Hello traders, EUR/USD has retraced more and this is a very nice moment to buy from my perspective. Hovering above the 1.17600 and 1.17 support and still holding within the channel.
Hello ladies and gentlemen, After the drop of the NFP, the trend line is still intact. This is a very nice entry point for EUR/USD to climb to new highs as the pair can attract a lot more traders which go long. Also, my opinion is that the DXY is looking overstretched and has still not broken the long-term trend line. My guess is that EUR/USD keeps making new...
First a short pullback because of NFP and after that I expect it to continue the long-term uptrend and reach 1.20500
EUR/USD is trading within an uptrending channel. My expectation is that EUR/USD will bounce to 1.18 on the trendline before the continuation of the uptrend to 1.20. After the test of 1.20, I expect it to drop toward the bottom of the channel again.
- Bearish divergence on 1H Chart - Trading top of channel and rejected multiple times
DXY is rejected at the top of the down-going channel. Prepare for a SHORT-movement to the level op 91.60 (bottom of down-going channel). NO TRADING ADVICE GIVEN, ONLY FOR EDUCATIONAL PURPOSES
Goodmorning everyone, I expect a pullback to around 1.18150 before EUR/USD continues its uptrend. EUR/USD has grown a lot in a very short period of time and now a pullback is required to make another attack on the 1.20 mark. Confirmed by: - Fibonacci Retracement - Uptrending Channel - RSI below overbought - Trading above 50, 100 and 200 SMA Have a good day!
EURO GOING LONG IN THE UPCOMING WEEKS DOLLAR IS GOING TO BE WEAKER BECAUSE OF THE NEW POLICY I THINK (AVERAGE INFLATION TARGETING)
Hello everyone, I am SHORT on USD because of the following reasons: - Price is going in a downward channel - Price respected the channel, even with the high volatility today - Price is creating lower highs - Price is moving below 200 and 100 Moving Average which indicates a bearish market. - FED introduced Average Inflation Targeting, this means that there can...
Based on FIB-Retracement and the current Trend Line, I see more room for EUR/USD to rise. A retracement to 1.17500 is possible and also 1.17 is still in play but this is needed for EUR/USD to go long again. Also, tomorrow is the Jackson Hole Economic Symposium with the following key points: - When the FED chooses to raise the inflation above 2%, this will...