EURUSD setting itself for a dip

EURUSD (1.2727)

EURUSD seems to be setting itself for dip and it seems that 1.2800 seems a very good selling level. The initial target seems 1.2600 level and some traders might look to target 1.2500 level. The traders will be quite keen to sell EURUSD around this level as it seems that once EURUSD managed to break below 1.2700 level, we might see an extended dip by EURUSD.

  

TRADE:

Sell EURUSD @ 1.2800 for Profit Level @ 1.2600 with Stop @ 1.2860

EURUSD heading towards 1.3350 level

EURUSD (1.3291)

EURUSD seems to be moving in a nice upward trend and this trend seems to continue in the next coming days and it seems that it will try to break above 1.3350 level early nest week. What traders will be currently looking to do is to capture this move by Buying EURUSD for retracement dips around 1.3180 level. RSI seems a bit on the higher side but will open once EURUSD takes a bit of retracement and also will have enough space for EURUSD to make another move towards 1.3350 level.

  

TRADE:

Buy EURUSD @ 1.3180 for Profit Level @ 1.3350 with Stop @ 1.3120

GBPUSD (1.4708)

It seems that GBPUSD might look to take a dip and traders will hope to get it just above 1.4800 level for a intra-day trade towards 1.4700 level. Keeping the current scenario in view, I don’t expect GBPUSD breaking into any side during this week. The same psychology will be affecting clients at the moment and therefore they will be more focused in short term trades.

  

TRADE:

Sell GBPUSD @ 1.4805 for Profit Level @ 1.4705 with Stop @ 1.4845

EURUSD looking to resume its trend

EURUSD (1.2313)

EURUSD is currently taking retracement at the moment and seems to be setting for a nice downward dip and traders will be focusing selling EURUSD around 1.2350 level. Initial target can been seen around 1.2125 level and this can further extend towards 1.2000 level. RSI has also opened up considerably and thus will support good dip by EURUSD.

TRADE:

Sell EURUSD @ 1.2350 for Profit Level @ 1.2150 with Stop @ 1.2420

DAILY CHART:

EURUSD setting up for another dip

EURUSD (1.2257)

EURUSD is moving nicely and gradually towards 1.2100 level and taking good retracements as well. The retracements not only allowing EURUSD to open up RSI but also traders, especially Intra-Day traders to enter the market for nice intra-day trades. The current retracement might extend to 1.2350 level and that will be an ideal level for Intra-day traders to sell EURUSD for a nice trade.

TRADE:

Sell EURUSD @ 1.2350 for Profit Level @ 1.2150 with Stop @ 1.2420

DAILY CHART:

EURUSD being traded sideways

EURUSD seems to have caught in a sideways range after a good sharp dip and it seems that it is mostly due to the fact that RSI was on the lower side and trading sideways along with small retracements will help EURUSD to open up the RSI. Once the RSI will have some space, then we might see EURUSD making another attempt towards 1.2100 level. Currently intra-day traders will be looking to sell EURUSD around 1.2410 level for a nice dip towards 1.2300 level.

TRADE:

Sell EURUSD @ 1.2415 for Profit Level @ 1.2280 with Stop @ 1.2465

DAILY CHART:

EURUSD looking to target 1.2500 level

EURUSD is looking to carry its current momentum and looking to break below 1.2500 level. RSI is getting a bit on the lower side and this might also push EURUSD a bit up for retracement. We might see EURUSD initially taking a small dip and then taking some retracement and that will provide lots of selling opportunities for traders looking to sell EURUSD. Currently the retrace might go towards 1.2775 level and around that level we will see traders looking to sell EURUSD for targets below 1.2500 level.

Trade:

Sell EURUSD @ 1.2775 (Sell again @ 1.2938 if needed) for Profit Limit @ 1.2500 and Stop @ 1.3000

EURUSD due for some retrace

EURUSD (1.2820):

EURUSD has take a very good and continious dip for the last three days. Although its trend seems to stay the same way and we might see EURUSD going towards 1.2700 level, but it seems that some retracement is due for EURUSD and before taking further dip, EURUSD might look to take some retracement towards 1.2930 level and the retracement might even extend above 1.3050 level.

Traders, especially who are not currently in trade, will be hoping for EURUSD to take some retrace and Sell it for targets around 1.2710 level.

Trade:

Sell EURUSD @ 1.2935 (Sell again @ 1.3075 if needed) for Profit Limit @ 1.2710 and Stop @ 1.3120

EURUSD heading towards 1.3800 level

EURUSD (1.3659)

EURUSD seems to have settled in a nice upward trend and looking to currently target 1.3800 level. Currently a good buying level can be seen just around 1.3610 level for initial target at 1.3780 level for a nice intra-day trade. RSI is just above 57 and seems to have more than enough space for EURUSD to make a move above 1.3800 level at the moment.

TRADE:

 

Buy EURUSD @ 1.3610 for Profit Level @ 1.3780 with Stop @ 1.3550

EURUSD looking for retracement

EURUSD

EURUSD has moved nicely in a downward trend during last few days and it seems that some retrace is due for EURUSD and we expect EURUSD to test 1.3400 level and might even extend its retracement towards 1.3490 level. Mostly we will find traders looking to sell EURUSD in the range mentioned above for initial target below 1.3300 level. The traders might also have to hold out the position over the weekend as EURUSD might not reach its target before the closing of this week.

