EUR/USD - It looks creating Head and Shoulder formation on 4H. Currently the pair is "painting" the right shoulder and according the "big books" confirmation would be below 1.11655
Me personally will not trade it.
Re: EUR/USD
32I'm glad your position closed at a profit, rather than a loss.blackking wrote: Thu May 25, 2017 10:33 pm Yes eventually eurusd not hit my target but still on lucky already closed on stop loss in profit because when order on floating profit then modify stop loss
I, personally, don't plan on opening more EUR/USD positions this week.
Re: EUR/USD
33EUR/USD - Zone between 1.1170/77 looks good for some scalps with tight stop and targets around 1.1180/95
Re: EUR/USD
35EUR/USD - In the choppy limited by 1.1160 and 1.11894. Breaking some of them may show the direction in short term, but looking the volatility maybe we ma see some false breakouts.
Re: EUR/USD
36It will likely be this way until the Non-Farm Payrolls on Friday.FrancoisT wrote: Tue May 30, 2017 12:26 am EUR/USD - In the choppy limited by 1.1160 and 1.11894. Breaking some of them may show the direction in short term, but looking the volatility maybe we ma see some false breakouts.
Re: EUR/USD
37EUR/USD - We had nice movement today. Yesterdays range was due to bank holidays and reduced volatility. This may happens prior NFP on Friday
Re: EUR/USD
38Tomorrow are the US Non-Farm Payrolls, there likely won't be a big movement before the news come out.
Re: EUR/USD
39Rebound from 1.1250 may lead to double top forming on 4H chart, but this also will depend on how the NFP data tomorrow will came out.
Re: EUR/USD
40I am definitely staying away from the market and not opening new positions before the news come out.