EUR

Cloud caps upside in EUR/CAD, technical studies bearish. After struggling at major trendline resistance, the pair has slipped lower to break daily cloud. Scope for test of trendline at 1.4625. Violation there then eyes 200-DMA at 1.4457. Focus on Eurozone final CPI, trade balance and ECB monetary policy meeting minutes for further direction. Support levels - ...

Sell EURJPY Technical Reasons: 1- strong resistance at 200 MA on the weekly time frame 2- failed to break the range that contains pair's highs 3- rejecting from 61.8% on the 4h time frame Fundamental Reasons: 1- ECB government council may show their concerns towards EUR recent appreciation 2- risk aversion is supporting JPY 3- if the ECB disappoint ...

A Head and Shoulders pattern might take EURUSD in a new Bearish ride. Cheers!

Buy above 1.1691. Stop loss at 1.1645. Take profit at 1.1795. Reason for the trading strategy (technically): Price is seeing major support at 1.1691 (Fibonacci extension, horizontal swing low support) and we expect to see a bounce above this level towards 1.1795 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is seeing ...

Two opportunities i took on the EUR/USD. First trade was a double top with RSI Divergence. The second was a .618 retracement from the initial move down, predicting the market will retest support levels. Risk reward is good with possible 100+ pip gain. Anybody traded this opportunity?

The European common currency is trading in a channel down against the Norwegian Krone. The given pattern is a relatively narrow short-term formation that can be considered as a part of an intermediate ascending channel. The rate reached the lower channel boundary of both patterns mid-session and therefore is expected to dash above the 9.32 mark to initiate a new ...

Sell below 130.07. Stop loss at 130.42. Take profit at 128.92. Reason for the trading strategy (technically): Price continued its drop yesterday and has reached our profit target perfectly. We prepare to buy above major support at 130.07 (Fibonacci extension, horizontal swing low support) for a bounce up to at least 130.07 resistance (Fibonacci retracement, ...

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bruh

double top advance pattern

The common European currency for the first time during the week did not follow in accordance with the forecast against the US Dollar on Thursday. As a result the short term situation was reviewed. During the last 24 hours the pair declined to once more reconfirm the lower trend line of the medium term descending channel pattern. Moreover, it reached the long ...

EUR/AUD was rejected at major trendline resistance at 1.5025, is extending downside for 2nd successive session. The pair has broken below 50-DMA at 1.4816 and price action has fallen below daily cloud. Technical studies have turned bearish, Stochs and RSI sharply lower. Scope for test of 100-DMA at 1.4712. Volation at 100-DMA could see drag till 1.4580. Eurozone ...

EURJPY broke minor trend line after it priced the chart for Export and adjusted trade balance news from JPY side. Trump's non-replyments about Korean threads made USD a bit strenghtened so EUR pairs affected as EURJPY do. As we see after breakdown at minor trend parrity made its retracement back to trend and bounced back. After minor trend we got a key level at ...

Sell below 130.07. Stop loss at 130.42. Take profit at 128.92. Reason for the trading strategy (technically): Price reversed nicely yesterday and is dropping nicely. We prepare to sell below resistance at 130.07 (Fibonacci retracement, horizontal overlap resistance, bearish price action, bearish divergence) for a push down to at least 128.92 support (Fibonacci ...

Hi traders: Keeping an eye on EURNZD short now. WE can see that daily chart has a nice rejection off key resistance area of 1.6200 forming a nice double tops on the daily chart. When we break down the 4 hr chart, a trendline has been broken, and formed a lower low. Waiting for a pullback to confirm the first lower high is a good entry down to 61.80%. Thank you ...

Hey traders! The daily structures showing one more down is a strong possibility. Is this an ending diagonal pattern on the 1hr and will it help us get a good entry for the daily structures down move? We will see!

Short opportunity off last years high .92250, EURGBP is likely to retrace towards previous support at .875, which will serve as our first profit taking opportunity, with a secondary target at .84 Trade idea is confirmed by a greater than 70 reading on the RSI, an overbought signal. SL: .925 Entry at: > .91 TP: .875/.84 Best of luck TW

EUR/GBP