The weekly right side is down against 1.4917. The daily is turning up against March lows at 1.0636. The 4 hour right side is up against 1.0757. The hourly right side is up against 1.1759. While above there the pair can continue higher toward 1.2200 in the cycle from the March lows.
BUY @ 1.1802-1.1780
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the 4 hour right side is down with a bearish sequence against 1.1557. The 1 hour is turning up against 1.1252. While above there expect the pair sees another high in the cycle from the March lows before a turn lower again.
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The 4 hour right side is down with a bearish sequence against the 1.1497 high from 3/09/2020. The 1 hour is turning up against 1.1183. While above there expect the pair higher toward 1.1497 before a larger turn lower again.
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The 4 hour right side is down against 3/09/2020 peak (1.1492) & shows a bearish sequence. 1 hour is down against 1.1353 high. Near-term, while bounces fail below there expect pair to extend lower 1 more push before last push higher against 3/09/2020 peak can be seen.
Stop Loss: 1.1150
Good luck !
The price has reached the bottom of the long-term trends it has created since 1985, with the downtrend it has created since 2018.
When we look at a monthly basis, we can see that the indicators are trying to move from the fall to the rise.
In this sense, with the breaking of the downtrend, we can see a new rising channel that will work for a minimum of 4...
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
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
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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...