A slight uptick in Euro PMI's is taking off some more of the pressure here and we are beginning to see a base forming. Those looking to pull the trigger on a simple break of the trendline which will unlock a return to the previous upper range and also a re-test of the highs at 0.91. Best of luck hope all are positioned appropriately for Brexit.
Here expecting EURUSD to break down from its four-month range to the downside over the coming hours. All of the Euro push up factors (growth expectations, improved politics etc) have all left the picture and now we are back to the same story before the rally towards 1.25. Europe, particularly on a risk adjusted basis has worsened. Poor growth and inflation are...
All info is in the chart. I am only showing what I see. Target buy-in $7850. Please feel free to follow if you agree with my analysis! Good luck and happy trading! This is not financial advice. DYOR as I am just a simple amateur hour goldfish in an ocean of whales.
Bear Cases channel resistance clear supply area
DAX BEARISH TESTING ONCE AGAIN 480, ANY BREAK at this lvl will continue the dropdown to area 380- 360 good luck
EURUSD has broken through the ascending neckline confirming the Head and Shoulders topping pattern. Sadly this occurred without a bounce and there was no chance to short higher. Pair appears to have stalled at horizontal support above 1.1050 and we may well get a bounce towards the (broken) ascending neckline around 1.11250. Look to sell any bounces into this...
Wedge Pattern. Rejection at 0.382 Fib level. Formed a H4 Inverted hammer. Hit support and resistance. Crude oil strengthening. Widening concerns about Eurozone. Higher Highs and Lower Lows. Time to short.