Fundamental Today we have good news about Dollar . Now USD have more power than EUR . Technical I saw wedge pattern on EU chart . Sentiment In trading view chatroom , guys trading EU short . Outlook EU has broke wedge support and its going to face another support at 1.13 . If EU break this support , it's going down to 1.125
4h and 1h short signal, good R/R ratio
If box breaks, wait for retest before entering. Depends on upcoming news. Consolidation isn't good, wait for the breakout! HTTPS://WWW.TRADINGVIEW.COM/CHART/ZRKAJD3S/
FX:EURUSD Perhaps the pair will adjust to 1.25 in the near future, but then we can expect a good downtrend towards parity.
Hi there, Here I found a beautiful Gartley pattern with a very good R/R ratio. The completion of this one also happen to be at the same level as good psychological number and a structure looking left. Given the volatility ahead of The Fed statement, trade like this one (good R/R) is a good way to approach the market. Regards, Fedro
sell @ 1.1396 for 1.1346; stop @ 1.1496 To see more ideas, check my blog
Price hit resistance at the top end of the 1.14 range where historically gains to the upside have been sort lived and unable to hold. A retracement down to the 50% fib level where price will likely consolidate pending the FOMC minutes that'll shed a lot more light on the dovish tone set by Yellen last week is the likely outcome for Monday - Tuesday as bulls can...
Reasons 1) Bearish hammer on 4h 2) Divergence in play with RSI and MACD 3) Price got rejected at key resistance level 1.141 Note: a) Taking half profit at trend line b) if prices break, taking the other half at 61.8%. If not, move to breakeven All the best for some quick pips. This is a short term trade.
We can see that EURUSD is on top of this channel and the zone works as a resistance twice.
The most common pattern after a large advance or decline is a triangle. In Elliott this shows up in wave 4. There are also a number of triangles showing up withing the very large potential forming triangle (in mauve lines). These are called FRACTAL pattern. If it's the blue path, it will likely be choppy for a while. (5 to 10 days) Then followed by a thrust...
As it's a non farm week markets will historically trade sideways pending the release of Friday. The weekly close below the 61.80% fib indicates further downside gains with a rest of the 200EMA and 50% fib likely. At this point it's likely price will break or correct at the 50% fib level towards the 76.4% or 38.2% fib levels where it will likely consolidate until...
EUR/USD finding support at 1.1146 with the SRSI heavily oversold and after breaking a previous downside soft resistance and showing some strength, MACD potentially cutting and EMA´s tempting too. Do you think we will see a rise unti 23.6% fibos level and not enough strength to continue?
As round numbers act as heavy S&R levels I feel that the Eur/Usd is clinging nicely to this level and i see a huge rise in the following days :)
The EURUSD seems to have hit the bottom of the fibb / trendline and tested. (bar closed near the bottom) Still waiting for confirmation (probably tomorrow), to see the price go further upwards. I will put in a buy order with a small s/l lets see what happens!
On a purely technical basis price should seek to re-test to 1.11 area Monday before continuing upwards. This is an FOMC week so markets will be on edge for the meeting Wednesday, with this in mind trade with added caution.
I am a bit surprised since lots of traders are bearish on the pair. To me the weekly (check the related ideas below) suggests a bullish trend. The monthly shows that prices are now on Tenkan Sen and are likely going to join the flat KS. It is gonna take time of course but it seems it's going this way and not down... Wait and see!