Hi:
I want to discuss the trend of the EUR/JPY and EUR/USD and find the best entry point。
according to the 4h chart of the EUR/JPY，the price of the EUR fall sharply in the two weeks ago，and there is no strength to rebound，so I think if there is no strength to rebound tomorrow，we can short the EUR/JPY.
the overall trend of EUR/USD is upward and the EUR/USD shock a long time at the high point，the price fall fast after break out the pressure line。but I feel the EUR/USD will eventually rise。
Is my analysis correct？
thank you！
The best way for you to find out if your analysis is correct is you to enter those trades and see what will happen.
Us the trend and the edges of those channels to figure out where you should be taking trades.
In my opinion EUR/USD will continue falling towards parity once the current range ends.
Talking on the basis of pure technicals, from your EUR JPY graph the wedges depict a bearish picture and the breakdown of the channel also gives sign that it will fall lower hitting the target of the price that should be (Current price - difference between the high price and low price). And from EUR USD chart it is somewhat bullish, but I the rays show that there is large possibility that they might trade in a range bound ahead.
Hope that was helpful. Thank You!
i am really interested in EURUSD and trades on it too. the pair is mainly trading range bound. but in my view 1.100 is extreme level for it and a break above this level would be probably the bullish breakout.
according to trend of the EUR/JPY，the up and down of the price are all very strong,and the EUR/JPY graph the wedges,so I am not sure the will go up or fall down，I will wait the price break the wedge and follow the trend。
thank you！
In my opinion, you should always look at the bigger picture. Eurusd has been on a range since March 2015. Yes there are good opportunities to trade on that range, but my advice is to wait for price to decide where to go and resume the downtrend or establish a new trend. Right now there are so better pairs that you can focus on and that are making nice trends like: usdcad, gbpusd, gbpjpy
