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Hi Traders,I am keeping my same opinion regarding EUR-USD as was mentioned in my earlier blogs.Euro is heading down to the 1st target of 1.07000 and then break below could take it down to 1.0450.
RicheRich's Blog
EUR-USD Analysis
Hi Traders, EURUSD is bearish as long as we trade below 1.0960 and we may reach 1.0800 and then 1.0735
EUR-USD Analysis
Hi traders,
Once again another compelling case study EUR/USD traded to its highest level in three weeks this past week. EURUSD has retraced significantly off its lows. Price reversal has been accompanied by an increase in volume. “Whenever we see price move counter to the trend, we want to gauge how strong the move actually is. This means we want to see price retrace significantly AND see a larger than average amount of trading volume throughout the move. The larger the move and the more real…
Once again another compelling case study EUR/USD traded to its highest level in three weeks this past week. EURUSD has retraced significantly off its lows. Price reversal has been accompanied by an increase in volume. “Whenever we see price move counter to the trend, we want to gauge how strong the move actually is. This means we want to see price retrace significantly AND see a larger than average amount of trading volume throughout the move. The larger the move and the more real…
EUR-USD Analysis
Hi Traders, Here is My Opinion again about the EUR-USD for next week, Euro has made a significant reversal on March 27th with high Volume. Next week I expect Euro to follow through with this reversal and move higher. My Levels are Min. 1.0950 and Max. 1.1245 to The next Fibonacci Retracement 38.2% level. I am still bearish on EUR. And consider this move higher up to 1.1245 will be a corrective wave. Unless until it breaks and closes above the 1.1245 level on a daily chart. Only then it will ne…
EUR-USD Analysis
Hi Traders, My Point of ViewAll this consolidation can propel the Euro higher against US Dollar, with prices now poised to make a move above the 1.12 figure. Near-term resistance is at 1.1263, the 38.2% Fibonacci retracement, and a break above could expose the 50% level at 1.1513. Alternatively, a reversal below 1.0955 (trend line resistance-turned-support, 23.6% retracement) clears the way for a test of the 1.0456-541 area (March 16 low, the 23.6% Fib expansion).My long-term outlook= Euro w…
EUR=USD Analysis
Hi Traders,Here are the levels I am watching to trade. EURO Rally stalled at 1.10 with this in mind and a broad based weakness in Euro.The Euro rallied against the US Dollar is corrective . candlestick pattern. A daily close above the intersection of a falling trend line and the 23.6% Fibonacci retracement at 1.0955 exposes the 38.2% level at 1.1263. Alternatively, a move below the 1.0456-541 area (March 16 low, the 23.6% Fib expansion) clears the way for a test of the 38.2% threshold at 1.0233.…