EUR/USD

stian posted:
Next stop, 2016 high?

That's the obvious trade, but not so hot when its obvious ,I've a tiny short at 58

EUR/USD rallied yesterday to 1.1582, highest level since May 2016, but retreated modestly before closing. The outlook remains bullish with next target seen at 1.1615.

Dears;

First pls check my attached charts
then
i believe that

1) Daily chart since the 28 of June has entered inside ( minor range ) for the strong up trend between points 1.1337 & 1.1465
2) On Monday 17 July the daily candle closed over the upper point point 1.1465 & Yesterday Candle have a good breach and hold
3) Today will be pull back

Two ways to enter the next by

First: To wait till pull back return to point 1.1465 then after price action candle reversal activate buy and target 1.16

Second: if the pull back counties wait till point 1.1337 and enter aggressive buy entry first TP @ 1.465 & 2nd TP 1.16

Wait and you will see !

Poor macroeconomic calendar today and low volumes. All eyes on Draghi tomorrow. Anyway the bullish tone remains in tact for the EUR/USD pair.

The EURUSD was corrected lower yesterday bottomed at 1.1510. The bias is neutral in nearest term probably with a little bearish bias testing a minor trend line support and 1.1500 – 1.1450 support area as you can see on my daily chart below, which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.1550. A clear break above that area could trigger further bullish pressure testing 1.1615 area or higher. On the downside, a clear break and daily close below 1.1450 could trigger further bearish correction testing 1.1350 region but as long as stay above 1.1285 I remain bullish and any downside pullback should be seen as a good opportunity to buy.

Might be a risk to a downward adjustment of inflation similar to the BoJ, eyes will be on Daghis press conference. Expectations are fairly split. But a majority expect a slight tweak to the QE program language.

stian posted:
Might be a risk to a downward adjustment of inflation similar to the BoJ, eyes will be on Daghis press conference. Expectations are fairly split. But a majority expect a slight tweak to the QE program language.

Profit taking before this news, should get some bullish flavour from ECB later

EUR/USD bounced off from 1.1480 today and finally broke out above 1.1600 due to the fundamentals. Next target will likely be around 1.1700.

EUR/USD almost reached 1.1700 today. The pair is unlikely to break out above that level today before the market closes, not to mention that there is a distinct shooting star candlestick on the four-hour time-frame that is a signal for a likely retracement to the downside.

The Euro strengthened a lot this week. I expect resistance at 1.1716.

EUR/USD is closing the week very remarkable, above the inportant 1.16 handle. The pair is supposed to keep its upward momentum with next big target at 1.18.

The rally continues on the EURUSD, a breakout above the 1.1709 level will mean the pair has broken above the 2 and a half year range, a breakout above the 1.1748 level will mean the pair has broken above its 55 Month EMA and it will have the road clear all the way to the 1.2000 level.

EUR/USD this week😀
Date 2017.07.16
O = 1.147
H = 1.168
L = 1.434
C = 1.166

Nearest Resistance/Support😝
Resistance N = 1.700
Resistance Rv = 1.200
Support N = 1.500

Possibility on bullish if break Resistance N(nearest),😂
Be warned when price ranging in 1.700 - 1.750, this
maybe a turning point or break it.😇

EUR/USD edged the week at highest levels since August 2015. The bias remains bullish with next big challenge at 1.80.

The euro rose against the US dollar on Friday. By the close of US trading, EUR/USD was trading at 1.1664, adding 0.28%. I believe that support is now at 1.1433, Monday's low, and resistance is likely at 1.1683, the high of Friday's trading.

Risk remains on the upside, immediate support at 1.1685, break above lead to 1.17 area. Very busy week ahead of us, Existing home sales on Monday, FOMC meeting on Wednesday, New home sales on Wednesday and Initial jobless claims on Thursday.

EUR/USD found some resistance at 1.1680 and bounced off from that level, forming a pair of shooting star candlesticks, a doji and a hanging man candlestick on the four-hour time-frame. The first target to the downside is likely 1.1600.

With the start of the new week the EUR/USD is keeping its bullish bias, currenlty trading at 1.1645. Probably slight correction ahead. But with the upcoming Fed strong declines are quite unlikely.

Looks like it needs a push higher before buyers lose patience and start taking profits.