EUR/USD: trend continuation or fall after double top

EUR/USD trading talks April 17 Euro Dollar reached the level of 1.10300 and even formed a new high at 1.10750, which will be a key resistance level for further growth and continuation of the uptrend. Now, the market is fluctuating inside the uptrend channel on the four-hour chart.On the hourly chart, the price has already… Continue reading EUR/USD: trend continuation or fall after double top

EUR/USD keeps intriguing moving horizontally

EUR/USD trading talks April 11 My previous analysis of the EUR/USD pair had some upside bias and a likely double top formation from 1.10300. But this week the market, having some volatility, tested the EMA 100 level on the four-hour chart (1.08330) that I also mentioned and returned to the level of 1.09100. Thus, the… Continue reading EUR/USD keeps intriguing moving horizontally

EUR/USD will probably reach the Double Top pattern at 1.10300

EUR/USD trading talks April 07 The first April week started with a steady growth and the continuation of the uptrend, while the resistance level of 1.09100 was passed with a new top for the local trend at 1.09730. But after the Wednesday, the price returned and consolidated in the area 1.09100 – 1.09200. This correction… Continue reading EUR/USD will probably reach the Double Top pattern at 1.10300

EUR/USD reached key pattern support

EUR/USD trading talks March 09 Euro/Dollar fell again to the key support area, 1.05300, where the daily EMA 200 (1.05370) and EMA 100 (1.05540) lines are located. The key level 1.05300 passing will be considered as a signal for further decline and the possible formation of a head and shoulders pattern.The current short-term growth does… Continue reading EUR/USD reached key pattern support

The expected fall of the Euro Dollar

EUR/USD trading talks February 24 The published EUR/USD forecast is justified and now the pair has fallen to the daily EMA levels, as I expected. Thus, the local uptrend can be considered broken, and the daily uptrend continues the correction, which is limited by the support of the ЕМА on the daily chart (levels 1.05450… Continue reading The expected fall of the Euro Dollar

Interesting situation of Euro Dollar

EUR/USD trading talks February 13 Euro Dollar has a quite interesting situation this week. The long-awaited decline towards the 1.07000 support has taken place, and now the price is even lower, at 1.06760. The EMA 200 level on the four-hour chart provided proper support, as I expected, but nevertheless it was broken and is now… Continue reading Interesting situation of Euro Dollar

Euro Dollar is trying to reverse the trend after NFP

EUR/USD trading talks February 03 Euro Dollar returned to the local uptrend channel after an impressive fall, which I mentioned as an unlikely scenario. If you follow my trading results, I would like to make a small note about the recent Euro Dollar trade, which I closed when I saw upside prospects in order to… Continue reading Euro Dollar is trying to reverse the trend after NFP

Euro US Dollar trend reversal impulse

EUR/USD trading talks January 30 Euro Dollar finally passed the level of 1.08600 and continues to fall, approaching the local support of 1.08430, which makes it possible to consider 2 possible scenarios: break through the current support level with the decline to EMA 100 on the four-hour chart and the key level 1.07900. On the… Continue reading Euro US Dollar trend reversal impulse

EUR/USD hints at a temporary decline

EUR/USD trading talks January 24 In a previous analytics post, I wrote about a possible short-term fall, after which growth to the level of 1.09400 is likely to resume. As you can see, the chart reached the EMA 100 line on January 18 and after that it started rising to 1.09267, breaking through the key… Continue reading EUR/USD hints at a temporary decline

Euro Dollar moves within the correction

EUR/USD trading talks January 17 EUR/USD continues to move within the uptrend, this time forming a new correction. The currency pair is confidently but so far unsuccessfully trying to break through the key level 1.08650, which at this stage is a marker for possible further growth and trend expansion. At the same time, the EMA… Continue reading Euro Dollar moves within the correction