pro_vin618
Long

Possible scenarios of EUR/USD in next months

FX:EURUSD   Euro / U.S. Dollar
In the weekly chart you can see price has been ranging within 1.1500-1.0500 since 2015 Q1. Pin bars showed strong resistance in blue area from 1.1350-1.5000.
And Bullish engulfing formed by previous 2 weekly candles can be seen close to 0.618 level.So crucial support area is 0. 5-0 .618 ratio, from 1.1066 - 1.0936.

If this region act as strong support, price may form a double bottom then goes up to retest the yellow trend line and blue zone, close to 1.1400.

If this region fails to support, pay attention to previous structures and key levels shown in the chart.

In the long run, both gartley and measured move( AB=CD ) are possible, depending on whether C point can come out.
So make a plan first then trade what you see!
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out