moving up towards area of resistance at 1.3036 where we can hope to see a reversal and a continuation of the downwards trend. however if this area is broken we could see a rise towards the upper support line and then a reversal and continuation of the downtrend.
The latest stock market growth has sent DAX to the top. So the channel level has been broken down to 11,990 and we can recover from an increase of 12,140. Then you will see a decrease of 11,880 and a breakdown of 11,690 to continue with you at 11.150
Price just made its way into a previous monthly resistance that could hold as support for a little longer. We definitely had some buyers waiting there in the previous months showing the strength of this level. (ORANGE LINE) 1.12150 is our support which has been holding back that bearish momentum. There's also a break of structure on 4h at this level. Reinforcing...
Looking for EU to head to lows of the trend line if it breaks current resistance.
But just because the UK is fickle on leaving the EU for the WTO, its still not sure if ready to make the jump. EURUSD in the upcoming week will almost entirely be moved by Brexit, however concerns over a slowdown in European growth may be justified with more weak EU data, particularly in central bank speak on Tuesday, German CPI on Thursday, and unemployment...
Brexit and fundamental data are the most important components of EURUSD, but these long-term trend lines are probably impacting as well. Economic sentiment that came out on Tuesday was quite lackluster, pretty much like the overall EU economy. No more event risk this week other than Brexit. I wouldn't be surprised if the downtrend is extended, but my bias to...
EU has been in a ranging downtrend price action shows its currently approaching a key resistance level, will be looking for a touch to the 1.3600 level and then after should be a good entry for a nice short in for 230 pips
Reasons for entry: - 88.6% fib rejection + pink line rejection - 1.1300 Major psychological level - 2hr bearish engulfing, 1hr evening star - Price is losing moment and beginning to stagnate Entry Timeframe: - 1hr evening star - 1.1289 Stop Loss: @1.1307 (-18pips) Take Profit: Target 1 @1.1250 (+39pips) = Risk/Reward : 1:2.1 Target 2 @1.1200 (+89pips)...
4H chat shows us two key levels of resistance. I am expecting a bounce off either S1 or S2 (as shown on the chart) to re-test the TL in this descending triangle. Confirmation of this trade to enter long would be a bounce either S1 or S2.
EURUSD BREAK DOWN DAILY: - MARKET STRUCTURE IS BEARISH, CAN SEE 2 LHs AND A LL - PRICE IS CURRENTLY AT A 50% RETRACE FROM PREVIOUS LH TO LL - EMA AND MA CURRENTLY BEARISH 4H: - CURRENTLY PRICE HAS MOVED BELOW 4H SUPPORT, WILL CONTINUE TO MONITOR AT THIS TIME, - LOOKING FOR AN ENTRY AT THE RETEST OF THE SUPPORT AREA .
Price can make a pullback up from key buy zone Near 1.1289 is a good place to open buy with low risk Goals 1.1327 and 1.1392
EUR/USD Video overview.
EU now can set buy limit at 1.1250 Check H1 time frame for better entry point and Confirmations. You can go long now. Take care your self.