Trade:

Sell EURUSD @ 1.3390 and Sell again @ 1.3490 (if required) for Target @ 1.3270 and Stop @ 1.3540

EURUSD looking break sideways trend

EURUSD (1.3479)

EURUSD is being traded in a sideways range and holding itself as compared to the Pound. The volume was also low due to holidays and we might see EURUSD resuming its downward momentum again and might see some aggressive traders looking for an early entry and selling EURUSD around 1.3565 and hope that EURUSD resumes its downward trend.

TRADE:

Sell EURUSD @ 1.3565 for Profit Level @ 1.3450 with Stop @ 1.3525

EURUSD resuming downward trend

EURUSD: (1.3549)

EURUSD took a dip and seems to have resumed the downward trend. Currently EURUSD seems to be heading towards 1.3450 level and therefore traders will now look to get EURUSD around 1.3600 level for a nice target around 1.3450 level. RSI is just above 41 and this seems to have more than enough space to break below 1.3450 level during this dip.

TRADE:

Sell EURUSD @ 1.3605 for Profit Level @ 1.3450 with Stop @ 1.3450

EURUSD looking to test 1.3815 again

EURUSD: (1.3758)

EURUSD tested 1.3815 once today and took a dip from that level. EURUSD seems to set itself up for another move towards 1.3815 and try to break that level. Once EURUSD manages to break above 1.3815 level, we will be looking at EURUSD heading towards 1.4150 level next.  What traders will be looking is to buy EURUSD around 1.3685 level for initial target at 1.3815 level.

TRADE:

Buy EURUSD @ 1.3685 for Profit Level @ 1.3815 with Stop @ 1.3600

EURUSD ready to test important levels

EURUSD: (1.3671)

EURUSD seems to get back into its selling trend and will look to test some good supports at the moment. The first such support can be seen at 1.3625 level and the second one can be seen at 1.3538 level and both seems to provide some support to the downward fall. Once EURUSD manages to break below 1.3538 level, we might see an extended dip by EURUSD. Currently traders might look to sell on rise during retracement for intra-day targets.

TRADE:

Sell EURUSD @ 1.3690 for Profit Level @ 1.3625 with Stop @ 1.3740

EURUSD ready to test supports

EURUSD: (1.3642)

EURUSD is currently being traded in a sideways range and this has helped EURUSD to easy RSI and we might see EURUSD taking a dip below 1.3600 level and therefore traders will look to sell EURUSD around 1.3680 level for a nice move below 1.3600 level. There is currently a good support around 1.3540 and once EURUSD managed to break that, traders will be extending their profits to 1.3450 targets.

TRADE:

Sell EURUSD @ 1.3680 for Profit Level @ 1.3580 with Stop @ 1.3740

EURUSD looking to resume trend

EURUSD: (1.3620)

EURUSD is currently being traded in a sideways range and it was also due to the reason that EURUSD had a very low RSI value. Now it might once again look to set itself up for a dip towards 1.3500 level. Currently a good resistance can be seen just around 1.3655 level and aggressive traders might to look to sell EURUSD around that level. If EURUSD breaks above 1.3655 level, then the next good resistance can be seen just around 1.3785 level and long term traders will surely look to focus that level. Intra-day traders might look to sell EURUSD around 1.3655 with decent stop and look for EURUSD to make an early dip.

TRADE:

Sell EURUSD @ 1.3655 for Profit Level @ 1.3530 with Stop @ 1.3700

EURUSD looking to continue its momentum

EURUSD: (1.3575)

EURUSD seems to carry on its downward trend at the moment but the only thing that seems to slow down the dip is the low RSI but EURUSD is getting over it by taking reasonable retracements and this also is providing traders, especially intra-day traders with good selling levels. Currently a good selling level can be seen just below 1.3600 level and traders will be aiming to sell EURUSD for a dip below 1.3500 level. RSI is just above 40 and it seems that it will also support an extended dip by EURUSD.

TRADE:

Sell EURUSD @ 1.3590 for Profit Level @ 1.3450 with Stop @ 1.3670

EURUSD gathering momentum

EURUSD: (1.3569)

EURUSD took a retrace above 1.3600 level and it provided intra-day traders with a very good intra-day trade selling EURUSD opportunity. EURUSD seems to continue its downward trend and selling EURUSD just around 1.3600 level is a very good entry. The initial targets are seen around 1.3450 level and mostly traders will look to aim around that level. RSI has opened up nicely and is just above 37 and seems to have more than enough for a nice downward dip.

Trade:

Sell EURUSD @ 1.3600 for Profit Level @ 1.3450 with Stop @ 1.3650

EURUSD building up the momentum

EURUSD: (1.3594)

EURUSD is looking to gather momentum again to make a dip towards 1.3450 level and is continuing a very good downward selling trend. Traders will be looking to sell EURUSD just around 1.3660 level for a nice move and this trade will also suit the traders trading on weekly charts. RSI has opened up quite considerably and we might therefore see an extended move by EURUSD.

Trade:

Sell EURUSD @ 1.3660 for Profit Level @ 1.3450 with Stop @ 1.3760

EURUSD looking to continue its momentum

EURUSD: (1.3572)

EURUSD is moving in a nice downward trend broker below 1.3600 level as expected. The trend seems to carry on in the next week as well but we might see some retrace by EURUSD and traders will be looking to enter the market once EURUSD rise to levels around 1.3630 level. The retracement can extend to 1.3735 but overall the downward trend is looking good for next week as well. RSI is although a bit on lower side but retracements by EURUSD is allowing it to open up enough each time to have create enough space for EURUSD to take a dip. RSI seems to have enough to make it to 1.3430 during next week.

TRADE:

Sell EURUSD @ 1.3630 and Sell again @ 1.3735 (If required) for Profit Level @ 1.3430 with Stop @ 1.3800 level.