EURUSD

Are you tracking the EURUSD this week? Consider this technical perspective.

On the daily time frame, price action has been in a southward mode since April 20, 2018. Last week Thursday and Friday, bulls pushed price action northward in retracement. We are likely to see bulls take price action further northward before a southward turnaround. A likely target of such a northward retracement is the 1.20540 area.

I may be wrong. Trade safe and prosper.

KP

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yes you are very strong true dear what MA you are using? please share with me

Lets see if 200EMA holds.

not sure if i should hold that long

i got that breakout but not sure if i should hold it now, i feel sleepy too, damn that girl

setting sl at be+1 and hoping for the best, crap i need that sleep

On a fundamental note, the ECB could desire a lower currency rate. But I don't know for sure. They're infamous for interacting in the market anonymously.

The dollar is still under pressure, the pair is testing potential resistance at 1.20. It could be a short-term buying opportunity.

dbl wick out on 4hr...maybe headed back down to 1.1930 1st target - 1.1890 extreme... anything above 1.19736 will test 1.20 figure and then cap out around 1.2015 max extension.

just a update ,take care , fontu
https://www.forexfactory.com/showthr...1#post11055944

EUR/USD may have room to rise near 1.2041 where is a confluence of a daily resistance and the 200-day moving average. For me that is the sweet spot to short again, low risk high return with the target near the year to date low @ 1.1829.

The USD index was somewhat subdued below 92.50 in a continuation of last week’s inflation-provoked pullback and amid the backdrop of Trump policy uncertainty. This benefitted its major counterparts EUR/USD and GBP/USD in which the former was also facilitated by news that Italy’s 5-Star Movement and League reached an agreement that is likely to pave the way for the formation of a government.

Option expiries of note for today's 15:00 BST:
None of significance nearby price action.

EUR/USD has room to test the 200-day moving average @ 1.2049 that is also near a daily resistance. Therefore, I am looking to short @ 1.2049 with a target near 2018 low @ 1.1829.

A big fat sell order at 1.2050 looks good to me currently.

i closed everything +18 before sle eping for 5 hours straight no news today so i am safe

i see last week high is being respected, so will be careful with longs now

my strategy is pretty simple

1:1965 sell SL 1:1980

I would be buying now for a retest of 1.20

continuation from:

on daily targeting 1.17 or maybe lower
bye bye euro bulls..

1.19642 / 1.20052