Agree. I am waiting the pair to go above 1.1620 to open a long position.
The Euro is holding up today, probably we’ll see more to the upside this week.
The EURUSD stays consolidated around the 1.1600 with some volatility, but no clear direction. The 1.1700 level may still act as a resistance, while the 1.1500 level may act as support.
I’ve closed the position with a small profit, as the growth seems limited.
Let’s see what NFP brings us today. Forecasts are very mixed, surprises are not excluded.
The Dollar is showing signs of weakness as the Euro is going higher today. I think we can reach 1.1720 next week.
I am in a long position from 632.9, however down 30 pips this month at the moment. Only the news can really shift this thing now, well i hope so anyway.
The euro fell against the US dollar on Friday. By the close of US trading, EUR / USD was trading at 1.1553, losing 0.59%. I believe that support is now at 1.1528, Tuesday’s low, and resistance is likely at 1.1660, Thursday’s high.
Upbeat NFP pushed EUR/USD down. If the pair pierce 1.1535, we should expect August lows - 1.1400, followed by 1.1300.
It has been consolidating since June, hopefully Sept will be the kicker!
Current levels (1.1607) are perfect for opening a short position. Half of the position is opened now. Other 50% - at a level of 1.1620. Wish me luck!
The EURUSD stays below the 1.1600 level, which is acting now as resistance. There is no clear direction on the pair, even though the bearish trend is still in place.
Good example … overbought and price resistance level…
Despite the strong NFP last Friday, this week the dollar was unstoppable on its way down. If EUR/USD manages to bake 1,1700, the next target is 1.1750 (daily and weekly charts).
Hi! My first article published on investing platform, see link in the comment/update section: Expanding Triangle
EUR/USD broke resistance, next bull target I think will be 1.1790, a double top.
An improved version of my Expanding Triangle chart, see it here: EUR/USD Labyrinth
Yes will follow . Thank you so much for bringing this kind of reviews.
The EUR/USD bulls are anxious to break the resistance. I think we can see 1.18 this week.
Euro / dollar attempted to rise yesterday, reaching peak at 1.1724, but then dropped and closed lower at 1.1666. Trade signals are neutral for now, probably with slight downside signals for testing 1.1620. A clear breakthrough and daily closure below this level would have to take the price of a retest of key support 1.1530. On the upside, the 1.1733 - 1.1785 area remains an important resistance and a good place for short positions with narrow stops above 1.1785. A clear breakthrough over this zone will activate my upward model with the nearest bull target in the 1.1850 - 1.1900 range.
The beginner's guide to FX trading