We continue to decline, all signs/indicators indicate continued declines, for example: The eurusd is below all important moving averages. The Ichimoku cloud is in red. The blue line of Ichimoku continues to be above the red line. and more... TP:1.08
The daily range in EURUSD has become so small that trading EURUSD is very difficult. Hence, the best way to trade this pair is wait for a good level before BUYING/SELLING. EURUSD is still trading in a BEARISH CHANNEL. So the logical approach to trade this pair is to : 1) BUY at the BOTTOM of the CHANNEL around 1.1040-1.0160 with SL below 1.1011. TP at 1.1250...
Price bounced off our first support (horizontal swing low support, 78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where we might see a rise in price to our major resistance (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is also bouncing off support where we might see a further rise. Trading...
Price bounced off our first support (horizontal swing low support, 78.6% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where we might see a rise in price to our major resistance (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is also bouncing off support where we might see a further rise. Trading CFDs...
EURUSD is approaching our first resistance where we might see a drop in price to our first support. Stochastic is approaching resistance as well.
EURUSD is testing our first support where we might see a bounce above this level. Stochastic is approaching support as well.
The EURUSD broke support at 1.1180 on Friday. We might see a short run up to 1.1185 or 1.1220 but shorts will jump in pushing back down. I'm keeping with trend, and shorting till 1.1110 or 1.11070. Keep with the trend, and short above 1.1180. Good luck
All details are explained in the video, don't hesitate to leave your comments below, thank you!
Major Support Broke last week. might pull back abit and all the way down to 1.08 zone for the next 2 weeks. Happy trading ! Good Luck !
Our Bias has shifted to looking for bearish entries as this pair continues to decline. I am looking for a drawback entry and rejection at tenken sen to look for my short entry, but as an alternative we can also trade a break below current price structure. I've also drawn out some partial take profit levels along the way to aim for, should I find a good entry in...
On weekly chart potential target down at 1.09982
Hello Traders! In my previous analysis, I mentioned about SELLING THE RALLIES. Since then, the price has dropped more than 100 pips. However, the movement in EURUSD has been VERY SLOW since the last few months. EURUSD is still trading in a BEARISH CHANNEL and the best approach to trade this pair is to : 1) BUY at the BOTTOM of the CHANNEL around 1.1040-1.0160...
EURUSD found support at 2 month falling trendline, awaiting retracement to supply zone at previously broken trendline. Expecting EURUSD to drop further after reaching said point around 1.11991.
I've done some analysis on EUR/USD any advice is welcome via the comments or via the chat, I think that this is going to be a sell trade but with the view to catching a few pips as a buy as well. To start this one off the price action is currently at 1.11581, as it is the weekend and trading will commence again on Sunday at 10pm I think that the Price action...