Subscribeeur/usd failed to re-test the broken trend on the daily frame . But the very bad news on the united states dollar make the euro looking for 200 pips rising at least from the next week .
Thread: Eur/Usd
eur/usd failed to re-test the broken trend on the daily frame . But the very bad news on the united states dollar make the euro looking for 200 pips rising at least from the next week .
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hammad101 (2020-05-22), Hamzagoroo (2019-03-23), Mureedabbas (2019-05-25)
The euro remained pressured from the flow of sluggish fundamentals where Germany confirmed the weak expansion in the second quarter and the manufacturing sector in the euro area contracted in August assuring the weakening growth.
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hammad101 (2020-05-22), Mureedabbas (2019-05-25)
It falls to 1.42 today (almost 300 pips of profit) and before NFP it is possible
we will see correction highe. But just shorttermly.
General trend is still to down till targets thousands of pips lower.
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hammad101 (2020-05-22), Hamzagoroo (2019-03-23), Mureedabbas (2019-05-25)
Immediate support lies at 1.4225/05 . Below here, the pair might find support at 1.4150 and 1.4105. On the upside, resistance levels are 1.4300/15 , and above here, 1.4375 and 1.4465
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hammad101 (2020-05-22), Hamzagoroo (2019-03-23), Mureedabbas (2019-05-25)
If a M15 close above 1.4320 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4226 sell only and do not buy. If price closes back above it again do nothing
The range 1.4320 and 1.4226 is neutral area, any trade done in between is personal decision and not part of this analysis
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hammad101 (2020-05-22), Mureedabbas (2019-05-25)
Difficult to analysis, perhaps after from about 1.4220 and then its more potential to rise to about 1.43 or more high-level
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hammad101 (2020-05-22), Hamzagoroo (2019-03-23), Mureedabbas (2019-05-25)
The price is now at 1.4285, and the downtrend is still looing very strong, i think this week it will close below 1.4100
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hammad101 (2020-05-22), Hamzagoroo (2019-03-23), Mureedabbas (2019-05-25)
the pair and as we can see from the chart has closed it's daily candle under the level of 1.4400 , so , that's mean the down trend is still standing and the pair is heading to 1.4350 then 1.4300
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hammad101 (2020-05-22), Mureedabbas (2019-05-25)
After spending most of the day inside a narrow range around 1.4440, EUR/USD weakened and accelerated to the downside, breaking below 1.4415 and touching a fresh daily low at 1.4395 in a matter of minutes.
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hammad101 (2020-05-22), Hamzagoroo (2019-03-23), Mureedabbas (2019-05-25)
the pair and as we can see from the chart is trading now above the level of 1.4400 , so when ever the pair success in breaking 1.4400 , that's mean the down trend will be assured and the pair might head to 1.4370 and then 1.4340
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.
hammad101 (2020-05-22), Mureedabbas (2019-05-25)
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