ACTIV8X
Short

Ahead of Jobs day, will the EURUSD continue its slide?(DAILY)

FX:EURUSD   Euro Fx/U.S. Dollar
The parity broke its EMA 20 showing another signal that the trend is still bearish , unless some technical correction occurs.

The daily Pivot Point is around 1.11501, and the 3 days PP is around 1.1242. The parity opened at 1.11209 below its daily PP, which suggest a bearish market ahead today, with 1.1058 and 1.0994 as supports. The parity will have 1.12141 as its 1st resistance and 1.1302 as its second resistance. The latter two levels will be tested if any technical correction was meant to happen.

On the short run, I think that 1.0994 is a suitable objective with 1.1058 as a primary objective. But I would also be very aware of the US job report today, since it is job's day.

Currently the Orange and the blue trendlines suggest the existence of a triangle, and today's close below the orange line suggest that the parity is giving signals of a slide towards at least 1.0994, unless today an inversion doji is formed.

The blue resistance and the orange support represent the area in which the parity will be active today.

Sugito_Laras
a year ago
looks similar with mine, but I have little different for placing point at 1.1043 - 1.1016 or more deep decline below trendline 1.0935. except all of this, just looks for a moment that we have double inside bar formation above in Daily TF, and all of that is broken below from the previous lower mother bar. Chart is full of probability, NFP fundamental here can mess it up anyway. tighten seat belt with a good placing SL, it's just my personal opinion, maybe looks stupid and fail.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out