Short EU. The push of GU creating a new low today shows that the Dollar is gaining momentum again. The Trendline is going to be important if it breaks we should see quiet some follow through. Also: seems like we did just form the potential right shoulder. Hopefully we will also see a lot of follow through once the Neckline of the H&S breaks. Let the next FED...
My thoughts for this trade This Pair is looking very bullish at the moment. -A couple of Long term (Weekly) Fibonacci -Monthly, Weekly and Daily MA's bullish (My MA's of course) -Daily Break retest and continuation of 1.5000 Monthly Res level. Price ready for entry with liberal stop. I Will see how market opens and potentially wait for price to enter a better...
Seems like correction is over at the top of the channel with the red candle testing it and negative div on MACD. Looking forward to breaking next important support area, after 2 attempts failed (first one after finding support on 0.382 fibo level and second one when testing the bottom of the channel).
Name it all : Rates hike, ECB slow in action, Isis-1.95% , refugee, summit, etc all of these factors are affecting EU-14.29% to shine - but I wont go into details here..... All things being equal - watch EU-14.29% kiss 1.06953 Like I always say: PLEASE, set your SL accordingly. My TP @ 1.06953 :) see you there
Name it all : Rates hike, ECB slow in action, Isis, refugee, summit, etc all of these factors are affecting EU to shine - but I wont go into details here..... All things being equal - watch EU kiss 1.06953 Like I always say: PLEASE, set your SL accordingly. My TP @ 1.06953 :) see you there
EU heading 1.10284 and then back to 1.08742 I will updates you with reasons and why in a jiffy - stay tuned ;)
EU go and back... the posibilite eu long and back at the seme zone
Looks like there is still a lot of buying going on @the EU. As long as the trend-line is not broken look for longs. Lets see how far this rally goes... Seems like the Speculations on EU QE / FED rate hike is priced in and we reached maximum at the extremes.
th think change the situation is ither.. eu go up
Breakout accrued followed by test to the neckline.
On a 1H chart we have a bearish chart pattern (In case if the hour will be closed as it is of lower) Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with...