EURUSD Likely To Find Buffer At 1.10977Fibre's fall most likely to find a buffer at 1.10977 or the trendline starting from December.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Fibre
Any Price Rejection Will Drag Fibre Down On The DailyHappy New Year to everyone. Wishing you all a Prosperous 2020!
EURUSD is showing extreme optimism on the daily timeframe, any price rejection any moment is likely to pullback price to support level
NB
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Fibre May Rally To 1.1300 In The Next Couple Of WeeksIf we see EURUSD pulling back early next week, there is high probability the currency pair is gathering momentum to violate the swing high at 1.1200 and if that happened, then 1.130 will be exposed as the next target.
FIBRE Now Eyeing Daily Trendline For A ReversalEURUSD outlook on H4 is completely bearish having violated support at 1.11000. The pair likely may re-test the new support in coming days and if found strong enough, the downtrend will continue towards the daily trendline started early October.
Fibre On Correction To Re-test 1.10964 & 1.11070 Before A RallyEURUSD now on H4 correction while higher timeframe is still bullish. Price likely to re-test 1.0964 or below before making another attempt to rally. GBPUSD which is now bearish on daily is a major risk for EUR. In such case, there will be a risk reversal at a shallow level at 1.11569.
EURUSD Long based on DXY WeaknessNFP last week took out stops and caused some panic. I am expecting this to be settled this week with the longer term outlook coming back into play
Looking at the dollar I am expecting a reverse in Fibre as outlined
Fibre Testing 1.1000 Region Is Still A Bullish TradeAny rejection setup around the 1.1000 region will invites more bulls into EURUSD pair.
EURUSD Long SetupI will be waiting for fibre to retrace into this area Tues/Wed for a further run up - Careful as there is also fomc this week
but fibre is extremely bullish with the weakness in the dollar
I am Bullish Bias On Fibre As Market Opens In DecemberDepending on how market opens in December, on H4 I have bullish sentiment for EURUSD. A wide gap below the swing low at 1.09812 will change the dynamics of this setup, but any opening above is fine with little or no adjustment.
One Last Leg For Bears To Drag Fiber DownBulls are still dominating EURUSD pair on H4, however, when price rally to 1.10755 batons likely to be passed on to the bear who will then have their final move on the pair...
Fiber May Have Found Support on H4With EURUSD finding it difficult to go below 1.1000 it probably could have found a support at this level to begin another turn of uptrend...
It's Time For Fibre To Re-Test 1.0930 Level EURUSD is going lower, as the pair making lower-low with strong bearish candle. Expecting the pair to re-test 1.0930 level to see if it could possible hold the price or violate it. Any rejection at 1.093 will indicate possible reversal to the upside
If Fibre is in an Extended Falling Wedge Then Reversal is Here..EURUSD has been in series of Lower-Highs and Lower-Lows on H4 after impulsive wave run to 1.11775. The pattern of the decline is much of corrective bullish falling wedge. Expecting bulls to start attacking the corrective wave from 1.10622 which is close to our expected profit target as shown in our Oct 22 post:
It's Time for EURUSD to PullbackThe fibre is showing evidence of price weaknening on H4 which could possibly drive the pair down to a next support...
ORBEX:GBPUSD, EURUSD, USDCAD - Exit Or Extension? Trudeau Wins!In today’s #marketinsights video recording I analyse #GBPUSD, #EURUSD and #USDCAD!
Another failed Johnson attempt to get Parliamentarians to vote supports the #pound as now chances of an extension increase! Both an October exit (highly unlikely) or an extension could see mainly #pound and in a smaller degree #euro gain.
Meanwhile, in Canada Trudeau won the elections again! This is likely to weigh on technicals more as fiscals are going to remain unchanged..
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Fibre Likely to Re-test 1.09762 before a Rally Or ConsolidationIt's no news that EURUSD market sentiments has shifted to bullish, however, before another impulsive or corrective wave could be witnessed, it is necessary for the pair to re-test a support - Between 1.09405 and 1.09795 level is in view
Fibre Keeps Hitting & Weakening this trendline...Everytime EURUSD touched the downtrend line, it keeps bouncing back. It has happened 4 times in the recent past on H4. One or two more time, the pair is likely to violate this trendline and commence another impulsive wave to the upside. However, the sentiment could change bearish if the uptrend line is broken and price can keep going down...
Despite unchanged Interest Rate, Fibre Is a BUY...EURUSD rejected all attempt to bring it lower below 1.09260 and it's now poised for a rally above 1.12000
FREE SIGNAL BREAKDOWN!!! EURUSD We see a bounce on good data earlier today, however the ECB remain keen to follow their dovish outlook on the EUR. We smell a rate cut in 2019!
Lets see what Draghi has to say at this evenings annual conference in Sintra!
Eyes still on Wednesday's FOMC meeting!
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