EURUSD

Market Analysis: price has strong up trend, it is better to go for long trade, however, if price cross lower band levels then it might start down trend or current trend will cancel.

Trading charts: M15, M30, H1, H4
Our recommendation: Strong up trend

lower band level 1: 1.1722
lower band level 2: 1.1694

Time: July 9, 1:45 PM (UTC+6)
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Commerzbank: Euro/Dollar exchange rate may rise to $ 1.1850

"The pair broke above the short-term key resistance of $1.1723-25, which creates conditions for the test of June highs of about $1.1853-55," the Bank's currency strategists write. - "It is likely that investors will buy the Euro in the downturns, which will allow it to stay above $1.1710-$1.1675 within the downward corrections. Then it is likely to implement a new wave of growth towards $1.1927 (55-week MA) and $1.1986 (200-day MA). In the case of a bearish scenario and the pair falls below $1.1700, the technical targets will be $1.1500 and $1.1388 (200-week MA)."

Harmonic Pattern: In EURUSD pair, we found butterfly bearish pattern & it is possible that, price might go towards 250+ pips down from its current position.
Possible down trend towards: 1.1510 (250+ pips down)

Time: July 9, 2018

clear short for today.
be careful going long into 1800/1825 (spot)

usd very weak gold smashing up at the moment
so looking good for bullish and still some room for jice gains but be aware if usd gets strong.

The USD index remained subdued and below the 94.00 level in the wake of the mixed US jobs data. This saw the greenback’s major counterparts extend their gains with EUR/USD near its highest level in over 3 weeks.

Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1600 (1.2 BLN), 1.1700 (0.7 BLN) and 1.750 (0.8 BLN).

Holding two long positions one @ 1.1684 and the other @ 1.1555 both with the same targets, first target @ 1.1852 and second target @ 1.2000.

eurusd sell att 1.1770 tp: 1.1725 sl:1.1815

Eur/Usd upside momentum remains strong, currently trading around 1.177/78 region, next important resistance is at 1.180 level.

Updated H1

The observed wedge is bearish, currently in it's final stage...however sometimes they tend to overshoot to target and then spill...

The US Dollar index slide is becoming substantial.

Resistance is possible as dollar pairs hit the ceiling at .0080's .0090s....

Price action has slowed down, reversal alarms are going off. Can it be a correction swing down?

There's potential symmetric correction to play out in the suggested patterns here today?

Price is crossing and reacting and pausing at important fib levels from the highest time frame.

You've got to know when to hold them, no when to run.

30 minute velocity is dying. Reversal momentum back up...
17:12 Bull Gartley @ hourly scale
17:42 minute scale gartley.. it's go time..?
18:07 78% and ABCDE done.

Grab onto something....

Now=17.41 Low=36 I ll TP and exit at 17.45 ON STOP

Reversal signals are out there but beware of potential UJ springboard.

A time to start watching with interest, possibly some large moves coming in the next days / weeks.

Possible H&S pattern forming on H1.
If it plays out, target area is back in the base of 1.1680.
This seems to be the end of waive 3.

CHART HERE

Today, looking at the 4-H chart, the pair has already breached the rising wedge pattern. In the coming hours, the pair will aim for 1.17343 handle. If the bears remain strong enough, it can even reach 1.17156 level.
supporting the short position,
In MACD indicator, MACD line has crossed below the signal line, showing selling sentiments of traders for the pair. Meanwhile, the same is depicted by the CCI indicator which seems to be moving towards the breakeven point, preparing to enter the selling area.
On the upside, resistances are at 1.17502, 1.17666 and 1.17785 levels

following up with Gartley bearish pattern & short term analysis, price is still down, however until it cross upper band level

upper band level: 1.1764
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The USD index edged mild gains and held above the 94.00 level, which ensured its major counterparts were contained in which EUR/USD oscillated around the 1.1750 level.

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

Holding two long positions one @ 1.1684 and the other @ 1.1555 both with the same targets, first target @ 1.1852 and second target @ 1.2000. However, moved stop loss on both position to breakeven (no loss).

EURUSD TP HIT +45PIP (SIGNAL Yesterday 2018/07/09)

Looks like we will see 1.164 some day this week.

Make or break situation now in E.



Long at 17.30 and at 17.36 ON STOP SL 17.19

Not too much of a risk...

Have a good day all