EUR/USD

I still say it's going to go back up. There's too much negative political tension to keep the USD strong. I'm still long on the USD, I just added an additional Long trade into this pullback. My target is still 1.1820

Should be short term neutral/bearish after such long bull run. Shorted at 1.17306.

The pair is consolidating after found support at 1.1650 level, focus turn to US second quarter GDP today.

The single currency recorded a decline against the US dollar on Thursday. The currency pair opened at 1.1733 and finished 58 pips lower. The price managed to break the first support at 1.1700 and if the direction of the traffic went down, there would likely be a breakthrough in the next support at 1.1520.

Multi-year high for the Euro. I guess this turned out to be the year of the Euro after all.

arigoldman posted:
Multi-year high for the Euro. I guess this turned out to be the year of the Euro after all.

Indeed. Let's see whether it will break out above the last high at 1.1775 and continue rallying.

EUR/USD closed above 1.17 for first week since January 2015.The outlook remains bullish and the target for next week will be the region 1.1810/20.

as this week prediction was right, next week seems to have bullish tendency,
and this is just price prediction, not including fundamental sentiment...
but be aware of reversal...
there are possibility of it.

1.1660 will not be an important SUPPORT or RESISTANCE they told me... haha. That is an awful lot of basing for the recent action off/arround 1.1660 right?

I like the downside SHORT case, but it looks right now like it is basing on 1.1660 to go up above 1.16840 and higher. Right? Or maybe I'm just too used to BULL-magaddeon we have been seeing...
  

Very good US GDP data expected in less than 1 hour Gross Domestic Product Annualized 1.4% Previous 2.6% Consensus.

If the consensus is confirmed, it's possible 1.15xxx as weekly close...

target at -
1,2100

signal at d5 TF ...

Long 1.1735

On the last Friday’s session the EURUSD rose with a narrow range and closed near the high of the day, however the currency pair closed within Thursday’s range, which suggests being slightly on the bullish side of neutral.

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

The key levels to watch are: a daily resistance at 1.1829, other daily resistance at 1.1753, the 10-day moving average at 1.1649 (support), a daily support at 1.1460 and other daily support at 1.1556.

If you are tracking EURUSD for trading opportunity this week, you may like to consider my top-down technical outlook on the pair.

The pair has been operating in a multi-year consolidation pattern or range (bound by two magenta coloured horizontal lines) for a long while. On the weekly time frame, five price waves have formed within the range, beginning from March 15, 2015. The most recent price wave pierced the distal part of the range and last week moved about 80 pips above it. However, sellers intervened and price action yielded some ground ending with less than 60 pips above the distal part, around the 1.17485 area. Furthermore, price action is respecting a support trendline (chocolate colour) from the low of May 2017. Should buyers regain control, a likely target is the immediate resistance around the 1.18700 area. Otherwise, we may see sellers push price action southward, perhaps to target the immediate support around the 1.16680 area or by extension a retest of the support trendline (chocolate colour).

On the H4 time frame, price action has moved above the support trendline seen on the weekly time frame and is operating in an ascending channel (bound by two navy coloured lines). Last week, price action within the channel was largely ambivalent or sideways around the distal end of the channel. Apparently momentum for a bullish drive is weakening and we may see a southward turnaround this week, perhaps to target the 1.16170 area which is the origin of the most recent rally northward, or by extension the proximal channel line.

I may be wrong. Trade safe and prosper.

Not only did EUR/USD rally again today, but it finally broke out both above the previous high at 1.1775 and above 1.1800. The trend is very bullish and there are no major resistance levels on the way up.

EUR/USD continued the rally and marked fresh new high today at 1.1830. Short term correction is expected as indicators are showing overbought signals.

final target on my system is 1,21 ... 1,2 ...

then we go slow back to ~1,1

long term targets ...

By this rising rate, tomorrow it will be 1.19, and the day after tomorrow it will be 1.20, and by Friday next week, it will already reach 1.22. Let's go euro! Close many of the gaps you left in the 2014 decline!