Spotted a nice little double top on the EURUSD 30-min chart. The trough between peaks is broken up by the weekend, but it's structure coincides with topside resistance to a bullish pennant on 7-27-16 @ 20:30, which then becomes support on the 29th. The downtrend following the second top breaks this support level, and a presumed retracement to the .618 level should welcome a bearish rally (assuming neutral 2Q mortgage data).
Not
Still side-stepping, but looks like the .618 was hit (with a little spare change up top) and has rallied back down to structure. I'd like to see support @ purple line broken!Not
Looks like 2Q manufacturing data just weakened outlook on the USD, which may have diverted the trade for the time being. Unless MoM wholesale trade / inventory data and IBD/TIPP economic optimism is spectacular, this may continue upward given the weak dollar. If so, I'm sure it will meet resistance at the previous double-top.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.