Contrary to GBPUSD, EURUSD ended last week with a very bearish candle, couple with relative equal lows.
A point of interest for me at the moment is the Weekly iFVG residing above to be used as resistance, especially if price does not break the nearest Weekly Lows to the left with any conviction.
Based on my bullishness on DXY, I see EURUSD digging deeper...
Last month we saw a sharp rejection after taking out a monthly high and monthly open. Currently no body has closed below the monthly FVG/Sibi.
I would be interested to see if price is drawn to take out the previous month's low, and if so, how does it react afterwards. If it takes out the second monthly lows, then the monthly FVG/Sibi would be a nice...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
we can see on a simple a view on eurusd in weekly chart that the pair for now respect perfetcly the long term down trend line since the high of 2008
so what we can conlude ?
can have a reversal risk ? or can the pair pass this down t- line who will be a hard bullish signal
dor now she go back down and we should beware of reversal,as we can see since some day she...
Alert Alert Alert Alert :
France Election : Emmanuel Macron Win as Expected . and every one even who trading Forex for a year all making Analysis Eurusd will 1.12-1.13.
I will must say Stay away from eurusd pairs its not that much easy to analysis this market as people thinking.
And must Remember a famous quote for this market
Buy on Rumors Sell on News.
Eurusd...
The reason why we feel EURUSD may Rise.
* On weekly basis it has just started moving up
* Bullish Engulfing in weekly Chart .
* To Rise and come near 1.1286 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Sinking..
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy...
We are expecting EURUSD to RISE
* CCI is rising
* RSI is rising
* STOCH RSI is rising
We suggest buy above: 1.1008 SL: 1.0987 TGT 01: 1.1058 TGT 02: 1.1081 TGT 03: 1.1151 Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
EURUSD is expected to sink now.
There are many reason why we feel it may sink.
* Bearish Engulfing in WEEKLY Chart .
* To sink and come near 1.0898 levels
* Stoch RSI (3,3,14,Close) clearly states it may sink.
* RSI (14,CLOSE) May not be of the same view.
* CCI (20,CLOSE) may not be of the same view.
Keeping in view the chart pattern we expect it to sink....
