EURUSD H4Price has made a false breakout to the downside of the consolidation box on Friday. Price then went down to test the long term trendline where then a bullish reaction took place after trapping sellers. A powerful move up from there making a bullish engulfing to break through resistance (61.8 fibonacci retracement), along with the box region to the upside. Will be watching for a pullback towards previous resistance (blue zone) to test as new support for then a further push higher.
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t.me
EURO-USD
EURUSD BULLISH BREAKOUTLast week we spoke of the potential for EURUSD to bounce from the previous structure highs.
Now the price has done this we could expect the bullish breakout pattern to complete. A break
of the highs at 1.1250 will be needed in order to sustain mid-term long opportunities. The EURO has gained
on the strength scales and with the USD likely to weaken this chart looks set to move higher.
Bearish weekly outlook - drop to 1.09217 (yearly S1)Weekly analysis...chart says everything. Chikou span is in free fall. Price was stalled at weekly pivot support S1 (yesterday´s day candle, pin bar) - I didnt plot weekly pivots here, you cant see it. It might bounce up to weekly or monthly pivot (area btw 1.11276-1.11696 i.e. max 20-64 pips up next 1-3 days) and then we will see a drop of ca. 220 pips in second part of the coming week. 116.81 would be a perfect entry for a massive drop. Price already retested the middle yearly pivot line (forming an evening star). EURCHF analysis confirm bearish EURO trend.
EURUSD Analysis 6/18/2019EURUSD has been in this falling wedge for months on end and we finally had a breakout three weeks ago. It broke and hooked back down to old resistance to retest that zone and it needs to form new support against that trendline. On the 4hr chart a bullish cypher formed indicating a buy. On Wednesday 6/19/2019 we have FOMC news (Federal Reserve) to discuss monetary policy and it can either send USD flying or can kill it. Also divergence noted on RSI. Just food for thought....
EurUsd Buyers Market and Possible Entry.Hello,
As we saw last week how EU got out of that BOS(Break Of Structure) now we look for future entries and places of interest for this pair.
I'm going to be waiting for a 61% retracement but at the end, I'm going to be looking for support and resistance/BOS on smaller time frames to the upside once it reaches my fibs and a oversellers marker on my stoch.
hope this helps for some people that have the same or even different analyst of the chart.
Please feel free to reach out to me if you have any questions.
Thank you.
EUR/USD LONG HOPEFULI think when markets open eurusd will drop down to 1.12600 area then will go up to start my long position however if it breaks my zone it could jump back in the downtrend meaning its high was just a NFP spike. If it keeps going down I will hold off because it could be a sell and if it does drop further I will place a sell expecting it to continue down a make a lower low. LETS SEE WHAT HAPPENS
EURUSD trend still longCould be a big move some time soon with Fiber needing to cover much ground in light of USD weakness.
FX 5 June EURUSD
Recommendation:
Buy at / above: 1.1273 Targets: 1.1300 --- 1.1333 --- 1.1366 --- 1.1398
Stoploss : 1.1240
Sell at / below: 1.1240 Targets: 1.1213 --- 1.1180 --- 1.1148 --- 1.1115
Stoploss : 1.1273