Lamichhane

Lamichhane

The EURUSD has bounce back from 1.036 and now can see resistant at 1.047 but another bottom below 1.036 to 1.033 looks possible.

Lamichhane

EU have clear breakout in daily chart. Now 2hr chart shows wait to Buy at 1.0435, There is strong support on 1.0375 to 1.03350.

Lamichhane

We can see the DXY touch the support. Now what will happens?

Lamichhane

Here is the trend reversal and resistant level so I think DXY reverse to the 102.4

Lamichhane

Shorts Guys ! Our waiting is almost over. Now we will see daily RSI moved below 60 and again up staying below 70 while price will stay below $93 and then straight way to $75. And this will happen within this week.

Lamichhane

We can see another leg up to 85.80 to 88. But will get correction very soon towards 75.

Lamichhane

EU has just breakout the channel from May 2021 but there is not enough reason to continue. There is rate hike in march for almost sure and chances of 3 more rate hike. As EU economy is still trembling and dovish for hiking rate. There is huge chances that EU can touch its trendline in daily chart to 1.10 of January 2017 . So expecting another drop till Fed first...

Lamichhane

US inflation, retail sales and Bond rate both had impact on DXY while dovish news from EU on interest rate. but the good news are coming from EU, UK and AUS with the correction in EURUSD. So go long..... its just my Idea.. take your own decision when investing. Did you like or not...tell me in comment..

Lamichhane

FX:EURUSD NFP as expected and market was already priced for and couldn't see any surprise. Now MACD and RSI both are up. There is double bottom. No news for now. So I expect "UP" until next NFP and Rate decision. FX:EURUSD "The analysis is totally my own view and I am not chart expert. So please take it as study purpose" Please comment your views even if you...

Lamichhane Updated 

MACD and RSI both graph are higher then previous high so going Long for now but wait till us data.