Eurusd is in consolidation between support @1.08 and resistance @1.114. This week we recommend opening buy order @1.08 only on the way up. Under 1.075 we could see a continue bearish movement to 1.065. Remember all direction need confirmation before opening
We have exited our longs and are now short. We are seeing a head and shoulders top already in, or a double top coming (one more stop run is possible!) Looking to target just below: 1.1400 Enjoy!
PAIR CURRENCY: EURUSD DIRECTION: UPTREND EURUSD is predicted to go up in the next few days. All indicators are suggesting it, and the 1day candles show a strong uptrend. Like, Follow and Comment my idea!
EUR/USD climbs to 1.1940 and ready to move forwards Even though the Euro climbed more sharply than expected amid the news that Angela Merkel agreed to form large coalition with the Social Democrats, the movement remained in line with general expectations. As long as the pair stays within the medium-term ascending channel that is backed up by the rising 55-, 100-...
EUR/USD falls as Merkel fails to form coalition As the currency pair did not have any fundamental background that could justify a rapid move, it finished the week near the 55-hour SMA. However, in early hours of the new trading session it broke though combined support set up by the 38.2% Fibonacci retracement level and the weekly PP and approached the bottom...
EUR/USD starts new week near 1.1660 Despite a positive perception of ideas expressed by the US President Donald Trump at the ASEAN summit the Dollar is continuing to lose value against the Euro in a one-week long ascending channel. Although the pattern is supported by the rising 55-, 100- and 200-hour SMAs, the upcoming rebound from the 23.6% Fibonacci...
EUR/USD trades near 1.16 amid Chinese data release In line with expectations, the currency exchange rate continued to move in southern direction under pressure from the 55-hour SMA. A short dip below the weekly S1 located at the 1.1573 level as well as the subsequent recovery signified two confirmation points, thus confirming existence of a fully-fledged junior...
EUR/USD falls to 1.16 amid surprising US data A release of better that expected data on the US ISM Non-Manufacturing PMI led to sharp appreciation of the buck against the common European currency and resulted in a breakout from two junior ascending channels. An active recovery of the exchange rate seems unlikely, as the northern is contains a bunch of technical...
Morning outlook - EUR/USD trades near 1.1760 Due to anticipation of the ECB meeting as well as referendum on extension of autonomy in Lombardy and Veneto regions the common European currency slipped against the Dollar to the 1.7520 mark. As the northern side is protected by a combination of the 100-hour SMA and the weekly PP plus the 55- and 200-hour SMAs, the...
Morning outlook - EUR/USD breaks upwards In result of a decrease of the American unemployment rate, traders tried to push the pair through the bottom trend-line of a large falling wedge pattern. However, it made a rebound and in the early Monday morning left the formation in the northern direction. The surge was not sharp, as the pair still needs to cross a...
Morning outlook - EUR/USD moves near 55-, 100-hour SMAs In general, the pair continued to move horizontally between the 200-day SMA and the 100% Fibonacci retracement level, as expected. Unfortunately, none of the yesterday’s events caused any significant volatility in the markets. From technical perspective, it seems that movement of the pair was mainly...
Morning outlook - EUR/USD heads upwards after Merkel wins Although initially markets were positively anticipating the upcoming Draghi speech at Trinity College, but the subsequent reaction led to quite rapid recovery of the Dollar on Friday. To certain extent, such bearish movement could be related to anticipation of the German Parliamentary elections....
Morning outlook - EUR/USD prepares for EU Min Bid Rate As it was expected, a pressure from a combination of the 55-, 100- and 200-hour SMAs neutralized any further attempts of the currency pair to slip to the bottom. The exchange rate even managed to from a junior ascending channel and bypass the weekly PP at 1.1918, fluctuating within it. Today will be...
Morning outlook - EUR/USD breaks above 1.2000 The common European currency is continuing to advance against the US Dollar, using an upside momentum that was provided by the Jackson Hole Symposium. In result of the previous trading session, the currency rate has entered into a small ascending channel, which helped the pair to surge to the 1.2000 level. ...
I think the next step is the price will reach one of the previous support points. To me its seems logical that it will reach this point.
Suppose we have EDT in micro 5 wave of macro "C" wave. Anyway downtrend or deep correction. All the targets, you can find on a screen.
H&S pattern still in play as the break below the neckline failed. EUR bulls could push to a pattern completion middle term.