EURUSD Channel Consolidation

EURUSD H4

Lately pair is moving in ascending channel. 100 & 200EMA are almost flat - indicating consolidation. 

Looks like the pair is in range based trading. It is not able to break resistance of 1.3140/45 area after several attempts. 

Plan is to enter short near the resistance area of 1.3140/45. 

EURUSD Triangle Watch

Triangle am watching in EURUSD. 

Looks like price is entering a consolidation phase between trendline. 

Strategy would be to play pullback from these trendline.

EURUSD Support-Resistance Levels

EURUSD H4

Currently price is hitting channel's lower trendline. Just above that lies a big resistance level. 

A good momentum is required to break the resistance level. Price action was unable to it on several previous occasions. 

I will be watching this area next week closely for any potential trade setups.

EURUSD Channel Holding Up

EURUSD Hourly

Yesterday's rally after ECB meeting stalled right at the channel's upper trendline. 

A break above the channel will push the pair higher and mean that a short term bottom at 1.2750 is in place. 

EURUSD Major Resistance

EURUSD Hourly

Currently at major resistance. So far this resistance has capped any rallies. 

A break of it indicates that a bottom is in place and should send pair higher. 

Next resistance comes in form of channel. 

Another way of looking at chart is the hourly channel that is forming up and a bounce from them support at 1.2750. Chart below:

EURUSD Hourly

EURUSD Channel

EURUSD Hourly

Pair is drawing up a falling channel and currently price is in middle of it. 

Currently price is at support-turned-resistance and if price goes thru it then next resistance comes at channel upper trendline which has been held since Feb-2013. 

EURUSD At Daily Channel

EURUSD Daily

Pair touched the lower trendline of daily channel yesterday. But looks like price is bouncing today. 

This channel is in place since Aug-2012 and a break lower could mean more down coming. 

I am expecting this channel to hold. I went long yesterday at 1.2988 on touch of the channel. 

Credit Suisse sees EUR/USD rebound

The euro will likely trade in a narrow range for the next month or so then climb, according to analysts at Credit Suisse. They forecast EUR/USD at 1.33 in three months and 1.40 at year end.

There is lots of bearish GBP talk, including from CS and Bill Gross.

Source [forexlive]

EURUSD Daily Channel

EURUSD Daily channel am watching.

A break means more low coming..

EURUSD Daily

EURUSD Trade Plan

EURUSD H4

I posted this chart few days ago. Previous post [here].

Support-resistance are playing out nicely.
 

EURUSD: Resistance-Support Play

EURUSD H4

For EURUSD, its all resistance and support levels playing out. 

If the current support hold up. then we might see a move towards resistance level 1.33. While a break of support call for next down move to 1.3025 level. 

EURUSD Daily Channel

EURUSD Daily

EUR is seen bullish across the board. EURUSD has gone more than 150pips in last 2 trading sessions. 

I am looking to short this pair. A daily ascending channel might give us that opportunity. This channel is in place since last week of Aug-12. 

EURUSD Channel Short Trade Plan

EURUSD Daily

See the channel EURUSD is making out on daily charts. 

Price has just retraced back after touching upper trendline. That area also coincides with the previous highs of April-2012. 

EURUSD Short Term Channel

EURUSD M30

Apart from the daily channel trade of yesterday, a short term channel is forming on M30 chart.

A break of that channel to the upside brings focus to horizontal resistance area. 

EURUSD Long Trade Setup

EURUSD H4

I am following up this setup from past few sessions and yesterday closed my short trade for +80 pips. Previous post [here].


Now another channel setup is coming up. This time price has broken the previous hourly channel to the downside and is fast approaching the daily channel's upper trendline. 

EURUSD Channel Trade Setup

EURUSD Hourly

On Hourly charts, pair is trending in a slightly descending channel. 

Currently price is retracing back after touching the upper trendline of the channel. 

This channel provides a good scalping trade opportunity.

Option Expiry for 13-Dec

Today's option Expiry for 15GMT (from Bloomberg)

• EUR/USD: 1.2950, 1.3125, 1.3150, 1.3175
• GBP/USD: 1.6075, 1.6100, 1.6200
• USD/JPY: 82.40, 82.50, 82.75, 82.80
• AUD/USD: 1.0465, 1.0500, 1.0520, 1.0550

EURUSD Short at 1.3045 & 1.3070

EURUSD Daily

Tracking this setup from past few session and it materialized finally. Setup I posted yesterday [here].

Initially I went short EURUSD at 1.3045 and later on added to my short at 1.3075 on touch of the channel's trendline. 

EURUSD Short Trade

EURUSD Daily

This setup is in place form past few sessions and I have traded this setup previously. Previous post [here]. and [here].

Now another channel short trade is coming up. 

EURUSD Trade Plan

EURUSD H4

I am watching this setup from past few sessions. Previous post [here]. Initially pair bounced from 200EMA on Friday, but since then has come back below 200EMA. Details [here].

After break of 200EMA, focus comes on horizontal support area. This area has been on-off as support & resistance.