Euro-dollar
EURUSD: Important Decision Ahead
hey traders,
EURUSD is currently trading within a very peculiar zone:
its upper boundary is based on the major rising trend line that the price broke in September and that currently serves as the resistance.
its lower boundary is based on the major falling trend line that the price has violated yesterday and that currently serves as the support.
for now, I see two equally possible scenarios:
either we close above the upper boundary of the zone and continue growing to 1.1935 level
or we drop below its lower boundary and initiate a short rally at least to 1.1705
for now it is hard to say exactly, which side the pair will select.
so I prefer to wait.
EUR/USD 🇪🇺 🇺🇸 to decline up to either 1.17396 or 1.17574.+0.67% on EUR/USD 🇪🇺 🇺🇸. We see that the price was rejected by the 0.236 fib lvl. The Stochastic overbought is suggesting that there will be a decline with the possible bounce from the two indicated levels of either 1.17396 or 1.17574.
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USDCHF Ascending Triangle Pattern Formation For Long .USDCHF is forming Ascending Triangle Pattern at bottom, after trending in down side for last couple of weeks. According to Chart Pattern analysis , We might see upside in USDCHF. One can initiate the long trade with proper risk management and stop loss .
Thank You.
EUR/USD 🇪🇺🇺🇸 to test the 0.5 fib level one more time!+0.22% on EUR/USD🇪🇺🇺🇸. The 0.5 fib level has not been broken yet and the last breakout happened to be a false one , however , the swing at the ROC 3 suggest that the price is going to breakout the 0.5 level higher this time.
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EUR/USD 🇪🇺 🇺🇸 to bounce from support zone!EUR/USD 🇪🇺 🇺🇸 is likely to bounce from the support zone. The ROC and RSI shows 2 deep oversolds and the price is likely to test pretty strong 0.5 fib level.
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EURUSD: Important Bearish Breakout!
good morning, traders!
EURUSD has violated a support line of a rising parallel channel on 4H.
high momentum bearish candle confirms a strong bearish sentiment.
to catch a bearish continuation, I would suggest being focused on a local expanding blue supply area.
I will look for an hourly reversal pattern within that to short the market.
first goal will be 1.17
good luck!
💡Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.178). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 1.1725
TP2= @ 1.1680
TP3= @ 1.1610
TP4= @ 1.1490
TP5= @ 1.1375
SL: Break Above R2
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💡Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.178). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 1.1725
TP2= @ 1.1680
TP3= @ 1.1610
TP4= @ 1.1490
TP5= @ 1.1375
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️