EURUSD broke new high with the Key Resistance at price 1.067. Potential up to the next resitance at 1.08. Looking forward to Long with confirmation / long after small retracement on Fibo 61.8
After French Election, the results are looking good for a future pro EU president, therefore markets react in favour of EUR after the first round of elections
Trend broke through the fibonacci retracement therefore and now it is entering a new channel.
The EURUSD is up 160 pips so far this week after catching a bid at trend line support that extends from the current 2017 low. This is a level we discussed over the weekend as one that needed to break down for sellers to gain momentum. From a technical standpoint, the price action is playing out in textbook fashion. Tuesday’s rally put the single currency above...
Hello all, Providing you with the daily view of my previous 4h view idea. The chart speaks for itself. Goodluck to all.
We all know the French Elections are coming up, technically speaking, the Eur/Usd is on a breakout to the upside. I expect we can see it continue to rise, but will ultimately get rejected again once it brushes up against the 200 day MA (red line). I'll be long until that point, and will look to enter a short position after. SL for this particular idea would be...
@ ~1.08 is the EMA-200. I think EURUSD will go short after reaching this EMA.
EURUSD looks to be in the process of completing a so called 5th Elliot Wave. For this its important that it will break to current resistance. When this happens this 5th wave might go to 1.09 and possible beyond if the upper range breaks. Stoch Rsi shows strong buying pressure and Adx shows that bullish trend is stronger then the bearish, however the red line...
FX_IDC:EURUSD As always, make your own analysis before investing. If it breaks the resistence then we can expect it to go 50 pips up and stall there for a while and maybe eventually go even higher most probably or get into reversal.
Dear Traders, There is lot of indecision in the market because of geopolitical issues and french election. As we are seeing price of dxy getting down very sharply but eurusd price is not rising in comparison. Currently,price is in bearish flag with abcde wave. E point will be most crucial point because if it breaks then it leads the price towards 1.0810, 1.0875,...
I think that the recent rally might still find some upside if a test of 1.0700 holds. As you can see on my chart, the 1.0700 level was a previous high. When we broke the 1.06776 highmarket flow turned north. A hidden Optimal Trade Entry shows that the OTE fibs line up with the previous high and 1.0700 number. The 1.0700 level may provide a Long entry there....
The D point is our entry price(Around 1.06) 0.764 CD=BC SL-50pips
I'm Looking at a sell set up then a bounce at 1.0640
Hi all, We could see a nice bearish bat developing @ 1.078 where we have a confluence of points. Risk - Reward is well over 1:3 for this trade with target @ B of the pattern. Happy hunting ! :)
Hi all, I hope you are having fun with this wild pair. On the chart we have a bat pattern in the make with D approximately at 1.0666 where it will meet a proven trendline resistance. For me targets will be dictated by andrews pitchforks, each arrow shows the subsequent target. The last arrow going up shows a potential future long trade. The potential...