EURUSD Bearish Target

EURUSD Weekly Chart

EURUSD Daily Chart

Fight The Trend! Go Long!

Hi there, I bought EUR/USD, EUR/JPY, and GBP/JPY earlier at 1.2336, 113.99, and 133.43 respectively. I know that the trend is still down and honestly, I'm a bit worry about these entries ;P

Nevertheless, EUR/USD has finished 100% of the previous impulsive wave and another correction could be in progress toward 1.2800 area. EUR/JPY still in the1-week down channel. Break of this channel should confirm 112.45 (yesterday's low) as support. I target 124 area for EUR/JPY. For my baby GBP/JPY, I target 135 and 137 area. Please be good GJ..

EURUSD: Buy Now

Hi guys! I have just finished my setup for EUR/USD. Yesterday, the pair found support around 1.3433 and closed above the daily open price. I have bought the pair at 1.3467 but break of 1.3481 on hourly chart is my confirmation for another swing to test the falling trendline (red dot). As for risk, I'll cut loss if the pair break below 1.3430.

In bigger view, EUR/USD has finished 5 waves down from 1.5143 with low at 1.3266 before forming a double bottom pattern. However, the bearish view remains as long it stays below 1.3815 resistance, while break of the low may bring EUR/USD to the neckline on weekly chart.