1.0480 level was previous resistance level for eurusd which becomes new support for this pair. Expecting pull back from this level with targeting 1.0650 level.
In my previous EURUSD analysis, i mentioned about morning star from support level. This pair followed this nicely and moved 250+ pips. Now this pair has formed bearish bat pattern.
On the chart, we can see D point which is the sell point for this bearish pattern. Price has been rejected from that level and fall more than 100 pips.
Expecting more down on this pair...
Considering what we had in mind for eurusd and following the first try eurusd long we had from friday and getting stopped the 4hr candlestick formation is suggesting a reversal and we for the 2nd and last time to suggest to buy eur from the 1.0630-1.0640 area.
AL parecer sufrio rechazoss de la tendencia alcista , pareciera ser que existen dos patrones armonicos formados, y el RSI en sobrecompra, las entradas bajistas estarian validas solo si el precio consolida por debajo de los 1.13 y con una rotura a la baja del RSI acompanado de algun patron candlestick ....
The reason why we feel EURUSD may Rise.
* On weekly basis it has just started moving up
* Bullish Engulfing in weekly Chart .
* To Rise and come near 1.1286 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Sinking..
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy...
We are expecting EURUSD to RISE
* CCI is rising
* RSI is rising
* STOCH RSI is rising
We suggest buy above: 1.1008 SL: 1.0987 TGT 01: 1.1058 TGT 02: 1.1081 TGT 03: 1.1151 Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
EURUSD is expected to sink now.
There are many reason why we feel it may sink.
* Bearish Engulfing in daily Chart .
* To sink and come near 1.0884 levels
* Stoch RSI (3,3,14,Close) clearly states it may sink.
* RSI (14,CLOSE) Is also of the same view.
* CCI (20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern...
