FX_IDC:EURUSD   Euro / U.S. Dollar
4733 17 108
It doesn't make much sense to analyze the monthly context, it still lacks a week at the closing candle, but we wanted you to notice the "corrective structure" in play: If you look at the impulsive leg "BC" (yellow-green), formed between 2013 and 2014, we can see that the ABC corrective structure (blue), has developed a bearish impulsive swing till 1.0425. In the second half of the year we can expect an additional ABC corrective swing with potential target around 1.18/1.22. Most likely the FED will raise interest rates in 2016 and this could support a continuation of a technical rebound on eurusd             . Friday, the pair has reached the key support at 1.09, if it will maintain this area, we can expect a rebound, instead we will see a re-test of the lows.

Look at our Medium.Long Term Analysis:

We hope that our analysis can help you in your trading, if you think that our work has a value, support us with "I Like" button ... thank you very much!!

TRADING ROOM: http://www.nonsolotrading.com

Comment: Very important Today's closer!!
What's your view on the longer term trend channel if you consider IDC data since ERM? I see bullish divergence on Month chart and bottoming € in the overall bullish channel. This is a time frame that is bigger than my life experience, so I'm not comfortable putting my money on it, especially when nearly everyone is bearish on EU. I think it's possible that we'll see below parity exchange rates, but I think it's not probable that the long term trend is broken. IMHO 1,70 doesn't seem so utopian in a few years, especially when considering the fact that bullish moves on EU were very fast with strong trend compared to choppier bear moves of the pair. That's why I chose Heikin Ashi candles, to show this.
Maybe Brexit will play it's role... We'll see. Just wondering what your opinion on this time frame is.
I think we'll see a sharp move to 1.178 by mid Aug, then the log awaited drive to parity and below.
+1 Reply
...same idea!!!! :) but we need some confirm.... :)
FXKOPPA SignalSwiss
I think 11230 break is bullish sign
+1 Reply
https://gyazo.com/0f1ca7e79f2b9b2fbdd39a0fea22aa8a ,
,618 fibo level after brexit , I beleive 11230 is fair price if it break for bull
+1 Reply
should it close above 1.114 ? rgds
Hi....whats the close level that one should watchout for ? rgds
+1 Reply
Hi! ...wait our next updates/analysis....
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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