Today was a big day. Apart from the flow of macroeconomic data, the meeting of the biggest central banks’ chiefs in Frankfurt definitely attracted some of the market’s attention. Frankly speaking, we did not expect any surprise from the central banks' chiefs, yet their comments provoked some volatility in some pairs. The common currency finally did it. Here it is...
The cross is basically short and in my opinion this run to higher prices must be considered as a retracement The trendline over the price may be a very good price for entering short. Daily market pressure highlist a short pressure on EURUSD. This analysis are based on the value of market pressure For daily maket pressure value for all crosses visit my twitter profile.
EURUSD went deeper into sell zone so we have placed buy stop order at the lower band of this zone. At level 1.1677 supply got advantage and on H1 chart has occured bullish pinbar. At 1.1664 our pending order has been activated. Our target is near 1.1540 (slightly below last low) and our stop is at 1.1705 (slightly over sell zone and strong resistance level).
Lets see what this opening day has for us!
- Monthly M.A. up - Weekly M.A. up - Daily M.A. down H4 : Looking for a break and retest of the C.T.L. Expecting price to fall down to Monthly level of support at 1.1450. Invalid if price breaks above 1.1693.
As we see that this pair is respecting the channel, and we have the price : 1.17271 witch is not retested yet. So that zone will be good for short opportunity.
What do you guys think ? I see a possible pull back. Any objections/suggestions are welcome.
Last week, after a dull week, price re-tested key resistance at 1.16720 and we go into next week below this area. As a result we will look for shorts down towards the target of 1.14932. A break of 1.16720 would clear the way for 1.17225 however we will only consider shorts below this level.
The price went up today and it has formed the bat pattern on H1 EURUSD chart. It is a structure high and resistance zone at 88% fibo retracement and bearish moves are expected. Wait the market open on Monday to avoid any gaps or weekend moves. T1 - 38.2% T2 - 61.% --------------------------------------------------------------------------------- Forex historical...
EURUSD after the breakout strong support level at 1.1700 went lower to 1.1570 and backed near 1.1700 where is now large sell area. After this, price slightly increased last low and back to sell area at 1.1660-1.1700. Looking for a higher timeframe charts EURUSD looks like it will continue fall. Also looking for a political and economic events in USA we are...
Riding the current short-term bearish trend with USD recovering after jobs and PMI data last Friday bolstered Fed hike bets next month, and EUR dropping from dovish ECB and general uncertainty over actual QE deadline. Setting up sell stop orders a few pips below S2 pivot line (hourly chart) with TPs at S3 and S4, and SL near base pivot...
The market is currently downtrending on the daily timeframe as indicated by the red trend line. Looking on the 4 hour chart, we see that the pair has moved into consolidation indicating a potential retracement to the upside before continuing on its path downwards. Therefore, I've opened a short position where I believe the market may see bearish pressure and could...
The cross approacing the breakout with a strong bearish Market Pressure. In my opinion it will break This movement will lead prices to 1.13700 at least This analysis is based on market pressure For a complete list of Daily market pressure visit my twitter profile
- following positive PMI data, this will bring the EUR back to area of resistance, however I believe the pair will retest this level leading to a bearish move towards the monthly support of 1.1450 - I believe the ECB will remain dovish in the upcoming meeting in regards to the QE programme as this is necessary to secure the gradual convergence of inflation towards...