Euro / U.S. Dollar EURUSD
EURUSD Forex Chart
Technical Analysis Summary
The downside potential on EURUSD is huge, and we are definitely more keen in looking for the sell opportunity. Disclaimer — this is not a trade call. Ensure you have a proper trading plan and risk management plan before engaging any trade.
If you have a well structured impulsive count and after a strong upward movement comes on the market ranges and take the form of a triangle then you know you are in wave 4 and therefore you must expect the market to continue the trend of momentum to complete wave 5 and a cycle. Contact me if you need more detailed hourly chart with everyday updates!
REVIEW OF MY IDEA ON EURUSD OLD RESISTENCE BECAME SUPPORT NOW SHORT STILL AVAILABLE BUT WATCH FOR THE MARKET DECISION BETWEEN PRICE 1.2272/ 1.2250
EURUSD / H4 EURUSD is moving inside of the triangle. out of Support line has to be stop at this trade
The Shark pattern AB leg extends OX leg between 113% – 161.8% BC leg extends beyond O by 113% of the OX leg BC leg is also an extension of AB by 161.8% – 224%
SAME AS Previous CHART 1- WEEKLY S/R 2- TREND LINE support 3. Enter Break Of H4 Trend Line — Price 1.2310 4- PROFIT TGT approx 130 PIPS 1.2460
So that triangle. last night EURUSD formed a bullish pennant. about 50 pips. (that means its *supposed* to go up) I would be all in this especially cause 50 more pips up is around the .61 FIBS on the 4hr chart. Im just worried that stochs is signaling over bought sooo LMK what you think.
Forming the same structure. If it breaks above 1.23300, 1.23600 and 1.23800 will be the targets. Let's wait and see. Visit our website for more.
EUR POTENTIAL SHORT THAN LONG
ENTRY: 1.23234// SL: 1.23534// TP: 1.22719
The high probability of closing sales in the current short-term flight and further short-term price growth to the level of 1.2341.
The dollar seems to be weak against all major currencies. An exception is the rouble, but this not a major currency. 🙂 There is a bottom building below the euro and we see some upward pressure at moment. Thus I expect the euro rising above the recent range today.
as you see we hold back to the tred line 1.22908
Knight: Foucs on important resistance level Consildation before the FOMC and CPI
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