EUR/USD – D1 – Double Top Part II

Google+ Pinterest LinkedIn Tumblr +
EUR/USD W1 CHARTS

EUR/USD - Daily - 1 March 2018

EUR/USD D1 CHARTS

EUR/USD - Monthly - 1 March 2018

COMMENTARY

Current price: 1.2188
Part 2 of EUR/USD – D1 – Head and Shoulders (October 27, 2017) and EUR/USD – D1/W1 – Double Top (January 10, 2018)

  • EUR/USD Looks Bearish below 1.2350
  • Possible formation on Classic “Double Top” on Daily and Weekly Charts. Neckline @ 1.2250. 1.2555 -global resistance level hasn’t been reached. Global monthly trend is still bearish. Monthly price is under EMA 200. EUR is overbought, Dollar index looks bullish for short-term.
  • Euro zone inflation slows, underlining ECB caution
  • USD drive higher as Fed chief hints of more rate hikes.
RELATED
Share.

About Author

Hi, Friend! My name is Gran Layson. I am an experienced currency and stock trader from Europe. If you want something to be done well, do it yourself, therefore often I feel myself as “Swiss Army Knife Man”. I am the Intomillion’s website administrator, developer ... read more

Comments are closed.

Forex Brokers
  • We believe in what we do

    Since the foundation of the project, we have been trying to turn one Dollar into a Million. Many dollars were lost on the way to the cherished goal. Nobody said it was going to be easy. However, we believe that everything is possible. Each time we lose a Dollar, we start again stronger with more experience and dedication. Today the project is much more than just about a Dollar. Our philosophy is openness and transparency. So apart from trading on Forex, we are creating a variety of useful Tools, sharing our developments, ideas, and experiences with our followers. We are true fans of financial markets and looking forward making trading more understandable and showing that profitable trading is possible.





    Subscribe to our newsletter:


    Please leave this field empty.

  • Latest Tweets

    Greenback falling into this week’s near-certain US rate hike? Rollercoasters are expected tomorrow on #forex. Federal Funds Rate hike till 2.00% as forecast. FOMC Press Conference, Statement, and Economic Projections are coming up? SELL on fact then BUY currencies against #USD?

    Aussie trades ahead of #RBA Statement. #audusd still in a bearish trend IMHO. Expect 0.75 – 0.7555 or…?

    To sell or not to sell. #eurusd looks bearish below 1.25. 1.20 next stop or..?

    Load More…

All information on this page is subject to change. Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Intomillion.com owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.