Eurusd-price
EURUSD: Expected price movement after this interesting mondayHi traders,
This was a very moving monday in the market, mainly on the EUR and USD pairs. On this chart we can see a nice completed AB=CD pattern that I traded (entry was at 1.06316). I posted that trade on my Facebook and Twitter account.
Now I expect to see another, smaller, AB=CD pattern forming on this chart. Expected price movement is projected with the red line.
Cheers
EURUSD (DAILY) PURE PRICE ACTION ANALYSIS Continuing the downhill momentum with the increased USDOLLAR strength.
Price action giving me clear signs of a further push towards the monthly resistance level,
here we may see a reversal start to form along with further economic activity this week and next.
1:1.7 risk reward. At your own discretion.
Looking for traps. Don't get drawn into piling on lots that you can't control with your own emotions.
ALWAYS look at the bigger picture!!
EURUSD Gets Ready for a 3,500 PIP Move SouthThe EURUSD has been recently trying to retrace after a massive 3,500 PIP drop from May of 2014. During this retracement, a nice Flag/Channel was created and then broken to the down side.
Most recently the bottom of the channel has been retested and it looks like the EURUSD is ready for the repeat of history in one of the greatest free-falls in a while.
The measured objective leaves our target at 0.8225.