Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
Another EUR/USD Trade!
Information is not investment advice
4H Chart
Daily Chart
We sent out a signal yesterday to long EUR/USD between 1.1765 and 1.1750 with a stop at 1.1725. Unfortunately, the euro ended up the day at a 1.17 support area, triggering our stop loss. Such move comes despite the negative US retail sales data, which came in worse than expected, while all the prior data has been revised higher, which triggered a stronger USD. However, EUR/USD is holding well above 1.17, with a possible double bottom on the daily chart. Therefore, another long position at 1.1710 is worth the risk, with a stop at 1.1685, targeting 1.1748 followed by 1.1760 for now.
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 1.1582 | 1.1658 | 1.1684 | 1.1734 | 1.1760 | 1.1810 | 1.1886 |
Nour Eldeen Al-Hammoury
Similar
New EUR/USD Trade
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
USD/JPY: Take Your Profits
USD/JPY declined further during yesterday’s trading, reaching as low as 109.36, while our short signal from 110.20 is still active and is giving us over 80 pips.
Popular
Gas and Oil Are at Record Highs
A combo of strong demand and poor supply has sent oil prices to the high unseen since 2018. Gas is at record highs as well.
EUR/USD trades just north of 1.17
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now testing the upper level of the Kumo…
Carnival is Leaving the Dock!
On Thursday, September 23, shares of Carnival had jumped a solid 3% after the cruise line announced it is on track to have 50% of its fleet sailing again by October, and 65% by the end of the year. So what? Read the article to find out!
Choose your payment system
