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201d and the EURUSD leads this group as the most traded pair in the world. EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999. USD just made fake break of key level 1. 1554 — it’s 6 months low where most of the people hide their stop’s.
As you know big players respect such levels that’s why, it is a time for long — term buy. Dear followers, In the last couple of days I saw a lot of traders are going long on EURUSD pair. I posted a chart when EU was 1. 16488 on one of the top trader’s post as I think many are going to get rekt.
Since then, it has dropped around 80 pips. EU is still in a downtrend – lower lows and lower highs. EURUSD , day , completed Impulsive wave , wave 5th failure Corrective wave should be strong down to sub-wave 2 of wave 5 and continued down to 61. EUR now and set SL below the D point. EUR, now is the time with a tiny SL. Here you are the next step for EURUSD.
29 MAY 2018 The high intensity down trend remains in play. Major support is however coming in range around 1. Overall, some consolidation or short-covering is expected. This chart is still a bear – for that demand even to hold price will need to start making a higher high on the daily, 8hr, or 4hr – not only make a higher high but close higher. If it can do that, the targets above would be seen as retracements till price proves this bottom will hold. Hello there, as you know this candle it is bin bar and it shows the price it will reversal, EURUSD So from that, we think the price it will go to those points as it is shown in our chart.
The US dollar continues to strengthen and a strong downward trend is formed on our chart. At the moment the pair is testing new levels. Technical indicators also indicate a sale. We expect the pair to continue its downward movement and the next level will be 1. Therefore, we recommend taking short positions on this instrument. Price is showing a significant rejection really close to the 1. This might form up a double bottom in the trading session tomorrow.