CapMoore

Further Upside Indicated by Ichimoku

FX:EURUSD   Euro / U.S. Dollar
47 0 6
The Weekly Ichimoku is looking constructiveand price bounced off the Yearly pivot point
yesterday and pierced through the monthly pivot point without any resistance. Currently
testing the horizontal resistance and Weekly equilibrium line (white line). With a bullish
MACD crossing a few weeks back, we may see further upside. As the monthly trend is bearish
this may be a correction, but even so it may be deep and might challenge the 1,16 top going
forward. Alot of talk about USD strengthening ahead along with dovish ECB, have many traders
selling this bounce. With lowered rate hike expectations from the US, a short squeeze may play out.
First upward target from here is 1,1330, Monthly R1. If breached as Ichimoku indicator warns of,
next target is the 1,1450-1,15 level, were 1,1450 is a horizontal resistance level , marking the
range top of this 1,5 year consolidation.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out