Pair fell after touching major resistance but seems to be gearing itself for another go at said key level. Possible short opportunity should it retest.
Failed long, another leg lower seems imminent.
Price has just bounced off of long-term support and also broke a major bearish trendline. The pair has since retraced to a near-term support level and is already showing signs of rejection in the hourly charts.
Just like NZD, AUD seems ready for a reversal. Bullish activity at major supports for the past few weeks indicate a possibility for a strong move higher for both commodity currencies.
Bullish candles at key level has formed a strong support area, good RR as well.
Long at 1.2165 after seeing a slowdown in downward pressure, rejection of low, and strong upward bounce. Trade made in consideration of SHORT EURGBP made earlier. Brexit optimism also adds to the strength of this trade.
Short entered at 1.74 after price showed strong rejection of key level.
Price rejecting 1.3300-1.3350 area, tried to climb past area but fell back down towards opening price for 2 days straight. Short entered at 1.3320
Price has broken key support and formed a shooting star in rejection of said level as new resistance. Went short but price floated back above the key level.
EURUSD's downtrend has been showing signs of weakness since April of this year. Price seems to be heavily rejecting the 1.11 area, hence a move higher could be in the making.
Markets are leaning towards a dovish Fed while NFP expectations are relatively low compared to the previous print. Risk on the USD seems to be to the upside. AUDUSD currently at resistance-turned-support and recent price action points to a rejection of said level to the downside.
Short at top of range, two pinbars as signal. Bearish on both currencies, but this set up relies on EUR bears overpowering AUD bears.
EUR has been in consolidation vs many major currencies as of late. Sentiment is to the downside for EUR, however any negative news will likely lead to relatively smaller dips as most of the bad news seems to have been taken into consideration. Should support hold, we could see a strong move back to the upside.
Initially placed a short at around 0.6960 only to be stopped out by the post-RBA announcement spike. Data has been very sluggish as of late while more and more players are buying into a possible rate cut from the RBA. Central bank chose to keep rates steady this time, which lead to a short-lived spike in the pair; although I suspect this spike to be short-lived....
EURUSD has been in a slow, grinding downtrend since May of 2018. Lately, the pair has been challenging the 1.12 key support and has been consolidating in a narrowing range (triangle) at the aforementioned level. Entry level may have been chosen rather impulsively as it was at the bottom boundary of the triangle.
Potential breakout from wide range, triangular consolidation at support followed by break to the downside. CHF also losing ground vs USD.
EUR may make a move lower as it is currently trading below well-established ranges against GBP and the safe haven currencies.