Open trading account 
As we see in the first chart we have a downtrend followed by a correction in shape of channel. Price then goes through the supporting trend line of this channel and also through both support levels. The often used method here would be to go short and place the stop just above the breakout candle. It clearly must have happened in this case too. Sellers didn't manage to send the pair lower, instead it reversed to take out those stops. This is H1 chart which is used as an anchor chart or main chart…
Armands's Blog
EUR/USD long term outlook
On weekends I like to take a look at larger time frames and see what is the picture.
I look at the monthly chart first, marked one recent swing high and one swing low. There have been 4 attempts to break above that swing high (marked with blue ellipse). Each time price was pushed slightly higher. It is very likely that a large move down will follow.
Could go as low as the previous swing low at around 1.2750.
Another possibility is that recent weekly lows (marked with white rectangles) will be ta…
I look at the monthly chart first, marked one recent swing high and one swing low. There have been 4 attempts to break above that swing high (marked with blue ellipse). Each time price was pushed slightly higher. It is very likely that a large move down will follow.
Could go as low as the previous swing low at around 1.2750.
Another possibility is that recent weekly lows (marked with white rectangles) will be ta…
EUR/USD possible setup for tomorrow
Last week we had a really strong bullish trend which finally run out of steam at 1.3900 level. So what now? Market gaped down on open and didn't manage to go above the close of the last week. The price has retraced to a horizontal support level. Actually two of them. Plus it also matches up with 1.3800 and 50% retracement level. So this can be considered as a very strong support level. Economic data also didn't bring us any surprise and there is no important news left this week either, so there…
EUR/USD most likely to continue to the upside
This uptrend started early in July and was put to the test on 7th of November when ECB cut interest rates by 0.25 basis points. Since that pair has traded higher, but without any impulsive moves. Today bulls have managed to push the price back above the previous supporting trend line showing who is in charge.Target - 1.3825. Happy trading.