Only charts

 Bears have been dominant on eur/usd since mid October , , However , there is a new bullish trendline is in formation since mid November after finding the low at 1.1210$. Those who have been trading euro for the last 3 years , will definitely recall that famous resistance and support area in early 1.12$ and it has proven its reliability once again. Euro rallied on friday after Non farm payroll report which missed the forecasts while unemployment cam flat at 3.7% , However , the bearish trendline stood still against this rally and euro gave back those pips to fall again to 1.1390$ from 1.1425$ . Euro may find support again at 1.1330$ area where it may meet the red bullish trendline . On the upside , breaking the bearish trendline will open space for retesting 1.1520$ again. I recommend going long again from 1.1375$ area .

The pair has reversed sharply from 1.1740$ to 1.1580$ . The pair is showing some strength at this area. The pair is firm and trading at 1.1614$ currently with next resistance at 1.1640$ area. So keep in mind those levels 1.1580$ and 1.1640$ acting as support and resistance respectively. Below 1.1580$ , the pair would be extremely bearish while bullish above 1.1640$ area. I recommend not taking any position now and waiting for the pair to trade at any of those areas and initiate a long or short position near the support and resistance respectively. Remember , Dont rush into trading , wait for a good opportunity and maintain a stop loss and risk reward ratio.

Eur/usd found some support after NFP payroll release which gave some strength to the US dollar . The support came at 1.2435$ where 61.8% fibonnaci level for the move from 1.2385$ to 1.2520$ . The pair bounced slightly to 1.2456$ at the time of writing , most probably it is a dead cat bounce and we will continue to fall sharply towards 1.2260$ area.

The pair rebound from support area at 1.2385$ but recovery stalled at 1.2420$ area , the pair may have some room towards 1.2440$ but bias remains bearish after yesterday reversal. You can short the pair at the moment with target 1.2360$ area and exit if we break above the bearish trendline shown below

EUR/USD gave back all the gains it made this week and reversed sharply falling to 1.2390$ at the time of writing The pair will find resistance by the bearish trendline and would be a good chance to short the pair again at 1.2410$ targeting 61% fibonnaci retracement (move from 1.2160$ to 1.2520$) where it will be around 1.2305$ . A break below 1.2305$ will expose 1.2260$ support area where the pair might rebound from to retest the area at 1.2360$ .

If eur/usd managed to close this week above 1.1240$ then we will see it at 1.1450 within few days.Eur/usd is still bullish on the daily chart and there is no sign of pause for the rally at the moment. After soft jobs data for united states today , euro and gold are rallying and breaking strong resistance areas. Both may keep the bullish rally if this week closed at current trading areas 1.1280$ and 1276$ I will be updating after markets close. However currently I am on short side for euro unless we close this week above 1.1240$ ....

After releasing data of chicago PMI , dollar weakend on the board versus euro and sterling. Chicago PMI was then revised to 59.2 from 55.2 versus 58 in april so the dollar reversed and euro dropped back to 1.1230$ area which it was trading at before the news. So the pair is signaling a reversal again after reaching daily high at 1.1252$ Shorting euro against the dollar at current level will be very profitable and safe trade as long as we dont close above 1.1250$ on weekly basis. Was that a russian hack as well? Zerohedge thinks so but if that is the case , then fx markets are at big risk.

Ahead of the ECB meeting today and the expectations of what mario draghi will decide for the QE program. I would like to make a fundamental prediction here. Draghi is destined to bring the euro down , so I am expecting that draghi will disappoint the markets and we will see a  phase 2 of euro depreciation. The target of the coming phase will be 0.96$ as first target and may be final target as well before we see the euro heading back to 1.26$ Thank you all for you time and wish you all profitable trading

This is what I think that #eurusd is going to make. I have predicted that the pair will fall 300 pips or more after the US elections and that happened . The pair was trading at 1.10$ before the election night and fall to 1.0565$ , that is 430 pips approx. The second part of my prediction which is based on historical analysis and I hope that it will be fulfilled as well ; is that the pair is going to rally almost 1500   pips in less than 3 month. SO basically I expect the pair rally to 1.22$ level and ultimately 1.28$ Ofcourse we might see the pair pulling back from 1.22$ area to 1.1450$ area and then resuming the rally to 1.28$ That is my forecast for the euro/dollar and that was based on historical analysis which might prove wrong because of some different factors. However from technical analysis , I think the pair has got some powerful support in that area and I dont think we will be falling behind this area of 1.0560$ If the pair broke below that area , we might actu...

The pair has pulled back slighlty after rallying on friday on back of FBI investigating hillary clinton emails again. Euro rallied almost 60 pips after the news and pulledback to previous resiatance area at 1.0940$ The pair might be taregting 1.10$ as first target if that area holds. Stop loss would be on 1 hour close below 1.0940$ or 1.0920$ where trendline might lie and provide some support..

EUR/USD is not able to close above a trend line coming down from multi year low at 1.0520$ shown below .. ALSO , the stochastic oscillator indicator is giving a bearish signal as it had made a negative convergence which happens when the pair makes a higher high while the indicator makes a lower high... Pulling back from 1.1360 $ would be a sign of further weakness to come , I would put my first target at 1.1220 , then 1.1060 before we see a break of the support trend line coming from 1.0520$ A break below this line would bring 1.0780$ to your screens again For updates on that trade and new trade ideas , follow me on twitter : @boriology Happy profitable trading for you all.

I am looking forward to see #eurusd trading below 1.08$ over the coming weeks. The pair is still unable to break above the trendline from 1.1640$ , the pair just touched the line today at 1.1220 to prove this area to be tough resistance before falling back to 1.1160$ currently. The pair has strong support line coming from 1.0520$ , so area of support lies at 1.1000$- 1.1060$.. Selling the pair is highly recommended with stoploss to be executed on daily close above the trendline. For the targets , first target lies at 1.0790$ area , while second target lies at 1.0520$ . Happy trading !!!