Jump to content
Sign in to follow this  

Trade levels EURUSD only

Recommended Posts

EURUSD moved sideways in a trading range between 1.1215 and 1.1500. As long as 1.1500 resistance holds, the downside movement from 1.1815 could be expected to resume and a breakdown below 1.1215 support could trigger further downside movement towards 1.1100. On the upside, a breakout of 1.1500 would suggest that the downside movement had completed at 1.1215 already, then the pair would find next resistance level at around 1.1700.

Share this post


Link to post
7 hours ago, TrendFollower said:

@BRIGHTLIGHTFX,

Are you able to expand on why if the 1.15 resistance holds then the downside movement from 1.1815 could be expected to resume?

 

thats because of the market cycle

Share this post


Link to post

@BRIGHTLIGHTFX,

Please accept my apologies but that does not make sense. So if 1.15 resistance holds then the downside movement from 1.18 could be expected to resume because of the market cycle! 🤔

Are you able to expand on that with more specifics and detail so that is more meaningful?

Share this post


Link to post
20 hours ago, TrendFollower said:

@BRIGHTLIGHTFX,

Please accept my apologies but that does not make sense. So if 1.15 resistance holds then the downside movement from 1.18 could be expected to resume because of the market cycle! 🤔

Are you able to expand on that with more specifics and detail so that is more meaningful?

hi there, there are minor and major cycles in market so I analyse 4hr and higher time frames, what I mean is that when an important level holds there is a chances that the bigger cycle with resume or end.

Share this post


Link to post

EURUSD is forming a triangle pattern on the 4-hour chart. Another rise towards the upper trend line of the pattern is possible in a couple of days, a breakout of the this trend line could take the price to 1.1500 area. On the downside, a breakdown below the bottom support trend line could signal resumption of the downtrend from 1.1815 (Sep 24 high), then next target would be at 1.1200 area.

Share this post


Link to post

EURUSD failed in its attempt to breakout of the upper line of the triangle pattern on the 4-hour chart and pulled back from 1.1418. Deeper decline towards the bottom support trend line of the pattern is possible in the coming days, a breakdown below this trend line would indicate that the downside movement from 1.1815 (Sep 24 high) has resumed, then next target would be at 1.1200 area. Near term resistance is at 1.1355, above this level could trigger another rise towards the top trend line.

Share this post


Link to post

EURUSD moved sideways in a triangle pattern on its 4-hour chart. A breakout of the upper line of the pattern could take the price to 1.1600 area. On the downside, a breakdown below the bottom support line would indicate that the downtrend from 1.1815 (Sep 24 high) has resumed, then next target would be at 1.1100 area.

Share this post


Link to post

chart?q=CURRENCY:EURUSD&chst=vkc&tkr=1&c
EUR USD

The Euro is up against the US Dollar on Friday.

EUR / USD was up 0.29% and 2128 were up at 1.1411.

The pair was likely to find support at 1.1309, the Wednesday low; 1,1423 was determined as the highest resistance level of the day.

Edited by ertankutlu

Share this post


Link to post

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      5,881
    • Total Posts
      25,489
    • Total Members
      31,832
    Newest Member
    ricknguyen
    Joined 19/12/18 02:39
  • Our picks

    • US Fed watch: APAC brief 19 Dec
      US Fed watch: The US Fed meeting has been kickstarted and the markets are shuffling around in anticipation. US equities at time of writing are putting in a mixed performance, though al major Wall Street indices remain trading below key technical levels. It comes following a day in which Asian and European markets sold-off in sympathy with Monday night’s rout in North American shares. A desire for safety has supported a bid in US Treasuries: they are higher across the board. Interest rates traders are also grinding away, pricing out point-by-point interest rates hikes from the Fed in 2019. The US Dollar has dipped as traders take safety in other haven currencies: the US Dollar Index is below 97, mostly courtesy of a play into the EUR and the Japanese Yen. The weaker greenback has provided a lift in gold prices, with the yellow metal trading just below support at $US1250 per ounce.


      The Fed’s biggest critic: Everyone has an opinion on what the Fed ought to do, it seems. The most powerful voice of all, US President Donald Trump, has certainly weighed in on the subject, Tweeting: “I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s. Feel the market, don’t just go by meaningless numbers. Good luck!” Never mind that President Trump’s policies, from major tax cuts and his trade war have contributed to the Fed’s invidious position. The President clearly is noting his concern about one of his hitherto favourite measures of personal success: the health of the US stock market. Whether rightly or wrongly, market participants, as contained within the price action in global markets, appear to agree with President Trump.
      • 0 replies
    • Indicator update: Customising RSI levels
      On the back of client feedback we now offer the possibility to customise the RSI levels on desktop and mobile devices. To do so, click on the RSI label once you have enable the indicator on your chart. This will open a dialog box that will allow you to change the levels (which are set at the default levels of 30/70), as well as customise the period and the colour of the lines.
      • 2 replies
    • FOMC - Wednesday 1900 GMT
      Trend of boring FOMC meetings likely ending tomorrow, expect significant USD and index moves through the rate decision. 25 bps rise expected but by no means certain, Trump already on the warpath.
      • 0 replies
×