FX:EURUSD   Euro Fx/U.S. Dollar
925 16 16
I find it quite useful to draw trend lines on a longer look back period RSI .On a longer period RSI such as I have here it's a good idea to have 2 other oversold / overbought lines, 65 & 35.You can see here that the Euro             last topped at and near 2 trend lines,at the same time the RSI was close to the 65 level, also note the negative divergence between RSI point 1 & 2. Euro             began to turn down at point A and 3 RSI supports were broken. EurUsd             is now at a pivot and trend line support, near term upside target is 1.37.Failure to hold here could see the Euro             fall to 1.32 level near term.
FXKOPPA
2 years ago
no more analysis on euro?
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nmike MOD FXKOPPA
2 years ago
.... long term bearish, as long as the monthly price action stays bearish use overbought on daily frame to short, for example with this template you can use any upticks in Trix or overbought Stoch to enter short.
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nmike MOD
2 years ago
....long term KEY support support pivots
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nmike MOD
2 years ago
...no sign of a revesal on monthly and weekly frame, current candle action suggests further downside
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DanV MOD nmike
2 years ago
Not yet. There appears to be some more room to the downside still. Might last End of Jan/early Feb. The counts might extend but for now it seems OK
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nmike MOD DanV
2 years ago
...thanks for your input Dan.
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DanV MOD nmike
2 years ago
yw
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FXKOPPA nmike
2 years ago
Thanx for it , what is the next downside target . 1.0500?
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nmike MOD FXKOPPA
2 years ago
likely around 1.07 if breaks channel / trend line, will be interesting to see what type of candle forms here by the end of February
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nmike MOD
2 years ago
....support lines update
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nmike MOD
2 years ago
....currently below KEY trend line
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ohitsZoya nmike
2 years ago
:)
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nmike MOD
a year ago
......EU is still long term bearish & price below short term 5ema on monthly frame---daily frame shows last shorting opportunity with trend. On daily frame we have positive Trix momentum and bullish candle action ...likely price moves up to about middle of red averages short term
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IvanLabrie PRO nmike
a year ago
Agreed, waiting for a clear shorting opportunity here.
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nmike MOD nmike
a year ago
....middle of reds hit
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