As we already know EU is making a head and shoulders pattern and its currently on its way up for the right shoulder. Nice and clear ascending channel is being made. Price can respect the trendline and bounce up or it can break and bounce of the support which is at the 61.8 fibonachi.
price is currently at the resistance it is testing the resistance, theres a high probability that price could fall however best to wait for the breakout. If price breaks above i will wait for the break of resistance ad close above.
price made a clear beak of the ascending channel trend line, price is currently going up for a retest and soon should drop.
GU likes making channels. This ascending channel is more likely to be setting up for a buy as the dxy is going to drop however you never know if it will drop as well.
price is making nice hh and hl currently its retesting previous resistance as support and hopefully will go up even more as dxy is looking to fall.
Clean and simple price broke the trendline channel and now retested closed below the trendine also the descending trendline (orange) collides with the price. I have already placed the trade.
priced reversed off the ascending trend line it has also broke the resistance of 0.69653 and retested making a bullish engulfing candle stick.
Price could break the trendline (orange) and head up to the next resistance of 1.0053 or could break the blue trendline and drop towards the channel support.
On the weekly chart of the eurusd we could see a head and shoulders pattern forming. You can get the long opportunity on the right shoulder and afterwards get the drop.
price broke the trend line made a huge drop and now making a flag (correction). Trendline has been set just need to wait for the breakout.
waiting for the break of the trend line then i can go short if it breaks out i will wait for the daily candle to close just to make sure it is not a fake breakout.
just waiting for the right entry to go short or long on this pair, it is at a crucial point.
price broke the ascending trend channel and now currently going back up probably to retest the trendline and drop back down. I will be waiting for the retest and then go short.
price bounced of the support as well as breaking the trendline.
price closed above the major support on the weekly could we see a move to the upside just retest previous support.