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Euruusd

EURUSD approaching support, potential bounce! EURUSD is approaching our first support at 1.1627 (horizontal overlap support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing g price up to our major resistance at 1.1727 (horizontal pullback resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). A breakout above our intermediate resistance at 1.1660 (61.8% Fibonacci extension) might provide the bullish acceleration to our major resistance target. RSI (21) is also seeing a bullish exit and we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Long
by ICmarkets
1
18TH - 22ND JULY WEEKLY WRAPUP & UPDATES (PT.2) I release a Weekly Wrapup & Update every week to all my subscribers on my website. I am re-posting it here but in a limited form due to posting restrictions. I am also splitting this post in parts as it is too long to post in one post. So this is Part 1 of this post. Look for Part 2 & 3. if you have interest in seeing the rest of it. If you want the complete post including more detailed 4HR charts, please go to my website to get it. Weekly Updates are free. As noted on each pairs update, if there is any additional analysis available on it, it will be available on my website. PM me for details on how to read the FULL posts ANNOUCEMENTS NEW! I am always seeking to improve this service and give you more tools to help you in your trading. For the past weeks, I have been testing adding INTRADAY updates on markets as I see action in those markets that may offer trading opportunities or to caution you against taking trades. These intraday updates are ONLY available in the private subscriber's chat rooms so as to post them in REAL-TIME. This will now become a regular added benefit to all paid subscriber's. If you are a current subscriber, you do not need to do anything. Just make sure you are registered into the private chat rooms in your Skype. If you are not, please contact me to get registered. Trial subscriptions are still available at 50% discount! But this offer may end at any time. EURUSD - LONG Still very messy price action. It headed down this past week following a test of that uptrending midline (red). I am expecting that prices should remain in a pretty unpredictable pattern for awhile and should see prices head up again and make a second test of that midline before finally falling to complete the wave B. Read my just released post on this pair: (F) EURUSD : Change In Outlook And Wave Count Shows More Bearishness (Free post. No subscription required) USDCHF - SHORT This past week saw this pair continue to make its way up towards the upper TL of that ExD completing the wave (b) and/or that leg D of the ExD. We are SHORT right now for a small retrace before another final leg up into that TL. NZDUSD - NEUTRAL This past week saw this pair continue the drop that was started the week before. This bearish follow through is a good signal that that will be more downside to come. But there could be a retrace coming first. GBPJPY - LONG Last week saw this pair make some very significant price action that could be signaling a MAJOR shift in the trend. But we need to be careful in that although there was a strong bullish signal, it could be a false one as if often the case when there is a MAJOR shift coming. We are currently LONG on this pair for another move higher. Read my SPECIAL REPORT and UPDATE on this pair for more details. Get my SPECIAL REPORT on this pair: (P) GBPJPY Special Report: The Low Is Very Likely In! and the recently released SPECIAL REPORT Update: (P) GBPJPY ***SPECIAL REPORT*** Update: Don’t Be Impatient! (Premium subscription required. Get detailed DAILY updates on this pair and many more! Subscribe here to read it: Get 50% discount Premium Trial offer )
by EverythingForex
2