This pair represents the world two largest economies and has faced most volatility since the inception of the euro in Details on the chart. Sign up for Xmas The weekly supply-turned support zone at 1. For this reason, we believe the On the monthly chart, a possible Head and Shoulders pattern has formed a while ago Now looking for a break upwards or a test of these levels of interest followed by a downward move. Possible events that could EUR does overall look set-up for slightly more upside over the first couple of days though.
Here is another Bearish outlook for this pair. Just like the first one, where we are currently doesn't really shed light on where this pair is going next. All Trade Parameters shown on the chart. Long setup in daily Demand. We trade the weekly uptrend. Personally I am waiting for bearish butterfly blue with "D" point at round 1. I will be closing the rest of the position soon and will try to catch one of these patterns. There is also a big bearish bat pattern As we can see, the pair still moving inside the downtrend channel.
If this will continue for the next week to, the the possibility that wave ii has completed, will be very strong. The price is going to hit a bullish trendline and make a pull back!
Also, at this level D point , the price is going to face a resistance area and complete the Bat Pattern. Be strong and of a good courage; be not afraid, Price climbed back to the critical resistance zone once again.
Could go either way. Show More Ideas 1 2 3 4 5 From the creators of MultiCharts. Select market data provided by ICE Data services.More...