Η 1×1 επιτυχής ανάλυση τάσης
February 16, 2017
Μια ματιά στον ΓΔ και σε επιλεγμένες μετοχές
February 17, 2017

EURUSD

For the last few sessions I’ve been pointing out the downward sloping wedge EURUSD was trading in. A breakout above it gave a bullish signal and the first target has already been reached. Price has reached the Ichimoku cloud resistance in the 4 hour chart and traders I believe should take any profits as a pull back towards 1.06 at least is justified.

eurusd

There are also signals by the oscillators that also justify a pull back from current levels. First short-term support is at 1.0630 and next at 1.0595. I believe we can see the second support today.

Similar but reverse chart in the Dollar index. Here you can read my daily Dollar index analysis through my partnership with InstaForex.  The danger of a Head and Shoulders pattern is still valid as long as price is below the recent high at 101.80. Bears on the other hand want to break below the neckline at 99.20-99 for a targeted move towards 95.

usdxd usdxMore charts and fx comments will appear below in the comments area for other pairs as well….have a great weekend everyone!

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.