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Author Topic: EUR/USD  (Read 166394 times)

Offline Eliza Abrams

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Re: EUR/USD
« Reply #795 on: May 22, 2021, 01:01:32 PM »
It failed to break out above the resistance but that still may occur next week.

Offline fxopen78

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Re: EUR/USD
« Reply #796 on: May 24, 2021, 09:16:27 PM »
Price move on the range I think, if draw the line, it could like the box, if break high will possible to continue bullish, now the price on high 1.22153 at FXOpen chart, let see what happen later, it possible will try to retest the resistance level

Offline Eliza Abrams

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Re: EUR/USD
« Reply #797 on: May 25, 2021, 12:05:48 PM »
The move north continued today, finally! I think we may see it rally to 1.2300.

Offline Eliza Abrams

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Re: EUR/USD
« Reply #798 on: May 26, 2021, 12:45:52 PM »


It found some resistance at 1.2260 but I think the move north will likely continue eventually.

Offline fxopen78

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Re: EUR/USD
« Reply #799 on: May 26, 2021, 11:10:30 PM »
The pair still wavy, although the price success to break high and formed a new high, then bounce back and land to the daily low again, it's possible to continue bulls today, but need to check the news schedule today

Offline Eliza Abrams

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Re: EUR/USD
« Reply #800 on: May 27, 2021, 12:27:13 PM »
The consolidation continues today too. I think there won't be a breakout above 1.2300 this week.

Offline fxopen78

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Re: EUR/USD
« Reply #801 on: May 27, 2021, 11:36:55 PM »
Its formed Doji candle as indecision candle, its represent buyer and seller in balance, the next scenario possible price if break low then the price drops, but based theory Mc Ginley indicator the line now as strong support

Offline Eliza Abrams

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Re: EUR/USD
« Reply #802 on: May 28, 2021, 11:19:10 AM »
As I thought, the pair remained as undecided as yesterday. I doubt there will be any changes this week.

Offline Eliza Abrams

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Re: EUR/USD
« Reply #803 on: May 31, 2021, 01:36:09 PM »
It looks like the doji candle was a sign for a new move north.

Offline fxopen78

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Re: EUR/USD
« Reply #804 on: June 01, 2021, 01:04:50 AM »
Doji candle confirmed as a signal for buyer pressure, and yesterday the signal is valid, price move to going up
maybe the next target is resistance at the previous high of 1.22568

Offline Eliza Abrams

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Re: EUR/USD
« Reply #805 on: June 01, 2021, 12:10:31 PM »
The resistance is, indeed, around 1.2250. So far there is no indication for a breakout though.

Offline drunkfx

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Re: EUR/USD
« Reply #806 on: June 01, 2021, 07:20:53 PM »
The resistance is, indeed, around 1.2250. So far there is no indication for a breakout though.

How did you determine that? There is good fundamental background in Euro currently and it is weak USD

Offline Eliza Abrams

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Re: EUR/USD
« Reply #807 on: June 02, 2021, 12:58:17 PM »

The resistance zone is around 1.2250 - 1.2270. It has tested it several times. Clearly it can't break out above it.

Offline fxopen78

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Re: EUR/USD
« Reply #808 on: June 02, 2021, 11:53:07 PM »
Take a look at the pattern, like as quotation, the price history repeats itself
seems the pin bar pattern appear again, let see what happen later, probably rise or rejection

Offline Eliza Abrams

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Re: EUR/USD
« Reply #809 on: June 03, 2021, 11:44:35 AM »
Perhaps. I am not at all certain how it will develop here so I am not really trading it at the moment.

 

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