Eurshort
Eurusd Ready for 1.14-1.145 be Alert Eurusd Trading around 1.1605 Level Strong Resistance above 1.17 level now Small support seems around 1.1570 where breakage may call for 1.14-1.1450 soon and if a jump so expected toward 1.1680 then a drop toward 1.14-1.1450 as not closing on Daily chart above 1.1720 be Ready for a drop.
Advice too sell pair in range of 1.1605-1.1680 sl above 1.1750 TP 1.1450
Overall ShortWith NFP giving the Euro a little more life against the dollar
We can see a retracement to 1.1845 - 1.187
Previous Post is still valid
Additionally we got a completion of a Bullish Bat Pattern
If one does decided to take a Long Position based on this pattern
I advise to take to 38.2 TP1 only
Will be monitoring PA at 1.1845 - 1.187 for signs of a bearish continuation
Bearish Targets @ 1.5
Everyone's long EUR, but is this a short opportunity?Hmmmm, I get it, long EUR because of current account differentials, QE taper, balance sheet normalisation, US political uncertainty, French elections over, everything rosy in Europe.
But often, the obvious is obviously wrong .
If EUR respects 1.20-1.21 as overhead resistance, then we could be looking at just a 50% retracement of the huge down leg.
Suggesting EUR downtrend will resume.
Why? I have no idea. But put the trade on first , and assess the why later.
Great risk-reward here.
EURUSD to short @ 1.18547Strong downtrend is still intact. I am looking for more downward movement and would like to participate around 1.18547 which is a good confluence area. Once zone will be hit, I will look for reason of entries
Short @ 1.18547
SL:1.19427
TP:1.17178
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*Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies and crypto currencies can be risky and potentially profitable opportunity for investors. However, before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
EURGBP Short - Hammer the price down!!!!!!!!!!!!!!!Price action at daily resistance. ALSOOOO, the RSI is Overbought @ over 80. (TECHNICALS ARE NOW ALIGNED)
Brexit woesss!! - Too much negativity so far from the negotiations UK government are producing to EUR
Sellers should enter the market by friday. Expecting some positive fundamentals for GBP this week and next week.
$$ Take profit at a psychological number $$ but could reach previous support
SL: 0.93030
Entry: 0.92285
TP: 0.91000
Is this the top for EURUSD? Momentum slowing on DAILY chartIs this a medium term top for EURUSD?
Technicals
Bearish divergence seen on daily chart.
Upside momentum is slowing.
DXY showing same, if not stronger divergence.
Sentiment
Consensus has become EUR positive - in fact, extremely EUR positive.
Fundamentals
All banks raising long term forecasts for EUR.
Even though last month's inflation reading missed expectations, and Draghi wasn't hawkish at all!
This week's ECB conference, UK elections, and next week's Fed meeting all may impact.
Perhaps end of May flows were responsible for the last push up in EURUSD, now may start to fall as fundamentals come back in play.