sherif fares
Corporal
- Messages
- 451
Price broke over resistance level 1.1400 and I am going long over 1.1450.
EUR/USD at the 1.3800 level.
- Thread starter fxstrategist
- Start date
EUR/USD continued its bullish momentum yesterday, topped at 1.1444 but closed lower at 1.1407. Trading signals remain up now to test 1.1500 - 1.1535. Immediate resistance at 1.1340 we have. A clear break below it could take price to neutral trading zone testing 1.1280 but overall I still prefer a bullish scenario at this phase and any downside pressure should now be regarded as a good opportunity for long positions.
peeterwoolf
Corporal
- Messages
- 229
Check it out the article: Crédit Agricole says it’s time to short the euro.
honeill
Sergeant
- Messages
- 1,126
EURUSD initially fell on Fridays trading session but found enough buying pressure at Thursdays low to turn around and closed in the green near the high of the day. We are at a major daily resistance 1.1460 and we may enter in a choppy consolidation or even a pullback to the 10-day moving average at 1.1305 before another push upward. Only a clean break above 1.1556 daily resistance will signal that the currency is ready its upward trend.
fxstrategist
Corporal
- Messages
- 742
Another drop below the 1.1400 level on the EURUSD. Lets see if the 1.1300 also becomes a good resistance.
Euro / dollar continued its upward momentum last week, topped at 1.1466. My expectations are bullish for now to test 1.1500 - 1.1535. The first support for the day is 1.1340. A clear break below that area could lead price to neutral zone trade testing 1.1280 but overall I still prefer a bullish scenario at this stage and any pressure on bears should now be regarded as a good option to make purchases.
victoriajensen
Private, 1st Class
- Messages
- 1,117
EUR/USD failed to break above the resistance at 1.1450, formed a doji candlestick on the daily filter chart right under the resistance level and moved to the downside again. I think it will continue descending at least until it reaches the support at 1.1270 or perhaps even 1.1200.
sherif fares
Corporal
- Messages
- 451
Unfortunately price couldn't break 1.1450 and rebounded from the resistance level. my long position was not triggered.
