NICE TRENDLINE BREAK. we expect the pair to continue moving down
EURUSD is approaching our first support where we might see a corresponding bounce in price to our first resistance. Stochastic is also approaching support where we might see a corresponding bounce in price.
BUY THE SUPPORT AS THE LAST CANDLE CLOSED ON IT AND NOT UNDER IT
Looking at the continuing bearish bias on the pair and break of the ascending trend line I am considering shorting this pair with an aim of reaching previous lows as an overall target.
EURUSD broke the trend in 4H chart and shown a bearish momentum
Pair: EURUSD Prediction: Sell / Short Target: 1.12100
Going short on EU - about 290 pips - Could take Up to 2/3 Weeks to hit TP which is the next support. Hopefully by the 31st of this month which is A friday the TP will be HIT. YOU HEARD IT HERE FIRST LIKE AND SHARE
EURUSD Idea Short EURUSD Idea Short EURUSD Idea Short
EU as significant lines which has to be broken with inevitable targets at 1.07 and lower. However, before moving to south I do expect that price will print 1.13.
Price is approaching our first resistance (horizontal overlap resistance, 100% Fibonacci extension, 50%, 78.6% Fibonacci retracement) where we might see a drop in price to our major support (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic is approaching resistance as well. Trading CFDs on margin carries high risk. Losses can exceed the initial...
As long as we are within the descending channel and the trend is downward and the eurusd is below Moving averages 100,200 and the Ichimoku indicator gives a short signal, there is no reason to change position and try to be in a position of buying. We stay with our sell recommendation!. Entry price: 1.1210 Take profit: 1.1120 Stop loss:1.1265
Disclaimer - I could be wrong/Trade at your own risk...
2 h.h and 2 L.L created , possible establishment of a downtrend () possible retest of zone 1.12309 for resistance in confleunce with fib level 0.618 and down trend line. berish momentum is strong due to the angle of the trend line, wish adds to my bearish bias.
EURUSD is approaching our first resistance where we might see a corresopnding drop in price to our first support. RSI is also seeing a bearish exit.