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...
