EURUSD,H4 Chart-Diskussion
AmContent
Jul 09, 2020 at 14:59
Thurday July 9, 2020
New high 1.1371
Market orientation: Bullish
Key support: 1.1167
The EURUSD stabilized itself above the broken channel since July 6.
Bulls have made a hole in the resistance 1.1350. The market pullback could be considered as a new correction before a new push.
Bullish scenario
The new high is at 1.1370
The secondary target depends on the breach in the new high.
Bearish scenario
If USD gains enough value to breach the 2x trend line, the market pullback may proceed in the lower levels around 1.1250 continued by 1.1200.
New high 1.1371
Market orientation: Bullish
Key support: 1.1167
The EURUSD stabilized itself above the broken channel since July 6.
Bulls have made a hole in the resistance 1.1350. The market pullback could be considered as a new correction before a new push.
Bullish scenario
The new high is at 1.1370
The secondary target depends on the breach in the new high.
Bearish scenario
If USD gains enough value to breach the 2x trend line, the market pullback may proceed in the lower levels around 1.1250 continued by 1.1200.
AmContent
Jul 07, 2020 at 09:55
Tuesday, July 6, 2020
Trend orientation: Bullish
Daily Key resistance: 1.1350
Daily key support: 1.1167
Trading range: 1.1167 - 1.1142
EURUSD had a pullback from 1.1350 resistance and tested the 1.1300 minor support. The mentioned level has been infiltrated, and the market is fluctuating above the downtrend channel from June 10.
Stronger Scenario:
Buyers are expecting the market to surge, and kill the 1.1350 resistance as its next errand.
Weaker Scenario:
As far as 1.1350 holds, sideways movement between 1.1167 and 1.1350 will be expected. These two are the key levels in the market to run in one direction.
Suggestion for short positions
Mid risk SL 1.1360
Mid risk TP: 1.1230
Suggestion for long positions
Mid risk SL 1.1240 - 1.1260
Mid risk TP 1.1410
Trend orientation: Bullish
Daily Key resistance: 1.1350
Daily key support: 1.1167
Trading range: 1.1167 - 1.1142
EURUSD had a pullback from 1.1350 resistance and tested the 1.1300 minor support. The mentioned level has been infiltrated, and the market is fluctuating above the downtrend channel from June 10.
Stronger Scenario:
Buyers are expecting the market to surge, and kill the 1.1350 resistance as its next errand.
Weaker Scenario:
As far as 1.1350 holds, sideways movement between 1.1167 and 1.1350 will be expected. These two are the key levels in the market to run in one direction.
Suggestion for short positions
Mid risk SL 1.1360
Mid risk TP: 1.1230
Suggestion for long positions
Mid risk SL 1.1240 - 1.1260
Mid risk TP 1.1410
AmContent
Jul 07, 2020 at 06:52
Tuesday July 6, 2020
Trend orientation: Bullish
Daily Key resistance: 1.1350
Daily key support: 1.1167
Trading range: 1.1167 - 1.1142
EURUSD had a pullback from 1.1350 resistance to test 1.1300 minor support. We expect the market to surge again, and kill the 1.1350 resistance as its next errand.
Trend orientation: Bullish
Daily Key resistance: 1.1350
Daily key support: 1.1167
Trading range: 1.1167 - 1.1142
EURUSD had a pullback from 1.1350 resistance to test 1.1300 minor support. We expect the market to surge again, and kill the 1.1350 resistance as its next errand.
AmContent
Jul 06, 2020 at 07:18
Bullish trend
Minor resistance @1.1302
EURUSD probably targets the June 23 high around 1.1350 if 1.1302 breaks.
Minor resistance @1.1302
EURUSD probably targets the June 23 high around 1.1350 if 1.1302 breaks.
AmContent
Jul 02, 2020 at 09:33
Thursday, July 2, 2020
EUR USD Technical Analysis
Expected trading range for today is between 1.1160 support and 1.1350 resistance.
