EURUSD Analysis (ongoing thread)

[georgequayle]

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.

thanks, i may use this

 

[DaveT]

You think the UK election will affect this pair?

Hell yeah...

 

[ForexViking]

Hell of a move to end the week. Just took profit today on buys from monday. Gonna have a great weekend How did you all do? Jump on the buys?

 

[gridmaster]

eur/usd analysis shows that pair is going up while trading above the 1.1155 level.
The wedge breakout has finally occurred last week

 

[Reinder]

Obviously not. UK elections are already included in the current price. I think that the further movement vector will depend on economic statistics from the EU

 

[ForexViking]

EUR/USD - Well this strong uptrend has been fun to trade

looks like it might be tipping to the sells though I'm still holding onto a buy, might jump ship
Anyone have any ideas to counter the uptrend? How you all trading it?

 

[DaveT]

Time to jump I'd say...

 

[Reinder]

EUR/USD - Well this strong uptrend has been fun to trade

looks like it might be tipping to the sells though I'm still holding onto a buy, might jump ship
Anyone have any ideas to counter the uptrend? How you all trading it?

View attachment 49344

The local trend is complete. Bidding switched to flat.

 

[fxstrategist]

The retracement on the GBPUSD has taken the price back to where it was before the UKs election. The 1.3000 level could act as support, since it was resistance in the past.

 

[Reinder]

This is a topic for discussion on the ESD / USD