EUR/USD Trend For Today: FOREX Signals

fxcapitalvia

Newbie
4 0
EUR/USD remains in a narrow range below the 78.6% retracement of the March to April decline near 1.3900
Our near-term trend bias higher in the Euro while over 1.3730
A push through 1.3900 is needed to trigger a new leg higher, but traction over 1.3970 is really required to confirm any sort of meaningful strength
A cycle turn window of some importance is seen next week
A move under the 2nd square root relationship of the year’s high at 1.3730 will turn us negative on the Euro

EUR/USD Strategy: Like the long side while 1.3730 holds.

Trading Levels:
Support: 1.3830- 1.3730
Resistance: 1.3900- 1.3970

For Signals Please take a look @ Marketlive365.com
 

TrendTracker

Member
72 0
A 100 pip support??

"Support: 1.3830- 1.3730"

Hi! I'm at a loss here... maybe you could explain your analysis a bit. I'm looking at several different timeframes but can't really see your point in stating this support area. There has been a lot of fluctuation between those two levels... it doesn't in my opinion create a valid support.

Cheers!

TT
 

peeterwoolf

Member
67 14
We are certainly seeing the bounce to the upside right now. But what will happen after the ECP, let's wait and see.
 

fxstrategist

Established member
603 16
Eurusd

The EURUSD can still drop some more and reach the 1.3800 level. Good support for the pair.
 

honeill

Established member
624 3
Draghi’s dropped yesterday an unexpected bombshell :eek: that the governing council is comfortable with acting next time, speculating on an easing policy in June.
 

fxstrategist

Established member
603 16
Eurusd

Can there be a gap down on the EURUSD for Sunday? The pair closed pointing down and there could a continuation of the drop.
 

fxstrategist

Established member
603 16
Eurusd

The EURUSD is on hold until the German Zew is released tomorrow. The 1.3800 stays as resistance and the 1.3700 as support.
 

psaTrading

Experienced member
1,063 53
Euro
According to charts, on a medium term view, with expectations that the European Central Bank (ECB) will undertake easing measures, any policy moves could provide the basis for a potentially strong upward eur/usd.
 

fxstrategist

Established member
603 16
Eurusd

The EURUSD still consolidated around the 1.3700. ¿Will it break or bounce? The downtrend is still intact, therefore, we could see a continuation to the downside, but the pair is clearly oversold and we may see some profit taking from the bears.
 

fxstrategist

Established member
603 16
Eurusd

And the EURUSD closes above the 1.3700 level. Looks like a reversal point is forming around that round number.
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock