EURUSD tehnikal analysis

[radex78]

EURUSD today's price at 1.00779 based on MT4 platform FXOpen, the price formed a strong bullish yesterday.

In the daily timeframe, we can see the price now move near the upper band. This becomes alert if the price already enters an overbought zone level based on the band. However, we see Bollinger band drawing the slope up line indicating uptrend too. MA 14 below the price indicating an uptrend. MA 14 here may acts as the first dynamic support at roughly 0.99172. While an RSI level of 60 shows an uptrend market gives a buy signal.

Go to the hourly timeframe, the price now moves below the upper band line and moves in a consolidation phase. Overall the trend is bullish and dominating. The price above MA 14 and middle band line, and Bollinger band drawing to expand which means there is increasing volatility. While the RSI indicator shows level 68 which means near overbought zone level as the first alert for possible retracement or reversal.

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[radex78]

EURUSD today's price is 1.00094 based MT4 terminal platform FXOpen. The price formed a bearish candle yesterday.

In the daily timeframe, we can see the price move above MA 14 and the middle band line which means the trend tendencies to bullish, and the Bollinger band drawing to expands indicating an uptrend. The resistance target is at roughly 1.01095 and the first support target is at roughly 0.99438. While the RSI indicator shows level 56 indicating an uptrend.

In the H1 timeframe, we can see the EURUSD price now move below MA 14 and the middle band line near the lower band line. The Bollinger band looks drawing to expand which means there is increasing volatility, at the same time RSI indicator shows level 39 indicating a downtrend.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[radex78]

EURUSD today's price is 1.01978 based MT4 terminal platform FXOpen. The price formed a long bullish candle yesterday.

In the daily timeframe, we can see the price successfully break the upper band line indicating a strong uptrend has occurred. Here Bollinger band drawing expands which means high volatility occurs. The price is now still out of the upper band line. While the RSI indicator shows level 63 indicating an uptrend near the overbought zone level.

in the hourly timeframe, the EURUSD price now moves above MA 14 and the middle band line near the upper band line which means still in an uptrend market. Here Bollinger band indicator shows wide to expand which means high volatility occurs. While the RSI indicator shows level 69 near the overbought zone level.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[radex78]

EURUSD today's price at 1.03159 is based on the MT4 trading platform FXOpen. The price tries to form a bear candle.

The previous week the EURUSD price movement was a very wide range. EURUSD strong rally and break upper band line.

In the daily timeframe, we can see the EURUSD price now move out of the upper band line above MA 14 and the middle band line which means the price is in high volatility. While the RSI indicator shows level 66 indicating an uptrend near the overbought zone level.

Go to the hourly timeframe we can see here EURUSD price tries to push down the price crosses down MA 14 line. The price looking for a middle band line at roughly 1.02892. Bollinger band indicator drawing expands still in high volatility market. While the RSI indicator shows level 61 indicating an uptrend.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[radex78]

EURUSD today's price is 1.03297, the price formed a long shadow in the bulls candle.

In the daily timeframe, we can see EURUSD now move and break the upper band line which means occurs high volatility in the market. Bollinger band still looks to expand which means possible in high volatility market.
MA 14 and the middle band line show an uptrend market. While the RSI indicator shows level 67 indicating an uptrend near the overbought zone level.

In the hourly timeframe, the EURUSD price move low trading range in the Bollinger band, here upper band still works as a swing high, and the lower band works as a swing low. Bollinger band is flat and narrowed which means low volatility waiting breakout. While the RSI level shows 52 indicating an uptrend.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[radex78]

EURUSD today's price is 1.03404 based MT4 terminal platform FXOpen. The price formed a long wick on the daily timeframe.

In the daily timeframe, the EURUSD price now moves near the upper band line. Yesterday the price move uptrend and formed a new high at 1.04808. There is long wicks that appear after the price move new high, it is like a Pin bar candle, which means this pattern is possible to retrace or reverse time. Overall based on MA 14 and Bollinger band still on the uptrend. While the RSI indicator level shows 67 indicating an uptrend near the overbought zone level.

Go to the hourly timeframe, the EURUSD price move below MA 14, and the middle band line. In the near term support target-based lower band at roughly 1.02978 and resistance at 1.04486. While the RSI level shows 47 indicating a downtrend signal.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[radex78]

EURUSD today's price is 1.03922. Yesterday's price formed a bull's candle but still formed a lower high.

In the daily timeframe EURUSD move near the upper band line. Bollinger band looks expanding which means high volatility occurs. The EURUSD's price is far above MA 14 and the middle band line indicating a long rally in an uptrend market. On near-term resistance target-based upper band at roughly 1.04603. At the same time, the support zone-based lower band at roughly 0.96325. At the same time, the RSI indicator shows level 69 near the overbought zone level.

Go to the hourly timeframe EURUSD price now move near MA 14 and the middle band line on a sideways market. Bollinger's band looks drawing to flat indicating sideways. On near-term resistance target at roughly 1.04335 based upper band and support 1.03485 based lower band. Here RSI shows level 52 indicating an uptrend.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[radex78]

EURUSD today's price is 1.03628 based MT4 terminal platform FXOpen. Yesterday's price formed a bearish candle with a long wick. There is a reversal pattern on the daily timeframe.

EURUSD daily timeframe shows the price now moving near the upper band line and consolidated on the resistance zone. EURUSD price is far above MA 14 and middle band line with expanding Bollinger band. Based Moving average and SMA line the price tends to be uptrend. While the RSI indicator shows level 67 also indicating an uptrend near the overbought zone level.

In the hourly timeframe EURUSD price move above MA 14 and the middle band line. However MA 14 slopes down indicating a downtrend in this timeframe. Bollinger's band looks flat indicating a sideways market with a low trading range. Swing high near 1.04001 and swing low near 1.035132. RSI indicator shows level 50 indicating a neutral trading signal.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[radex78]

EURUSD today's price is 1.03217 based MT4 terminal platform FXOpen. The price formed a bearish candle.

In the daily timeframe, the EURUSD price moved near the upper band line after the price successfully break the line and now entering back into the band zone. EURUSD price moved above MA 14 in long term indicating a bullish market. Bollinger band looks in the wide distance which means high volatility market. While the RSI indicator shows level 64 indicating an uptrend.

Go to hourly timeframe EURUSD Price now in a sideways market. The price moved in the trading range between 1.04130 and 1.0350. Bollinger band drawing to narrow which means a low volatility market, while the RSI indicator shows level 38 indicating a downtrend.

FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

 

[radex78]

EURUSD today's price is 1.02442 based MT 4 terminal platform FXOpen. The price formed a bearish candle with a long body candle.

In the daily timeframe, we can see EURUSD now move above MA 14 and the middle band line below upper band line. MA line figured an uptrend market but the price drops are possible to reach MA 9 which works as a dynamic support. Here Bollinger band is still in the wide range which means high volatility. While RSI shows level 59 indicating the price in an uptrend zone level but trying to out from the overbought zone level.


In the hourly timeframe EURUSD now moves below middle band line and tries to cross up MA 14 line. If the price successfully cross the MA line, then next target at roughly 1.09022 near upper band line. But if the price break low, then trend continuation maybe pccur. Here Bollinger band drawing to narrow which means decrease volatility. While RSI indicator shows level 35 indicating downtrend.
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[i]FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
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