EURUSD has formed a really nice double top reversal setup and this could drive price all the way down to 1.2083 major support (Fibonacci retracement, horizontal pullback support). Our 1st level of resistance is at 1.2333 (Fibonacci retracement, horizontal overlap resistance, double top breakout level) and we have to watch for a pullback to this level first. RSI...
Thursday’s session was market by strong upside momentum that allowed the common European currency to appreciate 96 pips against the Greenback. The morning was spent with low volatility that seemed to point to a period of consolidation. However, a test of the weekly PP was followed by a notable surge up to the 1.2516 mark as a result of which the Euro surpassed...
If we pass 1.25300 we've gone to far
Weekly Short Opportunity on Retest of two Weekly Trendlines, on the 38.2 and showing Divergence.
As American news come out, EU will breach 1.2460 lvl. Simply because USD news lately only kill Dollar. Best of luck
Despite trying to accelerate against the US Dollar early on Friday, the common European currency failed to overcome the psychological 1.25 mark. The subsequent reversal was followed by a breach of the 55-hour SMA and the monthly R3 which left the rate between this resistance and the 100-hour moving average. Technical indicators are generally neutral, thus...
EURUSD while The President's State of the Union Speech... While Trump speaks we have two levels to scalping, they're not important enough, so we just consider for tomorrow's event. Keep in mind I'm junked up on it and against US dollar and don't forget my Projection for Dollar Index DXY Have a Good Trading Week Cream Live Trading, Best Regards!
With less then 3 hours until Tuesday close, its safe to say price will hold bullish for couple more days. Healthy pullback to the 61.8% fib level. should prove as strong support (always watch for breakouts/ wicks to the low.) In a situation like this if you decided to go long, now would be a good position to add entries.
Before i start, i would like to mention i use MM psychology often in my trading style. With everyone on edge for a bearish EUR and bullish USD, waiting for more confirmation, we can expect fake outs to happen by mixed signals. im expecting EUR/USD to make a final bullish run to psych out traders. As i write this article, EURUSD is making a falling wedge. i expect...
I'm expecting EUR weakness this week I have sell order at 1.2390 with sl at 1.2435 and sell positions at 1.2422 and at 1.238 (small size)
Bullish trend continuation trade to previous highs and beyond, Euro Dollar recently broke major stucture @ 1.24 quickly after this is retraced back right into structure with fib confluence. Stop Loss @ 1.2344 Take Profit #1 @ 1.25 Take Profit #2 @ 1.74
Let me explain: I just tried to get the right boundaries for future fibonacci circles and then *insert magical formula here*. Disclaimer: This is no financial advice, etc.
The Euro’s movement during the previous session reveals the strengthening of the bearish sentiment. After reaching a daily high of 1.2305 early on Wednesday, the pair managed to breach the 55– and 100-hour SMAs and the monthly R2. As apparent on the chart, the Euro has formed a minor descending channel. In line with this pattern, the rate should edge higher...
The single currency continues to appreciate aggressively and reached new four-year highs at 1.2355 during the European session. The key driver behind euro’s rally since the start of the year is the increasing bearish pressure around the greenback. But the December ECB meeting minutes, which were more “hawkish”, has contributed to the upbeat mood around the...
The Euro remained stable against the US Dollar during the previous session. The expected decline was restricted by a massive support cluster in the 1.2250/23 area. However, the pair has likewise failed to overcome the 1.2268 mark, thus confirming the upper boundary of a one-week descending channel. It showed low volatility early today, as the 55– and 100-hour...
EURUSD is testing major resistance at 1.2294 (Fibonacci extension, horizontal swing high resistance, bearish butterfly harmonic formation) and a strong drop could occur from this level pushing price all the way down to 1.2090 support (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding...
Sell below 1.2309. Stop loss at 1.2359. Take profit at 1.2210. Reason for the trading strategy (technically): Price is now testing major resistance at 1.2309 (Fibonacci extension, horizontal swing high resistance, bearish harmonic formation) and a drop could occur at this level to push price down to at least 1.2210 support (Fibonacci retracement, horizontal swing...