• EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1693 (horizontal overlap resistance, 38.2% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 1.1597 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement). RSI (55) is also seeing a bearish exit and we might see a corresponding […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1724 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.1590 (horizontal swing low support, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching our resistance line and we might see a […]

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1626 (horizontal overlap support, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above that level pushing price up to our major resistance at 1.1723 (Horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also bouncing off our support and we […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1834 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.1504 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). Stochastic (55,5,3) is also approaching our major resistance and a […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1644 (horizontal overlap resistance, 38.2% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.1511 (horizontal swing low support). Stochastic (89,5,3) is also approaching our major resistance and a reaction below this level might see a corresponding drop […]

  • EURUSD approaching resistance, watch for potential drop!

    Price is approaching our first resistance at 1.1640 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.1530 (horizontal swing low support, 100% Fibonacci extension). RSI (21) is also seeing facing bearish pressure from our resistance line and […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1657 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and price might drop to our major support at 1.1512 (horizontal swing low support). Stochastic (55,5,3) is also approaching our resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses […]

  • EURUSD approaching support, potential bounce!

    EURUSD is approaching our first support at 1.1733 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension) where price might potentially rise our major resistance at 1.1799 (horizonal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) which coincides with our short-term descending resistance line. Stochastic (55,5,3) is also approaching our support where a bounce […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.1826 (horizontal overlap resistance, 61.8% Fiboancci retracement) and price might potentially fall to our major support at 1.1646 (horizontal overlap support, 61.8% Fibonacci retracement). A breakout below our intermediate support at 1.1729 (horizontal overlap support, 38.2% Fibonacci retracement) might provide the bearish acceleration to our major support target. […]

  • EURUSD reversed off resistance, potential drop!

    EURUSD reversed off its resistance at 1.1837 (61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 1.1647 (horizontal overlap support). Stochastic (55, 5, 3) has also reversed off its resistance at 96% where a corresponding drop could occur. Trading CFDs on margin carries high risk. Losses can […]

  • EURUSD testing resistance, potential drop!

    EURUSD is testing our first resistance at 1.1719 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.1556 (horizontal swing low support). RSI is also approaching its resistance and we might see a corresponding drop in price should it react off […]

  • EURUSD testing resistance, potential drop!

    EURUSD is testing our first resistance (horizontal pullback resistance) at 1.1719 and a strong reaction might occur below this level pushing price down to our major support at 1.1556 (horizontal swing low support). RSI is also approaching our resistance and a reaction off this level might be a good precursor for a potential drop in […]

  • EURUSD has made a bullish exit, potential rally!

    EURUSD has broke major resistance-turned-support at 1.1819 (23.6% Fibonacci retracement, horizontal overlap support, bullish exit of descending resistance) and this has triggered a potential bullish exit that could see price rise all the way to major resistance at 1.1873 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 3.9% […]

  • EURUSD bouncing off support, further potential rise!

    EURUSD is bouncing off our first support at 1.2156 (horizontal swing low support, 100% Fibonacci extension, Elliot wave structure). A rally might occur above this level, pushing price up to our major resistance at 1.2247 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bullish divergence and is approaching our major support […]

  • EURUSD testing support, potential bounce!

    Price is testing our first support at 1.234 (horizontal overlap support, 61.8% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 1.2395 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bullish divergence, a good precursor for a potential rise in price. […]