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:
All these price levels are possible (Stop-loss) breakup points.
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!
we present USD Index short weekly review for the nearest future.
ForexTeam still think that USD Index is under bears pressure and it could be possible correction to the resistance level 96.20-96.50 and if this level will not broken up than we expect further jump down to the support level on 94.00
From other hand, if this scenario is right, we expect EURUSD (1.19) and GBPUSD (1.35) rise!
Let’s talk about USD index behavior this week 29.05-02.06.2017
Well, on weekly time frame we see “pin” bar well supported at 97.10
This week ForexTeam plan USD index slowly recovery to strong resistance level at 97.90, if support level at 97.10 hold.
It means, that bears probably come to EURUSD, GBPUSD etc. Let’s hunt together 😉
here we are with comments to USD index price movements.
As we mentioned in our USD index weekly review from 21.05.2017, now USD index found support at 96.80 and on the W1 time frame we see “pin-bar” pattern. So, if this pattern stay for the rest of this week it could be bulls sign for the future.
Hope you all had nice, sunny weekend)
Let’s take a look to USD index (#USDX) for the next week 22.05-26.05.2017
According our market research we still have bearish pressure for USD index with support levels at 96.70 and 95.90
For the next 2 trading weeks we awaiting “pin-bar” on this price levels with probable pullback to resistance level at 97.90
Here we are!!! ForexTeam weekly target for USD Index is almost done 😉
This week maybe we can see another small decrease to the support level of 97.20-97.10
Good day to all,
As we supposed yesterday in our weekly forex market research, the price of USD Index goes down slowly with small pullbacks. Next support level could be at 98.40-98.30
Bye-bye USD index! See you soon at price level of 97.50-97.30 😉