I am still waiting for an up break, at least before the ECB monetary policy meeting from Thursday. Even though the Euro got pretty strong for the European economy to be handling, nobody seems to be interested in the US dollar. On a short time frame, I would see a break above 1.3890, followed by a 50 to 60 pips rally.
What a pretty symmetrical triangle we have here. In current conditions, I would say that it is a bullish signal. A break followed by a close above the upper line of the triangle could trigger a rise to the next resistance. It would be difficult for the target to be hit, but we will see.
Hello guys, long time no see. The EURUSD is still respecting the up channel pretty nice. It broke the symmetrical triangle bellow its lower line and fell back to 1.3815. An important support area, where it also found the trend line. If on a 60 minutes time frame, the price will close above 1.3850 I am expecting a retest on the 200 EMA. A drop bellow 1.3800 its bad...
A Hammer was drawn at an pretty good support area. I believe the price of this pair could now rally back to 1.3900. Only a fall under 1.3820 would scatter my idea.
The Euro had a nice rally after breaking 1.38 again. I expect for it to be pushed a little higher, slightly above 1.3900 before a correction back 1.3820. The NFP is coming and everything is possible...take it as an opinion :)
So it rallied after it broke the symmetrical triangle and almost hit its target. This week opened with a negative gap which was partially closed. A local support has been set up around 1.3755/50. If the price will fall under this support then I believe the dip will continue all the way to 1.3700. On the other hand if the price will continue to rally (which I...
Nothing too fancy for the EURUSD price action. Uptrend on H1/H4 and a symmetrical triangle. A breakout out of it might just bring some attention for me.
Looks pretty bearish to me the EURUSD now after this wonderful Shooting Star. If the price will fall under the local support (1.3665) we can expect for a drop all the way to 1.3610/00.
It seems that investors have more confidence in the Euro Area. If the day will close above the trend line, I will not be surprised to see 1.3800 retested.
So today it seems that the price action look interesting. A rising wedge was drawn on the EURUSD 60 minutes chart. If the price will fall under 1.3600 we can expect a down move back to 1.3550.
Another interesting week has past for FX traders. It seems that the balance is now in favor the Euro Area after Mario Draghi left us with a optimistic sentiment. He actually didn't say anything new. The ECB kept the interest rate at 0.25 but maintained opened the possibility of another cut...we will see about that. The United States posted a lower NFP, again, but...
Here is the Dip I was talking about yesterday. I didn't see a fundamental reason for this fall, so if anyone can share it would be great. Now I believe it could go back above 1.3600.
Look at this, Draghi did it again. He managed to bring the balance in favor of the Euro. Nothing changed in the monetary policy for the moment, and the ECB seems to be quite optimistic in what concerns the EU economy. EURUSD rallied after a false breakout, and the chart shows a symmetry. The Flag type pattern fooled me again. From the basic technical analysis a...
This is a really nice pattern. A Triangle consolidation might mean that the down trend will continue, but we will just have to wait for the confirmation. Don't forget about possible false breakouts!
Whooaaa...Euro is under pressure and it looks like we will have a very interesting week ahead. Last week the EURUSD dropped about 1.35% after the FOMC statement announced another 10B cut in the QE and the Euro Area CPI didn't get to the expectations level. The highlights of next week are the ECB monetary policy and press conference and the Non-Farm Payrolls and...
I don't think 1.35 will hold on to much. It is the end of the week and the volatility will soon drop. Next good support sits at 1.3400.
It didn't touch my full target. The downside move might not be over yet, but as it look now, I wouldn't be surprise for this Falling Wedge to be confirmed. A break and close, on a 4 hours chart, above 1.3700 could be a strong buying signal. 1.3800 next target.
This look bearish to me! What do you think?