Well we have a pull back on the euro right now I am waiting for price rise to 4hr 21ema and Wpp @ 1.0850 Once price is at my sell zone I am looking to short this currency pair.  I will drop into a 15 minute chart and look for signs that resistance is holding…

Dear Traders, Having seen the analysis to go short on the daily time frame lets try to find our entry points. Ideally we want to see price break support retrace back to the area and then continue in direction of our bearish trend. It is then and only then after receiving this confirmation that the…

Dear all, Price has been moving below the cloud therefore any bullish trades / biases have been invalidated. Now we should only be thinking to short from below the cloud. The indicators seen on the chart Macd´s and a slow stochastic are also pointing down. I am a trader that tries to take losses as…

Since early December 2015 the Euro has try to break resistance @ 1.09735. It will be the 7th x the euro has tried to break this level and rally higher. Bear will be waiting here to once again to push this currency pair lower. Blue arrows mark the resistance level it is a 38.2 fib…

On this eurusd daily chart you might note that price today broke out of our triangle. Price tested the cloud but printed during the day a bullish candle. This means that the cloud acted as support which held and attracted more buyers. MACD crossed the zero line upwards which would be another bullish signal. If…

Price is moving inside a symmetrical triangle. The upper and lower boundaries have been tested twice now and price needs still to break out for a clear direction. If you have not initiated a short position at the upper boundary then I recommend to wait for an outbreak for confirmation of direction. If price breaks…

EURUSD has been able to weather the market selloff pretty well in the past week, holding steady just above the 1.0850 minor psychological level even while other dollar pairs are plummeting. However, a short-term drop might be in the cards as a double top can be seen on the 1-hour time frame. The pair has…

We had no bullish follow through after the the release of the NFP numbers. Therefore traders might be considering to continue to short the eurusd in accordance with a dovish view of central banks for the euro. Please take note that preferably one should short a weak currency against a strong one which might be…

Price printed a 123 price pattern on this eurusd daily chart. Note the last candle that was provided on Fridays  NFP with the lower wick and closing at the top. Then we should also note a W pattern on the stochastic indicator which tends to be a bullish pattern. In this scenario I would only…

EURUSD has been trending lower on the short-term time frames, with a potential retracement opportunity presenting itself on the 4-hour chart. Price previously broke below support around 1.0850-1.0900 before dipping close to the 1.0700 handle then pulling back. Using the Fibonacci retracement tool on the latest swing high and low shows that the 50-61.8% levels…

The eurusd currency pair has been moving sideways for a few days now. Price broke or is trying to break out of the ascending triangle. If it continues to print red candles then I expect it to go to the previous low marked by the two yellow lines. We would be trading in direction of…

Well fundamentally the whole world speaks about the bearishness of the euro... On some sides it is the weakest currency pair that traders should trade... But lets look with an open mind on this eurusd daily chart, price found support at the 1.08000 level. If this level holds and the stochs provides us with a…

Price is moving sideways on this pair for three days now. In my opinion this might mean that price is overextended. The euro pair moved to new highs against most other pairs but not against the usd. So I would advice some caution. The stochastik is already at the 80 % level so I think…

EURUSD has been on a steady downtrend, barely showing any signs of a pullback until recently. Price bounced off the lows at 1.0615 and may be ready for a retracement to the Fibonacci retracement levels based on the latest swing high and low on the 1-hour time frame. In particular, the 38.2% retracement level lines…

If tomorrows NFP provides volatility and breaks the support level then you might trade this pair with a breakout strategy. This would confirm our bias and we would enter with an impetus candle if the support zone is broken with ease. The lowest blue support level would be our target that might be reached in…

Dear all, Since the shorter time frames are more difficult to trade and one colleague of yours asked for analyses on higher frames I am providing you with the eurusd daily chart. Price will more likely than not move down to support which is the next lower blue level. If the level holds another good…