EUR USD Technical Analysis EUR/USD succeeded to take out 1.15 support, break up again on daily basis 1.1760-price level will confirm medium term rally resumption and target next key at 1.1860 and even 1.2080 However, sustained price below will extend the consolidation pattern from 1.2091 with another decline through 1.1350 support- break again last lows will confirm for more downtrend…
EUR USD Technical Analysis With your permission this time, I will start with Eurodollar borders because I think this shuffle begins to confuse the traders in making deals and unnecessary tradingThe assumption is very simple at the moment: In the long run, I’m bearish on the pair and I think it will go down to check the open gap which…
EUR USD Analysis As I wrote last post EUR/USD we will see retracement – closed daily above 1.1430 will lead to 1.1630 and even more up targets such as 1.1670 and even 1.1740 As I said the last post – look closely we can see head and shoulders pattern EUR/USD succeeded to take out 1.15 support, break up again on daily…
EUR USD ANALYSIS EUR/USD still traded below 1.15 after reached last week all the way to 1.1300, from that level we can see retracement – closed daily above 1.1430 will lead to 1.1630 and even more up targets such as 1.1670 and even 1.1740 As I said the last post – look closely we can see head and shoulders pattern…
FOREX MARKET TECHNICAL ANALYSIS EUR USD ANALYSIS EUR/USD traded narrow strip since May If we will look closely we can see head and shoulders pattern: Head and shoulders pattern is a trend reversal chart pattern found after an uptrend or downtrend. There are two types of head and shoulders pattern: a standard head and shoulders pattern and an inverse head and…
Financial markets and currencies show nervousness… Get ready for something big in the marketsFX is very nervousThe movements we see are movements of something big beneath the surfacethe dollar made a big move on most of the pairsSome broke low and some did notGet ready for repair – a probability of over 70% that it will start todayI’ll update and…
Forex Market Analysis EUR/USD dropped to 1.1830 last week and recovered a bit. Euro – resistance at 1.2070+_ only closed above this level will confirm more up moves while failing to hold above this level will bring for more down moves to 1.1670+_ In the long term, the chance of long-term bullish reversal is going down as long as the…
EUR USD TECHNICAL ANALYSIS FORECAST EUR/USD dropped since February last record sharply below 1.21 last week.Only strong break down of 1.1960 key support confirmed medium term topping.The upside of recovery should be broken up by 1.2340 resistance to bring another record.break down Below last lows last week 1.2054 will target 1.1960.The ECB will need to inform the markets by June–July…
FOREX MARKET TECHNICAL ANALYSIS FORECAST Forex market Step Forward Two Back Scubido”Dollar Index broke above the key 90.00 level, the biggest spike since Dec 2016 – to its highest level since mid-January. With net speculative positioning at extreme shortsSome of the pairs in the forex market are facing critical junction points for a further move against the dollar in the world.I…
FOREX MARKET TECHNICAL ANALYSIS EUR USD ANALYSIS EUR/USD traded narrow strip since JanuaryFailed to take out 1.2560 resistance and retreated, break up again on daily basis 1.2560 price level will confirm medium term rally resumption and target next key Fibonacci level at 1.2860However, sustained price below will extend the consolidation pattern from 1.2091 with another decline through 1.1760 support.It’s still…