EURUSD is consistently trading in a very narrow range which highlights the fact that there could be a REVERSAL very soon.
That being said, it's quite evident that the cross is trading in a BEARISH CHANNEL.
Look for SELL entries between 1.1230-1.1260 with SL above 1.1270 and target 1.1080
If price breaks above 1.1280 look for buy opportunities with TP target 1.1440
What are we expecting from this pairing this week...
We can see price was respecting a lovely trend line for around 6 weeks, price recently made a bullish run and broke out of this trend line, what we are expecting to happen is price coming back down to respect this trend line and then pushing higher to reach our resistance zone ( green box )
You can also see...
What are we expecting from this pairing this week...
We can see price was respecting a lovely trend line for around 6 weeks, price recently made a bullish run and broke out of this trend line, what we are expecting to happen is price coming back down to respect this trend line and then pushing higher to reach our resistance zone ( green box )
You can also see...
EURUSD is consistently trading in a very narrow range which highlights the fact that there could be a REVERSAL very soon.
That being said, it's quite evident that the cross is trading in a BEARISH CHANNEL(Blue channel in my chart).
Hence, it would be a good idea to SELL the rallies when price reaches the TOP of the channel.
There are plenty of resistances, at...
BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
1) European data released these last few days was generally encouraging, underpinning the common currency. Services output was upwardly revised in April, investors' confidence improved, and retail sales ticked higher. However, the European Commission downgraded growth forecasts for this year and the next, leaving inflation ones unchanged.
2) US data, on the other...
Let's see how price reacts today or tomorrow at the 1.1200 ,if we stil lgettin daily clsoes below this area we might see a new push to the downside for atleast 100 pips
Looking to sell EURUSD. I do believe it'll make one more push up to potentially have a 4th retest of the trend line, but all in all - I think it'll tank after that. The Weekly & Daily moving averages all match up for a short, and the DXY is slowly heading higher and higher.
I do believe EU will retest 1.12300 before pushing back down!
1.11200 where the last low...
Even though the economic calendar is relatively thin into the start of the week, it will be interesting to see the aftermath of the Non-Farm Payrolls last Friday, Retail Sales data from the Eurozone today and the market's reaction after Trump's announcement of new tariffs on Chinese products on Sunday, emphasising that the negotiations are not going fast...
Possible short for EURUSD. Price is still moving below both the 200 EMA and the 50 EMA indicating another short bias. The price has also been recently rejected at a local resistance zone and is heading towards a local support zone. Price action has played a big part within this trade. FX:EURUSD
BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
News:-
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#One thing is that most of the members say that after the second quarter, the economic growth will revolt. In the second half of the second half of the second half of 2014, growth will increase in the second half of June-July. As soon as we enter the EuroBo mode, it will not be possible to enter the beginning of June or enter the last week of...
I always have said that NFP follow the trend in the higer timeframe of the main USD pairs so this would be one of them where EURUSD keep showing us that 1.1200 is avery key and improtant level ,yesterday after some high imapct news we could see how price could stay above 1.1200 and created a long wick indicating a big rejection so right now if in the low...
