EURUSD now at the level predicted in our Aug 26 post. With the currency pair pretty close to the lower line of the ascending triangle and the ascending trendline, a test of this level most likely will cause the reversal for the fiber
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your...
EURUSD has been strong for some weeks and this likely to continue for few more weeks as the pair is targeting to shoot above 1.21000, however watch out for lower timeframe pullback for a good buy entry
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your...
After successfully breaking the LOW at 1.12125, EURUSD is now targeting to decline to its mean value or the lows at 1.1000 to find a good support. A pullback to test previous low or where liquidity are most likely early next week...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
With last week H4 ended in rejection candle at a critical level of 1.12349 on Friday, EURUS may be ready on a short-term to re-test the recently created bearish order candle at 1.13209. If price is then rejected at this level, then fibre selling pressure may commence.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Any further daily rejections on EURUSD may cause the pair to revert to its mean value or further below.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Just as pointed out some weeks back, EURUSD is ranging. The pair range from daily (blue highlights) to weekly (red). For any breakaway to occur, either ECB or FOMC bullish or dovish actions/utterances will help in the future
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades...
From the swing high at 1.14950, fibre has undergone some corrections and could fall into ranging mode on the daily. Any price rejection at the highlighted area will push price back, until there is a breakout or breakdown...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
EURUSD bottom could be nearer than anticipated. An upward rally could possibly change its sentiment to bullish and another attempt to test the support will be the buy entry for the asset...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
If the fibre ends in rejection at the end of this week, then looking forward to go long at the weekly mean. However, a rejection on lower time frame is needed...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
With EURUSD back into the bearish wedge, the pair might be gunning for the upper channel of the wedge
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
EURUSD rallied up on H4 breaking the swing high at 1.10277, now there is pullback on the pair. Expecting bulls to take control of the currency pair at the highlighted zone which should take the price further up or at least re-test 1.10277 as main trend is still bearish.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
With the dollar index now bullish, more USD pair are now most likely to "kiss the canvas" EURUSD is now poised to re-visit the support close to 1.1000
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Fibre's fall most likely to find a buffer at 1.10977 or the trendline starting from December.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Happy New Year to everyone. Wishing you all a Prosperous 2020!
EURUSD is showing extreme optimism on the daily timeframe, any price rejection any moment is likely to pullback price to support level
NB
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
If we see EURUSD pulling back early next week, there is high probability the currency pair is gathering momentum to violate the swing high at 1.1200 and if that happened, then 1.130 will be exposed as the next target.
EURUSD outlook on H4 is completely bearish having violated support at 1.11000. The pair likely may re-test the new support in coming days and if found strong enough, the downtrend will continue towards the daily trendline started early October.
EURUSD now on H4 correction while higher timeframe is still bullish. Price likely to re-test 1.0964 or below before making another attempt to rally. GBPUSD which is now bearish on daily is a major risk for EUR. In such case, there will be a risk reversal at a shallow level at 1.11569.
