Looking for a continuation in price towards target 1&2. We can see EURUSD was siting on major support, due the weakining of dollar it has kickstarted the reversal of this pair.
Im still sticking with the same bias which is 1.20000 target by March.
BUY EUR/USD 1.13066
STOP LOSS - 1.12683
TAKE PROFIT 1 - 1.16250
TAKE PROFIT 2 - 1.20000
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As traders, we understand that we can only ever play the probabilities.
For that reason, we want to be able to identify where the high probability trades are presented.
If we can identify an area of the market that is likely to be respected, we can build entry and exit rules around that move and capitalise.
Lots and lots of confluence here and I will be keeping...
complex corrective pattern! since it broke the bottom with wave B than it would make running flat or in this case i believe it will make expanded flat with breaking the top and up to near that red line which will finish the whole structure and big drop will follow. now for making the wave C i have no idea which structure will make to there, so ill take a guess...
Potentially retesting on weekly trend-line suggesting bullish movement.
RSI oversold on the 4hr timeframe.
Ideal entry would be at 1.13200 technical support level.
Swing trades targeting for the 1.14000 psychological level with potential intraday trades targeting the 1.13650 level.
Withe the US dollar index keeping a neutral/ bullish trend and the uncertainty within the EU with Brexit and the issues on the Italy-Germany bond pushing the EU to a possible short term recession the pair has drop significantly last week.
Both 200 & 800 EMA’s support a further bearish trend that could reach the 1.12 level.
If the pair breaks below the 1.13...
The pair has been oversold the past week reaching lows of 1.30, its currently on a steep upward trend that is expected to continue until thE 1.15 are to test the psychological line.
The weekly trendline and the 800 EMA around that area.
The downward potential is some what secured by the 200 EMA and the 0.5 fib around the 1.14 are .
News for EUR next week to...
I am very new to forex and have been following signals and trying to learn for a while. This is a position I am merely considering so any constructive feedback is welcome!
Basically I am using a round numbers based strategy and seeing that EURUSD has been hovering in the 1.1300 to 1.1400 channel for a while, it now appears to be breaking out of that channel and...
EURUSD currently retesting 1.135-1.136 range, with a trendline in play. Long opportunities to 1.144. Fibs 0.618 located at current level. Will be shorting if there is a strong direction change upon confirmation to 1.13 psychological handle as a second scenario.
EURUSD is expected to extend its bearish trend and GBPUSD is currently trapped within the 1.2920-1.2960 (200 &800 EMA) area with a lot of support around that are. The Cross-pair is currently consolidating around 0.8750 where there is significant support, if it breaks below the door could open for lower lows such as 0.8620.
Both the 200& 800 EMA support the...
Looking to go long on EU however we are still waiting for price to playout in this channel, We see a potential divergent move coming close which may show a nice indication that price is lying to us and it will respect the channel.
Also waiting for some candle confirmations, AS price may do some manipulation towards the zone highlighted below, that is the reason i...
In a downtrend and now trading underneath the moving average. I can see EURUSD falling down to the next zone i've marked with the black lines.
This is a zone that has been respected in the past on the daily time frame.
1.14838 is a strong resistance level ( shown with purple arrows is where price has touched and bounced off this level ) We also have 2 very respected trendlines formed that have been used as strong support ( blue arrows show where price has touched them and bounced )
We can se price moving to the upside to our 1.14838 area of resistance, so we are in a buy...
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.
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