Just like the dollar, and since EURUSD has been moving in harmony with the dollar this week, EURUSD has clearly turned bearish after breaking below the key level of 1.1173 after the break below a rising trendline.
And all indicators such as MACD, moving averages and Bollinger band has pointed toward a bearish trend in the week to come.
Therefore in this week, we...
Wait for a bearish price action from the current blue box (bearish candlestick pattern, etc.)
- 2018 Low
- 2019 January low
- Daily EMA 50
- 4H EMA 200
- Fibonacci retracement 62%
- Previously worked support level becomes resistance
- Round number 0.86000
- The trendline
"The market generates behavior patterns and the patterns repeat themselves, but not...
I am sure you all made good profits as per my previous EUR/USD forecast. Last week almost all US reports were positive. GDP showed a 3.2% growth. Job growth, retail sales, manufacturing activity, and inflation ticked higher and supported our shorts in EUR.
Coming week is crucial for the American dollar — all eyes on FOMC meeting. Last time Fed was so...
The previous idea "Strengthening the immune system" received a lot of traction and it is time for a quick update here ahead of the vote in HoC today.
Volatility remains very high in the cross, and after the sharp drop overnight the ladder has been cleared for a move back through
resistance at 0.8670.
Watching this very closely and we have the potential for a...