EUR/USD Signals by Hot Forex Signal

Discussion in 'Forex Signals' started by HFStrader, Aug 4, 2017.

  1. HFStrader

    HFStrader Trader

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    EUR/USD
    Status:Close
    ENTRY POINT: Sell at 1.1833 TAKE PROFIT: 1.1802 STOP LOSS: 1.1874

    DATE:02-Aug-2017
     

    Attached Files:

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  2. TraderSmith

    TraderSmith Trader

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    The EURUSD has made another break to the upside as we head into the 4 PM London fixing. The break has pushed the price back above the 1.1876 level (June 2010 swing low). The high extended to 1.1893.
     
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  3. TraderSmith

    TraderSmith Trader

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    EURUSD moves back above the 200 hour MA taking some of the bearish sting away .
    The move means little in front of the weekend. However it does take some of the sting out of the fall today technically.
     
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  4. HFStrader

    HFStrader Trader

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    EUR/USD
    Status:Close ENTRY POINT: Buy at 1.1884 TAKE PROFIT: 1.1915 STOP LOSS: 1.1843
     
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  5. HFStrader

    HFStrader Trader

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    EUR/USD Signal (Date:08-Aug-2017)

    Status:Close

    ENTRY POINT: Buy at 1.1806 TAKE PROFIT: 1.1837 STOP LOSS: 1.1765
     
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  6. TraderSmith

    TraderSmith Trader

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    EUR/USD needs to go lower before it goes higher
    Bank of America Merrill Lynch FX Technical Strategy Research notes that EUR/USD rally keeps showing signs of exhaustion around current levels.
    "The seven month rally has surpassed a long term Fibonacci level (38.2% 1.1743) and is the most overbought in a very long time.
    Tactically we think EURUSD should at least consolidate at this 200wk SMA, if not correct to test some support levels.
    The long discussed 1.15 level may be what EURUSD needs to test before it can resume it strong uptrend into the 1.20's, such as 1.2172," BofAML argues.
     

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