The price has continued to look bearish since then, being held down by another bearish trend line shown in the price chart below which has had three touches. There are many resistance levels piling down on top of the price, and the short-term price action also looks bearish, in line with the long-term trend. For all these reasons, I have a bearish bias today, but...
Intraday target: 6378
EUR/USD: Daily perspective: The support area at 1.1479-1.1583 is still in play. Thursday’s movement chalked up a reasonably strong bullish rotation candle, though Friday’s action formed a concerning indecision formation off local resistance circling the 1.1530 area. H4 perspective: Friday’s non-farm payrolls rose 134k in September, below the expected 185k....
Intraday target: 6378
EUR/USD: Yesterday EUR/USD tested H4 resistance at 1.1540 with a spike so at the end of H4 we get a bearish pinbar trade, this mean that we have still a lot of sellers here. We are looking for potential short opportunity from 1.1515 with a potential target at 1.1432 with stop loss around 1.1600. Today are very important news on the board so trade careful and don't...
EUR/USD: In last 24 hours price drop down and break strong daily support at 1.1510. At the moment price moving in the range of 10 pips for the last 15 hours. We expecting that today price will hit next support at 1.1432 so around 40 pips lower from now. We will looking for the sell opportunity if the price hit again resistance at 1.1510 today. Today’s data...
Intraday target: 6378
EUR/USD: We are still looking for potential intraday target at 1.1430 ( 110 pips target ). Areas of consideration: A fakeout of the current H4 supply zone to bring in sellers from September’s opening level at 1.1595/round number 1.16 is a possibility today (yellow zone represents a fakeout area). A short from 1.1600s would place one against possible daily...