FX:EURUSD   Euro / U.S. Dollar
Options expiring 9/19 so there will be some interesting development coming soon. From the monthly chart, it has been stuck in the channel for the longest time. Upper band is 1.1346 and lower band is 1.0827 and equilibrium is 1.1087. 1.15-1.16 is the area to watch where the bulls and bears fight it out. Anything below this level the bears have the upper hand. The more important question to ask should be MACD's ability to go above zero. Failure to do will be BAD! In any extreme case of rebound RSI70 will be the target; before that we have to get above 50 and 60 first. For now I do not see any reason why we cannot test RSI50.

Comment:

It managed to hold above RSI50 despite the retrace ~1.120. If everything goes well, the MACD daily gold cross should also be coupled with a trend line break as well. A daily trend would yield 400-500pips. One must bear in mind for this kind of movement a 30-50% retrace is still possible due to FIBO guys but the general trend should still be up. Just manage your trades with the hourly chart when daily is positive.
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
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