Eur/usd

With Dollar's weakness the pair remains strong bullish slopes. I don't think the upside movements are over yet, resistance can be found at 1.1460 and follow by 1.1500.
 

gka

Established member
560 3
The EURUSD has spent the last 8 hours trying to break through the highest VRM weekly sentiment level at 1.1455. So far failed to break through this level.

For an explanation of the significance of this level see

https://www.complexhamiltoniansystems.com/practice.html#3rd_PointHeader

The next weekly level of resistance from the VRM is 1.1474 which is the middle of the long term trend channel.
I have 1.1473 as today's EURUSD high so far. Just 1 basis point away from the middle of the long term trend channel I quoted yesterday. The sellers in the market were waiting there and it fell rapidly from there.
 
Eur/Usd is consolidating after the pair failed to continue to the upside and slipe below 1.138 level, consolidation continues if the pair stays above the immediate support at 1.1360 level.
 
I have 1.1473 as today's EURUSD high so far. Just 1 basis point away from the middle of the long term trend channel I quoted yesterday. The sellers in the market were waiting there and it fell rapidly from there.
Good call and interesting system the VRM. I will definitely look into it. Thanks for sharing.
 

gka

Established member
560 3
Good call and interesting system the VRM. I will definitely look into it. Thanks for sharing.
Thanks. You can find the eur/usd hourly charts with the VRM levels on the last post of the thread

"Predicting future FX support and resistance levels using mathematics"
 

fxstrategist

Established member
577 15
The EURUSD rallies again to the 55 day EMA, just above the 1.1400 level, which is acting as a resistance. In case of a bullish breakout, its next resistance could be the 1.1500 level. Above the 1.1500 level, its next resistance could be the 200 day EMA around the 1.1601 level. To the downside, the 1.1300 level could act as support.
 
Today we might see a break of the symmetrical triangle boosted by the ECB interest rate decision or even by the following Mario Draghi press conference.
 

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