Following a test of a five-month ascending channel circa 1.2160, the common European currency was driven by strong upside potential. The pair advanced by 85 pips during the second part of Friday, but was once again stopped by the 23.60% Fibo retracement near 1.2350. As apparent on the chart, the Euro has failed to surpass this mark for the last seven trading...
EURUSD is testing major resistance at 1.2364 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where a possible reversal might happen. Price may fall to its 1st support at 1.2236 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pull back support). If it breaks past this level it could possibly fall to its...
EURUSD is back to test our major resistance at 1.2363 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish divergence) and a strong reaction could occur at this level to push price down to 1.2165 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is reacting really nicely off our major resistance at...
Intro: EURUSD has risen back to our major selling level resistance, great opportunity to sell from. Sell below 1.2355. Stop loss at 1.2422. Take profit at 1.2166. Reason for the trading strategy (technically): Price had dropped really strongly yesterday and has risen back to test our major resistance at 1.2355 (Fibonacci retracement, Fibonacci extension,...
Hey guys, Without surprise EUR/USD is going down. According to market profile analysis, the next level which should be tested is 1.2250. I am short, 1.2250 is my 1st target. Trade with care. Jesse
EURUSD – Euro/dollar reverses and pushes higher from key support The EURUSD is clearly oscillating within a defined trading range between 1.2520 resistance and the key support zone down between 1.2200 – 1.2160. We can see eurusd in the chart below, price bounced from that support zone last Thursday, continuing gains into Friday’s close. We see this as strong...
The 5 star movement is emerging as the largest party from the Italian election. The party’s direction is anti-establishment and anti-EU, which could spell further trouble for the EUR/USD. Looking for resistance of 1.2350 hold, with the downward move a higher probability.
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...
Intro: EURUSD is starting to test major resistance which is a good opportunity to start selling from. Sell below 1.2355. Stop loss at 1.2422. Take profit at 1.2166. Reason for the trading strategy (technically): Price is testing major resistance at 1.2355 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could...
During the early hours of Thursday’s trading session the common European currency continued to lose ground against the US Dollar. Meanwhile, Dukascopy analysts spotted two notable facts about the pair’s charts. The decline, which followed the first testimony of the head of the Federal Reserve, has confirmed that it is occurring in a narrow descending channel...
Intro: EURUSD is now on major pullback resistance, good opportunity to enter! Sell below 1.2272. Stop loss at 1.2371. Take profit at 1.2079. Reason for the trading strategy (technically): Price is now testing descending resistance and Ichimoku resistance along with major resistance at 1.2272 (Fibonacci retracement, horizontal pullback resistance). A drop can...
The Euro had a nice swing downwards to the 1.22 area. Good pips for anyone who hopped aboard. I'd take profits and watch for price to indicate what to do next. We could see a firm bounce from this area or a break and run to 1.126 trendline area. I marked the last time price was in this area. We can use this price action to determine the likely outcome of what...
Today we are waiting for the 2nd speech by Jerome Powell, Chair of the Fed. Last time he gave his speech, the USD quickly strengthened against other major currencies. That was the time when investors were sure the new policy will be "hawkish". Today’s news from the EU have not given the support to european currency. Euro has already fallen under the mark of 1.22...
EUR/USD is bearish for the moment, but it might find a strong support on the 1.2000 area, from which it will bounce back.
In part 1 of his testimonial, Chair Powell reinforced an optimistic outlook for the US economy, highlighting growth in the domestic economy, unemployment rate at historic lows and reiterating guidance for further gradual increase in policy interest rates. As expected, his statements portrayed a positive sentiment towards a growing US economy and thus a...
EURUSD is testing major support at 1.2164 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level pushing price up to 1.2409 resistance (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance). Our next major level of support is at 1.2048 which is a 50% long...
Intro: EURUSD has finally broken a very strong support level, opening a potentially mega drop from here. Sell below 1.2223. Stop loss at 1.2371. Take profit at 1.1940. Reason for the trading strategy (technically): Price has finally broken a major support level at 1.2223 (Fibonacci retracement, horizontal swing low support) after breaking our long term...
I am waiting the daily candle but, guys, we have double top coformation, ichimoku confirmation, and if it will close below 1.22 the downtrend is confirmed!