EURUSD - Question marks (maybe bullish question marks)

FX:EURUSD   Euro / U.S. Dollar
418 1 9
- Ichimoku setup turning more neutral, Chikou Span gets close to hit past candles (26 weeks ago). Price could not break back below Kijun Sen (26 weeks average) and Tenkan/Kijun is still in same weka bullish position.
- After Price initially moved to the South, finally it could not make a lower low. This week Heikin Ashi turns bullish-like again, but the week has just started. Price is still trading in a very tight range just around the 26 weeks average
- Watch Tenkan Sen as next supp/res at 1,1130. A close above that could send Price closer to 1,15

- Neutral Ichimoku setup with a relatively thin Kumo cloud above price. Supp/res levcels: 1,1013 (Kijun Sen), 1,1059 (100 WMA ), and most importantly 1,1130 at Kumo, which would also mean a bullish break of the triangle.
- Heikin Ashi has turned bullish again, but Price is stuck in triangle, which has become extremely tight. If this triangle breaks on the upper side, tgt             will be 1,1430-1,1500 area, up to the major downtrend line.

It is still not an easy call here, with a lot of question marks, but the whole picture and Price action I think shows slightly higher probability of a bullish wave to continue. Anyway, the reversal point and break level is ard             1,1120. Stop buy orders can accelerate above that.

p.s.: I am long outright and through October 1,1400 Calls.
Bullish breakout attempt today
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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