EURUSD formed another green weekly candle last week. Could see further upside for this week. Friday was bearish though so near term is weak. Price opened at the PZ and is rejected by it. Thus looking for possible longs, but only at 1.0761 and possibly 1.0745. Price target for today, 1.0799 double resistance and if hold, 1.0829 next.
EURUSD made a slow grind down lower over the past few days but yesterday it moved down to make a new low off a level and rallied all the way up, forming a bullish daily candle. However it is still below last Friday's high thus question remains if market will form a lower high or we are looking for a move higher. However, yesterday's price action does point to a...
I was looking for a move lower for EURUSD on Friday but instead, it moved higher first, hitting the resistance at 1.0754 before going down, selling down 75pips before recovering. Price action on daily is bearish, while weekly price action does point to possible further upside. But following the daily price action, I am leaning towards a possible move lower today...
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I was looking for a move lower yesterday with the strong level to hold but well, it got a different move but the levels worked perfectly to call the highs and lows of the days, as EURUSD rallied to strong level, sold down to the lows, before closing back near the highs. EURUSD is still capped by 1.0738 strong level, also 50 Fib. I will say as long as 1.0738...
Yesterday I was looking for EURUSD to pullback off 1.0714 strong level which worked perfectly. Was looking for 1.0698 to hold but EURUSD dipped to the PZ before recovering. Red daily candle, though only slightly, thus IMO it is not clear but I am leaning towards a move lower. As long as 1.0714 holds -possible retest and rejection - look for a move down to break...
Yesterday's move was clear and I gave only 1 direction; up. 60 pips range with lots of volatility, good for long, close, re-long. Lots of opportunities. EURUSD approaching 1.0714 strong level with 38 Fib. Turn from here? Price action is bullish, thus I am in the opinion of another move to 1.0738 at least. Possibly a pullback to 1.0698 then a rally high IMO....
EURUSD plan and levels worked well yesterday' we got the dip to the level, though not perfectly, and bounced strongly. Red candle but IMO it is supported for further upside for today. Looking at 1.0650 to hold (max downside 1.0634) for a move to 1.0696 and further to 1.0714.
Good algo level move on Friday; EURUSD sold down initially and hit our first support for a good long to PZ and beyond, before it made a slight pullback. What's for today? Weekly wise, EURUSD printed a green candle; potential low is in? Daily wise, Wednesday was bearish and we got the initial sell but EURUSD recovered to close green, though there is a rejection...
Yesterday I gave a long on dip at 1.0634. But this morning we just hit it and slice through. Bearish price action now on war news. 1.0634 should act as resistance. But if can reclaim the level, be careful with shorts, as we should see a rebound to 1.0658.
Levels given yesterday worked perfectly. I was leaning towards the upside and it worked perfectly. EURUSD tested 1.0634 strong level, dipped, then held above OP, rally to next R, dip, rally, dip, rally level to level. Bullish price action, looking for another move higher. Today, looking for a move to 1.0714 next strong level. Could dip, but look to buy it up....
I was bearish for a move lower for EURUSD yesterday. The levels worked very well as it capped the highs and sold back down to the lows. EURUSD could be topping, thus I am looking at a potential dip and move higher, to re-test 1.0634 and if clear, for a move higher to 1.0714. If unable to clear yesterday's highs again then could see another leg down. I am leaning...
EURUSD continued its down move as per Friday's bearish price action, rejected off the PZ for a move lower. Expect further downside for today as long as PZ holds with the downside target as shown. However, if PZ breaks, I see a recovery to 1.0710 as the possible magnet for the up move.
On Friday, for EURUSD, I was leaning towards a dip off the PZ then a move higher though I did give a view on both directions, that is a break lower. EURUSD did tank from PZ and sold down all the way to my price target and even lower to 1.0634 level but overall, I was wrong on my direction, wrong read of the market really. Bearish weekly candle indicate possible...
I was looking for a move lower yesterday but only on a pullback; but we can see that price was held by the strong resistance at 1.0750 and then just come down. But it also hit the 1.0714 level below and is supported and it pulled back to the mid point. What's next? Price is at 50 Fib and seemed to be rejected by the PZ. IMO, we will see 1.0714 revisit and that...
Price action gave the direction yesterday; the move lower. I did gave myself the way out by giving either directions but I said I am looking for downside. PZ held the rally perfectly and we got a 100pips down move. Price action is bearish. I am looking for further downside.
Yesterday I was bullish for a move higher. EURUSD did move up (without much dip), hit the resistance above and came down to close red. Bearish? Price action does point to a potential reversal for today. But I will "save" myself by providing a scenario in both directions. 1.0848 is a strong level. As long as 1.0848 holds, IMO, EURUSD can just go up from here....
I was looking for a move higher yesterday which was right, but I was looking for 1.0813 to trade but indeed, EURUSD was held perfectly by the PZ at 1.0822 before going higher. Overall, price action is bullish for a move higher. 2 probable buy levels will be 1.08326 to 1.0900 or from 1.0813 to 1.0847 IMO.