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Eurusdsell

EURUSD possible reversal!!Currency Pair : EURUSD Possible direction : Short-term Bearish Technical Analysis : After strong bullish move EURUSD is currently forming a reversal to come for a deeper retracement to previous resistance turns support. As the price already reached important level of resistance without significant retracement, highly likely price will pullback to 1.0635 level where previous resistance turns support. Possible trade recommendation : Short-term bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Short
by ForexWizard01
EUR/USD: ascending triangle patternHello guys. How it's going today? EUR vs USD created ascending triangle pattern in H1 timeframe. But we need compare it with the bigger timeframes also. In H4, EURUSD wanna break trendline and want to go downside. In Daily timeframe, it show us strong level between 1.0636 and 1.0776. Now, what will think for further analysis? Let's research now. Strong pattern is ascending triangle. It supports by breaking trend line in H4 also. This situation is a simple reminder for jumping up. But we should remember that EURUSD is high volatile pair and any fundamental or technical news can affect it positively or negatively. In my opinion: EURUSD will break trendline in H4, follow strong barrier in Daily timeframe. We can put: SELL LIMIT at 1.0733 TARGET 1.0405 STOP LOSS 1.0805 or SELL STOP at 1.0560 TARGET 1.0405 STOP LOSS 1.0743 These are only forecast. Do not forget to use SL in own trading. Trading without stop loss and bigger lots can cause heavy losses. Good luck!
Short
by Forexcues