Price tested the resistance zone in a corrective manner forming a bearish continuation pattern, this confirms to me that price is still going bearish. PPI is to be released in less then 20 minutes and this will surely move the market.
We are looking at a potential sell here in eurusd because as we can see the price has broke below the channel and retested the channel again so this is a good apportunity to short this pair the upcoming week
As everyone knows, the DXY is very important and it will help us know the direction of the currency in general.
and from our chart, we can see the DXY and we understand that it will fall (weak), so, next week the dollar will be on sale - inshallah.
EURUSD > Key Levels > 10/15-20/17
Firm break and hold above 1.1930 level could indicate further strength to test 1.2000, with a break above this leading to 1.2100 level representing the January, 2015 high.
Expecting strong resistance @ 1.1965 level.
Strong support showing @ 1.1793 level, followed by 1.1764 which analysis does not support breaking these levels...
Hi All !!!
As you know (if we have spoken) I am about to start my new trading year. ready to (hopefully) achieve my targets of 25% profits per month (although this may not always happens!)
consistency and discipline is important in trading and even more if you are a home trader with a small capital. But Punctuality is even more important!! be there where you...