ICmarkets
Short

Anyone eyeing 1.1716/1.1696 for shorts today???

FX:EURUSD   Euro / US-Dollar
Looking at the weekly timeframe this morning, the current candle looks poised to retest resistance pegged at 1.1714. The pair is likely to find some resistance here with it having been an obvious area of support from August. Cranking our way down to the daily timeframe , we can see that price has spent the week basing just ahead of a strong-looking demand area at 1.1479-1.1552, which happens to unite beautifully with a channel support etched from the low 1.1717.

Over on the H4 timeframe, nevertheless, candle action is so far meeting the characteristics of an AB=CD bearish formation completing between 1.1760/1.1696. What’s also interesting here is that this completion zone merges with the 1.17 handle, a broken Quasimodo H4 line at 1.1696, a 50.0% resistance value at 1.1706 and the noted weekly resistance level .

Suggestions: Technically speaking, the green H4 area marked at 1.1760/1.1696 is a sell zone worthy of consideration. From a fundamental standpoint, however, US job’s data could alter this configuration, which is expected to rise by 312K.

Data points to consider: US Job’s figures and US trade balance at 12.30pm; US ISM non-manufacturing PMI and US factory orders m/m at 2pm; FOMC member Kashkari speaks at 4.15pm GMT             .

Levels to watch/live orders:

• Buys: Flat (stop loss: N/A).
• Sells: 1.1716/1.1696 (stop loss: 1.1718).
Get real-time trading updates at our official Telegram group : https://t.me/ICMarketsroom
I am also looking at Sell today. Probably will happen in London and then new low in NY. This week was a correction week
Antworten
ICmarkets moneymikey
@moneymikey, Nice - thanks for the comment!
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
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
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden