Razvan

EURUSD - Holding its position

FX:EURUSD   Euro Fx/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)
xnedja
2 years ago
Today we have U.S. GDP forecast negative, if true we have break in the above ... Probably to 1.3665 ... Your opinion, is there any sense to my thinking ..?
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lgiulian
2 years ago
I wonder for how long this market will remain so close to 1.3600
Can be this level the true value? or it is only the silence before a big storm? Razvan, what do you think? The big players are expecting something?
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HamzaLeith
2 years ago
Hello Razvan, what do you think about this? cheers Hamza
snapshot
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Razvan HamzaLeith
2 years ago
Hello Hamza, pretty good technical Analysis there. It has a good probability to be met!
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HamzaLeith HamzaLeith
2 years ago
Thank you we are currently testing that very blue line!, I think we will break previous LOW soon!
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Razvan
2 years ago
-2.9 GDP, -0.1% Durable Goods, bad news for the dollar. The triangle was broken on the upside for the moment.
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xnedja Razvan
2 years ago
fibo (1.3990/1.3503) 38 % 1.3690/1.37 is my target ...
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Razvan xnedja
2 years ago
It is not that far from mine, so it is possible :)...1.37 is my best resistance at this point.
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Sam0101 Razvan
2 years ago
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
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Razvan Sam0101
2 years ago
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
2 years ago
thanks. It was so strong that it kept on pushing up. reluctant to go down any further
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xnedja xnedja
2 years ago
I have a target 1.3690
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