Forex Signals - EUR/US

EUR/US: on the current price at 1.1210 and the earlier price action, the direction of the EUR/USD the rest of the day is likely to be determined by trader reaction to an uptrending angle at 1.1239 and a downtrending angle at 1.1209.Happy Forex Signals

Forex Signals - EUR/US

The EUR/USD is currently trading at 1.1177. The upside momentum suggests traders are likely to make a run at the next long-term downtrending angle at 1.1212. We could see a technical bounce on the first test of this angle, but it is also the trigger point for another acceleration into the main top at 1.1299. Happy Forex Signals

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Forex Signals - EUR/USD (Euro to Dollar) Forecast

EUR/US holding 1.0932 could trigger an intraday rebound rally back to 1.0985 then 1.1022. There is plenty of room to the upside if this price is taken out since the next resistance doesn’t come in until 1.1142.

If 1.0932 fails as support then look for a fast move into an up trending angle at 1.0881. We could see a technical bounce on the first test of this angle. It is also the trigger point for an acceleration to the downside with the next major target 1.0819. Good luck!

Forex Signals - GBP/USD Fundamental

Looking ahead to the rest of the day, apart from the NFP and wages data, we also have a few Fed members, including the Fed Chief Yellen, making a speech today and all these events should guarantee enough volatility in the markets. A break of support could open up 1.28 in the pair while some bad data could open up 1.30. Happy Forex Signals

Forex Signals - EUR/USD Technical Analysis

Based on the current price at 1.0914, the direction of the EUR/USD today will be determined by traders reaction to the main Fibonacci level at 1.0932.

Sustained move under 1.0932 will indicate the presence of seller postions. The daily chart indicates there is plenty of room to the downside with the next target a support cluster at 1.0821 to 1.0819.

Overtaking 1.0932 will indicate the buying is getting stronger. Taking out 1.0950 could trigger an acceleration into the long-term downtrending angle at 1.0996.

Watch the price action and read the order flow at 1.0932. Trader reaction to this level will set the tone for the day. Happy Forex Signals

Forex Signals- EUR/USD Awaits News Providing Technical Direction

Eur/US despite the last 6 sessions of consolidation, the EUR/USD remains in a short term uptrend. As displayed in the graph below, the pair remains trading well over both its 10 day EMA at 1.0854 and 200 day MVA at 1.0772. If prices continue to go higher, traders should watch for the EUR/USD to remain supported above 1.0854 and attempt to breakout above last week’s high of 1.0951. Alternatively if the EUR/USD breaks out lower below 1.0854, traders should look for the pair to test last Monday’s low of 1.0820. Happy Forex Signal