some trading ideas how we plan bearish scenario for eurusd:
Well, EUR USD bears and bulls still playing ping-pong in flat canal 1.1880 – 1.1690.
If we see failure at price level 1.1880 than we should see the market retest price level at 1.1320.
Monthly close price will help us with further estimations and eurusd trading.
Good luck 😉
Yesterday bears pushed down the price and the daily close was 1.1649. Now we pay attention for the monthly price close and after that we will choose the price direction for EURUSD.
ForexTeam traders expect bulls pressure for the currency pair EUR USD with first Take-profit target on 1.1904 – 1.1910. This bulls pressure will be alive till the daily close price below price level 1.1732.
We kindly invite bulls in EURUSD till our first Take profit target! Welcome)
Hope you enjoy ForexTeam app 😉
EUR USD bears are preparing the trap for bulls, if the daily close price does not reach price level at 1.1904, than ForexTeam traders see the opportunity to sell EUR USD with a target of 1.1646-1.1603.
We’ve already opened EURUSD Sell limit at 1.1887
we hope you are trading well)
Let’s take a look to monthly resistance and support levels for EURUSD and Dollar Index.
According ForexTeam technical analysis, we see the following monthly price levels:
RESISTANCE = 1.1904-1.1942
SUPPORT = 1.1646-1.1590
If daily close price for EUR USD will be under 1.1794 than we are awaiting more bears pressure till price level 1.16
RESISTANCE = 94.6 – 94.74
SUPPORT = 92.89 – 92.34
If daily close price for Dollar Index will be above 93.27 than we are awaiting more bulls pressure till price level 94.6
P.S. ForexTeam sold EUR USD from 1.1835 and 1.1793 with TP1=1.16