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 1.10151 – 653 pips below the current position. The rsi and cmo have left the buy zone on their way to the sell zone. Once in the sell zone confirmation of a sell is needed before placing a trade in this time zone.
Weekly has three targets. The first target is at 1.17049 – 45 pips above the current position; the second target is 1.15718 – 95 pips below the current position; the third target is at 1.13943 – 271 pips below the current position. The rsi and cmo are just under the sell zone indicating further up movement. Once they are in the sell zone, look for a sell trade.
Daily shows a target is at 1.17241 – 61 pips above the current position. The rsi and cmo under the sell zone indicating there is further up movement to come before they hit the sell zone.
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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