The pair has currently hit a Lower High on the 4H Channel Down (RSI = 51.755, MACD = -0.001, Highs/Lows = 0.0000) making 1.13540 the most suitable sell entry on 4H. Since the Channel's Lower Lows have a -0.34% difference, we expect the next Lower Low to be also -0.34% at 1.12300, which is our TP.
If that fails, on 1D the most suitable sell entry is at 1.1415, ...
EURUSD is approaching its resistance at 1.1376 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1.1337 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
Last Friday, the EURUSD pair had made lows at 1.12700 levels before bouncing back. It is seen to be trading around 1.1340 levels at this point in writing after having made an intraday high at 1.1360 levels. It could be possible that EURUSD has carved a meaningful higher low at 1.1270 levels and it is now preparing to push higher towards 1.1650 and further. Looking ...
From our point of view, the pair could still consolidate around bottom in the short term, so our view remains bearish with a short position.
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There is a symmetrical triangle within a falling wedge inside a larger weekly descending triangle. Based on this analysis EUR/USD will break it's current pattern of consolidation and fall to 1.1170 - 1.1190 level before the end of the year. (2018). Price is expected to shoot up to the upper trendline (1.1600) afterwards. If price breaks that level, expect up more ...
The structure formation on the H1 time frame looks to be pushing for the breakout now. There is the possibility of one more leg to the downside first but looking at the larger time frames, I am confident that upside is to come.
EURUSD have been in the wedge flag which it has been in for more than a month. a breakout of this wedge will indicate a change or continuation in the direction of this currency pair.
A breakout to the upside will reveal the new level 1.1600.
A breakout on the downside will reveal the new level 1.1214
An inability to break the resistance at 1.1410 zone will give ...
EURUSD 4H Long Bullish Opportunity
TP1: 1.13930
TP2: 1.14270-90
This is not investment advice
Obviously I do not use sl , adjust according to your own account
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.
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