Technician

#EURUSD Short-term possible scenarios #forex

FX:EURUSD   Euro Fx/U.S. Dollar
3377 19 41
EURUSD             is showing some signs of life again, after the major sell-off we have seen in the U.S. dollar on Wednesday, However, most of Wednesday's gains were erased yesterday, in a heavily volatile few sessions.

What I am watching , two possible scenarios:
  • I am expecting another test of 1.1036-1.1113 resistance area, I would look for long signals towards that resistance.
  • If we reach there, and I see a bearish candlestick i wouldn't hesitate to short again, for short term targets at 1.0800 and 1.0612.
  • A break above 1.1113 resistance will probably confirm a more prolonged upside correction, i would target on that case 1.1440-1.1532 area.

Thank you for reading , be one of the first members of my new trading portal, check my new website http://thefxchannel.com/ , vote and subscribe. Thank you
------------------------------------------------------------------------------------------------------------------------------------------------------------
Good luck, keep your stops tight..
https://twitter.com/thefxchannel
https://www.facebook.com/thefxchannel
https://plus.google.com/+Thefxchannel0
My best regards
Technician
My live trades here https://telegram.me/technician_forex_trades
vdubus PRO
2 years ago
Have a good week end Mr T. :)
Reply
Technician TOP vdubus
2 years ago
Thanks mate, you too
-1 Reply
Technician TOP Technician
2 years ago
I like the Nickname :)
-1 Reply
Technician TOP Technician
2 years ago
Mr. T , sounds like a good name for a serial killer movie title or something haha
-1 Reply
Benczurfi Technician
2 years ago
google it lol
+2 Reply
Technician TOP Benczurfi
2 years ago
Hahaha, Mr. T is well-known actor and wrestler 8-)
-1 Reply
vlad.adrian PRO Technician
2 years ago
I first saw this guy on a teleshopping comercial for a cooker. He was cooking a stake and a corn :))
Reply
vdubus PRO Technician
2 years ago
http://2on2jq3zqfpd2i4rzs3oxtog9o4.wpengine.netdna-cdn.com/wp-content/uploads/2006/06/mr%20t.jpg
Reply
Technician TOP vdubus
2 years ago
LOL
-1 Reply
AristotelCostel
2 years ago
The answer is on the chart, during 3.02.2015-6.02.2015. Without a daily close above 1.8052, short is the only whay.
Reply
MuathAlBulbul
2 years ago
Next week is gonna be awesome!
Reply
RiccardoAnnoni
2 years ago
After these ups and downs it looks as if it is consolidating between 1.05 and 1.10. I still believe there is much more bearish pressure than bullish. The convergence of trendline with the horizontal key resistance area creates a wall that should push the price down. I will change my mind only on a daily close above 1.1.
I don't trust RSI more than price action, but if RSI close above 60 it is a strong sign that something is changing in the EURUSD.
+1 Reply
MuathAlBulbul
2 years ago
Waiting for a short update. Please Mr. Loay give us an update as soon as its due.
Reply
Technician TOP MuathAlBulbul
2 years ago
mmmm Mr Muath dont know what to tell you :)
-1 Reply
Technician TOP MuathAlBulbul
2 years ago
I suggest that you have a look at the NZDUSD and AUDUSD seem more trade-able now
-1 Reply
MuathAlBulbul Technician
2 years ago
Haha, was my comment that stupid? It's almost at the downtrend line, so I figured a drop might be happening soon! Lol

Any ideas on AUDUSD and AUDNZD?
Reply
Technician TOP MuathAlBulbul
2 years ago
Not at all. didnt meant that. NZDUSD is about to confirm a bullish breakout, while AUDUSD is testing the resistance
Reply
MuathAlBulbul Technician
2 years ago
Okay, just saw your AUDUSD chart! Waiting for your update. :)
Reply
Technician TOP MuathAlBulbul
2 years ago
Cool Mr. Bulbul
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