EUR/US Trading

Move over 1.1610 will indicate the presence of buyers. If this creates enough upside momentum then we could see a rally into the 50% level at 1.1702. Since the main trend is down, we could see sellers come in on a test of this level to stop.

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EUR/US - Forecast

A sustained move under 1.1850 will indicate the presence of sellers. This could lead to a quick break into a steep uptrending angle at 1.1828. This angle has guided the market higher since October 6.

EUR/US forcast

With current price at 1.1783 and the earlier price action, the direction of the EUR/USD the rest of the session is likely to be determined by trader reaction to the uptrending angle at 1.1801.

Move under 1.1801 will indicate the presence of sellers. The daily chart indicates the next target angle comes in at 1.1731. This is the last potential support angle before the 1.1661 main bottom. Happy Forex Trading

EUR/US - Forex Trading

This EUR/US pullback should be healthy for the longer-term buying opportunity. I still have a longer-term target of 1.25, but it may take some time to get there. happy Forex Trading

EUR/US Trading

A sustained move over 1.1947 will indicate the presence of buyers. This could create enough upside momentum to challenge 1.2070 then 1.2166. Happy Forex trading.

EUR/USD - Trading

Sustained move under 1.1786 could trigger an acceleration to the downside if selling volume increases on the move.