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EURUSD Trend Lines

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Price has broke and retested a long-term trend line on the EURUSD Weekly chart. I expect price to fall any time now.

Target is 1.1250 minimum, but I think price will go the whole way down to 1.1000. Price is currently 1.1400.

Linkback: https://www.forex.zone/technical/11/eurusd-trend-lines/635/
#1 - January 04, 2019, 01:24:24 PM
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There is also an hourly trend line that looks as if it will break. NFP and some other news evens will be out in about 5 minutes. They will most likely be positive for the USD. I would only recommend selling EURUSD right now.
#2 - January 04, 2019, 01:28:05 PM
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Here is the result of the H1 trend line which I said was about to break. Also, the NFP and other important news was indeed positive for USD as I thought it would be.

EURUSD has since recovered and went higher. Price is currently 1.1410. This is a good change to sell EURUSD once again in my opinion.
#3 - January 04, 2019, 04:38:47 PM
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In addition to the trend line that has been broke as I mentioned in a previous post, price is currently at an important weekly resistance level. There is also another trend line that will attract price like a magnet and be re-tested. Expect EURUSD to drop.
#4 - January 07, 2019, 06:59:28 PM
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There is a trend line which has been acting as support for some time now. It's been tested multiple times and looks as if it is about to fail. This is in agreement with my prior examples too. Expect price to fall.
#5 - January 08, 2019, 01:12:25 PM
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EURUSD fell right through support just as I thought it would. I expect the line to be retested and then price to fall some more again.
#6 - January 08, 2019, 04:01:31 PM
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There is another trend line acting as support on the H4. I expect this trend line to break. This is in agreement with my longer term outlook for EURUSD. Target price is 1.1400.
#7 - January 08, 2019, 04:07:33 PM
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Today's Technical Analysis for: EUR/USD

According to H4 time Frame, it seems to be
Today Market Trend is : BEARISH


Resistance Level are:-

1> Resistance Level is : 1.1468
2> Resistance Level is : 1.1477
3> Resistance Level is : 1.1483

Supporting Level are:-

1> Supporting Level is : 1.1445
2> Supporting Level is : 1.1436
3> Supporting Level is : 1.1428

Take profit is : 1.1432

Stop Loss is : 1.1480
#8 - January 09, 2019, 06:18:02 AM

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Today's Technical Analysis for: EUR/USD

According to H4 time Frame, it seems to be
Today Market Trend is : Bullish


Resistance Level are:-

1> Resistance Level is : 1.1563
2> Resistance Level is : 1.1572
3> Resistance Level is : 1.1580

Supporting Level are:-

1> Supporting Level is : 1.1545
2> Supporting Level is : 1.1538
3> Supporting Level is : 1.1530



#9 - January 10, 2019, 06:49:02 AM

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The trend line from my previous post took longer to break than I expected, but it did. My target of 1.1400 has been reached too.

My 2 weekly trend line trade forecasts are still in play too. Long-term I expect EURUSD to keep falling.
#10 - January 15, 2019, 04:20:18 PM

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I have previously posted about my long-term EURUSD outlook. Unless something changes, I am still bearish on EURUSD long-term. Price has been falling, but now there is a good buying opportunity in the shorter term.

There is a trend line on the EURUSD H4 chart that seems about the break. Price is currently 1.1363. I am expecting price to hit at least 1.1400.
#11 - January 21, 2019, 03:47:01 PM
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Since my last post, EURUSD came within 5 pips of my short-term bullish target of 1.1400. I am now reverting back to my long-term outlook, which is bearish.

Here is a trend line acting as support which is most likely going to fail soon. Price earlier today broke the trend line and now has retraced back up. I consider this a good selling point.
#12 - January 24, 2019, 02:15:53 PM
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After my last post, EURUSD dropped as I expected. It fell right through the trend line. For anyone who missed that, here is a great sell opportunity again. Price has retraced up and is re-testing the trend line. 

I expect EURUSD to drop and my target is 1.1225
#13 - January 25, 2019, 11:27:45 AM
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Technical analysis of EUR/USD Is bearish


1> Resistance level is:1.1443
2> Resistance level is: 1.1450
3> Resistance level is: 1.1456


1> Supporting level is: 1.1435
2> Supporting level is: 1.1428
3> Supporting level is: 1.1422
#14 - January 29, 2019, 10:39:27 AM

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sell only 1.143xx 
take profit 30-50 point
#15 - January 29, 2019, 12:09:17 PM

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