EURUSD is approaching its resistance at 1.1246 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially drop to its support at 1.1184 (horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding bounce could occur. Trading CFDs on margin carries high...
Euro index is approaching its resistance at 7.419 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 7.0073 (61.8% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 89% where a corresponding bounce could occur....
Euro index is approaching its resistance at 7.419 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 7.0073 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 89% where a corresponding bounce could occur....
Euro index is approaching its resistance at 7.025 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 6.9958 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur....
Euro index is approaching its resistance at 6.9504(100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 6.9159 (61.8% Fibonacci extension, horizontal swing low support). Stochastic (34, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur....
Will touch 423.60% level. Usually correction will be occurred after touching 423.60% level. Be careful!
I believe this range can extend up to 5 months in time until mid July , then we shall have a strong rally up.
EXY has a bullish divergence @ macd histogram. 115.7-116 is a possible reversal zone for EXY then it can make a rally to 118.1 and 119.5. Have a nice day, Berk.
Euro Currency Index seems that it will lose some power against other currencies during next weeks. April and May will be very important for EXY. Technical Analysis details: -I observed a divergence on weekly chart which can start a new bearish trend. -Stoch gives some bearish signals for future. -Wave Trend Analysis gives some signals that we are at the top of...
My Euro index broke its symetrical triangle to the upside and I a logical target would be 61.8% of the whole move down from the high which matches the 100% extension of the first wave within the triangle. There is also a trendline that should cap the price. Byuing the dips is probably the most viable trading strategy in the year coming.
My weekly euro index is breaking its LT consolidation pattern to the upside. I'll be watching the weekly close as a confirmation and will then opt for a one sidded buying strategy to target much higher prices.