We had an awesome run on EJ in total about +480 pips. Now every Tom, Dick and Harry know that EJ is bearish. So, it may due for potential rebound, so enter short with care. As long as the price is below 132.6 regions, I will look for a short entry only. In a mid-term (3 to 6 months), it is going lower and the next support is 128.8 level. Trade Safe...
Price has stopped in a resistance level (129,00 aprox) showing a clear bearish setup. Price is showing a corrective structure(flag) wich has rejected 61,8% of fibonacci retracement. Also, price is below MA200. We must see a clear breakout of the corrective structure to think about a short trade.
Watch bat pattern on this pair. IS attacked on Spain and Finland would weaken Euro.
Add long at key support area 1.2800, target 1.2950
LONG AT 129.5X OR 129.3X. TARGET 130 OR 132/134 (IF EURO/USD GOES TO 1.18-1.20) BREAK 129 WILL SEE 128
Hey Traderz! Today, I have found a very good setup. Now, I already have a long position - for testing purposes. What I see is the following: On Monthly Chart there is a huge double bottom Both Weekly and Daily Chart provides information of going long on this pair We know that Euro has overachieved almost every G10 currency with an advance of 6%+ this year...
Bullish Flag The price is most likely to do a lower low in the zone of 120.20 61% Retracement of AB.
This is a quick trade. I anticipate it should hit soon. Profit target not far away, but since I feel it's a high probability setup, I suggest jumping in anyway. I'm a set and forget trader, but in this market, I'll do a confirmation entry. The only downside to confirmation is that you may miss out on the opportunity. My personal strategy, if price trades from the...
Bit late posting this analysis, bearish outlook on this pair. Pair has broken below monthly support and trend line with a retest and continuation. Along with 23.6% fib holding.