EURUSD and Dollar Index: monthly price levels for October 2017
Hello guys,
we hope you are trading well)
Let’s take a look to monthly resistance and support levels for EURUSD and Dollar Index.
According ForexTeam technical analysis, we see the following monthly price levels:
EURUSD
RESISTANCE = 1.1904-1.1942
SUPPORT = 1.1646-1.1590
If daily close price for EUR USD will be under 1.1794 than we are awaiting more bears pressure till price level 1.16
DOLLAR INDEX
RESISTANCE = 94.6 – 94.74
SUPPORT = 92.89 – 92.34
If daily close price for Dollar Index will be above 93.27 than we are awaiting more bulls pressure till price level 94.6
P.S. ForexTeam sold EUR USD from 1.1835 and 1.1793 with TP1=1.16
EURUSD reached price level 1,1760
Hello guys,
In our weekly EURUSD report last week we planned bearish pressure for EURUSD and we wrote about H&S figure on H4 time frame. ForexTeam traders were right and yesterday EURUSD price reached 1.1760 level.
From this price level we could see more bearish pressure (new leg down) going till 1.1660 price level, it is all possible because dollar index price could rise till 93.95.
Stay tuned,
ForexTeam
ForexTeam analysis: bearish pressure on EURUSD 1.2170 or 1.2050
Hey there,
we present you our new trading ideas about price behavior for currency pair EURUSD.
According ForexTeam technical analysis we can say that EURUSD could test price area 1.2170, while this currency pair continues to hold over uptrend line at 1.1830, but if we take a look to USD index we can say that bears could press the price already from price level at 1.2050.
EURUSD H4 chart shows us possible H&S pattern in progress.
If bears take a control over the price on EURUSD, please pay attention on the following price levels:
1.1953
1.1915
1.1805
1.1760
All these price levels are possible (Stop-loss) breakup points.
Good trades,
ForexTeam
USD Index weekly report: new resistance levels 94.64 / 96.67
Hello guys,
here we are with the new USD index weekly report.
ForexTeam traders think that at present time (august-september) it could be price rebound from support level 93.00, the same picture like in Dec. 2016 – Jan. 2017, but now from other side.
Importaint resistance levels:
RES 1 = 94.64
RES 2 = 96.67
RES 3 = 97.87
Have a good week!
USD Index monthly research. Rebound from support 93.00
Hello guys,
ForexTeam traders are watching now for USD Index consolidation and rebound pattern to develop. At the end of July 2017 we can expect one more leg down to support level 93, it is the lower edge of the band 93-100, developed from 2015.
95.10 – is the next resistance target for rebound from 93 support level.
EURUSD vs. USD index – last battle.
Hi there,
ForexTeam technical analysis in pictures)
Price behavior ahead of and after today’s key US macro news: US inflation figures. ForexTeam plan such scenario like on the picture below.
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