EURUSD is expected to sink now.
There are many reason why we feel EURUSD may sink.
01. It has not sustained quarterly buy level.
02. Bearish Engulfing pattern in daily Chart.
03. To rise and clear quarterly targets it has to come down to gain momentum for up move.
04. Stoch RSI (3,3,14,Close) clearly states the EURUSD may sink
05. RSI(14,CLOSE) Is also of the...
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Eurodollar after peaking at 1.1376 rebounded rapidly and at present, is below Tuesday's high of 1.1337. If within the next few hours, the demand side will not try to break through this resistance, we may be witnessing landslides eurodollar rate toward lower price levels. In this case, the supply side could lead to declines toward support at 1.1246 (peak of 5...
The outlook for EUR / USD:
On Friday, after a strong rally that took place throughout the week, there was profit-taking. Currently, Eurodollar located around 23.6% of the abolition of the past, and increases in my opinion, the adjustment should be deepened. In the coming hours, the supply should take the initiative and lead to declines in the level around 1.1081....
100 - 200 Pip Opportunity - EUR/USD Long - 05/02/2016
The primary trend of EUR/USD is bullish on charts and price is trading above the trend line in its daily chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.12750 and support...
The outlook for EUR / USD:
The currency pair is currently in a rather interesting place, just below the upper limit of consolidation (1.0945 level). Demand side stands a fair chance of fracture resistance and lead to increases in the vicinity of 1,0970-90. Further towards 1,1025-50. However, if there is no attempt to break away from the trend and demand side can...
The outlook for EUR / USD:
On Wednesday, there was an attempt to breach the resistance at 1.09 but without success. At the moment there has been a breaking of the downward channel, but it could be another false breakout. Therefore, we should consider the analysis of two ways.
If you believe that the breakout is actually in the coming hours, the course should...
Before us the most important figure of this week due to a Fed meeting.
Along with the writings of the meeting, the Federal Reserve will release its decision on interest rates. Members of the Fed will leave interest rates unchanged and certainly will refer to external factors that may affect the pace of raising interest rates in the future. Whereas falling oil...
I am not a long term trader however it is often good to know the prevailing market bias so that we don't make huge short term projections against the prevailing market bias. When you take a short position in 2016 it would be a good thing to be conservative with your targets as the EURUSD is going up. Once the 1.1059 break happens I see an area of resistance at...
