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EURUSD was punished after hawkish FED…
As we wrote some days earlier in ForexTeam report for EURUSD price behavior, the EURUSD price moved down after Yellen speach yesterday.
On H4 we saw H&S figure) Follow our trading reports and you will be on board!
Hey there,
we present you our new trading ideas about price behavior for currency pair EURUSD.
According ForexTeam technical analysis we can say that EURUSD could test price area 1.2170, while this currency pair continues to hold over uptrend line at 1.1830, but if we take a look to USD index we can say that bears could press the price already from price level at 1.2050.
EURUSD H4 chart shows us possible H&S pattern in progress.
If bears take a control over the price on EURUSD, please pay attention on the following price levels:
1.1953
1.1915
1.1805
1.1760
All these price levels are possible (Stop-loss) breakup points.
Good trades,
ForexTeam
Hello guys,
here we are with the new USD index weekly report.
ForexTeam traders think that at present time (august-september) it could be price rebound from support level 93.00, the same picture like in Dec. 2016 – Jan. 2017, but now from other side.
Importaint resistance levels:
RES 1 = 94.64
RES 2 = 96.67
RES 3 = 97.87
Have a good week!
Hello guys,
ForexTeam traders are watching now for USD Index consolidation and rebound pattern to develop. At the end of July 2017 we can expect one more leg down to support level 93, it is the lower edge of the band 93-100, developed from 2015.
95.10 – is the next resistance target for rebound from 93 support level.
Hi there,
ForexTeam technical analysis in pictures)
Price behavior ahead of and after today’s key US macro news: US inflation figures. ForexTeam plan such scenario like on the picture below.
