EightfoldPath

EightfoldPath Updated 

Price closed below week support level of 1.17150 after a strong rejection off key day resistance at the 1.18350 area. Momentum expected to retest Month Support at the 1.15500 level before looking for long opportunity. 1.93RR Trade Target 1.17000 Stop 1.14800

EightfoldPath

Month Support Held at the 1.15500 area. Week Resistance area of 1.17150 has been successfully breached, price heading towards the next key level which is day resistance at the 1.18300 level. Looking for a fail of the 1.18300 area before getting SHORT for the retrace back down to the 1.17600 level. 1.36RR Trade Stop 1.18800 Target 1.16015

EightfoldPath Updated 

Short Term Reversal off of the Weekly Resistance level at 1.17150 level. Day Candle has currently turned negative. 1 Hour Engulfing Candle. If price returns to 1.16900 following NFP will look for short opportunity 1.18RR Stop 1.17300 Take Profit 1.16425

EightfoldPath Updated 

Downtrend has hit key Month Support at the 1.15550 level. Looking for a close above the level before looking for long opportunity back up to the weekly resistance level of 1.17150. 1.3RR Trade Stop 1.14900 Target 1.17150

EightfoldPath Updated 

Possible Long. Monthly rejection off the lows, Week Down heading lower towards both Week and Day Support at the 24640 level. 2.2RR Target 25270 Stop 24550

EightfoldPath Updated 

EURUSD likely to head lower after a convincing close through weekly support at the 1.17100 level. Momentum is therefore likely to continue lower to Monthly Support at 1.15550. 1:1 Risk reward short trade with stop being placed above the previous days high of 1.17380 and a take profit level of 1.15650

EightfoldPath Updated 

At Week Support, possible daily close positive, 4Hr starting to show signs of holding key level. Will enter long position if price reaches 1.33500 level with Stop 1.32800 Target 1.34600 1.6 Risk Reward Trade Could still continue lower towards the 1.30400 area