until the trend changes, so taking speculative shorts in a prevailing uptrend is risky business. With that said, I...
EURUSD approaching its support at 1.2260 (61.8% Fibonacci retracement, horizontal overlap support). We have also identified an impulsive Elliot Wave, where price could potentially rise to its 1st resistance at 1.2346 (horizontal pullback resistance) or if it breaks past this level, could potentially rise further to its 2nd resistance at 1.2411 (horizontal swing...
EURUSD approaching its support at 1.2260 (61.8% Fibonacci retracement , horizontal overlap support). We have also identified an impulsive Elliot Wave , where price could potentially rise to its 1st resistance at 1.2346 (horizontal pullback resistance) or if it breaks past this level, could potentially rise further to its 2nd resistance at 1.2411 (horizontal swing...
Daily Little bearish flag waiting for an possible retracement on the weekly resistance
EURUSD is reversing nicely below strong resistance, good opportunity to start selling. Sell below 1.2354. Stop loss at 1.2385. Take profit at 1.2295. Reason for the trading strategy (technically): Price is testing major resistance at 1.2354 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and a strong reaction could occur at this...
The Euro has changed from an uptrend to range bound in the short term. We may be seeing the end of the strong uptrend that the Euro has been in or a complex PB but I'm leaning towards the end. The Dollar is still on its hike cycle with three hikes predicted this year and should be strong but with all of the turnover in office and ongoing talks about Russia we have...
EURUSD approaching its support at 1.2276 (61.8% Fibonacci retracement, horizontal swing low) where a potential bounce could occur, causing price to rise to its 1st resistance at 1.2444 (61.8% Fibonacci extension x2, horizontal swing high resistance). If it breaks past this resistance, it could rise to its 2nd resistance at 1.2522 (100% Fibonacci extension,...
EURUSD Buy Limit 1.22950 - Stop Loss 1.22700 - Take Profit 1.24000
EURUSD starts to close below ascending supp. line, waiting for a really higher and failure to get into a move, targetting previous horizontal support line.
Now almost all the technical indicators continue to point to the purchase. We do not need large movements on the chart. Considering a 4-hour chart is enough. We still believe that the pair will test the level of 1.2315. At the moment if the price breaks this level, the figure "double top" will be formed. And then, according to the graphical analysis, we expect the...
EUR/USD showed no changes to its price level on Friday, as it remained fluctuating around the 200-hour SMA slightly above the 1.23 mark. The current positioning of the pair suggests that the Euro could edge lower this week in order to approach the bottom boundary of the senior channel, the weekly S1 and the 38.20% Fibo circa 1.2235. In terms of today, technical...
The price is mixed and is trading at the top of the previous range, there is an overall bullish outcome but a test of the 1.200 breakout area is likely.
EURUSD bounced nicely off its support at 1.2343 (50% Fibonacci retracement) where it is approaching its 1st resistance at 1.2444 (61.8% Fibonacci extension x2, Horizontal swing high resistance) where a potential reversal may occur, pushing price back down to its 1st support or 2nd support at 1.2277 (61.8% Fibonacci retracement, horizontal swing low). If it breaks...
By the beginning of today's trading our pair has managed to test a strong 1.24 level and move away from it by more than 25 points. At the moment the pair has found resistance at this level and formed a reversal pattern on the hourly chart. It is capable of sending the price to the mark of 1.2315. Today there is a lot of data on both the US and the Eurozone....
Hello traders! In this idea i talk about EUR USD , from 1 week the price is moving between 1.24 zone and EMA 100 , 200 that act as support zone. At the moment the direction isn't clear , in 4H time frame is going to close a bearish candle that may let go the pair towards EMAs . I'm not going long or short , waiting the data for US dollar , this afternoon , where...