Symmetric Triangle on EURUSD and it may break either side.
Trade for Long:
Buy above - 1.05490
Target 1 - 1.05780
Target 2 - 1.06070
Stop loss - 1.05105
Trade for Short:
Short below - 1.05100
Target 1 - 1.04870
Target 2 - 1.04505
Stop loss - 1.5490
Fundamentally it probably make no sense to buy Euro but looking at divergence in ROC & price it looks like euro will move up from here the move can be very short term or long term i have no clue about it, but if we look in the past history data it gave really good calls.
With the FED Rate announcement just a day to go, EURUSD is approaching the sell zone. Although the move to the upside form now is really strong, we need consider that it is in a range and within the range, both the up and down legs are impulsive in nature and we cannot ignore the previous down leg and the larger trend on the chart. This gives us the most probable...
EURUSD after a month down trend and uncertainty over US presidential election outcome the pair has been remain under pressure and after Trump's win dollar getting strong. The pair has been forming a falling wedge pattern which is about complete and to turn, the pair may breakout upward, risky traders may go long in ERUUSD with a target of 1.08469 as first target...
The day of Monday will be crucial to understand if EU will open the new candle remaining above major target reached in week or if will revolve below.
The Idea to find upside direction with the first target to 1,137 and 1,142, 1.1450.
Let's see.!!!!!!
Have a nice weekend.!!!!!!!!!!!!!
90 pips + & look the bounce exactly from 1.1155 as per the previous update--EURUSD-Update-13-(Waiting for Most exciting Wave)...
Regards,
Abhishek H.Singh,CMT
EURUSD-- (L-S) Long First Again & Short Later Post Breaking Key Support Level)..Current Price-1.1175....The price movement from 1.1197-recent high is corrective & if it is taking form of a triangle which is valid for 4th Waves...we shall look for a thrust upside crossing 1.1197 high & making a new high...This correction should not go below 1.1154 (taking -5 pips...
Look How Wave gets support & making a low@1.1155 post d-wave as shown in "EURUSD-Update 13--Waiting For Most Exciting Wave"
Here EU took U-turn exactly 5 pips away from our stop loss (life guard -5 pips) & zone mentioned clicks (1.1155--1.1165)...Just made recent High@1.1184...
Current price--1.1180...
In current scenario it shouldn't go below 1.1154 ....& look...
