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- maimar replied Dec 13, 2021
Long @1.3265 Short @1.3220 GBP/USD Technical view: Chances of a reversal Given the oversold situation of the pound in longer time frames, we may get close to peak bearishness with increasing chances of a reversal toward 1.35. As long as the cable ...
- maimar replied Dec 13, 2021
Long @1.1330 Short @1.1275 EUR/USD Technical view: Waiting for a bear flag confirmation In longer time frames the euro formatted a potential bear flag (green trend channel lines) within the recent downtrend. Should the pair now show a weekly close ...
- maimar replied Jun 14, 2021
Long @1.2125 Short @1.2085 The euro posted an almost linear decline until the 1.21-support last Friday. If we now see a break below 1.2080, the focus shifts to the lower support at 1.20. For the euro to resume its primary uptrend, it would need a ...
- maimar replied Jun 14, 2021
Long @1.4140 Short @1.4090 We see a mesh of support and resistance lines in the cable’s chart. Given the recent downward movement we see a next support zone between 1.4080 and 1.4060. Below 1.4070 we could see the pair drifting towards the crucial ...
- maimar replied May 31, 2021
Long @1.4215 Short @1.4170 The latest consolidation phase leaves prices confined to a sideways trading range between 1.4240 and 1.4090. Once that price range is broken, we expect a higher target to be at 1.43. On the downside and with a break below ...
- maimar replied May 31, 2021
Long @1.2210 Short @1.2170 Looking at longer time frames it seems as if bullish momentum is fading with the pair being on overbought territory. While 1.23 remains a next target to watch out for, sentiment could quickly change in favor of the bears ...
- maimar replied May 12, 2021
Long @1.4170 Short @1.4090 After the pair tested the upper trend channel border between 1.4150-1.4180, a correction wouldn’t come as a surprise. While we see chances in favor of the bears today it will be crucial for the pair to remain below 1.42 in ...
- maimar replied May 12, 2021
Long @1.2160 Short @1.2110 In shorter time frames we see a double-top-pattern which could predict upcoming bearish momentum in case of a sustained break below 1.2120 and further 1.21. A next lower target is seen at 1.2050. For the euro to rise ...
- maimar replied May 10, 2021
Long @1.4065 Short @1.3975 Technically, the short-term forecast is bullish – provided that the cable holds above 1.39. We see a next higher target around 1.4150 but for bullish momentum to continue we need to see the pound stabilizing above 1.40. If ...
- maimar replied May 6, 2021
Long 1.3915 Short 1.3865 The cable remained in a narrow trading range ahead of today’s risk event and we expect some larger movement around the BoE decision. Above 1.3915 we see a next resistance at 1.3950 which needs to be broken before shifting ...
- maimar replied May 3, 2021
Long @ 1.2080 Short @ 1.1980 The euro gave up some of its recent gains and dipped towards its crucial support at 1.20. We expect a lower support area to be at around 1.1950 from where more buyers could swoop in. A current resistance is seen at ...
- maimar replied Apr 26, 2021
Long @ 1.2130 Short @ 1.2030 We saw the pair breaking above 1.2110, the descending trend line, while a break above 1.2120 could lead to further gains towards 1.2170 and 1.22. Bears, on the other side, may watch out for a break below 1.2030 that ...
- maimar replied Apr 26, 2021
Long @1.3915 Short @1.3860 The technical picture has not fundamentally changed with the cable remaining in a 200-pip range between 1.40 and 1.38. The outlook remains however bullish – provided the pair holds above 1.3770. An upside break above 1.40 ...
- maimar replied Apr 12, 2021
Long @ 1.1910 Short @1.1870 Looking at the weekly chart we remember that the euro could be formatting a huge head-shoulders-pattern, giving that the resistance levels at 1.20 and 1.21 remain unbroken. In other words, if euro bulls are unable to ...
- maimar replied Apr 12, 2021
Long @1.3715 Trade approaches TP Short @ 1.3665 Looking at longer time frames we see the pair reaching oversold territory, increasing the chances for a rebound. We see two crucial support zones which could limit bearish momentum in the currency ...
- maimar replied Apr 6, 2021
Long @1.1825 Short @1.1770 Fading U.S. Dollar strength has helped the currency pair to stabilize around 1.18. While the Eurozone continues to face challenges, the euro is likely to remain under pressure. Nonetheless, we will turn our focus to the ...
- maimar replied Apr 6, 2021
Long @1.3920 Short @1.3860 Hit TP The British pound has generally strengthened against its counterparts in the first quarter as the market prices in a faster return to normality on the back of the U.K.’s successful vaccine rollout. With the U.K. ...
- maimar replied Mar 31, 2021
Long @1.1780 Short @1.1690 The euro is on its way down towards 1.17. While we may see even a test of 1.1690, traders should brace for potential pullbacks since the pair is in oversold territory. However, a break below 1.1680 may pushes the pair ...
- maimar replied Mar 31, 2021
Long @1.3765 Short @1.3710 Based on the recent downward trend channel we may see a continuation of the cable’s decline targeting at 1.36 and 1.3570. An upside break of 1.3850 could however pave the way for fresh gains towards 1.40. image
- maimar replied Mar 11, 2021
Looking at the technical picture, there is a chance for a potential bull breakout today, provided that the euro takes out the 1.1960-hurdle. Above that level a potential inverted head-shoulders-pattern could be in play, targeting at higher price ...