Dollar is at TOP HIGH, expected to reverse
Reason is USA CHINA trade tension, so Investors bought safe haven USD and CHF, HOW ever, with any GOOD postive Talk, This will fly up.
ALSO, GBP is lower, effecting EUR, a good talk in Brexit should help EUR also slightly. NO Rate Cut from ECB so EUR WONT BE VERY WEAK, but on the other hand, Tension on USA CHINA trade...
Hello Traders! In my previous analysis, I mentioned about SELLING THE RALLIES. Since then, the price has dropped more than 100 pips.
However, the movement in EURUSD has been VERY SLOW since the last few months.
EURUSD is still trading in a BEARISH CHANNEL and the best approach to trade this pair is to :
1) BUY at the BOTTOM of the CHANNEL around 1.1040-1.0160...
I got an upcoming opportunity to buy/long here depending on future market/price action as per confirmation inside my Bull PRZ. Price breaking and closing below the red line will invalidate my trade Setup A hence moving to my next key potential level to buy/long (Zoom out to see next level). Red line giving me an added bias (confluence) a level that must be...
In the first two charts I talked about the relationship between bars then the relationship of a group of bars. This chart looks at how we play the base of the leg up or down and what occurs when a base of the leg is crossed under or over.
EURUSD found support at 2 month falling trendline, awaiting retracement to supply zone at previously broken trendline.
Expecting EURUSD to drop further after reaching said point around 1.11991.
EURUSD has been in a massive downside momentum. We are close to a strong Demand zone at 1.11371 and 1.11106 level where we will be looking for Long trades in the Zone but that doesn't mean that we cant take advantage on the short term movement to the downside before going long on this pair. We can see on the M15 time frame that we have a pattern in a pattern...
#EURUSD
FXTRAIT MARKET ANALYSIS
Considering the weaker euro lately i wouldnt be surprise if the euro heads on for its base low in 2017..
Long term view: Taking a look at the daily chart above we could see the eurusd goin below the neckline of the head and shoulders chart formation.
My expectation is to have a break below the June 2017 support zone and...
Watching the next swing zone of EURUSD for a price action signal between 1.1141 and 1.1107
Overall daily/weekly directional pressure to the downside - price action confirmation pending
Any thoughts on next week for EURUSD post them below
Just like the dollar, and since EURUSD has been moving in harmony with the dollar this week, EURUSD has clearly turned bearish after breaking below the key level of 1.1173 after the break below a rising trendline.
And all indicators such as MACD, moving averages and Bollinger band has pointed toward a bearish trend in the week to come.
Therefore in this week, we...
The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
