Descending penant on this pair and will look for any signs of bullish PA from 1.1313 area as i think that ms has been broken and we are now bulish on the euro. Small stops just incase wrong and wil look for the sunday open to get taken tommorow (1.1340). If we can get above there and hold we should be able to see euro rise to the extended liquidity points
This EURJPY trade has already been taken long, however I would like to show the Indication of setting the trade. Bullish Pinbar, key area and trend all factors.... EUR showing strength after Tuesday also.
Don't jump into a trade
You yourself are liable for your own trades.
EURUSD little rest. The exchange rate has begun to be corrected. The second wave structure of ABC correction wave is being built. The target price is 1.1477 levels. The graph shows that up to 1.15 is also stretched along the axis. We do not currently count on ABC correction to persist. But this is still uncertain.
EURUSD weekly chart had rejection candle for last 2 weeks. Daily trading above 10 EMA for last 3 days. 4 hourly creating triangle from which price action might break out to go long.
Entry @ 1.16688
Stop Loss @ 1.16275
TP1 @ 1.17084
TP2 @ 1.17698
TP3 @ 1.18205
TP4 @ 1.19952
If we look to the DXY idea we expect USD weakness. The DXY is made up of 58% EURO. Which is why there's a heavy correlation between the Index and the currency pair.
If we expect USD weakness we must expect EURUSD to move higher, price is currently sitting at the key support much like the DXY sitting at the $95.00 resistance level. If price holds at this key level ...
The euro has moved to its highest trading level against the US dollar since the last ECB meeting, with the EURUSD pair hitting a fresh weekly trading above the key 1.1700 level.
Yesterday EURUSD buyers gained control of the pair, as they moved price well above the former weekly trading-high, of 1.1674
Technical indicators continue to call for further upside in ...
The euro continues to advance above the 1.1600 level in early Monday trading, as the US dollar index remains under heavy selling pressure failing to hold price above the 95.00 level.
The EURUSD found resistance from the 1.1674 level on Friday, although the pair remains a buy on any dips-lower while trading above the 1.1616 level.
EURUSD traders now look to the ...
Two of yesterday's downside targets were met as sellers dominated the early part of Thursday. But those new, marginal, 10 month lows were firmly rejected in the 2nd half of the day and modest gains were posted into the close. The proximity of the 13 day line is a concern but the bounce does leave intraday studies positive and so our call for this morning is to Buy ...
2018 has been a very exciting year for the dollar thus far. Volatility has sky rocketed in the last couple of months, the FED has indicated a reduction in QE and Donald Trump has been tweeting away. In my view, I believe the dollar holds a more bearish outlook due to the following factors:
1. Rise in political tensions between China and US