EURUSD - 9/24-29/17 Trading Analysis
Expecting rise to 1.2050 - 1.2100 levels
Followed by decline to 1.2000 - 1.1950 levels
Firm break below 1.1910 can signal further decline to 1.1880 followed by 1.1850
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Expecting rise to 1.2050 - 1.2100 levels
Followed by decline to 1.2000 - 1.1950 levels
Firm break below 1.1910 can signal further decline to 1.1880 followed by 1.1850
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Note
Bearish momentum building. Firm break below 1.1815 could lead to 1.1725 levels at which time a correction higher to 1.1860 level & above may be expected.Note
I am showing next major Support level @ 1.1760.Note
For Uptrend reversal confirmation look for firm break above 1.1865 leading up to 1.1894 followed by 1.1946Note
Reading Support levels as between 1.1760 and 1.1693Note
Support levels @ 1.1770. - 1.1729. - 1.1695For Bullish analysis, see above levels in updates.
"Plan your trade. Trade your plan."
Good Luck!
Note
Seeing reaction to Hawkish speech by FOMC Yellen giving good signal of US rate hike in December.Note
Watch for price staying below 1.1820 level as good indication could lead to 1.1670/65 levels in short/mid term. Re-position S/L accordingly.Note
Watch w/caution between 1.1725 / 1.1665 levels as possible trend reversal may occur. Firm break and hold below 1.1660 may lead towards 1.1518 level but there is a good possibility that corrective reversal may be in play between above levels opening path back upwards toward 1.1985 / 1.2000 levels.Suggesting caution, watch closely, protect profits.
Good Luck!
Note
Bullish reversal signals ... Watch closelyDisclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.