its slow the whole market exept some peaks after some news. but not like other weeks maybe the geopolitics of us with the report that comes out this week of de president of america if positive a explosion up en if not a tumble down
The Three Drives Pattern is forming on EURUSD for now, and I will expect for a bullish movement to the resistance 1.1530. Btw, there are also 1.1400 and 1.1480 levels of resistance. The nearest support is 1.1140.
The EURUSD bounce to the upside, from the 1.1200 level, but it is a normal price behavior after the strong drop. The pullback may end and the pair may try to break below the 1.1200 level to continue lower. On the other hand, if the price keeps pulling back, the 1.1300 zone may act as resistance.
Problem with traders is not the analyses it's the management. Buying dips is easier said than done. How far the dip and swing on your trade is the problem. There's a way to analyze this. I would like to see more micromanaged technical analyses and no objective buy and Sell theories that when the market goes in that favor all of a sudden all the prospects post come out saying see I was right. Yes I guess you were.
The Australian Dollar has outperformed for a second day, presently near high.AUD-USD posted a 57-day at 0.7047, extending gains seen from yesterday’s at 0.6956, seen in the immediate wake of the RBA’s rate cut. Markets had mostly priced-in the move, with Aussie money markets having factored in 85% odds for it. Given this, along with some cautiously upbeat remarks on the outlook in RBA Governor Lowe’s statement, and the thawing in US-China tensions, the scene was set for a rally in the Australian Dollar. AUDUSD has support at 0.7017-20.Next target will be 0.7072 if breakup over 0.7047 line.
The EUR/USD current position is 1.1130. I'd consider the support 1.1110 as a short signal point in case of its breaching. Target for bears is 1.0900. The resistance 1.1150(MA25) will be the first significant level for bulls. The next one is 1.1190(MA55).
EUR/USD overview. The pair started correction after MA150(1D) testing in 0.5Fib area(1.1150). The bullish strong trend direction is forming. RSI (1D) shows 56 as a sign of market uncertainty. The news background for USD today is Oil news.
EUR/USD analysis: 1D: The pair touched MA150 level and fell to the current 1.1115 as a correction after impulse from 1.0880. The support level is 0.382Fib at 1.1085. The resistance level at 0.5Fib (1.1150) can be tested again as the current bullish trend continuation attempt.
EUR/USD signal points: H4: MA25 and MA55 crossed both MA150 and MA250 as a signal to buy, but the price will probably test the MA55(1.1080) level firstly, because of MA25 level breaching. 1D: MA150 level will be a signal point for bulls in case of it's breaching. There's also a probability of 0.382 (1.1080) level testing as a correction completion. And this level will be a signal point for bears.
The EURUSD completes five consecutive days falling and breaks below the 1.1000 level. The pair may continue falling, but a pullback to the 1.1000 level is possible. To the downside, its next support could be the 1.0900 level. Above the 1.1000 level, the 55 day EMA may act again as resistance as it did on the last pullback.
The EURUSD has been very volatile, leaving behind long shadows on the daily candle in both directions and keeping a small real body around the 1.1000 zone. From the current levels, the EURUSD may head in any direction, with the 1.1100 acting as resistance and the 1.0900 as support.
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