EUR/USD Forex Signal: Retest of Last Week’s Low Likely
The pair will likely resume the downward trend as bears attempt to move below last week’s low.
Bearish View
Set a sell-stop at 1.1895 and a take-profit at 1.1848 (last week low).
Add a stop-loss at 1.1950.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 1.1955 and a take-profit at 1.2053 (38.2% retracement).
Add a stop-loss at 1.1900.
The EUR/USD retreated slightly during the overnight session as investors reacted to Jerome Powell’s testimony to Congress. The pair declined to 1.1920, which was slightly lower than Tuesday’s high of 1.1953.
The pair will likely resume the downward trend as bears attempt to move below last week’s low.
Bearish View
Set a sell-stop at 1.1895 and a take-profit at 1.1848 (last week low).
Add a stop-loss at 1.1950.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 1.1955 and a take-profit at 1.2053 (38.2% retracement).
Add a stop-loss at 1.1900.
The EUR/USD retreated slightly during the overnight session as investors reacted to Jerome Powell’s testimony to Congress. The pair declined to 1.1920, which was slightly lower than Tuesday’s high of 1.1953.
US30 SEL 34 014.00
TP : 33 990.00
TP : 33 950.00
TP : 33 900.00
TP : 33 800.00
SL : 34 150.00
TP : 33 990.00
TP : 33 950.00
TP : 33 900.00
TP : 33 800.00
SL : 34 150.00
USD/CAD Technical Outlook: Retracement or Reversal?2021-06-24 12:30:00USD/CAD exploded last week and looked poised to continue higher, but the ...
USD/CAD Technical Outlook
USD/CAD explosion at first looked sustainable
The pullback we are seeing brings serious doubt on a continuation trade
Advertisement
USD/CAD Technical Outlook: Retracement or Reversal?
USD/CAD shot out of a cannon last week after putting in an extremely tight period of trading. The rally at first glance looked good for at least a continuation trade after a period of digestion, but that has been brought into serious question with the sharp retracement we have seen.
Yesterday, a minor reversal developed that could help floor the decline, but if we see price sink much further, then the larger than expected pullback has likely morphed into what will be a full reversal and potentially a leg towards a new cycle low.
USD/CAD Technical Outlook
USD/CAD explosion at first looked sustainable
The pullback we are seeing brings serious doubt on a continuation trade
Advertisement
USD/CAD Technical Outlook: Retracement or Reversal?
USD/CAD shot out of a cannon last week after putting in an extremely tight period of trading. The rally at first glance looked good for at least a continuation trade after a period of digestion, but that has been brought into serious question with the sharp retracement we have seen.
Yesterday, a minor reversal developed that could help floor the decline, but if we see price sink much further, then the larger than expected pullback has likely morphed into what will be a full reversal and potentially a leg towards a new cycle low.
A trade should end in one of four ways:
1. A big win
2. A small win
3. Break even
4. A small loss
You should never experience a big loss.
Join Our VIP Channel now and never miss a winning trade.
Contact us for more info on our services
@rosefx03
OUR SERVICES
🌟Accurate trading signals
🌟Training
🌟Account management
🌟Investment
1. A big win
2. A small win
3. Break even
4. A small loss
You should never experience a big loss.
Join Our VIP Channel now and never miss a winning trade.
Contact us for more info on our services
@rosefx03
OUR SERVICES
🌟Accurate trading signals
🌟Training
🌟Account management
🌟Investment
Weekly Our VIP Channel Performance👇
☑️XAUUSD BUY+100 PIPS
☑️GBPUSD BUY+ 50 PIPS
☑️GBPUSD BUY+100 PIPS
☑️NZDUSD BUY+50 PIPS
☑️EURUSD BUY+50 PIPS
☑️XAUUSD SELL+50 PIPS
☑️EURJPY BUY +50 PIPS
☑️CADJPY BUY +50 PIPS
☑️EURJPY BUY+ 100 PIPS
☑️AUDJPY BUY +50 PIPS
☑️EURUSD BUY +100 PIPS
☑️GBPJPY BUY + 100 PIPS
☑️AUDJPY BUY +100 PIPS
☑️NZDUSD BUY +100 PIPS
☑️CADJPY BUY +100 PIPS
☑️XAUUSD SELL +40 PIPS
☑️XAUUSD SELL +120 PIPS
☑️XAUUSD SELL +50 PIPS
TOTAL GREEN +1310☑️
T0TAL RED 30
☑️XAUUSD BUY+100 PIPS
☑️GBPUSD BUY+ 50 PIPS
☑️GBPUSD BUY+100 PIPS
☑️NZDUSD BUY+50 PIPS
☑️EURUSD BUY+50 PIPS
☑️XAUUSD SELL+50 PIPS
☑️EURJPY BUY +50 PIPS
☑️CADJPY BUY +50 PIPS
☑️EURJPY BUY+ 100 PIPS
☑️AUDJPY BUY +50 PIPS
☑️EURUSD BUY +100 PIPS
☑️GBPJPY BUY + 100 PIPS
☑️AUDJPY BUY +100 PIPS
☑️NZDUSD BUY +100 PIPS
☑️CADJPY BUY +100 PIPS
☑️XAUUSD SELL +40 PIPS
☑️XAUUSD SELL +120 PIPS
☑️XAUUSD SELL +50 PIPS
TOTAL GREEN +1310☑️
T0TAL RED 30
Gold Price Outlook: XAU/USD Looking to Trend Support Just Below2021-06-25 12:30:00Gold hasn't found much sponsorship since plunging post Fed me...
Gold Technical Outlook
Gold weak, looking to 2019 slope for potential support
Silver sitting on the 200-day MA, next levels of support may be soon
Advertisement
Gold Price Outlook: XAU/USD Looking to Trend Support Just Below
Gold has shown very little life since the post-Fed plunge that caught many market participants by surprise. The uninspired bounce thus far smacks of a small corrective move that will at least lead to another leg lower, even it that is only short-lived.
The reason it could be short-lived is because a slope from May 2019 lies not too far below right around 1750. This line may or may not allow gold to hold, so it will be important to see how price action plays out should it get tested. A strong reaction would be encouraging for the upside, while a lack of sponsorship, similar to what we are seeing now, could be indicative of a line of support that won’t hold.
Gold Technical Outlook
Gold weak, looking to 2019 slope for potential support
Silver sitting on the 200-day MA, next levels of support may be soon
Advertisement
Gold Price Outlook: XAU/USD Looking to Trend Support Just Below
Gold has shown very little life since the post-Fed plunge that caught many market participants by surprise. The uninspired bounce thus far smacks of a small corrective move that will at least lead to another leg lower, even it that is only short-lived.
The reason it could be short-lived is because a slope from May 2019 lies not too far below right around 1750. This line may or may not allow gold to hold, so it will be important to see how price action plays out should it get tested. A strong reaction would be encouraging for the upside, while a lack of sponsorship, similar to what we are seeing now, could be indicative of a line of support that won’t hold.