ICmarkets
看多

EUR/USD: Tech outlook

FX:EURUSD   歐元 / 美元
For those who read Wednesday’s piece you may recall that our desk underlined the 1.05/1.0520 area (yellow H4 rectangle ) as a promising buy zone. The reason for selecting this base was due to the following converging structures: a round number at 1.05, a H4 trendline support taken from the low 1.0339, January’s opening level at 1.0515, daily support at 1.0520 and let’s not forget that all of this is further reinforced by the weekly support area at 1.0333-1.0502. As is evident from the H4 chart the zone held beautifully! Well done to any of our readers who managed to jump aboard this move.

Going forward, we can see that the H4 candles are now kissing the underside of the H4 mid-way number 1.0550. This level, in our humble opinion, is likely going to give way since there is not only a daily support currently in motion, but also a yearly opening level as well (see above). The next upside objective beyond this mid-way point is December’s opening level at 1.0590, shadowed closely by 1.06, and then the H4 supply at 1.0632-1.0620 that happens to merge with a H4 trendline resistance extended from the high 1.0714.

Our suggestions: Despite H4 price trading at a mid-level resistance, we would not be comfortable selling this market. A H4 close above this number, followed by a retest and a lower-timeframe confirming signal would, however, be something of interest. Ultimately, we’d be looking for either the following to take shape on the lower timeframes to confirm this line: an engulf of supply followed by a retest as demand, a trendline break/retest or simply a well-defined collection of buying tails printed around 1.0550. We typically search for lower-timeframe confirmation between the M15 and H1 timeframes, since most of our higher-timeframe areas begin with the H4. Stops are usually placed 3-5 pips beyond confirming structures.

Data points to consider: EUR CPI             data at 10am. US Jobless claims at 1.30pm GMT             .
Get real-time trading updates at our official Telegram group : https://t.me/ICMarketsroom
We should see a trend change come this month in US Dollar v Euro Adjusted Spot so pay attention to events ahead. Last month produced a high at 10829 and so far we are trading neutral within last month's trading range of 10829 to 10494. We need to breakout of this range to confirm the direction. Therefore, a close above will be bullish and a close below will warn of a possible decline
回覆
ICmarkets fatboy007
@fatboy007, Thanks for your comments. Much appreciated!
回覆
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出