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the stochastic is showing that the trend will go down from 1.3770 to 1.3745 at time frames 30m, it is good for scalping and i prepare for this from 1.3765 - 1.3755
and time frames 1D is showing the trend move down and it can be for longer time, so ipredict this trend will go down for 2 days
After pullback from previousday now there is some confusion of todays trend and its become hard to me in which direction the price will be go now . at this point there is really hard to understand but there was good chance for trading this pairs and i also get some pips . hope trend will be clear soon.
the pair and as we can see from the chart has closed it's daily candle under the level of 1.3750 , so , that's mean the down trend is still standing and the pair is heading to 1.3700 then 1.3670
The euro has not yet managed to remain above 1.3770 supporte ... Today, we do not expect any important statements of politicians and central bankers ... Shares are relatively quiet and we could see a stabilization of the FX market ... The outlook remains neutral for the euro ...
stochastic at time frame 30 m is now showing the trend will move up for some pips
range : 1.3715 - 1.3730
prepare for order : buy at 1.3715 and close at 1.3730
target 10 pips
Although its going down from previousday night but previousday from moarning it was strong down trend . anyway i also expecting it will turn back from 1. 3710 or may be 1.3705 and will be higher more 1.3750 which my first target and just looking to comedown price to this level of 1.3710.
this pairs for this time is unpredictable, i have to wait for a good signals and i do not want to open position right now, as we can see it at stochastic 4H and 1D, there is not same direction and it means the trend can move up or down...be carefulQuote:
Originally Posted by vicky
This pair is oversold on Stochastics and RSI so i think the down trend is turn back a little. But we must wait for news from Europe Zone today to enter the market
the trading now above the level of 1.3700 will make the uptrend expected and the pair might continue in it's upmovements heading to 1.3800 and then 1.3850 and that's before bouncing from the resistance levels
EUR/USD rose during the session as traders piled back into the Euro again on hopes of some kind of deal being worked out between Germany and France.