EURUSD Quick short term update** Only for short term perspective. Can be invalidated by news driven volatility. **
Pattern: Channel pressure points on 1D.
Signal: Bullish after a Lower High bounce.
Target: 1.13080 and 1.12340.
Traders who want to follow a safer approach my medium term view remains bearish and the short target below (1.1130) is still valid:
Eurusdsignals
EURUSD Trading Signal: 'Hooking' a Rally?EURUSD suffered from moderate losses due the tension between Italy and the EU over Italy's 2019 budget. German exports were down in August, which added to EUR selling.
There has been sharp rise in US treasury yields, which caught some traders by surprise. The US treasury yields may continue to dominate many currencies in the FX markets. The technical signal for EURUSD is fairly straightforward.
Am rifbreak above the hourly resistance (in green, preferably an hourly close) may pave the way for stronger gains towards the latter resistance (in blue).
EURUSD W and Double Pattern ContinuationGuys ! This is the same chart I had post on 12th of September, exactly going according to my analysis, EUR broke a resistance of 1.16464 now target 1.17474.
You can see the chart of 12th September here :
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