Mohamed_Alhaj

Mohamed_Alhaj

All the signs are bullish: the USD is weak everywhere, the Euro is one of the relatively strong major currencies, there are no key resistance levels until 1.1250 so the price has room to rise, and the new 50-day high close made yesterday typically signifies that the trend is more likely to continue than reverse.

Mohamed_Alhaj

The technical picture is very bullish, as we have a strong advance and another new higher support level being printed, at 0.6774. The price is now trading well above 0.6800 and there are no obvious resistance levels above it, although of course round numbers such as 0.6850 or 0.6900 may act as resistance.

Mohamed_Alhaj

The former resistance level identified at $10,130 which has been effective for a long time, has been invalidated, giving the price more room to rise. The action still looks bullish over the short-term, so higher prices over the course of today are a bit more likely than lower prices.

Mohamed_Alhaj

The price is testing major resistance at 1.1167 the technical indicators have reached overbought areas

Mohamed_Alhaj

We are seeing a strong rise in the price to above the major round number at 1.2500 and an invalidation of the former resistance at 1.2484 as the price breaks bullishly out of its ascending price channel. so a bullish bounce there following a bearish retracement could be the right entry for a long trade today, if it sets up, targeting the next key resistance level...

Mohamed_Alhaj

Hello, The price break the next resistance level which is at 1.2484. that would be a bullish sign We are seeing a strong rise in the price to above the major round number at 1.2500 and an invalidation of the former resistance at 1.2484 as the price breaks bullishly out of its ascending price channel.

Mohamed_Alhaj

USD/JPY BULL control is the strongest as long as the price UP the resistance 108.00 level

Mohamed_Alhaj

EURUSD in bearish trend. Check lower time frame analysis for next trade. Wait for strong push up to confirm long Good Luck