EUR just broke out of the downtrend channel. it'll likely go up and retest resistance. CPI data is due in about an hour. target will depend on the data that is due to come out. I'm long at 1.10919 will hold this long and wait for CPI data before setting target.
EURUSD have been trading within multi days bullish channel - price almost close to the base of the channel but haven't tested it yet. Looking for the price to test the base as I am seeing momentum weakness here, scope for a bounce here.
the EURUSD has been trying, for the past couple of days, to break above the $1.12656 price sealing and unfortunately the Bulls have run out of Stream. The price chart is currently stuck in a trading range as now the Selling power is mounting over Buying power. The pivotal price level is $1.11875 and all Alerts are on this breakout!
EURUSD Forex major cross pair forecast and supply and demand technical analysis tell us the only way to trade EURUSD major cross pair is selling at new supply levels created. EURUSD has been trying to break lower and it did this week dropping strongly created a nice daily supply level where shorts will be possible if there is a retracement. Else shorts at new...
The short-term picture favors another leg lower, as, in the 4 hours chart, the pair remains below all of its moving averages and with the 20 SMA extending its decline below the larger ones, also converging with a Fibonacci retracement, the 61.8% of the latest bullish run at 1.1235. Technical indicators in the mentioned chart have spent the first half of the day...
So as you can see we expect EURUSD to go long. We think it will go long because the markt is now in a strong weekly buy zone. If you zoom in on the daily chart you can see we are now also in a strong buy institutional orderzone that’s been filled right now.
It will be much clear on the 4h chart, you can see the 4h trendline is been broken en...
Greetings from Vugar.
We compared H4 and D charts in EURUSD, decided that there is good decreasing channel is created.
- What should we do?
* Wait for upper border of this channel and sell from the top.
* Wait for the breakout of this channel to downside and sell massively.
In both case we have to wait yet. EURUSD may be dangerous nowadays.
In my previous post, I supposed that 13 months long correction finished and new EWA cycle has started at EURUSD and today chart confirmed my idea again with unbelievable daily and weekly bullish candle, which confirm that we gonna go to bullish trend :)
Chart finished to develope 1 and 2 waves of new Intermediate cycle inside 1 wave of...