EURUSD Analysis (ongoing thread)

[ForexViking]

Morning all, wanted to start an ongoing thread following EURUSD analysis. Seemed more apt to put it here please join in and share ideas.

 

[ForexViking]

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?

 

[Glastonburyk]

Looks to be an impending buy

 

[CRPA9]

Looks nice on support

 

[sebking1986]

Certainly looks like it's set to go long

 

[carnelian]

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]

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]

A longer term perspective... do you all think 1.12 is probable if it breaks out thru trendline this time?

 

[fxstrategist]

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.

 

[georgequayle]

You think the UK election will affect this pair?