Hi guys, Here some analysis on the EUR/USD pair: After some macro indicator such as a stronger non farm payroll in USA which showed higher wages, the DOLLAR got stronger and we saw a correction on this pair. Technically, the price has rallied since a long time and this might be just a natural correction. Currently, the trend is still up and I expect the price...
The complicated Elliott wave puzzle show us, clearly, what the probable entry level will be for a buy limit on EURUSD on the 1h chart. We are in full subwave III of the major wave 2. A 38% retracement would not fall below the resistance of the top of the wave I. A perfect fit for a good bullish restart.
The complicated Elliott wave puzzle show us, clearly, what the probable entry level will be for a buy limit on EURUSD on the 1h chart. We are in full subwave III of the major wave 2. A 38% retracement would not fall below the resistance of the top of the wave I. A perfect fit for a good bullish restart.
Fundamentals:- The rate hike due out in December from the Federal reserve bank in the USA is now old news and the market has long priced in dollar strength. What is coming to light in the Eurozone is the bailout agreement for the U.K. and the European inflation slowly picking up pace. ECB tapering could be on the cards meaning the ECB will be looking at ways to...
Looking fo a D completion of a cypher pattern at 1.14845. if price action hits this point i will be looking for targets at 1.16996 and a second target of 1.18452 these are also backed up by previous structure.
Personally I feel the momentum is slowly decreasing with every upside push of EURUSD, so there are chances that it can turnout as false breakout if it happens to be upside. So on anyside breakout we should be quick to act & grab the pips. There are various methods people use to predict the direction of breakout (ex: elliott's), well, Lets keep it pretty simple :...
EU About Time for rise - it Will be A long Journey no doubt! but 1.10 Cometh
Bounce off the lower channel line back to support turn resistance channel line.
Looking at the DMI, there has been loss of momentum for a down trend, showing an upcoming uptrend
After long time back to patterns, even I feel excited about this pattern setup. So if you are pattern trader and ratio's match and its in your trade plan , pls check your risk reward n enter long positions. Thanks for your support...Happy Trading !