EURUSD is in a rising channel and it seems that it has formed a wedge pattern and needs some correction.
1.223 is a resistive now. we expect that the price break the trend line and then go down after completing pulback.
I expect two possible scenarios for the pair:
price will fall to the trend line and the resume upwards or
price will fall all the way down to 1.196 and the resume.
What do you think?
🔔 EURUSD is still below our breakout line ( H&S neckline ) — we should expect a bearish movement from now — Below 1.200 EU will accelerate
🔹 If EURUSD breaks above our Blue zone ( 1.2100 ) will break our H&S pattern then will move bullish
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The price continues to move above the historically strong resistance level.
As mentioned last time, it rallied from the zone and secured itself on the support line in the area of 1.209. And now it has come to the resistance line 1.217.
This resistance line has existed on the chart since July and during these six months the price has touched it more than five...
DAILY'S UPTREND STRUCTURE HAS BEEN BROKEN AND MARKET IS CURRENTLY RETESTING THE LOWS WHICH GOT BROKEN.
4H SHOWS DOUBLE TOP WHICH INDICATES FAILURE OF BUYERS TRYING TO PUSH PRICE HIGHER.
EU IS LIKELY TO SEE A PUSH TO THE DOWNSIDE
Hello Fellow Traders!
Trend line set back in August through September intact and respected.
Indicator and signals clustering pointing to upside before any major falls.
- Price holding above the 200 EMA
- Price holding above the 50 EMA
- Price sitting on 200 EMA clusters with 50% Fibonacci as support
- RSI approaching 50 mid-point and has room to...
. There is still a possibility of temporary retracement to suggested resistance lines (1.1822 & 1.1883). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which...
PAUL KRUGMAN, AN INFAMOUS (((KEYNESIAN))), RECENTLY CLAIMED THAT THE PRICE OF GOLD WAS RISING DUE TO A FALL IN REAL YIELDS, NOT BECAUSE OF INFLATION!
HIS BELIEF IS THAT INTEREST RATE YIELDS ON TREASURIES AND OTHER SAFE ASSETS BEING NEGATIVE ADJUSTED FOR INFLATION IS THE PRIMARY FACTOR OF DEMAND FOR GOLD, AN ASSET THAT HAS NO YIELD, ONLY CARRYING COSTS! HE DOES...