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Breakout-pullback

EURUSD without a clear directionEURUSD is still trading sideways without giving us any good trading opportunities. This happens quite often on this currency pair and in periods like this, we would rather trade something else. We need to see how it's going to react to its resistance and is it going to reject it again. We will be looking for selling opportunities but before that we have to wait for confirmation to do it. Meanwhile, we're still looking to trade the JPY cross pairs!
by ForexTrendline
12
EURUSD post FED Yesterday, FED hiked the interest rates to 2.5% but that didn't lead to increase in USD. Those expectations were already played out and we even saw price dropping. We are still trading sideways and we're yet to see if price will have enough strength to break the resistance. Right now, we won't trade the EURUSD because it looks like there's not that much momentum to the upside but at the same time it's still early to sell. It's probably best to focus on the cross pairs where we may have better opportunities!
by ForexTrendline
3
Is that the bottom on EURUSD?The main questions that we get right now are if that's the bottom and are we going to see a reversal. The downtrend is really strong and we're expecting to see a breakout of the 1,0000 level. Right now, we're in a pullback and we would expect to have more selling opportunities once it ends. Such opportunities would be if price manages to push higher to around 1,0150 and it then reverses. The targets will be again a retest of the lows and also a possible breakout. Therefore, the trend is still valid and we should see a new lower low!
by ForexTrendline
5
CAD/CHF: Long position, break outCandian Dollar/Swiss Franc formed a bearish channel in H4 timeframe and made this break out and pull back in the H4 timeframe This it's the Daily timeframe and we supported the zone of $0.7400 CHD like key support strong in Daily chart as bull continue climb the price. But now, in H1 we pass the pull back confirmed and I think that CAD/CHF will go bulish now. I entry right now in the price of $0.7471 CHF, Stop Loss to $0.7445 CHF (24 pips) and target to $0.7552 CHF (83 pips) I hope that this analysis support you!!! Good luck!!!
Long
by harisonhbn9718
6
The pullback on EURUSD will continue to 1,0660In the beginning of the week we talked about the potential pullbacks on the major pairs. Yesterday those pullbacks happened and we can now say where it will possibly end. EURUSD is trading in a clear downtrend on the H4 and Daily timeframes. But a part of this trend is a deeper retracement. Exactly what we see right now. That indicates for a push up to 1,0660 and maybe even higher before the next drop and price eventually breaking below the low at 1,0350. We don't trade the pullbacks meaning we're not looking to buy but instead, we would rather wait for another selling opportunity.
by ForexTrendline
25