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Thread: Short Term Technical Analysis for Majors (07:00 GMT)

  1. #11
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    EURUSD has been down and it seems that there is correction going to take place in the pair, the prices might go further down.


  2. #12
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    eur usd

    On our H1 chart the price is playing bearish.we are expecting to see a bullish............

    http://www.fxfibo.com/


  3. #13
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  4. #14
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    Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.0950.



  5. #15
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    Long entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 110.00 or 109.41.



  6. #16
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    There is nothing due today regarding the GBP. Concerning the USD, there will be a release of CB Consumer Confidence data at 3pm London time.



  7. #17
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    The price is in blue sky so picking a top would be very difficult but 1.3588 is a long-term swing high that has only been exceeded once over recent multi-month price history, so it would be a level to watch. I would be very cautious about taking any short trade.



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