The price climbing yesterday, formed long bulls candle, its possible to become a reversal signal for the long term, but let see what happen today, if the price drops and continue to break low, it possible continue bearish, but if continue to rise, the next expectation is bullish for a long upswing.
EURUSD still moves to continue rising yesterday, and the next expectation price still continues to rise, but as consideration about Quantitative easing news, could giving big impact to USD in general and EURUSD pair.
Yes, eventually EURUSD still continue to rise, the bullish market still dominating the movement, but now take a look h1, the price starts on consolidation phase, I am still expected the price will rise again but will try to looking retracement
The price eventually retraces yesterday, and this morning the price consolidation in H1, its formed prices on the range, if the price break the line high I think will continue to rise, but let see what happens later, price is dynamic.
The high volatile market occurs in last week ago, the price move very wild and now eventually formed a new high as indicates reversal for the long term, on this morning there are no gap occurs, but seems the price starting to pushing up and maybe continue to bullish, in another side, news about Quantitative easing still become another consideration, for USD pairs.
Although the price tends to be bullish, demand pressure on EURUSD is still so weak, now at H4 timeframe, the pair movement is still in correction time, usually later in London session occurs increasing trading volume, and possible to break high expected, but because the bullish wave already in an upswing, need to pay attention to retracement.
The price still has tendencies to bullish, now the pattern on retracement zone and a good time to enter with stop loss below the low price, with the trading scenario if price breaks low price possible to breakout and continue drops, today will release ADP report news, its included high impact news that possible changes the current patterns.
The trend still confirmed to the bullish formation, but fluctuation price included high and move upswing and downswing in low timeframe H1 if today the market movement in low, its possible so many traders awaiting news NFP that will release on Friday, the next scenario trading is 1.17994 as support line in the near term and 1.18568 act as resistance in the near term.
Bullish trend yesterday still headed up, but if look based indicator, the movement uptrend already reach 74% in the daily timeframe, the price now already close to critical zone as resistance area 1.19000, now priced at 1.1873, H1 timeframe figure flat condition, and I guess flat condition will remain flat because big trader waiting NFP news.
NFP impact news make EURUSD move even higher and reach 1.19000, but then the price back to down, based on the daily timeframe, its occurs Pin bar candle on Friday market, but this morning the price figured bulls pattern on H1, so what happens later will see, usually Monday market in low volatile. but expected the price will continue to be bullish.