The EURUSD continues to play inside the sideway range channel. However, it seems the market correction and stabilization is gradually marching to its end. The Double top pattern could not weaken the buyer’s enthusiasm yet.
Resistance 1.300
A breach in the mentioned resistance is considered as the key to resume the main bullish trend that targets the 1.1420 area initially while breaking the support at 1.1170 represents a negative factor that will press on the price to achieve additional bearish correction that its next targets located at 1:100 followed by 1.022.
EUR USD Technical Analysis
Expected trading range for today is between 1.1160 support and 1.1350 resistance.
The EURUSD continues to play inside the sideway range channel. However, it seems the market correction and stabilization is gradually marching to its end. The Double top pattern could not weaken the buyer’s enthusiasm yet.
Resistance 1.300
A breach in the mentioned resistance is considered as the key to resume the main bullish trend that targets the 1.1420 area initially while breaking the support at 1.1170 represents a negative factor that will press on the price to achieve additional bearish correction that its next targets located at 1:100 followed by 1.022.
AmContent
Jun 22, 2020 at 11:25
If we consider 1.1422 as a new top on EUR/USD, the key support is March high at 1.1144.
If Trend line Alpha plays his rule in pushing the price down, we can come up with the conclusion that the upward momentum started from is over, and we would see new lows near level 0.382 Fibonacci retracement (please check the daily chart).
If Trend line Alpha plays his rule in pushing the price down, we can come up with the conclusion that the upward momentum started from is over, and we would see new lows near level 0.382 Fibonacci retracement (please check the daily chart).
AmContent
Feb 26, 2020 at 07:27
24-hour view: “We expected EUR to consolidate ‘within a higher trading range of 1.0820/1.0880’. EUR subsequently traded between 1.0828 and 1.0890. Upward momentum has picked up and from here, EUR could edge above the strong resistance at 1.0900. For today, the next resistance at 1.0925 is unlikely to come into the picture. Support is at 1.0850 followed by 1.0830.”
Next 1-3 weeks: “We indicated on Monday (24 Feb, spot at 1.0835) that the weak phase in EUR that started in early February has ended. Our view was that EUR has moved into a consolidation phase and is expected to trade within a relatively broad 1.0770/1.0900 range. EUR rose to 1.0890 yesterday (25 Feb) and upward momentum is beginning to improve. For now, we continue to hold the same view but if EUR were to register a NY closing above 1.0925, it would indicate the start of a stronger rebound towards 1.0980. The prospect for such a scenario is not high for now but it would continue to increase if EUR can hold above 1.0805 within these few days.
Next 1-3 weeks: “We indicated on Monday (24 Feb, spot at 1.0835) that the weak phase in EUR that started in early February has ended. Our view was that EUR has moved into a consolidation phase and is expected to trade within a relatively broad 1.0770/1.0900 range. EUR rose to 1.0890 yesterday (25 Feb) and upward momentum is beginning to improve. For now, we continue to hold the same view but if EUR were to register a NY closing above 1.0925, it would indicate the start of a stronger rebound towards 1.0980. The prospect for such a scenario is not high for now but it would continue to increase if EUR can hold above 1.0805 within these few days.
AmContent
Jan 27, 2020 at 13:15
That said, the next relevant support emerges at the psychological mark at 1.10 the figure ahead of November 2019 lows around 1.0980.
The offered bias in the spot should remain unchanged below the 55-day SMA, today at 1.1089.
The offered bias in the spot should remain unchanged below the 55-day SMA, today at 1.1089.
AmContent
Jan 20, 2020 at 09:52
In light of the recent price action, EUR/USD could extend the leg lower to the 1.1066 level, noted Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank.
AmContent
Jan 16, 2020 at 13:32
EUR/USD keeps pushing higher on Wednesday, boosted by the recent surpass of the 1.1140 region, where sits the 200-day SMA.
