EDIT: GRRR.. dunno why charting is coming up all messed up in publication:
^ chart above -- volume surge / RSI confirms bullish parabolic analysis.
Great opportunity for EURO esp. with Boris Johnson's hard brexit looming around the corner -- if you're a patient man/woman; I'd highly recommend this entry as it will def. be...
After formation of BAT pattern priceline of Euro / US Dollar famous forex trading pair has formed another harmonic bullish Cypher pattern and entered in PRZ area to hit the sell targets soon insha Allah.
Even thought B leg is retraced upto 0.307 rather than 0.382 fibonacci but rest of the pattern is behaving as required perfect cypher therefore I am ignoring this...
For those who like to scalp, here's a risky one.
I'd wait until all the timeframes are aligned for minimum risk, but you might catch a small correction here, remember to move your stop-loss closely as the risk is high, from my perspective.
Due to political dump falls in major pairs, market will be heading back to its position. As per my chart analysis, i can see a Long move in EurUsd
Open Trade: 1.1225
TP 1: 1.1272
TP 2: 1.1312
Book your profit with proper money management
EURUSD stay on high of flat. Right now it can go down to low flat level - 1.1302. I think - its preferred situation. Near 70% probability.
Or after breakout flat highlevel and retest it - you'll see retest :) - EURUSD can go higher to 1.1859 - 30% probability.
After a lot of weeks of decline and sideways, there is a potential for Euro to grow up!
When we look on the chart we can see a really strong bullish divergence on MACD and RSI also. The market is doing every time a new LOW but indicators are doing a higher lows. There is a possibility for Euro to rise again (mid-term). We can see 3 strong divergences and it...
Morning outlook - EUR/USD anticipates ECB meeting
Despite a release of better than expected US purchase orders data the currency rate did not manage to bypass the 55-hour SMA and soared in the opposite direction. The main drivers that pushed and are continuing to push the pair to the top are expectations on the upcoming ECB meeting. On the one hand, the currency...
The technical situation on the main currency pair has not changed. At the moment a small advantage is the demand side, which is trying to once again lead to break the resistance level at 1.12. However, increases are limited, as the market awaits Tuesday's readings, which may be the signal for a stronger movement.
If you receive readings support the European...
Today there was a false breaking. We returned between 1.08 and 1.0945. Another day of consolidation. If you do not beat the 1.09 and 1.0945 it is possible to return toward important support at 1.08.
Breaking resistance 1.0945 will open the way towards 1,0980-90.
EUR/USD has been trading within the inside bar candlestick pattern throughout the Asian and early London session. The long term trend is still bearish as the Tenken-sen is still below Kijun-sen and the short term moving averages (10 and 20 period) are still below the long term moving averages (50,100 and 200 period). The stochastic is showing this market is...