Theoretically from here the price might be thrown back to 1.31 (It has found a pretty good supply area), but if on the H1 chart there will be a close above 1.3210, the higher probability would be for it to rally back to 1.3300.
Pretty interesting situation we have here. Before the ECB monetary policy and press conference, the EURUSD has consolidated in something that looks to be an Inverted Head and Shoulders, but could also be transformed into a Symmetrical Triangle. What do you think it is more probable?
EURUSD is being compressed between 1.34 and the up trend line. If it will break one of the barriers we could expect a volatile move in the direction of the break.
It seems that the price did not stop at 1.33, it wen all the way to the trend line where it has consolidated in an Ascending Triangle. If 1.3315 will be broken we could expect a rally back to 1.34 as a new impulse of the uprising trend.
It looks like EURUSD is going to retest 1.3300/40 area before peaking above 1.34. The market seems pretty calm today, with no important news, so we should wait for the Monday opening for new signals.
It seems that EURUSD is under some buying pressure. A close above 1.33 would confirm a rally, while another bounce could bring the price all the way down to 1.32.
Interesting pattern here, I think that there is a high probability to see the EURUSD back under 1.3260 with a target around 1.3230.
Look at this...rally after Bernanke, 1 week consolidation and what next...As i have seen, a lot of banks are long US dollar (Bank of America Merrill Lynch, Barclays and Commerzbank are short EURUSD and Goldman Sachs buy on EURUSD), but this pattern is a continuation. What do you think? I would wait for a breakout to be honest! Forgot to tell about a new tool...the...
The main trend on BIDU is still down, but we can see that a Bearish Gartley was formed so I used a new wonderful tool from TradingView to under line the pattern. The price has hit the PRZ, and there are some bearish signals. On short term I expect for the price to fall back to point be or even lower. A close above the PRZ would invalidate this setup. Great job...
It is pretty clear that 1.3000 has been the equilibrium level for the 4 months. The dollar gained more than 400 pips on its latest rally and brought EURUSD back to the support area at 1.28. At this point new signals would be welcomed. I would prefer a break under 1.28 but a rally back to 1.3000 would also suit me. What would suit you?
It went pretty nice until now. The price hit 1.30 and bounced right back. I think we will witness a sideways move in the beginning of the move. The battle will start with the ECB press conference on Thursday and the Non Farm Payrolls on Friday. A break under 1.30 could be critical and we could see EURUSD back under 1.29, while a break above 1.32 would gather more...
This fall on EURUSD should have been expected. The Euro gained on hopes. It doesn't mean that the up trend is over, I believe that we should look for a signal in the 1.32 - 1.30 area for another long. Cheers!
The ECB press conference and the Non-Farm payrolls are pretty close, looking at the technical, can we say that this might be a Double Bottom, or the price will continue to consolidate?...Let's go with the Double Bottom for the moment :)
Look at that nice Hammer...combined with a divergence it might just be a good buying signal...
Well, well, it seems that the price got pretty close to our target at 1.2687 and was rejected. At this point a consolidation is in place between 1.32 and 1.30. A break over the resistance could get the price back to 1.3430 (or retest the broken trend line), but if the price will fall under 1.30 we might see a drop back to 1.27. Cheers !!!
Goldman Sachs has a double top drawn right in the PRZ of an bearish bat. If the reversal pattern will be confirmed by a close under the 147.00 support we might see the uptrend line retest near the 135$ per share level. The harmonic pattern's targets are at 38.2, 50, and 61.8 retracements.
The chart tells everything. In an very confusing economic environment we get back to technical analysis. For the moment we have a bullish signal from the HH, but we still need a Higher Low as confirmation for the continuation of the uptrend. A throw back all the way to 1.2255 would be great, and there we can wait for other bullish signals.
After it broke the channels, the Euro dropped to 1.3 where it has consolidated in a symmetrical triangle. This might just mean that it took a break before continuing the currently down trend. The RSI has a correction under 50 level. Next important support is at 1.2687. An up break might just take the price back to retest the broken trend line...still I bet on bears.