EURUSD approaching its resistance at 1.2444 (61.8% Fibonacci extension, horizontal swing high resistance) where price could potentially drop to its 1st support at 1.2277 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). If it breaks this level it could fall to its 2nd support at 61.8% Fibonacci retracement, multiple swing low...
it's very clear, so I'm just going to tell you a story.. Long ago, there lived an old man with his three sons in a deserted village, located in the vicinity of a desert. He had 17 camels, and they were the main source of his income. He used to rent out camels as a means of shipping in the desert. One day, he passed away. He had left a will, leaving his assets...
EURUSD – Euro /dollar trading above key support zone The EURUSD rotated lower late last week following a push higher in the first half of the week. Price bounced off of 1.2160 – 1.2200 key support zone the week before last as this market is oscillating in a large range between 1.2160 – 1.2200 support and resistance up near 1.2540. EURUSD Traders can continue...
EURUSD is approaching strong resistance at 1.2365 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to major support at 1.2165 (Fibonacci extension, major horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this...
Hey guys, As mentioned in my previous analysis, I am bearish on EUR/USD (check my previous analysis). The pair didn't manage to break above 1.2420 and was rejected multiple times. I am expecting the pair to visit the bottom of the KUMO which should act as a support. Should it fail, new targets will be developed. Trade with care. Cheers Jesse
On the chart we can clearly see a decline in trading volumes for our pair. Technical indicators show that it is necessary to enter long positions, but the most significant driver for today will be the publication on the execution of the budget in the US. So most traders are not in a hurry to make any deals. Our pair is now below the 1.23 mark and will soon have to...
Spotted some hidden bullish divergence with the ultimate oscillator. Based on previous swings it's not unlikely for price to reach up and touch the R1 monthly pivot as seen last week. The fib retracement of the last swing is also shown. It could also just go the other way ¯\_( $ )_/¯.
Eur/Usd is bearish in short-term, but its trend is clearly bullish in the middle to long term. The breakout of the resistance trendline most likely will push the currency pair in 1.28 area.
The EURUSD moves sideways last few weeks. That is the zone where buyers and sellers have not fully committed and are in indecision form. There are two major levels to consider – resistance at 1.2505 and support 1.2191 These are the area where the most orders are placed. This condition both suits for breakout and structure traders. The best approach here is to...
EURUSD is testing major resistance at 1.2363 (Fibonacci retracement, horizontal swing high resistance, bearish divergence, Fibonacci extension) and a strong reaction could occur at this level to push price all the way down to major support at 1.2165 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% where a...
The EURUSD pair is extending its bullish run, headed toward the fifth daily gain in a row. The price faced local resistance around 1.2450 and has moved off highs slightly, while keeping the upside bias. The current euro’s strength is mostly due to the persistently negative dynamics in the greenback across the board. Meanwhile, the ECB meeting is due tomorrow, and...
EURUSD is testing major resistance at 1.2363 (Fibonacci retracement, horizontal swing high resistance, bearish divergence, Fibonacci extension) and a strong reaction could occur at this level to push price all the way down to major support at 1.2165 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% where...
LONG ON EUR/USD? I believe that prices could potentially rise up to highs of 1.25500/1.26000. Probable Triple Top? I don't think so, of course I can't say for a fact that prices will reach to highs of 1.26000. As prices have respected it's current resistance zone twice , and will most probably do the same on third attempt . Let the markets do the work,...
Price was showing a clear deceleration on the price. Also, RSI divergences has formed on 1h-4H frames. Bullish TL has been broken, so we can expect a bearish movement till the daily support.
Hey Guys and Welcome, EurUsd broke back below previous week 60% Price action Movement, we are following „mid“-term Trend with a good RR. EU started this Week with a very bearish H4 Candle. Pinned last Highs taking out stops of midterm sellers and possibly heading further to the downside forming another LL. Short: 1.22750 Sl: 1.23543 (80...