EUR/USD now officially leaving 1.23xxx area and rally to reach 1.24xxx level, the rally confirmed at the first place when the price breakup the 78.6% Fibonacci (1.22886) and just in one day another level of 61.8% (1.23264) also breached
Now the price currently consolidating between 1.23529 and 1.23649, right above 50% Fibonacci level, option to buy clearly more...
Right now, EUR/USD still make most of the trader confuse, however from my point of view the price now is preparing to move up as the pair fail to break important support and as we all can see the buyer start coming in
I see the current movement as a retracement as the price fail to break up fibo level at 78.6% (1.22886), expect the bullish signal at 1.22581 –...
EURUSD finally touch the very bottom of previous swing at 1.224xx and currently price is moving upward heading to level 1.226xx, this area acting as support on previous sideways
On my previous analysis, 1.224xx level might be the place where the Buyer will start to take control, scroll left and see how the price reacting to this area, pretty much similar to what...
This week has been a difficult week for EURUSD, the pair moving within a range that gradually put it into lower position.
Now 1.22892 currently being tested, the result could determine the next movement of the pair,
a sustained movement above 1.22892 will bring the pair gradually move up to reach the 0.618 fibo or event 0.5 fibo level, meanwhile a sustained...
Based on current price position, the movement of EUR/USD likely will be determined by market reaction to 1.23300 and 1.23400
Break up move over 1.23400 will indicate the buyer is coming in and if this presence enough upward power, we could see a good rally back to 1.23838 or even 1.24032
If the price moves constantly below 1.23300 will indicate the downward...
Previous idea to sell the EUR/USD have been proven, someone out there I believe still open their trade or even already take the profit :)
Now let see the current retracement and pay attention to possibility of Uptrend continuation,
I will put area 1.24100 and level 0.618 fibbonaci (1.24038) as potential support that will bring EU back to top
EU has a massive uptrend movement yesterday, now the price consolidate between 1.24556 and 1.24416, will push him more without giving him any break time or even a good quick nap? :)
be careful with fals break UP!
Possible sell entry at 1.24350, will be good if you confirm with pullback after retest the consolidation area
Take profit at 1.24200
Stop Loss at your...
