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Hello guys,
In our weekly EURUSD report last week we planned bearish pressure for EURUSD and we wrote about H&S figure on H4 time frame. ForexTeam traders were right and yesterday EURUSD price reached 1.1760 level.
From this price level we could see more bearish pressure (new leg down) going till 1.1660 price level, it is all possible because dollar index price could rise till 93.95.
Stay tuned,
ForexTeam
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
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.
Hello there,
From technical point of view, ForexTeam think that potential downside for EURUSD and GBPUSD remains limited.
EURUSD Support levels: 1.1380, 1.1345, 1.1280
GBPUSD Support levels: 1.2840, 1.2810, 1.2750
USD Index this week could test resistance level: 96.30-96.50 with possible rejection.