FX:EURUSD Pricing direction flirting above upward sloping trend line & nearing upper range of downward sloping channel. Next resistance seen at 1.0979.
FX:EURUSD [/symbo} Pricing direction flirting above upward sloping trend line & nearing upper range of downward sloping channel of 1.0897. Next resistance line seen at 1.0973.
FX:EURUSD Downward sloping trend line about to be retested on upside breakout. Next resistance seen at 1.0973, and 1.1023. Previous trough was a fake out to take out the Longs positioned for a significant upside breakout to 1.1610.
FX_IDC:EURUSD Here's how I see it. Possibility of challenging bottom end of channel zone at 1.0807, as supported by 2 earlier trough points created in December. The flag pole created in early December is somehow correlated with the pricing direction pair of USDJPY. Should the USDJPY strengthen, or breakout higher, this action will put downward pressure on EURUSD,...
FX:EURUSD Here's how I see it on the 3 HR time interval. Support line at 1.0868 followed by an intermediary resistance level at 1.0979 and then 1.1027. Pricing direction readying to breakout to 1.1027 after slowly recovering along upward sloping trend line. Should pricing direction breach 1.1027, watch for pent up demand to overshoot.
FX:EURUSD Here's how I see it. Price direction for this pair trending along upward sloping trend line beginning at trough point level of 1.0804 and extending towards 1.1027. Next support level is 1.1027.
FX:EURUSD Here's how I see it. Channel range between 1.08 and 1.10 confirmation by both earlier flag pennant formation & previous rising trendline. Watch for breakdown breach along 1.08 or upward breach at 1.10 resistance.
FX_IDC:EURUSD Flagpole & Pennant setup. An inside breach along support line within pennant triangle of 1.0860 suggests a resumption towards back 1.0650. Catalyst will be USDJPY breaking out to new weekly highs.
FX:EURUSD With a break below the upward trend line resistance set from 11-17-15 to 11-20-15 hinting that a retest of support line of 1.0632 is possible. Looking for algorithmic buying to kick in at that level and a recovery resumption back towards 1.0709.
Counter buy algorithms in the market place on earlier fresh 7 month lows. Could see short stops at higher levels getting taken out as price direction seen recovering. Targeting a recovery at $1.0779.
FX:USDJPY Price action in the 1 hour time interval for this pair suggests a continuing erosion along the downward sloping trend line after failing to breakout upwards. A retest at support line 1.19.63 followed by a breakdown will see price action quickly challenge the next supports ; 119.26 then 119.04, and onto the major support 118.58. Should it fail to hold...
FX:EURUSD Sunday's trading session should see a flood of algorithmic trading tactics set to trigger sell stops at lower levels, hampering a recovery in the process. Looking for a retest at support line; 1.1292, followed by a lower extension towards 1.1252 target. A price consolidation at this range over a few time intervals should see a recovery late into the...
FX:EURUSD 2 hr time interval suggests price action readying for a break out into next quadrant above the medium term downward sloping trendline. In the interim, algorythms will try to stop hunt long stops on the way down towards support line of 1.1291 and possible retest of upward sloping trendline represented in blue on this chart. A breach at this level may...
FX:EURUSD A possible flagpole & pennant formation has been identified on the 30 minute time interval for this pair. Price action is in a contraction phase until a retest of 1.1152 support as indicated on the orange horizontal trendline. Resitance is 1.1207 followed by 1.1292, and then a possible breakout above equaling the size of the flag pole targeting 1.1488.
FX:EURUSD Price action on the daily time interval suggests a longer term recovery is in place for this pair. Support seen at 1.1157 & 1.1102 as seen by the horizontal trend lines, as long as price action stays above the upward sloping trend line, we could see a retest of the next resistance line of 1.1379.
FX:EURUSD : 3 hr time interval suggests price action maybe vulnerable to a sharp pullback when measured against the downward sloping trend line. Failure to hold above both upward sloping trend line & not extending beyond the resistant line near 1.1290, suggests a directional move to revisit support line at 1.1106.