-FIBONACCI GOLDEN RATIO
-HEAD AND SHOULDERS FORMED
-TRENDLINE LIKELY TO BREAK
Waiting for a clear break of the trendline and supp zone at 1.1075 and a potentiall retest of the zone to look for sell entries #tradesafe
EurUsd has been in a downward trend for over two years now, this being very clear on the weekly chart.
The attempt to change the trend failed and form a clear resistance around 1.2 zone
Also, the increase from the minimum of1.0880 formed a flag, clearly visible on the weekly chart.
I expect EurUsd to continue down and challenge 1.0880 support in the next week or...
The technical cross-section**:
A strength of trend: 2
The priority area of transactions: buying
Buying in the area of 1,1080 with a stop below 1,1040 and a profit in the area of 1,1150.
Buying in the area of 1,1170 with a stop below 1,1210 and a profit in area 1,1090.
Selling in the area of 1,1220 with a stop...
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information...
Overall, EUR/USD is moving across. Recently, EUR/USD moved lower.
The eurozone final CPI data will be released later at 1800 (SGT).
Final CPI y/y (Forecast: 1.3%, Previous: 1.3%)
Final Core CPI y/y (Forecast: 1.3%, Previous: 1.3%)
If the released data are better than (or worse than) forecasted, euro may strengthen (or weaken) respectively.
EUR/USD’s next support...
There is a three drives pattern that could materialize on the eurusd chart. For that to happen, the price has to stay within the uptrend channel and hit the third high. Having accomplished that, the price action will be sent into a bear run to values below 1.1100.
Hello Traders !
Finally EURUSD could drop like a mentioned in the Analysis. Now the price is at a Demand Zone. I expect the price to go up and to break the resistance.
Hope you enjoy my Analysis.
Let me now in the comment section below your view on EURUSD and what you think about my Analysis.
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Thank you and we will see next time
PrimeXBT would like to call your attention to a special analysis overview of EUR/USD.
Last week’s US jobs report triggered some selling pressure on the greenback, subsequently leading a trading range in the US dollar index (DXY) to form. Yesterday, DXY broke lower from the range, signaling more short-term weakness.
The U.S. dollar is...
Welcome to PrimeXBT’s latest trade idea, focusing on EURAUD’s price action.
Combine China’s numbers with stronger Markit Services and Composite PMIs from many European countries and with the EU as a whole, and we get a strong case for a move higher in EURAUD.
EUR/AUD bears will look to short near 1.625 with stops above the key resistance level....
(Prediction 9) (Currently at +40pips)
You have 73.64% chance of earning 20pips and 62.39% chance of losing 20pips within the next 24 hours.
Entry price: 1.11401
Take profit: 1.11601
Stop loss: 1.11201
(This applies to timezone UTC+8 16 Jan 2020 11pm to 17 Jan 2020 11pm)
(Enter at your own risk, 1:1, you either get 20pips or lose 20pips)