The EURUSD

Discussion in 'Technical Analysis' started by petertohen, Jan 22, 2018.

  1. petertohen

    petertohen Newbie

    1
    0
    1
    The EURUSD pair ended last week below 1.1356 level, to confirm the turn of the intraday and short term trading to the downside, and as we mentioned in our last technical update, the price will head towards 1.1196 areas as a next main station.

    Stochastic positivity might push the price to retest 1.1356 level that turns into resistance now after breaking it previously before resuming the bearish trend that gets support by the EMA50, noting that breaching 1.1356 followed by 1.1420 levels will stop the current negative pressure and pushes the price to achieve gains again.

    Expected trading range for today is between 1.1196 support and 1.1400 resistance.
    [URL deleted]
     
    Last edited by a moderator: Jan 22, 2018
  2. ccmm

    ccmm Trader

    5
    0
    7
    According to my [URL deleted] signals provider for forex your forecast has the euro recovering to 1.2475 / 80. If it stays with the trend, the price could rise as far as 1.2503, so do not be in too much of a hurry to short the euro if that's what you're planning to do. Eleven a certain level is reached, you need to look at trader sentiment towards US bonds and euro crosses.
     
    Last edited by a moderator: Jan 29, 2018

Share This Page