Price could move up to 1.55200 then can look for a short entry to the downside of 1.54300. Stops should be above standard deviation pivot.
As explained in the linked idea, we are short on this pair. See descriptions on chart.
We have strong divergence on the weekly time frame demonstrating false bullish momentum. We can see downside signals. First downside target being 2.0500, 1.98500.
our psychological target is on the upside of 1.6000 as outlined a few weeks ago. We have a reversal pattern (Rising wedge) with divergence which represents some uncertainty in the market. Once price has reached 1.6000 re analysis must be performed to distinguish if this is actually a three drive pattern. On the opening of the market price can pearce below the trend line.
Targets on the downside of 1.54850 then 1.54500. Stops should be set above double top.
See Description below. I would be careful trading the EUR pairs as their is a lot of uncertainty in the markets. This is just a brief analysis.
Read descriptions on chart. Overall the targets are on the downside for this week.
Targets on the downside. However, read description on chart. Stops should be placed around 1.3000
As explained on the chart, we have bullish momentum but because of the uncertainty in the market we may witness another gap in the market. When it comes to these situations we personally stay away from trades like this. However, we have set up safety levels in the market. If the trend line is breached and price closes below we can see further bearish momentum....
Targets on the downside of 1.09800
Targets on the downside of 1.09800 then 1.09500. Stops should be placed around 1.10500
Target on the downside, 2.0600 then 2.0450. Stops above 2.08500 (Safest Stop: 2.0950)
Downside targets of 1.11600 then 1.11450
Targets on the downside of 135.430, then 134.900