EURUSD Technical Analysis for April 26, 2016Short term, we are bearish towards 1.1170
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there is strong resistance in daily chartin this market deep knowledge will never be enough unless you have strong decision making skills, it's harder than taking a risk. when you take risk you think about possible loss - when you make decision you think about risk
I have two opinions which match with gold's personalityif you guys payed attention I'm using same chart, same support and resistances. By now Gold price indicated 1.44% percent rise, it's a big percentage therefore the price will flactuate at this area and may go a little down then going up is highly predictable
GOING TO LONG EUR/USD @ 1.15000 Eur/Usd, triple analysis on Monthly, Weekly, and Daily shows Bullish sentiment, current candles making Higher Highs and Higher Lows on Monthly, and Weekly, currently Eur/Usd retraced on Fibonacci level and bounced off 38.2-50% range area, looking at Daily chart the previous high has been breached now, creating Higher High, the previous high when hit Resistance, bears took it down to Support, right now bears have been rejected at key Support level and confluence with Fibonacci and Inner Trend line. Currently price is squashed between Resistance (Bears) and (Support) looking at Monthly there is High Resistance with the 13/21 and 200 EMA, on Weekly 200 EMA acting as Resistance 13/21 tightening up acting as Support. on Daily 13/21 are bullish, 200EMA is acting as Resistance. Fibonacci Extension Level on Daily showing there still more movement with price, once 1.15000 is breached get set for nice Breakout, on weekly, and Daily, nice clear traffic to the Fibonacci D Level Target Area and Resistance alignments with previous high. with No Traffic being on Left side.
Right now waiting on multitude of confluence and price alignments, and 1.15000 Major Psych Level breach will Long Euro.
