The EURUSD was the victim of the risk-off theme and Draghi yesterday. The pair moved lower towards the 1.3850 support level. The pair is back above the 1.3870 level, as of writing. However, the bearish pressure intact for the pair. A failure at around the 1.3900 level might again push the pair lower. A break and close above this level could set a rally in the pair. So, watch for a reaction around that level in the short term.
Euro ...Daily Technical Vision
- Thread starter Fares Shanab
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- fares shanab shanaba
from 13476 to 13965 is tow cycles in price angles based on Jann conception
first 13476 - 13720 = real 360 angle
second 13720 - 13865 =real 360 angle
so any close at least tow days above last top 13965
we think we will see another cycle - 45-360) end @ 14220
and it depend on geopolitical situation of
Ukrainian and Russian crisis, then the position of the west against
So let us wait talk about movement unless end of this situation
Next three resistances : 13998 - 14028 - 14062
next three supports : 13840 - 13811 - 13778
first 13476 - 13720 = real 360 angle
second 13720 - 13865 =real 360 angle
so any close at least tow days above last top 13965
we think we will see another cycle - 45-360) end @ 14220
and it depend on geopolitical situation of
Ukrainian and Russian crisis, then the position of the west against
So let us wait talk about movement unless end of this situation
Next three resistances : 13998 - 14028 - 14062
next three supports : 13840 - 13811 - 13778
If the euro was steady at levels of 139 Today
The strong point that could bounce it @13902
So I expect to test the psychological level of 140
Between 14002-14020
The strong point that could bounce it @13902
So I expect to test the psychological level of 140
Between 14002-14020
As we noted that 13902 failed to push Euro up to test 140 level
So the VISION of previous post was occur as follow :
As Euro under 13840 , it is for sale
Break point 13840
Will lead the pair to 13902
It has switched to resist after falling euro which was not able to submit it to the levels of 140 as mentioned in the previous thread
Break point 13840
Will lead the pair to 13902
It has switched to resist after falling euro which was not able to submit it to the levels of 140 as mentioned in the previous thread
As We Said
Breaking 13840 Leads to 13902
Exactly What Happened
Now We Think Euro Will Goes down in next May
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