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.
NFP last week took out stops and caused some panic. I am expecting this to be settled this week with the longer term outlook coming back into play Looking at the dollar I am expecting a reverse in Fibre as outlined
Any rejection setup around the 1.1000 region will invites more bulls into EURUSD pair.
I will be waiting for fibre to retrace into this area Tues/Wed for a further run up - Careful as there is also fomc this week but fibre is extremely bullish with the weakness in the dollar
Depending on how market opens in December, on H4 I have bullish sentiment for EURUSD. A wide gap below the swing low at 1.09812 will change the dynamics of this setup, but any opening above is fine with little or no adjustment.
Bulls are still dominating EURUSD pair on H4, however, when price rally to 1.10755 batons likely to be passed on to the bear who will then have their final move on the pair...
With EURUSD finding it difficult to go below 1.1000 it probably could have found a support at this level to begin another turn of uptrend...
EURUSD is going lower, as the pair making lower-low with strong bearish candle. Expecting the pair to re-test 1.0930 level to see if it could possible hold the price or violate it. Any rejection at 1.093 will indicate possible reversal to the upside
EURUSD has been in series of Lower-Highs and Lower-Lows on H4 after impulsive wave run to 1.11775. The pattern of the decline is much of corrective bullish falling wedge. Expecting bulls to start attacking the corrective wave from 1.10622 which is close to our expected profit target as shown in our Oct 22 post:
The fibre is showing evidence of price weaknening on H4 which could possibly drive the pair down to a next support...
In today’s #marketinsights video recording I analyse #GBPUSD, #EURUSD and #USDCAD! Another failed Johnson attempt to get Parliamentarians to vote supports the #pound as now chances of an extension increase! Both an October exit (highly unlikely) or an extension could see mainly #pound and in a smaller degree #euro gain. Meanwhile, in Canada Trudeau won the...
It's no news that EURUSD market sentiments has shifted to bullish, however, before another impulsive or corrective wave could be witnessed, it is necessary for the pair to re-test a support - Between 1.09405 and 1.09795 level is in view
Everytime EURUSD touched the downtrend line, it keeps bouncing back. It has happened 4 times in the recent past on H4. One or two more time, the pair is likely to violate this trendline and commence another impulsive wave to the upside. However, the sentiment could change bearish if the uptrend line is broken and price can keep going down...
EURUSD rejected all attempt to bring it lower below 1.09260 and it's now poised for a rally above 1.12000