EUR USD continues the incredible breakout – eyes the session high! Check out our EUR USD technical!
In this article we will guide you and show you through our EUR USD technical analysis.
Monthly has a target at 1.10149 – 400 pips below the current position. The rsi and cmo are just under the sell zone. Once it reaches the sell zone then a sell trade on this time frame is in order.
Weekly has one target at 1.10368 – 375 pips below target. The rsi and cmo is just below the sell zone . Once it reaches the sell zone then a sell trade should be considered.
Daily has three targets. The first target is at 1.13774 – 31 pips below current position; the second target is at 1.12976 – 115 pips below the current price; the third target is 1.12373 – 170 pips below the current price. The rsi and cmo are just below the sell zone. One it reaches the sell zone a sell trade should be considered.
Traders with profits with the EUR USD
If you are following “Rocket Fund” on Zulutrade you have probably noticed that he is trading a lot with the EUR USD currency pair.
He claims to trade mostly on the 1 Hour charts. Two major reasons why Rocket Fund likes trading the EUR/USD on 1 Hour charts are:
- that it is the most liquid forex market pair with two major economies.
- and it has tighter spreads then other forex pairs.
Do you have any questions regarding EUR USD technical?
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EUR USD in the news
EUR/USD succumbs to dollar rule, depressing overseas news outweighs Europe opening up.The euro is beginning to crack down, according to FX Street.
The break of the 1.1000/20 range has led to non-stop buying and today has been the best day yet. The bears attempted to sell EUR/USD after the statement and again after Lagarde’s press conference but now the pair is just a few pips away from the earlier high of 1.1362.
There isn’t much now blocking a return to the March high of 1.1495 according to Forexlive.
The Euro has dropped a little bit during the trading session on Friday after initially shooting straight up in the area again.EUR/USD Price Forecast – Euro Stalling After Parabolic Move
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