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Eurusdbullish

EurUsd bullish pushup - Looking at the daily, price has been bouncing off the weekly support at 1.07748 and ranging within a 250pip area - this range with slight downward pressure formed a triple bottom, inside the last bottom a smaller triple bottom was formed that helped push price up - then going down to the 4 hour chart a bullish divergence seems to be forming but need to wait on a 2nd candle which would not be lower than this previous 4 hour candle. Once that is formed i will make an entry with an SL right below the previous higher-low-candle..No entry before divergence is confirmed. - 1st target will be 1.10315, 2nd target will be 1.11349
by Loviss
EURUSD fakes out off 4-hour level, showing momentum to push high1. Price made a dip below the 1.077 level and quickly recovered above it. It trapped a lot of traders who treated this as a sell off and closed up above this level. 2. This second label is actually the second pull back. The initial pullback did not have a significant level. My entry proposal is based on this second pull back for a couple of reasons. i) Faster and slower moving averages have converged. We're seeing shorter term price acceleration with with the EMA-20 threatening to cross above the EMA-60. ii) Selling pressure has significantly weakened. If this current 1.0815 level holds up, we could potential see quite a push higher.
Long
by FinancialGamblR
1
EUR/USD Technical Analysis: Short time pullback 12900 The short-term picture favors another leg lower, as, in the 4 hours chart, the pair remains below all of its moving averages and with the 20 SMA extending its decline below the larger ones, also converging with a Fibonacci retracement, the 61.8% of the latest bullish run at 1.1235. Technical indicators in the mentioned chart have spent the first half of the day consolidating within negative levels, now turning marginally lower, signaling increasing selling interest. Support levels: 1.1175 1.1130 1.1085 Resistance levels: 1.1240 1.1280 1.1320 *** EURUSD take a Buy position 1.1110 level and take profit 1.1290 level. Fundamental Overview: ===================== The EUR/USD pair consolidates around 1.1200 ahead of Wall Street's opening, trading with a heavy tone amid persistent dollar's strength and a disappointing German IFO survey, which showed that the business climate kept contracting this month, according to preliminary estimates. The index declined to 99.2 from the previous 99.6, also missing the market's expectations of 99.9. Expectations and the Current Assessment both decline more than anticipated. The greenback remains strong despite getting little help from equities market's which trade mixed in Europe. Hopes are on more upbeat earnings reporting pushing Wall Street to record highs.
Short
by Saleh11