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EURUSD MAY SETTLE AT 1.1650

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
EURUSD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is falling.
  • The Stochastics is turning down.
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EURUSD MAY RISE FURTHER AFTER PULLBACK

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Ellipse.
EURUSD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is rising.
Keeping these facts in mind the pair may see an up move in coming weeks but it will be restricted by falling trendline and the horizontal support turned resistance after the break below at 1.1662 levels.
EURUSD Daily Chart
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UPDATE-1
I was expecting the pair to fall but the weak data from the united states the pair failed to fall. Currently trading at 1.1775 the pair seems to be consolidating. A close below 1.1717 is needed to say anything about the downmove.

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UPDATE-2
Holiday season has come and the pair is showing strength and did not move as we expected it to move. It broke the falling wedge prematurely. MACD is in positive territory and RSI is rising. Seems like we will be very far from our target in this pair.

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EURUSD IS STUCK IN A RANGE

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator.
EURUSD Weekly Chart
  • The MACD on the weekly chart has entered the negative zone. The histogram is silent.
  • The RSI is turning up.
  • The Stochastics is headed South.
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UPDATE-3
Most of the markets were closed today by virtue of The Easter. The pair has moved in a very tight range today. A movement is expected in either direction only when the markets open on Monday.

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UPDATE-4
Finally, the price started moving in the direction predicted. 1.0677 area may offer resistance in the coming days. So far the price is very much clear to go up.

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UPDATE-5
As discussed in the previous update the price went up and cleared the resistance at 1.0677 very easily. I expect a small pullback to 1.0677 level before the price shoots upward. In any case, I will expect a consolidation here now. The next important level is near 1.0797 levels. Let us see what happens now.

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UPDATE-6
I expect the price to consolidate between 1.0797 and 1.0680 levels before going higher from here. If the consolidation period extends more than a week then we can get the price near 1.0700 on 1 May 2017.

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UPDATE-7
After the result of French elections, the EURUSD opened 193 pips above Friday's close at 1.0723. The pair has made a low of 1.0820 on Daily chart. I am still expecting the price to retrace to 1.0700 levels before going up. Let us see if it happens before 1 May 17 or not.

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EURUSD will rise in february

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Rectangle
EURUSD Weekly Chart
  • The MACD on the weekly chart has entered the negative zone. The histogram suggests the buyers taking control of the market.
  • The RSI is almost vertical and headed high and shows the strength of the pair.
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EURUSD TARGET ON 2 JAN 17

Technical Tools Used
Support and resistance (S/R), Price levels, Trend lines. Price action, candlesticks, shapes like ellipse and text boxes.
Weekly Chart

As it is very clear from the chart above that the pair is in a Descending triangle and the Euro region showing signs of weakness and I expect the trend line being kissed by the pair to be broken soon and the pair may even break the horizontal support shown in the chart . In this case the price action is showing signs that there will be a bre…
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Elens94 avatar
Elens94 1 déc

Great work!

TInna avatar
TInna 9 déc

great!

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EURUSD

The EURUSD pair seem to be in the symmetrical triangle for the past few months and if it stays within the triangle then on 1 Nov 16 the pair will be near 1.11640.
The real uptrend or downtrend will be decided only after the pair breaks below or above the support line and resistance line respectively.
Happy Trading.
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