Skip to main content

Eur/Usd trend is not reversible anytime soon

Euro is keeping its bullish trend and will probably continue to historical 1.30$ , but in the short term , euro should be breaking 1.23$ area and continuing higher to brek above mutli year highs of 1.26$.
Euro found support at 1.17$ , which initiated a rally of more thab 300 pips before bulling back towarsa 1.1960$ where it found support again and rallied another 200 pips , the strong momentum for the euro is still upwards and we should be seeing more gains in the coming week.
The rally today was supported by disappointing NFP figures for the US.

Popular posts from this blog

storj update - 1h chart very bullish

Following up on previous analysis  for storj after breaking over bearish trend. Storj reached a high of 0.95$ , retreating back now to 0.84$ . Below is chart for 1h time frame which shows a very strong trendline coming from lows at 0.67$. A break below will be a sign of reversal, we need to keep over that line for a while to keep the bullish move running upwards. Keep following for updates... Follow me on twitter @b4borio

BDC/BTC target and resistance levels

#Dbcbtc is targeting 0.0000001730 btc. It is starting to build up a bullish trend on small time frames. It will be a challenging area to break given the bearish trendline as well. Deepbrainchain is one of solid crypto projects that have a good profitable future. #Investincrypto

EURUSD Still bearish on weekly basis

That will be the trade for month of June , Possible good correction for #eurusd from multi month high not seen since before Trump winning presidency. On Weekly chart , You can see the pair reversing from bearish trend line. So , it is good to go short at current level around 1.12$ with Stop loss on weekly close above the trend line. The target of the correction will be around 1.0930-1.10$.... And there is a gap not filled yet between 1.0720-1.0820$ , So it might be targeting to fill this gap.