Possible flag pattern on EUR/USD 4 hour chart. Growing volumes should confirm the long scenario. Entry point just above the breakout of the descending trendline. First resistance level at 1.187 area; in case of brakeout towards 1.2
EURUSD has gained significant momentum over the past few months and is currently in an uptrend. I have marked out a couple of key areas here and drawn on a couple of possible scenarios. We have had a 61.8 fib bounce recently and a pretty heavy resistance from that. A break and a retest of the trend line could set us up for some bearish movement from this pair but...
EURUSD shows a hanging man on weekly, this in itself is not a sign that Euro will fall, but it is a sign that bulls have definitively lost control, I will be looking for confirmation early this week.
I am short Euro from 1.1420 with stops at 1.450
this is a 1hr chart on EURUSD and as you can see price is still in the yellow box that represents a resistance area. I've already shorted this pair two times in the recent past (one with target1, one at breakeven). And it's now creating another short setup, in the form of a double top broken to the downside, this signifies price wants to go lower and a...
EURUSD bounced off 38.2 fib @ 1.0845, confluence with Horizontal support and 200 day moving average. Went Long at 1.0870 adding on pullback to 1.0890 area. Initial resistant at 1.0952 which is 6.8 fib of 1.0255/1.0840 or at 1.0980 (78.6 fib).
in this pair price recently broke and closed above the previous resistance area. Therefore we're looking to get on the trend as soon as we can.
When such big impulses happen, there's usually no space for deep retracements, and so we need to use some simple patterns (flag, triangles) in order to catch the move higher.
In this case you can see a flag...
& analyzed it again
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21 Cross-Rates (52th Week Statistics) @ drive.google.com