I was looking for a move lower for EURUSD on Friday but instead, it moved higher first, hitting the resistance at 1.0754 before going down, selling down 75pips before recovering. Price action on daily is bearish, while weekly price action does point to possible further upside. But following the daily price action, I am leaning towards a possible move lower today...
We have a great chart for next week the price could possibly go and rejectUS consumption remains strong, the labour market is robust but yesterday revealed a sharp drop in growth (1.6%) when compared to estimates (2.5%) and the forecast from the Atlanta Fed (2.7%). The concerning data followed just days from a surprisingly disappointing PMI number for US...
It is likely that EURUSD will seek out the 1.06600 price level before considering the possibility of buying after the inevitable liquidity rally. i'm expecting a long move on this pair confirmation on the DXY (Dollar Index)
Intraday Bullish: After a brake above the resistance that now turned support. From here am expecting the price to push up towards (1.07460).
Got stopped out here eventually, still have short bias though. Keeping it real here in my "blog" lol
#EURUSD Hello everyone, after yesterday's aggressive bullish movement in the news, during the Asian session, we reached the high of the previous day, followed by a reaction. The context has shifted to a short-term one, and I've marked the nearest target on the chart.
Ive been waiting for eurusd to pull back in between 1.06951 and 1.07285 level due major activity around them levels. If you look on the weekly you can see it much clearer. you can also see that we've got a nice pattern after a huge dump in value. Im expecting EURUSD to drop to atleast 1.06051 this week BUT that depends on the US data thats due this week.
sell im taking, price stopped at a daily low... nice support in dxy holding. may stop loss do us part.... good luck
Could we see a change in momentum as the buyers look to over power the sellers or the market just playing its tricks as always?
EURUSD Successful Paper Trade NY 10 am Killzone London created the high. I suspected that price would seek the noted 4 FVG and a key sell side liquidity. I took a tiny scalp coming down. I anticipated a reversal after the second sell side was taken. At 947am candle set up after the low was reached. Price pierced the FVG and reached the .79 for optimal entry....
Hello everyone, Welcome to a new trading week. I hope you have had some good trades. The market was not that kind lately and you can get punished very easily if you are not quick with your profits. My recommendation is to use small positions for now until we have some clear bias. I think Friday's NFP will play an important role in establishing the direction for...
**EURUSD:** This week's forecast is for the EURUSD to rise to the top of the channel, the area between 1.08107 and 1.08435.
This morning we find important business confidence and consumer sentiment, inflation and CPI data from several euro zone countries, in particular the German consumer price release and the ECB's DeGuindos statement are considered relevant. Currently inflation data marked by the ECB this year has been marking a decline from 2.8% in January to 2.4% in March, so if...
We continue to remain in a short context. Despite the long movement during the Asian session, positions in the long direction should have been avoided because until the price consolidates above 1.7415, we are still in a short trend.
hi , don 't be tired . i analyzed the euro chart in the past 15 minutes and 4 hours , but for some reason i forgot to make public that i 'm going to put a link now to the euro in the time see and comment time frame and 4 - hour and weekly frames were at the center of descending tracks . ~~~ for doing so , it was necessary to perform 15 minutes of movement upward...
EURUSD Hourly Trading Journal Cool how price right to .618 level to be rejected and close on Mondays open. I suspect we could see price sweet that level as it inches its way through this SIBI running to the 50% level. Where Price started is where Price landed, just above NY Midnight Opening. Price created the London low while it rebalanced in the 4 hour...
FX:EURUSD Entry : 1.06486 Target : 1.07097 Indicators also show a bullish trend.