EURUSD Analysis (ongoing thread)

[Devante]

The pair has been up trending by following a trend line in the H4 chart. It has been traded above 1.00000 for a while as well. Thus, we can say that the Bull has taken the charge here.

definitely watching the bull=)))

 

[Stoic]

The pair has been up trending by following a trend line in the H4 chart. It has been traded above 1.00000 for a while as well. Thus, we can say that the Bull has taken the charge here.

on the daily chart the bulls rested their horns on the MA200
but apparently not for long

 

[TareqS]

The pair has been up trending by obeying a trend line. It is traded above 1.0000. Thus, the bull is in charge. As of writing, it is in consolidation. A bullish breakout above consolidation resistance may push the price towards the North.

 

[Devante]

When do you predict a reversal?

 

[Petezaa]

Price is still looking bullish - structure is still signalling this. We tapped into a decent 15m POI before market close - it's see if it continues up.

 

[Slx02]

I believe with the incoming CPI USD will weaken and this will probably make an inverted head and shoulders on H4 timeframe, failing that I think the bears will continue to dominate

 

[ForexTus]

Still ruled by dixie at the moment so hard to tell where it will go. Ill be watching and waiting for a confirmed entry

 

[TareqS]

The pair has been up trending by obeying a bullish trend line. It may head towards the North further and find its next resistance around 1.08000.

 

[alphalegacy007]

I have closed half of my positions but I am still bullish biased

 

[TareqS]

The price had a rejection at 1.05900 and made a bearish correction. However, it seems to have found its support. It may head towards the North and make a new higher high.