EURUSD is likely to do correction after a strong uptrend and reaching a strong resistance level.
Possibility for breakout in case of news in favor of EUR.
Hello guys and good morning. So, I have good news for EUR, because using the fundamentals as technical analysis, EUR is continue the rally bullish from May.
So, yesterday, EUR/USD is touch my SL and there, my technical analysis was good and continue bullish based in fundamentals, but in H1 timeframe, we see a bullish risign wedge and the par is slow in the...
I think the price will create a pullback to 1.1149 or 1.0992. Nearly that areas we can open buy after false break out.
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The above charts show the EURUSD. The left chart shows the daily time frame. The currency pair is above its black 20-day SMA and the SMA is pointing up. The RSI is overbought and is normalizing (green rectangle). The right chart shows the hourly time frame. If the EMAs cross bullishly and the RSI moves above 50 (red ellipses), the EURUSD will look to move upwards....
Hi, guys, in this night to pick up benefit of this week. I see that EUR/USD is also in strong sell as EUR/GBP. Well, I have and find up this candlestick pattern with possible bearish movement to pick up 90 pips. So, this is a short technical analysis what I make, because in Daily timeframe we have overbuy and we need to make a correction of the price in Daily timeframe.
EURUSD DAILY CHART
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Another analysis gave the proper intuition behind the price behaviour. The EUR/USD has tested the Resistance one more time and now is pulling back. The pair is going to retest the old Support zone , so the price is expected to slowly rise.
Most likely EUR/USD will pull back to wave E in the triangle (I'm not 100% sure if my wave counting is right)
As of right now price is going down, getting closer to the triangle bottom resistance level (Wave D). Most likely price will bounce back to support level on the Triangle (Wave E). RSI and Stochastic indicators are showing divergence on 1 hour chart, which...
Good Evening Traders,
The EURUSD may be looking to begin its long awaited descent. On the 1W, price has hit a hard resistance point on a trend line drawn from the beginning of the downward trend that started in April 2018. Price touched off this line during this trading week before making a decline. There is the possibility of a false break-out occurring back up...
The market is still in uptrend, trying to reach the target at 1.14410. We think there is a nice probability to invert the direction.
We expect a breakout on the support at 1.12903 trying a short from the breakout to TP1 (38% Fibonacci and secondary support) and TP2 (50% Fibonacci and previous support).
Let us know if you like our opinion, and if you have some...
Hello and good night, guys, I gonna to make an technical analysis acutalization, because now EUR/USD is so prepared to correct the zone and make liquidation in all longs position, because EUR/USD does't have force to continue up, if you look in the H4 or H1 timeframe, we are in the overbuy zone, so prepare for correction, so my previously analysis I so cancelled...
