EUR/USD Technical Analysis from a Newbie (need to be confirmed)

Very Strong Bullish (Hi=1.1587/Low=1.152)
Breakout @1.1606


Yesterday EURUSD rallied with a wide range and close near the high of the day, in addition managed to close above the previous day high, suggesting a strong bullish momentum.

The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.

The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1340 (support).

This is a bullish market now
excited to hit breakout 1.1606

Traded since yesterday @ 1.1489
New setup
Limit: Open
Stop: 1.1567 (78pips win already)

Out @1.1596 due to pair is in overbought stochastic

Euro/Dollar continued its bullish momentum yesterday, topped at 1.1535. The bias is bullish in nearest term for testing 1.1600.

Key levels to watch for:
Support: 1.1450; 1.1286; 1.1100;
Resistance: 1.1600; 1.1630.


EUR/USD bounced off 1.1615 and is back to testing 1.1500, which is now a support level. A breakout below that level could lead to a further drop to 1.1460 - 1.1450.

That is a great win Ying17 a few like that a week and you will be in seven heaven. :slight_smile:

I’ve never felt anything like this before. Wow, seven heaven

May 4, 2016 EUR/USD created a Shooting Star! Gunna Ahem Ahem gunna go short in the Euro Session.


I would wait until the European market starts and then make a decision.

That’s what she said ^

The EURUSD may be posed for a correction. The bounce from the 1.1600 level may take the pair to the 1.1400 level.

The single currency recorded a decline against the dollar on Tuesday. After a volatile session, the euro lost 37 pips to a closing price of 1.1495. If the direction continue downwards, we can expect an attempt to test first support at 1.1450. On the upside, pair will target to resistance at 1.1630.

Indeed, the range held, and Euro futures selling volume was as high as the buying volume that caused last Friday’s rally… So, we are back below 1.15: I hope nobody got burnt trying to go long past 1.16…


I have seen this pair near to the pivot point today but no volatility going up wards, therefore shorting this out for confirmation

R3 =1.1544
R2 =1.1527
R1 =1.1512 (stop loss option A)
Pivot Point =1.1495 <== stop loss for short (or entry option A)
S1 =1.148 <==entry
S2 =1.1463 <== limit Target
S3 =1.1448 <== second targer (if market goes strong bearish)

Current Price @1.1480
Short @ 1.1484
EUR/USD
SL=1.1495

Limit @ Option A = 1.1463
Limit @ Option B = 1.1448

If the Option B won’t reach the limit

I have opened a second trade short @1.1492
SL=1.1512
Limit = 1.1463 <==same limit in my first Trade

Aww it went to my tight SL so i adjusted it to 1.1512

Yesterday EURUSD initially rose but found enough selling pressure to turn around and close in the red near the low of the day, however closed within the previous day range, that suggests being slightly on the bearish side of neutral.

The pair is trading above the 10, 50 and the 200-day moving averages that should act as a dynamic support.

The key levels to watch are: A daily resistance at 1.1753, other daily resistance at 1.1556, daily support at 1.1459, the previous swing high at 1.1398 (support) and the 10-day moving average at 1.1361 (support).