Eur/usd - page 624
Bullish for now. Next target: 1.1470.
Below 1.13 it will most likely reach a double bottom from June 2017 at 1.1115.
The pair is nearing important resistance - 1,1600, so I'm going out of the market.
The EUR/USD continued its inertia yesterday, reaching a peak at 1.1622, but traded lower during the Asian session, hitting 1.1542. Expectations are neutral, probably with slight downside signals for testing the support at 1.1500. Overall, the price is still in the upward correction phase, but the 1.1570 - 1.1630 remains a good place for short positions with narrow stops above 1.1630. Downwards, a clear breakthrough of at least 1.1500 is required for a potential end of the current bullish correction phase and for keeping the main bearish trend in place.
GBP/USD forecast
Current short term Forecast
Daily trading ideas
EUR/USD: A correction to 1.1600 is on the agenda. Then: 1.1650. At least.
I'll be looking to sell at 1.1790, it looks like a good opportunity with a tight stop.
EUR/USD: 1.1720 is a good resistance. The possibility for some downside correction is good. I'll wait to see.
Pretty much nothing interesting happened to the pair this week.
The week has ended negative for the EUR.
It's time for correction, I believe.
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