EURUSD forecast
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EURUSD is holding 50% retracement support at 1.3103. We Trading Look® for the “neckline” to the top at 1.3220/30 to ideally cap further strength though, for an eventual decline to 1.3021.
EURUSD has found near-term support at the 50% retracement of the July/August rally at 1.3103, and we allow for the corrective bounce/consolidation from here to extend short-term. Resistance shows at 1.3189 initially, with the “neckline” to the top at 1.3220/30 ideally capping to keep the broader risks bearish through 1.3103 to 1.3021/1.2980 – the measured target from the top and 61.8% retracement. Removal of the latter would expose the broader range lows at 1.2775/55.
Above 1.3230/55 is needed to ease the immediate downside bias for strength back to 1.3293/98, but with fresh selling expected here.
Strategy: Short, add at 1.3228/38 stop above 1.3259, for 1.3025.
EURUSD has found near-term support at the 50% retracement of the July/August rally at 1.3103, and we allow for the corrective bounce/consolidation from here to extend short-term. Resistance shows at 1.3189 initially, with the “neckline” to the top at 1.3220/30 ideally capping to keep the broader risks bearish through 1.3103 to 1.3021/1.2980 – the measured target from the top and 61.8% retracement. Removal of the latter would expose the broader range lows at 1.2775/55.
Above 1.3230/55 is needed to ease the immediate downside bias for strength back to 1.3293/98, but with fresh selling expected here.
Strategy: Short, add at 1.3228/38 stop above 1.3259, for 1.3025.
Attachments
EURUSD stays under pressure in the broader range
EURUSD has bounced, but is still seen staying under pressure in the broader range to 1.3321/1.2980. Above 1.3418/52 is needed to turn the trend higher for 1.3504/21 then 1.3711
EURUSD has bounced, but is still seen staying under pressure in the broader range to 1.3321/1.2980. Above 1.3418/52 is needed to turn the trend higher for 1.3504/21 then 1.3711
Forecast
Our forecast was made for higher Euro/Usd on Sept. 9th when the market was trading in the 1.3250 area and was made WITHOUT contingencies, exceptions, or " what ifs" Today the Euro is trading around 1.3525. Results speak for themselves. Draw your own conclusions and watch for my future postings for more laser accurate forecasts. I may not be right 100% of the time only most of the time AND I never make a prediction that is contingent or dependent on some other technical consideration. We're not cute in how we forecast there's no double think here ,we just make accurate tradeable forecasts--EB
Our forecast was made for higher Euro/Usd on Sept. 9th when the market was trading in the 1.3250 area and was made WITHOUT contingencies, exceptions, or " what ifs" Today the Euro is trading around 1.3525. Results speak for themselves. Draw your own conclusions and watch for my future postings for more laser accurate forecasts. I may not be right 100% of the time only most of the time AND I never make a prediction that is contingent or dependent on some other technical consideration. We're not cute in how we forecast there's no double think here ,we just make accurate tradeable forecasts--EB
Trading View: EURUSD confirmed a further weak closing on Friday making a new low in the daily as well as in the weekly chart supporting further weakness. The drop failed yet to confirm our m/t target that we expect to see very soon! We still expect the EURUSD to deep below 1,20 before end of the year with 1,1321 the possible target in the coming weeks!
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Is it growing up? I'm thinking about opening long at 1.06 and hope it will be 1.07 or 1.08. What do you think?
Yesterday I made a wrong decision, no huge loss, fortunately. I’m planning to open a sell order. The updated target area is confirmed by local retracements.
On the upside, 1.0825 is a resistance of sorts, and 1.0910 is higher resistance. i'm going to buy at 1.0715, TP: 1.0800, stop loss at 1.0615.
Euro is trying to retrieve and hour chart shows that in general it manages well. But in the outlook Euro will retreat. On Monday bears will try to press and force 1.0685.
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