EURUSD - Holding its position

FX:EURUSD   Euro / U.S. Dollar
The EURUSD             seems to me a little bit boring. The 100 - 200 EMA Area is acting very well as a resistance. Here the price has drawn a symmetrical triangle. A break above the upper line would trigger a rally to 1.3665, while a break bellow the lower line could trigger a fall back to 1.3500. (I will keep my eyes for a false breakout above and a fast drop to 1.3550)
-2.9 GDP, -0.1% Durable Goods, bad news for the dollar. The triangle was broken on the upside for the moment.
xnedja Razvan
fibo (1.3990/1.3503) 38 % 1.3690/1.37 is my target ...
Razvan xnedja
It is not that far from mine, so it is possible :)...1.37 is my best resistance at this point.
Sam0101 Razvan
Hi Razvan, what u think about NZD/USD? NZD was so strong that will it break the resistance 0.87450 and go higher to 0.87998 with the bad news just released
Razvan Sam0101
I don't know if it will break 8745 today. On medium term I believe that NZD will get even stronger. I would say that it the probability is quite high for the NZDUSD to close above the current highs, given the current price action.
+1 Reply
Sam0101 Razvan
thanks. It was so strong that it kept on pushing up. reluctant to go down any further
xnedja xnedja
I have a target 1.3690
Hello Razvan, what do you think about this? cheers Hamza
Razvan HamzaLeith
Hello Hamza, pretty good technical Analysis there. It has a good probability to be met!
HamzaLeith HamzaLeith
Thank you we are currently testing that very blue line!, I think we will break previous LOW soon!
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