Based on a big shark pattern. Target is 50% fib line. So, technically the move down is not over. This is not trade advice
Following this uncertain eurusd I expected the last bullish impulse but was not sure about the strength. While the price may move higher it can also continue to drop.
Monthly closing is important to predict the likely next move. Actually, I see this as a possible thing. While looking for a short trade before, I finally didn't get the real entry signal and stayed out. This was certainly not bad as the market started to rise. Now I will search for this scenario, but I still don't have a good entry signal in either case. I just...
I think we can now speak of a real disaster for the world. The pandemic will continue to hit the euro. The first level I see now is in the square on the graph. In this place the market could react a little. But .... if there is nothing positive in the current situation the euro will most likely continue to sink. The economic disaster is already evident. But when...
Euro will continue to rise if it is breaking above this level. I see 1.1350 as first target if this happens.
Let's see, but looks not so good atm. Stagnation. Bearish tendance with reversal signs. btw I'm still long
We hit the decision zone. The multiple stochastics point to a possible end of the current downward correction. That does not say how much the price can fall even further. I note yellow lines that can work as support. The upper support and the lower support together form a possible deciding box. If the price falls further and the white trend line holds then the...
Based on the news, technical indicators on different charts the eurusd is neutral. I will wait until the things a clear. Actually there's 50% bear and 50% bull lurking.
This is a possible trade plan Be also prepared to exit early if this tendance reverses