This is purely technical as there still alot of confusion surrounding this pair b/c of everything going on with Greecel. The 4hr Chart is showing downside selling momentum and I am playing that selling pressure on the hourly chart. Expected Price Target is around 1.0890
We have a head and shoulders, as explained in our previous posts we have strong bearish signals. Target 1 for this setup being 2.08350 then target 2, 2.06500. Can heave another management target in between
As explained in the linked idea, we are short on this pair. See descriptions on chart.
our psychological target is on the upside of 1.6000 as outlined a few weeks ago. We have a reversal pattern (Rising wedge) with divergence which represents some uncertainty in the market. Once price has reached 1.6000 re analysis must be performed to distinguish if this is actually a three drive pattern. On the opening of the market price can pearce below the trend line.
See Description below. I would be careful trading the EUR pairs as their is a lot of uncertainty in the markets. This is just a brief analysis.
Targets on the downside. However, read description on chart. Stops should be placed around 1.3000
Targets on the downside of 1.09800 then 1.09500. Stops should be placed around 1.10500
Pure technical Play that I just entered last hour. Price has breached n tested multiple areas of resistance and finally to come down with the down side sell pressure is now accelerating in which Im basing my play off of. Expected price target is 1.9500
Target on the downside, 2.0600 then 2.0450. Stops above 2.08500 (Safest Stop: 2.0950)
Downside targets of 1.11600 then 1.11450
Targets on the upside of 124.850 then 126.000, Stops around 121.300-121.000
Targets on the downside being 1160,1150,1142. Stops should be placed around 1190.00. Safest stops around 1205.00. Market on the opening may rise so look for a clean entry around 1170.00-1175.00
First downside target being 4350 then 4275. As explained on chart on opening of the week price can move up to 4475-4480 (Red horizontal line) then drop to our targets.
First downside target of 53.3, then 37.90 (Must be reanalysed once TP 1 has been met) Safest Stop loss should be placed around 69.20-70.00. If price breaks above the trend line then we can see further bullish momentum.
As explained a few weeks ago we outlined our physiological targets were on the upside of 1.2000. (See Previous Posts) For swing trades stops should be placed around 1.07000-1.06500. For Day traders stop losses should be set accordingly.
Target first on the upside 136.300 then potentially 136.500