EURUSD > Technical Analysis

EURUSD > Weekly / Longterm

Pair is trading in an uptrend beginning from support @ 1.16700 with a target @ 1.1910 to 1.2037/80

Break above could see 1.2100 and higher.

Indication that break and hold below 1.16700 will begin downtrend toward 1.15650 target.

Average range for remainder of month appears within 1.1670 to 1.2080 range w/anticipated end of month close at or near 1.19000

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Comment:

Buy Stop order pending
Entry @ 1.15010
T/P @ 1.18983
Target = 397.3 pips

Try playing off correction. If not reached, pending will be cancelled.

Comment:

Strong support @ 1.1750 level but expect to be broken later today. If so, next target @ 1.1669 followed by 1.1510, then 1.1423 - although do not believe this last will be met. Expecting rebound from 1.1500/1.1510 level will begin rise to 1.1900 level and above. BUY Entry still in place.

Comment:

Possible H&S top developing. BUY Entry pending order changed to 1.13268 - This is a Long-term set-up.

Comment:

Due to volatility, pending orders cancelled @ this time. Best to trade real-time. Believe pair could still reach 1.1423 - 1.1500 area before reversal.

Anticipated closing price @ end of month now estimated to be around 1.1710 area.

Comment:

Anticipated closing price @ end of month now estimated to be around 1.1810 area.

Changes daily. Updates to continue for analysis purposes.