• 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. […]

  • EURUSD approaching support, potential rise!

    Price is approaching our first support at 1.230 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur, pushing price up to our major resistance at 1.2421 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). A breakout above our intermediate resistance at 1.2378 (horizontal swing high resistance, 61.8% […]

  • EURUSD approaching resistance, potential drop!

    EURUSD is approaching our first resistance at 1.2378 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 1.2301 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bearish divergence and is approaching our […]

  • EURUSD testing resistance, watch for breakout!

    Price broke out of our short term descending resistance-turned-support line and is testing our first resistance at 1.2288 (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement). If price breaks out above this level, a strong rally might occur, pushing price up to our major resistance at 1.2373 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal […]

  • EURUSD reacting off resistance, further potential drop!

    EURUSD has reacted off our first resistance at 1.2285 (horizontal overlap resistance) and a further drop might occur below this level, pushing price down to our major support at 1.2238 (horizontal swing low support). RSI (89) is also approaching our descending resistance line and a reaction of this level might be a good precursor of […]

  • EURUSD approaching its support, potential for a bounce!

    EURUSD approaching its support at 1.2260 (61.8% Fibonacci retracement, horizontal overlap support). We have also identified an impulsive Elliot Wave, where price could potentially rise to its 1st resistance at 1.2346 (horizontal pullback resistance) or if it breaks past this level, could potentially rise further to its 2nd resistance at 1.2411 (horizontal swing high resistance). […]

  • EURUSD approaching its support, potential for a bounce!

    EURUSD approaching its support at 1.2276 (61.8% Fibonacci retracement, horizontal swing low) where a potential bounce could occur, causing price to rise to its 1st resistance at 1.2444 (61.8% Fibonacci extension x2, horizontal swing high resistance). If it breaks past this resistance, it could rise to its 2nd resistance at 1.2522 (100% Fibonacci extension, multiple […]

  • EURUSD approaching resistance, potential bearish reaction

    EURUSD bounced nicely off its support at 1.2343 (50% Fibonacci retracement) where it is approaching its 1st resistance at 1.2444 (61.8% Fibonacci extension x2, Horizontal swing high resistance) where a potential reversal may occur, pushing price back down to its 1st support or 2nd support at 1.2277 (61.8% Fibonacci retracement, horizontal swing low). If it […]

  • EURUSD approaching resistance, potential for a drop!

    EURUSD approaching its resistance at 1.2444 (61.8% Fibonacci extension, horizontal swing high resistance) where price could potentially drop to its 1st support at 1.2277 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). If it breaks this level it could fall to its 2nd support at 61.8% Fibonacci retracement, multiple swing low support). Stochastic (55, […]

  • EURUSD approaching strong resistance, prepare for a potential reaction.

    EURUSD is approaching strong resistance at 1.2365 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to major support at 1.2165 (Fibonacci extension, major horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this level. Trading […]

  • EURUSD back to major resistance, remain bearish

    EURUSD is back to test our major resistance at 1.2363 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish divergence) and a strong reaction could occur at this level to push price down to 1.2165 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is reacting really nicely off our major resistance at 95% and […]

  • EURUSD testing major resistance, potential for a nice reversal!

    EURUSD is testing major resistance at 1.2363 (Fibonacci retracement, horizontal swing high resistance, bearish divergence, Fibonacci extension) and a strong reaction could occur at this level to push price all the way down to major support at 1.2165 (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding […]

  • EURUSD has started to drop nicely, potential for further drop!

    EURUSD has started to drop really nicely after breaking our ascending support line and our Ichimoku cloud. We see potential for further downside movement below our major resistance at 1.2270 (breakout level, pullback resistance). Our next major level of support is at 1.2083 (Fibonacci retracement, horizontal pullback support). Trading CFDs on margin carries high risk. […]

  • EURUSD breaking out of long term support, potential for a big drop!

    EURUSD has broken major ascending support line triggering a potential drop. Our 1st resistance is at 1.2360 (Fibonacci retracement, breakout level) and a strong drop could occur from here to push price down to 1.2083 support (Fibonacci retracement, horizontal pullback support). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so […]

  • EURUSD approaching double top reversal resistance, keep an eye out!

    EURUSD is making a strong pullback to our double top reversal resistance. Such setups usually occur where there are players pushing price up to get in on the good level. Our 1st level of resistance is at 1.2333 (Fibonacci retracement, horizontal overlap resistance, double top breakout level) and our major support is at 1.2083 (Fibonacci […]