the pair and as we can see from the chart has closed it's daily candle under the level of 1.3600 , so , that's mean the down trend is still standing and the pair is heading to 1.3500 then 1.3450
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the pair and as we can see from the chart has closed it's daily candle under the level of 1.3600 , so , that's mean the down trend is still standing and the pair is heading to 1.3500 then 1.3450
Euro rejection from one-week high at 1.3690 on Wednesday was contained at 1.3520 low on early Asian session, and the pair bounce up strongly over the Asian session, to regain 1.3600, and stall below 1.3635 session high ahead of the European opening.
as we can see from the chart , the pair has succeeded in breaking 1.3600 and reached 1.3650 , so that's mean the up trend is still standing and the pair might head to 1.3700 and the 1.3735
The EUR/USD is consolidating above 1.3600, hovering around 1.3630/40, 0.65% above today’s opening price. The pair reached a daily high at 1.3678 on European hours, retreated afterwards but managed to hold above 1.3600.
it seems this pair turn back down yesterday after fail to break the previous high......if we look closely in the 1h chart there was a head n shoulder formation .....so the uptrend still intact i think.....if no it will go down to 13540
Eur/ usd pair comes out bullish and it will going down and down... i don't know where it will got resistance but if this will keeps on going down, then my buy position will never mature and comes out bullish for me. if any strong indication share over here.
this pair has been going down for several time and we can see it at the trend line or stochastic TF4H and of course chart too, and this proccess is look like be longer because at TF1D the stochastic had already gone down too...well maybe for next week it will be downtrend
I expect the appreciation of the dollar to 1.3390. MACD is the zero line, handing a neutral tone. Stochastic indicator signal a decline.
as we can see from the chart the pair has success in breaking the level of 1.3400 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 1.3350 then 1.3300
i understand, this pair maybe will go down till 1.3300 or 1.3200, and that is very deep to go down...but i still confuse with this situation, for how long ?Quote:
Originally Posted by arihant