EUR/UUSD just turned back to the Neckline to retest it. 1.3020.
Now it should go further down to 1.2950.
Here we should see another bounce to 1.2970.
Final target for the fall of eur/usd is 1.2840 for now. Strong supports are here located
Thread: Eur/Usd
EUR/UUSD just turned back to the Neckline to retest it. 1.3020.
Now it should go further down to 1.2950.
Here we should see another bounce to 1.2970.
Final target for the fall of eur/usd is 1.2840 for now. Strong supports are here located
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Sudden up spike took out my SL, however my second sell order kicked in to bring me 80 pips. SL earlier order - 30 pips, so overall 45 pip profit for the day.
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ba33 (2019-01-14), PAK786 (2019-01-14), rashidnawaz (2019-01-14), SA153P (2019-01-15), Shahzada (2019-01-14), Unregistered (4)
EURUSD is still in the consolidation of uptrend from 1.2042. Further decline to 1.2800 to complete the consolidation area is likely to occur.
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There is a chance of a bounce given the move from the highs of the 17th may be completing its 5th wave. A break back above the hourly shooting star at 1.2972 could confirm a rebound and target 1.3045. However ultimately I see the bear correction resume afterwards and reach 1.2775, where the monthly pivot, trend-line and 38.2% fib combine to offer support.
R1 1.3035
R2 1.3087
R3 1.3127
Pivot 1.2995
S1 1.2943
S2 1.2903
S3 1.2851
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ba33 (2019-01-14), gale (2019-01-14), rashidnawaz (2019-01-14), Shahzada (2019-01-14)
EUR/USD INTRADAY: UNDER PRESSURE.
Pivot: 1.305
Most Likely Scenario: Short positions below 1.305 with targets @ 1.2965 & 1.2945 in extension.
Alternative scenario: Above 1.305 look for further upside with 1.3085 & 1.3115 as targets.
Comment: the pair has broken below its support and should face further weakness as the RSI is badly directed.
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ba33 (2019-01-14), gale (2019-01-14), isha (2019-01-13), rashidnawaz (2019-01-14), Shahzada (2019-01-14)
Pair look to the range of 1.2430 retracement trading session yesterday and managed to make Resistance the range of those levels, the range of 1.2360 Support is also formed. At the session this morning momentum Pair is bearish, watch out when the pair confirmed the range of 1.2360 as the pair will potentially Resistance traded down to the 1:22 range.
Range EURUS has been trading with 23 points which is 21% of the Average Range 112 points and was trading down -0.16% to +0.01% High and Low -0.18% from the close of trading yesterday.
Intraday Resistace 1.2360 - 1.2430 - 1.25
Intraday Support 1.22 - 1.1875
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It is the main currency. Maximum trader comes here to trade. I do trade on it 95%. When any body wants to trade on any currency need to monitoring some time means until which side is going that so I remember that at a time when I want to do on many currency in that time to monitoring on several or that currency. It is problem for me. It takes many time.
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R1 1.3035
R2 1.3087
R3 1.3127
Pivot 1.2995
S1 1.2943
S2 1.2903
S3 1.2851
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Euro reversal from 1.3955, high yesterday was contained at 1.3825 low on US session, and the pair bounced up again to regain lost ground during Asian session, and halted, once again at 1.3955, t6he Euro has pulled back to 1.3900 ahead of the European session opening.
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China is to publish what will be closely watched trade figures on Monday amid the ongoing trade war between Beijing and Washington.
The British parliament is due to hold a vote on Prime Ministers Theresa may's Brexit deal on Tuesday after the first attempt at voting on the agreement was postponed last month.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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