Tag - eur

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market bounced from the top border of the Cloud and Bears may continue selling.

In the absence of the news catalysts over the weekend, the market moves were subdued in Asia today…

EUR/USD reversed from support area Next buy target - 1…

The CFTC’s Commitment of Traders report (COT) shows that speculative longs on the euro have reached extreme levels…

The price is still consolidating under 4/8 MM Level. The main target for wave (i) is 3/8 MM Level, which could be a departure point for...

The lower "Window" acted as support once again. However, we've got a "Shooting Star" on the 55 Moving Average.

Recommendation BUY 1…

The price is consolidating near the 55 Moving Average. It seems like bulls are going to test the 34 MA.

We've got a pullback from 4/8 MM Level, so wave 2 may have been formed. Also, wave (i) is about to end, so...

The 55 Moving Average has acted as resistance, so we've got a bearish "High Wave" on this line.

The 89 Moving Average has acted as support, so we've got a bullish "V-Bottom". Therefore, the market is likely going to...

As we can see on the one-hour chart, there's a possible wedge in wave (i). Wave iv is likely going to end soon.