as expected last week we saw eurusd breaking that huge H&S on the H4 chart resulting in a fast movment t
now we see a continuation of the pattern
1- H&S target have not been achieved yet
2- We have a double bot formation on the daily
3- big buying sentiment next to the breakout level
We are now trading a lower tunnel inside this huge triangle.
last week we has ended with the price touching the resistance level .
- Hourly chart indicates a potential H&S set up
- RSI and MACD showing divergencies
Short next to this resistance level aiming to the right shoulder level and see how it reacts. This level is key to show if we are going lower or if...
The weekly is turning down and the daily right side is down with a bearish sequence against the 2/16/18 highs at 1.2568. The 4 hour right side is down with a bearish sequence against the 1.1497 highs from 3/9/20. The hourly right side is down with a bearish sequence against the 1.0993 highs. While below there expect further weakness.
The weekly is turning down and the daily right side is down with a bearish sequence against the 2/16/18 highs at 1.2557. The 4 hour right side is down with a bearish sequence against the 1.1496 highs from 3/9/20 . The hourly is turning down against 1.1148. While below there expect further weakness.
Short term signal
EURUSD currently completes its Elliot correction wave of C which is further signalling the buyers are in near term control
From the current level 1.10000 which is a major psychological level, We can open long positions
Primary target would be 1.11400, Which is recent resistance level
Stop lose may placed below the completion of Wave C
Leave your comments below
EURUSD continues its strong reversal occured on last week, and expected to continues its bullish momentum, before that it will retest the significant price level of 1.10000 and will rise higher at later half of the week..analysis from the perspective of technical analysis and price action..
EURUSD is trading in a rising channel. So far the Channel support was not broken
Weakness in USD will support the long in EURUSD
Suitable long positions may open at 1.08545
Potential take profit will be 1.10140
Stop lose may placed below the channel support level 1.07800
Leave your comments below
From my humble fully-technical perspective, I see double mountains appearing in a bearish trend for EURUSD. From my fundamental perspective, US Manufacturing PMI was 1 entire point lower than expected but European markets decreased due to new surprise US tariffs on Argentina and Brazil markets. US doesn't abandon trade war, that's why I think EURUSD will form a...
Last Week EURUSD was very volatile. Price has recovered from 1.13000 level. and Showing strength for Upside.This Week price can move upside for 1.15000 and 1.17000 levels as well.My Views are bullish for this week on EURUSD. * Always Move stoploss to cost if price moves more than 50 pips.*
the bulls are coming in control again this week as dollar is under pressure,
situation clearly prefers upside
with targets 1.1090
if price breaks below1.0929
supports are as follows
last week sell has hit the first target
EURUSD seem to be looking at working its way to go down towards parity. The current political and economic climate might seem to suggest the same as well.
With geo-political issues people run towards the Dollar safe haven status again and Euro is always one country away from having another round of news being going everywhere that the union might be...