pair EUR/USD has formed a pattern Head & Shoulders on H4 timeframe. I guess this point indication continuation the price down by testing the value area 1.2950. is technical I will wait him to rise to 1.3080 area level to open a position sell. just a suggestion for consideration and waiting for the actual fundamental news. happy trade
the bearish momentum is on the way because this pair can break level 1.3150, so it mean down trend is expected for next week and the pair might goes to level 1.3050 but if price going upward and break level 1.3200 this pair will continue for bullish trend
in my opinion this pair will go up today its today target is 3305 i bought it at 3100
hoping it will reached my target
sorry friend. even the price goes up. it will be too far to reach 3305. especially on monday, 3200 would be the maximum line for today IF the price indeed goes up.
personnally, i see the price is still undecided . it might reverse at 1.3124 and pullback to short. or it might break that line and reach 3200. either way, i am watching the price for now.
Friday's bearish engulfing candlestick pattern has confirmed our short term outlook and eyes now is on the psychological levels of 1.3000. This collapse seen obviously on the daily graph may weaken 1.3000 zones supported by the negativity appearing on Stochastic and if the pair succeeds in taking 1.3000, the path will be cleared towards the monthly support level of 1.2850.
The trading range for this week is among key support at 1.2740 and key resistance at 1.3415.
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