Last Friday EUR made some recovery to 1.2550-60 resistance area. Today EUR reversed to the downside again and has cleared all the progress made on Friday. Currently EUR found support at 1.2450 which is also the H4 Senkou Span A price. For now we are still just above the support but i think there is a huge possibility for it to be broken soon. H4 indicators are bearish, and the Daily ones are going bearish too. First target is 1.2380 and then 1.2325. To the upside we need to break above…Continue
EUR reached a fresh low last week at 1.2360 then some profit taking appeared on Friday and the pair returned back at the important 1.2450 support. Currently we are above it and the H1, H4 and Daily indicators show some recovery signs. However we have some strong resistances ahead, and this recovery may be just some profit taking and not a real recovery process. First resistance comes at 1.2520, the second one is at 1.2565 and finally 1.2650. Only above the last we shall have a real recovery…Continue
EUR under a heavy downside pressure again after last week's FED meeting and has broken the 1.2500 support, currently trading below it too. Weekly, Daily and H4 indicators are bearish so another push downside is ahead. Seems that the EUR will look for support around 1.2200-1.2140 and finally 1.2000. It may seem too catastrophic but prices below 1.2000 are also possible, but maybe next year. For now EUR is bearish below 1.2530 and first resistance is now 1.2500.
GOLD dropped sharply to…Continue
EUR is currently below the Daily resistance of 1.2720, we have two more resistance levels to break after that - they are 1.2735 and 1.2760. Above the last the upside will be fully restored and you may enter LONG. We have the FOMC meeting on Wednesday so i expect some EUR recovery ahead, but not above 1.2900 before the meeting. Weekly, Daily and H4 indicators are turning to the upside so this tells me that some recovery is possible. If we break 1.2900 resistance too then the recovery may…Continue