HumbleTraders
Long

EURUSD - Bullish scenario

FX:EURUSD   Euro / U.S. Dollar
65 0 1
For bulls who watch this market, it is clear that the pair just reached the lower band of ascending channel and the correction to the upside is possible. Technically speaking, the pair has been printing lower prices for almost a month and it should find some bids around the current level.

The current level (1.1110) is close to 50% Fib retracement from the 1.1620 top and the daily stochastic is forming a divergence. These conditions should further support the short term correction.

Bulls would have to wait for the price to form a bullish reversal before long positions might be entered.

See the price printing higher high on 30min charts (above 1.1250) and let is retrace back towards 1.1190 area. This would be a great place

For more details go to http://humbletraders.com/technical-analysis/
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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