Short on the open at 168.525 for a target at 167.86. SL at 168.8.
Short term trade. A bounce is imminent at these levels.
Price targeting the top part of the channel at around 1.722 region. If price goes down to 1.70 round number, more lots will be added. 1.695 is SL for all trades.
Short at 0.93436. TP at 0.93. SL 0.938.
Pin tail spotted telling us that there is demand for this pair at the moment. TP at the next resistance level and SL below the low of the pin tail.
A Fall below 1.59118 might see the pair lower, possibly hitting resistance turned support level at 1.571. If the 1.59118 level acts as strong support, the pair might just move sideways and consolidate within the range 1.624 and 1.59, a 340 pips range.
100ema have proven to be good support thus far. I am expecting a rebound up.
Wave C is underway, targeting 1180.
Looking at the weekly chart, we can see that the pair is stuck in a triangle. We will be looking at a break above or below the triangle before we can initiate a trade on this pair. Cheers! Ardy www.forexachievers.com
Looking at the weekly time frame, we can see that the supply level is compacted at the 1.626 price area. With current price at 1.6127, we have about 130 pips to the upside before we will meet some supply. On the downside, we have the nearest support at 1.594 price area and further down the 1.5729 price areaa. Cheers! www.forexachievers.com
EURUSD - Looking at the weekly time frame, last week closed with a bullish candle and we can expect a bullish continuation this week and the next before seeing some resistance around the 1.375 price level.
Price is hitting the support turned resistance area marked with 2 circles. Price should react to the downside next week.
Doji spotted on yesterdays close. Short term, this pair should correct from here.
Stochastic and RSI pointing lower. A retracement expected from this pair.