Bewayopa's Trading Ideas

[bewayopa]

EUR / USD was trading in consolidation mode on Monday.
In the broader trend, the break up of 1.1045 indicated the conclusion of a possible training "double bottom" something that could represent bullish implications wider.
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[bewayopa]

EUR / USD traded higher on Tuesday, after "hitting" the support in 1.1130.
Recovery confirmed a higher minimum future in the 4 hours chart, but as there are still positive divergence between our short-term oscillators and price action is better to wait.
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[bewayopa]

EUR / USD rose on Wednesday, broke above the resistance line (turned into support) and 1.1290 reached once again the main resistance zone of 1.1375.
Our studies support the momentum if the EUR / USD can maintain upward movement.
Regarding the broader trend, the break above 1.1045 marked the conclusion of a possible training "double bottom" something that could represent bullish implications wider.
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[bewayopa]

EUR / USD was trading higher on Thursday, breaking above the 1.1375 resistance barrier and "hitting" next barrier of 1.1445, defined by the maximum of 13, 17 and 19 February.
It is open the way for the psychological area of 1.1500.
However, the RSI hit resistance at its line of 70 and went down, while the MACD rose and may move below its signal line soon.
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[peeterwoolf]

EUR / USD was trading higher on Thursday, breaking above the 1.1375 resistance barrier and "hitting" next barrier of 1.1445, defined by the maximum of 13, 17 and 19 February.
It is open the way for the psychological area of 1.1500.
However, the RSI hit resistance at its line of 70 and went down, while the MACD rose and may move below its signal line soon.
https://bewayopa.wordpress.com/

You are right, 1.1500 is important resistance level.

 

[bewayopa]

EUR / USD retreated on Friday but found support at 1.1320 and recovered up to 1.1465.
The short-term outlook is positive.
We'll probably soon see the fee to challenge the 1.1500 barrier.
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[bewayopa]

EUR / USD depreciated on Monday.
The short-term outlook is slightly positive.
But the momentum oscillators indicate a negative motion and support larger declines.
The RSI continued lower and fell below its line of 50, while the MACD, although positive, is below its signal line and pointing up.
There is a negative divergence between both indicators and price action.
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[bewayopa]

EUR / USD fell yesterday after the ECB has said it will step up its QE program in May and June, to avoid disruption to the market during the summer months.
The RSI broke the support in your line of 30 and can recover from there.
https://bewayopa.wordpress.com/

 

[bewayopa]

EUR / USD traded lower on Wednesday and "hit" the support near the 200 periods moving average, slightly above the main barrier of 1.1045.
The RSI rebounded from near its line 30 and the MACD came down and can move above its signal line soon.
https://bewayopa.wordpress.com/

 

[bewayopa]

EUR / USD traded virtually unchanged on Thursday.
The RSI continued on a high after recovering from a 30 line.
The MACD fell and crossed above its signal line.
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