Trend bearish all time frames, but test this week important suport monthly box [1.1575,1.1890].
Until now any signal for a temporary bottom at this levels, but i change my view this week, Strong Bearish to Bearish neutral, because this cross test important suport/box montly chart.
Key number short-term 1.2350 below key expect new lows target 1.1750 ( look to chart fibonacci areas>> perfect testing upside and dowside).
Last session possible temporary top is formed 1.2152 because for now, resistance hourly range [1.2154,1,2165] and daily chart [1,2154,1,2178].
If close hourly above 1.2178 new resistance range [1.2233,1.2250].
Suport hourly 1,20 and range [1.1940,1960]. Close hourly below 1.1960 expect more damage first target last low 1.1875 and second target 1.1750.
Nothing new follow the pattern of last weeks. Pattern??
Looking to daily chart EURUSD tested friday last suport box now resistance this pattern have 6 weeks.
Friday test EMA 21 represent for now important resistance.
Click to zoom in. Good luck folks.
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| EURUSD Daily Chart |
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| EURUSD Daily Chart |
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| EURUSD 60 minutes |
Carlos, when I plot the EMA 21 on the daily scale, the line comes out as shown, quite a bit higher, which EMA are you quoting in your post>?
ReplyDeletehttp://screencast.com/t/MWM5YTMwYW
Thank you for your comment is so deep, on my blog at http://gbpjpytoday.blogspot.com/. In the analysis, I created a mathematical system for calculating the approximate direction of the trade that will happen next, in this case I use to estimate trading GBP - JPY and yet I use for other trades (it's not impossible for other trades), so an explanation about the direction of trade is going to happen, is not as deep as the way your's, but can make a general picture about the direction of trade that is more easily understood by ordinary people. While for the analysis of trade EUR - USD which included (at the bottom of my blog) is a simple analysis to estimate the direction of trade in a month.
ReplyDeleteHopefully, we can complement each other and strengthen the analysis to obtain a better analysis. Keep on fighting :)