Pretty quiet week so far after Fridays NFP but the ECB meeting is due to liven things up on Thursday so keep an eye on the charts! For now i have a nice short trade setup here as we have multiple bounces from the 1.19241 level, now would be the perfect opportunity to catch this on the down swing. Make sure you keep an eye on the charts and trade safe |...
First analysis and welcoming all types of honest and constructive feedback! Technical - High buy orders on a ranging monthly is due for a increase in sell orders (Short) - Holiday season correction is already priced in (Quick long followed by short) - Strong resistance @ 1.08-1.10. Fundamentals: - Chinas "de-dollarization" by allowing the oil imports...
Sell below 1.1918. Stop loss at 1.1955. Take profit at 1.1825. Reason for the trading strategy (technically): Price is now testing major resistance at 1.1918 (Fibonacci retracement, horizontal overlap resistance, bearish price action, Fibonacci extension) and we expect a strong reaction from this level to push price down to 1.1825 support (Fibonacci retracement,...
EURUSD has gained significant momentum over the past few months and is currently in an uptrend. I have marked out a couple of key areas here and drawn on a couple of possible scenarios. We have had a 61.8 fib bounce recently and a pretty heavy resistance from that. A break and a retest of the trend line could set us up for some bearish movement from this pair but...
Despite that all three American employment indicators that were released on Friday did not justify experts’ forecasts, the Greenback continued to appreciate against the Euro and even managed to break through the bottom trend-line of a medium-term ascending channel. Fortunately for the latter, the downside moment was not strong enough to incite the buck to try to...
On the daily time frame we have a possible 5-Elliot wave formation, with the 5th impulse on a 1.217 extension. Price is currently sitting around the monthly and weekly resistance level (1.200). We can possibly trade the correction wave to the downside on PA confirmation. We have multiple possible trade setups for different strategies and styles of trading. We have...
i think it will go more down to 1.1620 before breakout this flag , after the breakout we will go to 1.1960 then 1.2020 ,
EURUSD is extremely bullish right now. The 123.6% Fib was respected very clearly. Next point is 138.2% at 1.209. Buy!
As we can see from the chart the price exceeded our 1.2000 target and has now lost it's upside momentum and looks ready to retrace. We could see a slight pullback to the region of 1.1980 before making it's journey down towards our first target of 1.1820 but my overall bias for this pair would definitely be SHORT trades all round. Safe trading!
eurusd is extreamely bullish! watch for a long once it bounces off the H1 Trendline
The week before the Euro started with the announcement of the JH meeting of Yellen and Draghi, as well as the move towards the new summit. After the euro I expected to loosen up to 1.1870 / 45 levels, new buyers will be able to see new summers like 1.1980 / 1.2045 / 1.2130.
1.19000 - it's the price of resistance line (monthly) since 1998. The EUR must go down for 50-60 pips at least
EURUSD has just broken a key daily resistance level, which now became a support. Price has extended high after Friday's news events and the price is most likely to run to the next level, which is 1.20398. This is the next daily resistance zone lined up with 1.618 fib inversion ratio. It is time to wait for the price to come at 1.18234 daily support level and look...
MAJOR RESISTANCE ON EURUSD WAIT THE BREAKOUT BECAUSE MARKET CAN CONTINUED HIS RUN DAILY MOMMENTUM RSI 14 LOOK GOOD TOO AFTER THIS SELL I THINK EURUSD GO UP FOR 200 PIPS TP1 70 PIPS TP2 140 PIPS SL MAXX 30 PIPS