The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.
Price is sitting on a support. It has bounce 2 times from the trend line support and let's see if it does third time. The main factor in this bullish or bearish move will be Dollar strength and weaknesses so keep an eye.
Refer to earlier analysis on Dollar Index,
Dollar is at an important Resistance
EURUSD is at an important Support
VERY INTERESTING!!! KEEP ...
Euro Usd TF D1
> Candle pada minggu lepas masih lagi di bawah Resistance 1.18800. Candle pada hari jumaat close bearish candle. Bearish engulfing terbentuk sebagai comformation sell. Namun begitu saya lebih prefer sell selepas candle break support 1.17100 dan target ke support seterusnya di 1.14800. Dan untuk peluang buy saya lebih prefer candle break Resistance ...
Will wait for a break and retest of current trend, after confirmation of the beginning of a bearish move outside our trend will open a short position with stops as indicated on chart.
I'm a beginner but the head and shoulder is to become. I seen that other spotted it. So does this pattern mean as it says in the books or what will we looking for if it's fake news.
First of all: the last trade which we short from 1.1994
is very profitable. +300 pips, so it is wise to take some profit of the previous trade
PLAN A: If the bullish BAT pattern works
and price failed to break down 1.1660
,we can consider to buy EURUSD and aim for 1.1841 and 1.1937
PLAN B:
If NFP is very good and Dollar get strong,
when we see 1.1660 is ...
EURUSD Sideway and rejected by 0.618 level
After EURUSD hit 1.1910, price couldn't
make higher high any more
and what we can see is equal highs that rejected
from 1.1815 the 0.618 level.
Therefore Short EURUSD now , SL above 1.1905
TP1: 1.1662
TP2: 1.1450
Good Luck
