EURUSD forecast
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There was a performance of the Canada Bank on Thursday, which had an impact on the pair dynamics. The pair has settled and tested the 1.2494 level. It will be traded in the range of 1.2455 and 1.2498 some time.
It's possible to break of 1.0465. 1.105 was the level to keep an eye on up until Wednesday's closing, the fact that the move started as early as Thursday is another signal of the weakness. So definitely open short position.
It looks as if the EUR/USD pair will continue to be soft, and that rallies will continue to be sold off. It’s probably only a matter of time before we head down to the 1.06 handle, so we remain very bearish.
I've opened a long position above 1.078 with take profit at 1.095. The pair stands above its support.
Breaking of 0.7844 resistance level have improved the pair prospects and led to growth and testing of psychological 0.8000 level. I expect it. If this level was broken and pair settled above, next target will be 0.8300. But it is unlikely.
There is a cluster extending all the way to the 1.15 level, and the Euro in general looks very susceptible to selling at the moment. If we break down below the bottom of the shooting star that formed for the week, the market could very well test the 1.10 level.
I believe ultimately this pair goes higher, but I will wait until I get short-term pullbacks and show signs of support in order to start going long. I believe that the market will eventually test the 1.15 level, and once we get above there the longer-term trend will be to the upside again.
Bears failed to break the support level of 1.0825. The result is a funnel from which the trend will not in continuous flat. After activation guess bears to test the level of 1.0855.
EURUSD now right place to short for 100 pips. 1.1040-50 area. It is now in confluence of Resistance and Moving average on daily.
I don't expect any surprise in June rather than ranging. So pick the top and go for sleep after setting tp. The more u will time pass with chart the more risk. Specially in June,
Thanks
I don't expect any surprise in June rather than ranging. So pick the top and go for sleep after setting tp. The more u will time pass with chart the more risk. Specially in June,
Thanks
This pair started this week from 1.1005 support, and bears were very strong. So, I guess, the pair will be traded between 1.0935 and 1.1035 levels.
I don’t know where the price will go from month support. Will it update the maximum 1.1465 and limitations will grow to about 1.1170 and unfold to the south. You had better use any intraday growth for selling.
I closed selling positions at 1.1070 yesterday, and the price started to roll back, but as I expected it was a small rollback. I opened a new buying position yesterday as a bullish potential appeared again with all confirmations. The reference level today is 1.1108, if the price breaks this level and stay above it, the growth will continue (minor pullbacks do not take into account)
Yesterday the pair has reached the first assumed target 1.1120 and stepped slightly higher (it's good). Today, we expect a pullback, the main objective is the level 1 - 1.10933, where we will wait for a signal to buy at 2 - 1.1215, from where the price can move back and go south to the level of 3 - 1.1015, either hit it to continue Northern movemnet. If the level 1 is broken and there is a consolidation under 1.1080, we will wait for a return to the level 3 - 1.1015.
The pair will try to break the level of 1.1350, if the pair consolidates above the aforementioned level, we expect further movement to the north. If it does not gain a foothold there, we expect a continuation of Friday's movement in the area of 1.1200 - 1.1150.
Currently the pair is being traded within the range of the price channel on the level 1.1154 - 1.1188. On pass of the level 1.1163 the way to south will be opened up to 1.1104 and later 1.1016. The alternative outcome the level 1.1163 can be support as the pair will continue its upstream to 1.1239 and beyond. Do not forget to put Stop.
The pair confirmed a strong closing on Friday supporting a retest of the 1,1460 area, now the attraction. The weekly closing was also strong above the tops of the past few sessions. Further strength is therefore possible if not even probable!
The indicators of the daily chart are now well positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are also well positive with bearish divergences still supporting a positive tone. While above 1,1345 on an hourly closing we expect further direct strength. We prefer however waiting for a decent correction to buy but only close to the 200 hours line, now found at 1,1242!!
The indicators of the daily chart are now well positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are also well positive with bearish divergences still supporting a positive tone. While above 1,1345 on an hourly closing we expect further direct strength. We prefer however waiting for a decent correction to buy but only close to the 200 hours line, now found at 1,1242!!
as per [URL deleted] my previous Fiber preview, eurusd has broken medium term trend line, i would like to expect next resistance nearby 1.1500. if break down side 1.1418 area we will expect next support at 1.1368.
[URL deleted]full eurusd technical preview
[URL deleted]full eurusd technical preview
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The pair is being traded from the sloping support line, until it is held, growth scenario remains in force. I expect growth of the pair to the resistance level 1.1390 and in case of breakthrough, higher to 1.1445 resistance level. If the sloping support line can not withstand, the pair may fall to 1.1265 support level
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