EURUSD Analysis (ongoing thread)

ForexViking

Recruit
Messages
130
I’ll kick things off :)

EUR/USD - Nice sell to end Friday.

RSI looks oversold and eyeing up further move upwards.

In a buy this morning and eyeing the 1.11 level for tp.

EUR news looks bearish fir the currency but USD also devaluing.

Tech analysis looks like a buy until around 1.11 then maybe retracement to floor of new uptrend.

How you all trading it? :)
3C535F44-E823-44BA-856A-98263523A465.jpeg
 

carnelian

Private
Messages
202
You have it right on you chart and I will be aiming for the Support 3 you have marked. The news is coming in London session and it will decide the price action whether we are hitting the TP or not.
 

Sammy colt

Private, 1st Class
Messages
41
Thanks for the analysis, I think it's certainly going to be an interesting week for GBP. While I'm not actively trading yet I will still be watching it to see how the election affects it.
 

Passiontrader

Private, 1st Class
Messages
47
A longer term perspective... do you all think 1.12 is probable if it breaks out thru trendline this time?
Eurusd.jpg
 

fxstrategist

Corporal
Messages
741
The 1.1100 level is acting as a resistance, followed by the 200 day EMA at the 1.1135 level. To the downside, the 55 day EMA at the 1.1060 is acting as support and the 1.1000 level could be its most relevant bottom in the short-term.
 
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