Euro against the dollar has been quite bearish as of late due to Trump and Kim's feuds,Hawkish comments and tax policies . The reversal formed last September was due to price rejection on the daily time frame, a very strong demand price area . We can also take note of the head - shoulder formation which supports bearish momentum into the new year. Currently the...
GBPCHF has for the last month and a half been trending bullish due to a strong demand price level on the daily chart .Im rather neutral on the future play of the pair i've noticed a bearish flag on the daily and my 20 & 50 ema are ready to cross signaling bearish momentum on the 4 hour time frame . I need further confirmation for a bearish trade. Another...
Technical: Completion of the right shoulder Approaching strong demand price level, we could see a potential pullback or consolidation in lower timeframes -Short Tp:1.16927 Fundamental: -Weak German and Eurozone ZEW economic sentiment indexes. -Inflation and interest rate growth
Sell Stop 1.17809 hopefully the candlestick will indicate strength, preferably a marubozu. TP:1.17363 TP2: 1.16627 We might see the fake Bullish movement stretch up to 1.18176, but i believe the bulls are exhausted so she has to fall.1.18000 major price level. Banking on the bearish Harami on the D1 time chart.