Still Alert on the Euro crash!!! Technical Analysis Explained!!!
Hello, in this analysis, the Euro it's in the distribution zone, so, I add a sell order limit at $1.1877 USD to entry in the sell of over 300 pips.
Now, in weekly we are so higher and Euro needs to make a correction approximately to leave at $1.15 USD as support on weekly!!!
This is a screenshot of H4 timeframe about the RSI, let's me explain a thing. The RSI making for the days higher lower, that indicator show a possible correction so deeper to take benefit of this crash!!!
Now, on H4 timeframe we are into his descendent triangle,it's a bearish chartist pattern
The only that I hope is that Euro goes to up a little to activate my sell order limit at $1.1877, my SL is localized at $1.1918 USD and obviously my target profit is $1.1549 USD approximately, it's 330 pips.
Fundamentals Keys:
1. U.S. Dollar softer as sentiment recovers on vaccine hopes and deals.
2. The dollar dipped agains riskier currencies on Tuesday as hopes for a covid-19 vaccine and big corporate deals improved investor appetite for assets such as the Yuan and the Euro
3. Traders said the currency look vulnerable as the European Union warns a collapse trade talks and propel the United Kingdom towards a messy Brexit, said Boris Johnson
4. Tomorrow it's a FED meeting about the U.S, monetary policy and disccussion of the U.S. interest rate.
5. The FED meeting will be its first since FED Chariman Jerome Powell unveiled a shift toward greater tolerance of inflation, effectively pledging to keep interest ratess low for lower.
Basically, we hope that United States is into the recuperation, about the problems of the United Kingdom and European Union. We look that US Dollar is bullish, Euro is bullish agains the Sterling Pound and Sterling Pound is bearish. So, we hope that analyze to suppport you!!!
Now, in weekly we are so higher and Euro needs to make a correction approximately to leave at $1.15 USD as support on weekly!!!
This is a screenshot of H4 timeframe about the RSI, let's me explain a thing. The RSI making for the days higher lower, that indicator show a possible correction so deeper to take benefit of this crash!!!
Now, on H4 timeframe we are into his descendent triangle,it's a bearish chartist pattern
The only that I hope is that Euro goes to up a little to activate my sell order limit at $1.1877, my SL is localized at $1.1918 USD and obviously my target profit is $1.1549 USD approximately, it's 330 pips.
Fundamentals Keys:
1. U.S. Dollar softer as sentiment recovers on vaccine hopes and deals.
2. The dollar dipped agains riskier currencies on Tuesday as hopes for a covid-19 vaccine and big corporate deals improved investor appetite for assets such as the Yuan and the Euro
3. Traders said the currency look vulnerable as the European Union warns a collapse trade talks and propel the United Kingdom towards a messy Brexit, said Boris Johnson
4. Tomorrow it's a FED meeting about the U.S, monetary policy and disccussion of the U.S. interest rate.
5. The FED meeting will be its first since FED Chariman Jerome Powell unveiled a shift toward greater tolerance of inflation, effectively pledging to keep interest ratess low for lower.
Basically, we hope that United States is into the recuperation, about the problems of the United Kingdom and European Union. We look that US Dollar is bullish, Euro is bullish agains the Sterling Pound and Sterling Pound is bearish. So, we hope that analyze to suppport you!!!