All right, EURO substantiate itself after recovery from bottle neck and now just it needs to prove itself by testing the support and go for higher ranges. We're looking for bull flag as a retracement down to 1.19000 follows by rejection and reinstating 1.12020 as confirmed base.
After EURUSD reached the monthly 'strong' resistance, it made a modest decline due to Dollar sell-off and Euro relief rallies that are currently ongoing. That being said, I highly warn you to STAY AT THE SIDELINES FOR THE MOMENT when trading this pair as there is a high risk due to the current phase of the weak dollar-weak euro. As graphed below, these are the...
Hey hey! So far, we're on track. Attached find the yesterday's bounce-up-break-down idea. Now we're going to check whether we should sell (60%) or buy (40%). Why? The double top that was mentioned yesterday had been done perfectly, now the price is at an important key support level. In my opinion, the price will reach the grey line and then bounce back - the...
Hold it steady long, for 5 years? Hm, why not, juicy Risk/Reward ratio
EURUSD: After yesterday's powerful impulse wave the Euro is consolidating recent gains - but won't come back far. Look to get long if not already as per comment.
EURUSD: The Euro has broken up through significant last resistance today. It's still worth following before it runs away even further to 1.135 and then 115.05 over the Summer.
EURUSD: Further extreme Dollar weakness looks in store for Monday. The target given by the reverse head and shoulders off the bottom here continues to say 113.80 but ultimately the Euro should reach 115 before swing traders should consider shorting the Euro again. The big change in prevailing wind was only confirmed on Friday. There is much more to go for. Try to...
Long entry waiting a pullback reaction, target 100 pips.
Please do what you think is the best. Because I take a shitload of risk. This is what happens if everyone focus on trump. Trump can manipulate USD. USD has no value anymore.
EURUSD - Is there a Risk ahead of Trump meeting with China Xi this week? Will the DOLLAR beat the EURO again? The selling pressure of EURO has been scared a lot of EURO buyers in the Forex Market. But is there any sign that the bearish trend is now at the bottom line? or the coming NFP Non Farm Payroll report will give a real answer?
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the overall context is Bullish Bias remaining till the daily close above 1.06500. So the next target will be 1.07733. Bias will be changed if 1.06500 is taken out and daily close below the 1.06500. Then target will be 1.05520. Happy Trading. Follow me, Like the analysis if you agree and ask me for any technical analysis.
Major old supportive trend line touch, stops above it. Thank you!
The various trendlines are illuminated on the chart. The red lines and green lines are the resistances and supports, respectively. Since the pair has been on a streak and has been overbought for several days, the Fibonacci retracements , trend lines and indicators like stochastics, RSI, CCI indicate that its high time for correction. The pair most probably...
It has a Nice swing up yesterday but we are having pull back for now.. It may go back as 1.06 region. But BULL may still have a chance. If there is any advancement in price 1.07740 level will be a nice resistance. Trade Safe, s0nic