EURUSD - Trade Analysis

EURUSD - 9/24-29/17 Trading Analysis

Expecting rise to 1.2050 - 1.2100 levels
Followed by decline to 1.2000 - 1.1950 levels

Firm break below 1.1910 can signal further decline to 1.1880 followed by 1.1850

* Personal analysis only. Please use your own rules and strategies prior to entering market.

** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.

Comment:

Bearish momentum building. Firm break below 1.1815 could lead to 1.1725 levels at which time a correction higher to 1.1860 level & above may be expected.

Comment:

I am showing next major Support level @ 1.1760.

Comment:

For Uptrend reversal confirmation look for firm break above 1.1865 leading up to 1.1894 followed by 1.1946

Comment:

Reading Support levels as between 1.1760 and 1.1693

Comment:

Support levels @ 1.1770. - 1.1729. - 1.1695

For Bullish analysis, see above levels in updates.

"Plan your trade. Trade your plan."

Good Luck!

Comment:

Seeing reaction to Hawkish speech by FOMC Yellen giving good signal of US rate hike in December.

Comment:

Watch for price staying below 1.1820 level as good indication could lead to 1.1670/65 levels in short/mid term. Re-position S/L accordingly.

Comment:

Watch w/caution between 1.1725 / 1.1665 levels as possible trend reversal may occur. Firm break and hold below 1.1660 may lead towards 1.1518 level but there is a good possibility that corrective reversal may be in play between above levels opening path back upwards toward 1.1985 / 1.2000 levels.

Suggesting caution, watch closely, protect profits.

Good Luck!

Comment:

Bullish reversal signals ... Watch closely