EURUSD reversed off its resistance at 1.13331 where it could potentially drop further to 1.11514.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EUR/USD Wave Analysis
The counter is currently is in a strong bull cycle.
It has completed wave 4 in the form of a falling wedge pattern and has broken out of the pattern.
Hence, we expect the counter to be bullish in the near-term.
EUR/USD is unable to break the resistance level near 1.1450. This area is a very strong resistance and so far sellers have managed to keep the price below the resistance level.
EUR/USD may do some temporary pullback close to 1.13 but the it is very likely that bears will take the price below 1.10 in the next few days.
So, the best trading plan is to keep...
EURUSD reversed off its resistance at 1.13331 where it could potentially drop further to 1.11514.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Currently, EUR/USD is trading at 1.1254. The pair may start a new up trend if it breaks the resistance level at 1.1258. The pair is now moving towards its resistance levels. If the price breaks the resistance level then it may start a new up trend. Its first target price will be at 1.1404 and the second target price will be at 1.1494.
Follow a proper risk...
EURUSD has given a big upside movement, in channel pattern. From the resistance level of channel pattern, it has retraced toward the support level of channel pattern, by consolidating in a falling wedge pattern. As per chart pattern analysis, we might see upside movement from the current support level. One can trade for the long side with proper risk management...
Like drawn on chart we see a Head & Shoulders pattern and price has already gone below it, So by the opening of markets I think it is a good setup for Sell.
EURUSD reversed off its resistance at 1.12354 where it could potentially drop further to 1.10263.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
- EURUSD rejected 1.1422 short term top. Initial bias stays on the downside this week to reach 1st support of 38.2% retracement at 1.11250.
- In the bigger picture, as long as 1.1496 area holds as a resistance, the whole downtrend from 1.2555 (2018 high) should still be in progress. The next target is 1.0339 (2017 low). However, a sustained break of 1.1496 level,...
Looking at the price action in EUR/USD, it seems like bears are in full control of this pair now. So, how can you trade this and what are the possible entries?
Sell Entries
The best area to open sell will be at 1.1210 with target at 1.1030 provided price action shows bearishness.
Hello everyone!
This is my analysis on this pair. As you can see we had a very huge impulsive move to the upside, we then found Resistance on a Daily Level. After rejecting we then created a pattern that I'm sure you are familiar with, the Falling Wedge. This is a Bullish Pattern. We have also reached a very important level on the trend line, so we are expecting...
Hello Traders.
Glad to present EURUSD priceaction forecast near future through Symbiosis of methods and different analysis .
In case of Longterm price movement, there are exist several targets:
1'st low targets = 1.23286 - 1.25000
2'nd middle targets = 1.36468 - 1.40000
3'd high target = 1.45000
4'th highest targets = 1.49937 - 1.58534
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The counter has been declining ever since it hit the 52-week high of 1.14208.
It found support with a trendline and trying to claw its back.
It is evident with the formation of an inverted head and shoulder pattern, however, the neckline seems to be a tough nut.
A break above the neckline can push the price either to resistive trendline or price action resistance...
EURUSD to reverse from its downside confirmation at 1.1229 where it could potentially drop further to 1.10263.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURUSD price action is trading within a multi-sessions bearish channel. Seeing a Head & Shoulder pattern on the 4hour chart on this market, momentum have been weakening across the short term time frames as well, expecting another move lower towards the 100% of the Fibonacci projections and even to 1.27% in the near term.
Trade Safe!
Hello everybody! How are you doing?
As you can see in this chart,
1- EURUSD is touching the strong resistance.
2- The MACD and Signal are touching each other and getting ready for a great and strong downward trend.
3- MFI and RSI are high, so we are having a strong and great downward trend.
I entered the sell trade,
HOPE THE BEST FOR THIS TRADE :)
