EURUSD, “Euro vs. US Dollar”

he H4 chart of EUR USD shows a correction within the downtrend. Three Line Break chart indicates the downtrend; Heiken Ashi candlesticks confirm that the correction continues.

At the H1 chart of EUR USD, Morning Star pattern indicates that the correction continues. Three Line Break chart shows the downtrend; Heiken Ashi candlesticks confirm an ascending correction.

Source: RoboForex

During a fast ascending correction, Eurodollar reached retracement 50% and then rebounded from it. Right now, the market is being corrected. Apparently, in the nearest future the price may resume falling towards the lower group of fibo-levels.
As we can see at the H1 chart, the lower target area is confirmed by local retracements. The pair may break the minimum reached earlier within the next several days and continue falling. I’m planning to open another sell order when the market completes the current correction.

Source: RoboForex

The H4 chart of EUR USD shows a bullish tendency. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.

The H1 chart of EUR USD shows a descending movement, which is indicated by Engulfing Bearish and Tweezers patterns along with Three Line Break chart. Heiken Ashi candlesticks confirm that an ascending tendency continues.

The market continues testing the 6/8 level. Earlier the price started a correction from the 2/8 level, which means that the market may resume moving downwards. This is why I keep holding my sell order.

The lines at the H4 and H1 charts are completely the same. The pair hasn’t been able to stay above the 6/8 again. I’m planning to open another sell order as soon as the price breaks Super Trends and stays below them.

The market has rebounded from the 6/8 level once again and been able to stay below the H4 Super Trend. During a local correction, I opened another sell order and plan to increase my positions after the pair breaks the 4/8 level.

As we can see at the H1 chart, Super Trends have formed “bearish cross”. Possibly, in the nearest future the price may break the 0/8 level and continue falling inside “oversold zone”. In this case, the closest target will be at the -2/8 level.

Source: RoboForex

The market has rebounded from the 6/8 level several times and been able to stay below the H4 Super Trend. Possibly, Super Trends may form “bearish cross” quite soon. During a local correction, I opened another sell order and plan to increase my position after the pair breaks the 4/8 level.

As we can see at the H1 chart, Super Trends have formed “bearish cross”. The closest target right now is at the 4/8 level; bears may break it and continue falling. I’m planning to move the stop loss on my current order to break even when the market breaks the minimum.

The H4 chart of EUR USD shows an ascending movement, which is indicated by bullish Harami pattern. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.

As we can see at the H1 chart of EUR USD, the price faced resistance from the closest Window. Shooting Star pattern indicates a possible bearish pullback from the resistance level of the Window; Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement.

Source: RoboForex

Eurodollar is still moving in the middle of the H4 chart. Possibly, Super Trends may form “bearish cross” in the nearest future. The pair will continue falling towards the 0/8 level as soon as it is able to stay below the 3/8 one.

As we can see at the H1 chart, after rebounding from the 0/8 level, the pair has started a correction. Probably, in the future the price may test the 2/8 level: if it rebounds from this level, the downtrend may continue. If the market is able to stay below Super Trends, the next target will be at the -2/8 level.

Source: RoboForex

Yesterday EURUSD pair made a correction down wave through to 1.0868 level. So, I guess this pair will go upward soon. But it should settle above the last High(1.0968) at first.

Apparently the pair did not have enough potential to continue bullish trend and the price had stopped at the level of 1.0915, the pair is into a flat, the last hour candle indicates a bullish march. Based on the currency movement, we can expect the north direction, currently we see the flat over the European session.

As for EURUSD pair, yesterday the final fifth wave down was not allowed, the price fell only to the level of 1.1121 and went up in the correctional fourth wave, approached the area of ​​balance of ascending Andrew's pitchfork, is the level of 1.1247, I expect the turn to the fifth wave down

The pair is traded on a sloping support line, from which it can grow to the resistance level 1.1215 and then to the resistance level 1.1265, which is sloping resistance line. Trading will continue in the framework of this triangle, until the price exits to consolidate beyond the triangle.

The second day in a row the currency pair EUR/USD spent in the 8th figure, not daring to choose a direction. But the indicators on H4 still point to the fact that today the pair is considered for purchase to resistance levels 1.0906 and 1.0937. Levels of support today are at 1.0855 and 1.0824.

As for the euro / dollar, correction began and the daily timeframe has formed inside bar pattern supported by the level 1,1100. I expected a continued corrective donward movement, I think that the price will not bounce from the level of 1.1100 and will go below the level of 0.0980, and from it we will have to wait for the signal to buy on smaller timeframes intraday.

01.03.2016 21:45 GMT+1 - EUR/USD Intraday: the downside prevails.

Pivot: 1.0892

Our preference: short positions below 1.0892 with targets @ 1.0810 & 1.0785 in extension.

Alternative scenario: above 1.0892 look for further upside with 1.0915 & 1.0940 as targets.

Comment: the RSI calls for a drop.

EUR/USD is forming into bullish trend with support level at 1.1176, if it remains above that then we could see 1.1350 level been crossed fairly rapidly over the next few days, but we must remember to go long only till it’s above 1.1176 since below that and it will be clear sign of bearish trend.

EUR/USD pair started the week on slight positive note, but soon the plug was pulled and we saw it drop down under 1.10, so it will be interesting to see if it remains there, but we can support the pair to challenge 1.13 at some point during next week.

EUR/USD went down after NFP reports and closed out at around 1.1082, it’s good chance to have a go at long with no clear trend set for upcoming week, it could challenge 1.12 this week before pulling back inside.

EUR/USD went downhill after NFP data was released and dropped around 100-120 pips while the pressure has been mounting quite high which signals for further bearish trend to ride on in coming week.

EUR/USD remained neutral throughout the week with riding between 1.13/1.12 level, it’s likely that we may see the pair continuing on similar trending since there isn’t any clear direction as per yet, so we will see things continue like this only.

The week was somber for USD this week and its traders adopted cautious approach. There was no respite for USD selling/weakening, which though in October was on the rise. In a week preceding the US elections, the biggest risk event, all the other economic data/events were mostly ignored or had limited impacted. Needless to say, this pair rose and would further rise if Trump gets elected.