I expect over the coming weeks to see eur/aud turn bullish, right now price is consolidating in a sidewards channel, and is forming a strong floor. expect price to break through this channel and continue on up. enter on pullback or breakout.
Price is in a slighlty bearish channel, this is indicated by price being firmly under the 200EMA on the daily and making lower highs. Price has been highly responsive to the 200EMA on the daily, as it has acted as an area of resistance for the price level. On the 4 hourly chart price has shorted by at least 100pips on the last two touches of the 200EMA. Overall,...
Hello traders, i am expecting euro to gain strength from that purple box. Also EUR/USD drops to test last week lows near 1.1200.
Its a good entry point to buy for both pairs. Hoping another good week of trading. Control your emotions, and always use the correct risk management. bless !
There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
A peak is formed in daily chart at 1.6780 on 01/03/2019, so more losses to support(s) 1.5670, 1.5530, 1.5345 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic...
While the price is below the resistance 1.6190, resumption of downtrend is expected.
We make sure when the support at 1.5275 breaks.
If the resistance at 1.6190 is broken, the short-term forecast -resumption of downtrend- will be invalid.
There is a possibility of temporary retracement to suggested resistance zone (1.5825...