EU - Bullish - At Support Again
So, we see EU at the support area again...
Well, I have the same bias to the upside...
Unless we have a full bearish candle on the Daily or Weekly close under the support is when I will change my analysis...
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EURUSD have been trending down over the past few days - so far this session it fell quite sharply but I see Price is converging on the hourly chart with my RSI indicator, I am looking to buy it for short term.
We are back where we started...
Level of Support on Monthly Key Level...
and the same analysis! BULLISH!
We will have to see if this level of support will hold... If so I see price pushing back to the last Weekly Key Level about 400 Pips to the upside...
Price action's playing out as analyzed last week, so here's a quick one.
Our predominant trend on this time-frame is bearish since we have a series of lower-lows and lower-highs
Price has also hit our daily support zone coloured green
Candlestick patterns at 11/02/19-12:30 showed a possible trend reversal.
Price seems to have completed a wave (i)...
EURUSD is TESTING its resistance at 1.1500
this area is also 78.60% Fibonacci retracement
i am expecting EURUSD to test its top again
See previous analysis
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Hi dear xMammad Family, we have a new trading opportunity.
- RSI shows Convergence at these levels.
Sell when the reversal starts.
Targets are on screen.
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- Stochastics moving into Oversold conditions
- Price action close to a Short-Term Resistance Trendline (not a strong trendline and may break)
- Brexit uncertainty in its final stages may cause some volatility on the EUR pairs and GBP pairs; causing it to break the ST Resistance Trendline
- On a longer perspective, a...
EURUSD is breaking on top of the daily 50 EMA and is finding support on top of it.
If the support holds strong, we can expect EURUSD to beghin it's reversal and bullish move.
Wait for the close of the daily candle and take the trade once you have the signal on the 4H / 1H Timeframe.
Everyone is in debate about whether EURUSD is going to go up or fall. Many think it will fail, while contrarians such as myself, feel the shorts may get trapped. Only time will tell. The US Markets are in a slump and the government shut down is making the dollar loose a lot of steam.
EURUSD may take a nose dive, but we are all on the sidelines waiting for...