Trading is still stable at 111.70 (the second objective of the bullish scenario) and around the upper limit of the bullish channel shown on the 4 hour chart … Stochastic is pointing to a positive cross and the RSI is still within the bullish momentum area. The 50 is probably indicating that the price has […]
The negative pressure on the pair continues to move below the bullish trend line shown on the 4 hour chart and below the SMA 50 ending the bullish scenario that achieved its first target at 1.3340 … although the breach of this trend signals further downside but the trend structure is still bullish Supported by […]
The Euro fell yesterday, breaching the bullish trend formation started by mid last month and ending below the support of 1.1350 ending the bullish scenario which achieved its first target at 1.1405 … stability below 1.1350 – 1.1365, in addition to the negative cross of the 50 and 100 simple moving averages on the hour […]
The pair is still moving sideways between the resistance at 0.7190 and the support at 0.7075 … it is preferable to remain neutral until one of these levels is breached to confirm its direction. A breach of 0.7190 – 0.7200 could push the pair to target resistance at 0.7290 as the first target, then resistance […]
The pair rallied strongly on Friday breaking the resistance at 1.3235, ending the possibility of a decline … trading is limited within a symmetrical triangle pattern and we see the four-hour timeframe … it is better to stay neutral until the signals determine the direction of the price. Breakout Resistance 1.3330 The upside-down head and […]
The pair is fluctuating around the resistance area 0.9980 – 1.0005, which is supported by the SMA 50 on the 4 hour frame … and the downside remains valid as long as the trades are below the 100 level … The pair could resume its downside move towards 0.9910 as the first target and then […]
A clear breach of 23.6% Fibonacci as seen on the daily chart, pushing it to further decline to test 38.2% around 1275 as the first target, which breached it may press the price to turn to the next support around 1250 – 1240 … The price may need to retest 1300 – 1302 to gather […]
The pair is trading at a high of 111.70 (the second objective of the bullish scenario) and around the upper limit of the ascending channel shown on the 4 hour chart … The current uptrend could continue to the third target at 112.50, but the saturation of Stochastic and RSI The price may force the […]
The pair fell from last Friday’s trading below 1.3210 support to receive support from the bullish trend line shown on the 4 hour chart … The possible bullish scenario remains intact as long as the trades remain above the mentioned trend line and the pair may return to face resistance 1.3340 (the first target on […]
Trading remains limited between the resistance 1.1405 (the first target of the ascending scenario) and the support 1.1350 … to keep the possible bullish scenario as long as the trading support is higher 1.1325 and the pair could return again to counter the resistance 1.1405, which may push the price to the second target at […]
