- long term sell on this pair still persist. SWING TRADE - target to reach: 1.41600 and final zone 1.31600. Regards, GoldfXcc Team
- Channel Down identified. - This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.08500 within the next hours.
- Bearish structure identified. - Possible bearish price movement towards the support 1572.5 and 1565.5 within the next period. Regards, GoldfXcc Team
- Bearish structure identified: H&S pattern - Possible bearish price movement towards the support 29300 within the next period. Regards, GoldfXcc Team
- Bearish structure identified. - Possible bearish price movement towards the support 29420 - 29300 within the next period. Regards, GoldfXcc Team
- Bullish structure identified. - Possible bullish price movement towards the next resistance 0.7400 within the next period.
- Bullish structure identified. - Possible bullish price movement towards the next resistance 0.66400 within the next period.
- Channel Up identified. This pattern is still in the process of forming. - Possible bearish price movement towards the support 1.3270 within the next hours. - Supported by RSI above 60
- Channel Up identified. This pattern is still in the process of forming. - Possible bearish price movement towards the support 1.3270 within the next hours. - Supported by RSI above 60
- Bearish structure identified. - Possible bearish price movement towards the support 1513 - 1460 within the next period. Regards, GoldfXcc Team
SHORT TERM SCENARIO: - Initial bias this week is downside for 61.8% projection at 1.2833 and 1.27800. A break of 1.27800 will target 100% projection to 1.2600. - Further decline is expected as long as 1.3209 resistance holds, in case of rebound. LONG TERM SCENARIO: - In the bigger picture, rise from 1.1958 is not completed yet despite current pullback form...
- Intraday bias on EUR/USD remains on the downside with focus on 1.08700 massive support. - In this case, deeper decline would be seen back to retest 1.0879 low. - On the upside, above 1.1033 minor resistance will turn intraday bias neutral first. - Currently pullback expected to 1.09800 closes resistance. Regards, GoldfXcc Team
- Rejection from 0.5 fib level. - Target to reach: 1.92800 Regards, GoldfXcc Team