EURUSD, Analysis (week 02/12/19): Bearish triangle?

[Jim B]

Glad man I'm gonna be setting up a continuing thread so everyone can chip in on Monday

I’ll keep an eye out for interested to know your thoughts.

 

[pezz55]

Good tread we should all be helping everyone with moves happening

 

[ScottHughes]

Have we got our eyes on this for tomorrow?

 

[Christina Ledger]

Nice little spike there after the election result yesterday. Any catch it?

yepand even last week too

 

[georgequayle]

made money from this pair last week

 

[bigbax699]

EURUSD currently is still at quite a cheap price to buy in at. Im placing some small LONG parcels to hold for the upturn

 

[sebking1986]

EURUSD currently is still at quite a cheap price to buy in at. Im placing some small LONG parcels to hold for the upturn

Seems like it doesn't want to break the 1.10 support level. Might get there again and go from there.

 

[pezz55]

UR/USD - In general the sells won last week with a bullish spike knocking out anyone that didn't take profit.

On the technicals a bearish triangle forming/formed and maybe a bounce off the resisting MA.

Think we saw positive EUR news tip the balance against an uncertain USD which gave us a bullish spike.

I was a bit off in predicting EUR news to be a wet flannel but still managed to make gains through sells at start of the day.

Fundamentals appear quiet today so will be relying mainly on tech analysis

How do you think the pair is going to fair today? And for the week ahead?
View attachment 48971

Its hit and bounced from resistance again good to watch for entry for the sell

 

[Alanmarshall]

whos made profit from this since december?

 

[RachelEB]

Seems like it doesn't want to break the 1.10 support level. Might get there again and go from there.

Looks very likely right now to hit the level again.