Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.06467). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCHF is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Analysis mentioned on the chart.
After a long rally from an ending diagonal of wave 3 the pair is forming a Head and shoulder pattern. The breakdown of the neckline will bring the prices down to the previous supported as shown in the analysis.
Heavy Short selling can be seen if failed to sustain the level of 1.7500 and it will bolster the view if prices slipped below the level of 1.17000
BUY EURUSD @ 1.1820 TP1 : 1.1880 TP2 : 1.1950 SL FOR PAID
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 TP: 1.1880 SL: 1.1750 Good luck !
If the price holds the region of 1.3300 , the pair will give an up-move again for a new high.
analysis mentioned on he chart.
Today's move created a new wave-c of wave-2 . Still the bias is for downsouth as wave 3 going to unfold. Refer to the last update attached in the link.
The past week we clearly see several retest on the Gbpjpy resistance levels and before the market closed last week we clearly see a break and rest of our previous resistance which has formed to be out newest support. With this clear break and retest i expect a good buy.