Stocks

[stocks markets][bsummary]

Forex

[dx][bigposts]

Gold

[gold][bsummary]

Crude Oil

[crude oil][bigposts]

Euro dollars Signs of a change in the air, or an eyesore

EUR USD  TECHNICAL ANALYSIS


short term  optimistic :in the other hands The confirmation of the closing price reversal bottom is potentially bullish. Typically, this chart pattern leads to see some rally trend. Its first upside target to check 1.1350-1.1430+_ , closing up above this price will mark new high targets


in the long term picture, outlook remains bearish for  EUR/USD as long as he trade below long trend line in 1.27

show the pattern who appear last post 


EUR USD price ANALYSIS
EUR USD   ANALYSIS

 EUR USD TECHNICAL ANALYSIS


Double top chart pattern or  Or kind of Bullish Gartley Pattern ?
are we have a double top formed on the EUR USD . Notice that we have a well-defined neckline support level as well as a subtle “M” shape that has been carved out as a result.
in this scenario, we would have waited for the market to break or crack  the neckline in 1.180+_
you should Notice how the EUR USD currency pair reacting after retesting the neckline.
A measured move objective can be used to find a potential profit target. To find this you simply take the distance from the double top up resistance level to the bottom and extend that same distance beyond the neckline to a future, lower point in the market- in this case its equal to 300+_ pips = 1.0560-70+_
On the other hand, a breach of the 1.1350-1.1430 area has been established from above
Give the EUR USD  fuel for further increases to the 1.1960 area and perhaps even more to the 1.27 region while break down 1.1060-80 price area again will lead for more downtrends 

* My assumption is that we see fictitious increases that will not hold unless you see that the euro continues to move on to the next hurdle - until then, this is a negative trend correction, and nothing more.

EUR USD PRICE CHART
EUR USD FORECAST




This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice

No comments:

Post a Comment