EURO-USD
EURUSD back to bullish run, floating with 20 pips in profitOn the daily chart we've spotted a hammer candlestick showing strong rejection, alongside the Stochastics which is supporting our buy idea. If we go to the 1h chart, we can see how price broke and retested a S/R, so I'm very confident about a bullish scenario.
VIDEO ANALYSIS: EURUSD...WHAT NEXT?In this video update, we take a look at EURUSD and how the pair could play out for the week. The Eurozone
is showing slowdown and the USD data continues to be softer which means both currencies could be weaker this week.
If that's the case then we are likely to see the market remain in a smaller range with breakout being the best
indicator of direction in the short-term.
EUR/USD POTENTIAL SHORTPrice smashed through weekly support convincingly lots of bearish momentum watching for a pullback to the 1.13000 physiological level and 1.13266 weekly support now turned resitance will look for entry around here for a nice 1-5 risk reward trade down to the weekly support at 1.11606
EU Breakout situationEURUSD price has arrived to the 1.141 support zone. This support is an important zone. Breakout situation forming, because the price make double top again, with lower high like January 10-11th, and the price respecting the 20 day MA. If the price break the 1.141 support zone with an impulsive wave open short. The price can bounce from this zone(look at RSI:oversold(28%)) and we stay in the 1.151-1.141 consolidation zone.
Important news:
-EURO PMI: 10:00(GMT+1)
-Last:51.2
-Forecast: 50.8
-USA PMI: 15:45(GMT+1)
-Last: 54.4
-Forecast: 54.2
Follow suit like the sheep you are....1.14838 is a strong resistance level ( shown with purple arrows is where price has touched and bounced off this level ) We also have 2 very respected trendlines formed that have been used as strong support ( blue arrows show where price has touched them and bounced )
We can se price moving to the upside to our 1.14838 area of resistance, so we are in a buy position, but when price gets to this level we will be keeping a very close eye on it because there is a possibility that price will break this resistance and shoot up.... and if this happens we want to be there to catch this move and scale up adding positions.
So follow the trend lines like a sheep so we can laugh all the way to the bank...
EURUSD Weekly ForecastFX:EURUSD tested 1.1300 level and rejected about 6 weeks, a strong weekly level so
Keeping an eye on this weekly candle for long position.
good luck.
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EURUSD possible short pullbackAfter the strong uptrend should be a small pullback. Now the trend stays between two Fibonacci retracement levels. As I suppose, trend will touch the 38% Fibonacci level, which is ~1.3945 and then continue it's long uptrend. I'd better not suggest entering short sell, however it might be an easy win. I'd better wait fot retracement and enter long.
EUR USD update LONG!!!Price broke out our wedge formation ( check previous chart ) and rallied breaking resistance of 1.13836 and is now using it as a strong support level, We can see price reaching as high as 1.14838.
Remember to use correct risk management and only use our analysis if it lines up with your own analysis.
H4 chartThe currency pair significantly decreased since January 10.
EURUSD testing a very important support zone
The USD expected to weakening, and we have to focus on the FED possible relief.
In the house sales we can see the sales has decrease. This means that higher interest rates and bad market sentiment can break the real estate market.
In the technical analysis the 1.135 price is an important support zone.
EUR USD ready to EXPLODEWe can see over the past 3-4 days on the 4h chart that price has been squeezed into a wedge formation ( green trend line and support line ) When this happens price breaks out and explodes so we will be keeping an eye on the breakout to the upside with potential to go up to 1.14800.
We will set an order a few pips to the upside just outside this wedge, so if price does breakout in a bullish movement then our order will get triggered.