Tag - eur

We’ve got a bearish “Three Methods” on the nearest “Window”. If this pattern confirms, this “Window” is likely going to be broken.

Trade scenarios for EUR/USD, GBP/USD and USD/JPY based on key option levels.

On the EUR/JPY daily chart, the "bears" have implemented the targets on the short positions and reached support at 117…

We’ve got a pullback from a support at 1.0629, so a “V-Bottom” pattern has been formed.

The yen, bonds, and gold favored havens in times of stress, strongly bid after big news of the US launching 59 missiles against Syria’s Shayrat air base in response to a deadly chemical attack in a rebel-held area on Tuesday…

There’s a possible flat pattern in wave (ii). Therefore, bulls are likely gong to deliver an impulse in wave c of (ii) during the day.

The lower “Window” has acted as a support, so the market is likely going to test the 34 Moving Average in the short term.

ECB Governor Mario Draghi made a scheduled speech earlier today…

Bears faced a support at 1.0639. Also, there’s a “Triple Bottom”, so the market is likely going to rise towards the 34 Moving Average.

Traders were toiling like galleys slave overnight as there were plenty of economic releases that led to some intraday moves…

Expanding bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen and narrow channel of Tenkan-Kijun; the prices are under the Cloud and negative area, but there is a strong support on 1.0650/60.

As we can see on the one-hour chart, there’s a bearish impulse in wave (i). So, we could have wave (ii) in the short term.