Razvan
Long

EURUSD - Signaling a Rally

FX:EURUSD   Euro Fx/U.S. Dollar
After a serious fall, the price action             is now signaling a rally for the European single currency. The Falling Wedge , accompanied by the positive divergence on the 14 RSI , will be confirmed by a breakout above the upper line. My targets will be 1.36 and 1.3630.
1.3600 was hit, scaled out and waiting for 1.3630.
Reply
I think area 1.3610-1.3615 is a more realistic target on 60 min chart. Anyway, we are in bearish bias on medium term
Reply
Razvan AdrianRotaru
You are right, for the moment it stopped under 3610 :)
Reply
Thanks for sharing. would be great if advise on SL areas? Kindly
Reply
Razvan HamedAghajani
The current low, in this situation would be a good stop. 1.3574
Reply
Maybe a different angle of of view ? I see the channel down, RSI divergence and 1,36 as a good resistance .. Bears are still in the game ..! Today, very quiet no news, who knows what the day may bring ...
Reply
Razvan xnedja
I am not expecting for the euro to get back ti 1.37 or higher, this is a short term analysis :)...i am still bearish on medium term.
Reply
xnedja Razvan
Razvan Thanks for sharing. Your analysis are very good for me, give me more self-confidence. Thank you and good luck
Reply
Razvan xnedja
I am happy to hear this. Good luck to you too :)
Reply
thanks for sharning best of luck
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out