April 24, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency.

On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated.

On March 18, a significant bullish attempt was executed above 1.1380 (the upper limit of the Highlighted-channel) demonstrating a false/temporary bullish breakout.

On March 22, significant bearish pressure was demonstrated towards 1.1280 then 1.1220.

Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where recent bearish rejection was being demonstrated.

Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) followed by further bearish decline towards 1.1235 (78.6% Fibonacci).

For Intraday traders, the price zone around 1.1235 (78.6% Fibonacci) stood as a temporary demand area which paused the ongoing bearish momentum for a while before bearish breakdown could be executed two days ago.

Conservative traders were advised to wait for a bullish pullback towards the newly-established supply zone around 1.1235 for a valid SELL entry.

On the long-term, bearish persistence below 1.1235 enhances further bearish decline towards 1.1170 then 1.1115 if enough bearish momentum is expressed.

Trade recommendations :

A valid SELL entry was suggested around 1.1235 upon Yesterday's bullish pullback.

TP levels to be located around 1.1170 and 1.1115. SL should lowered to 1.1197 to offset the associated risk.

The material has been provided by InstaForex Company - www.instaforex.com

April 22, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency.

On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated.

On March 18, a significant bullish attempt was executed above 1.1380 (the upper limit of the Highlighted-channel) demonstrating a false/temporary bullish breakout.

On March 22, significant bearish pressure was demonstrated towards 1.1280 then 1.1220.

Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where recent bearish rejection was being demonstrated.

Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) followed by further bearish decline towards 1.1235 (78.6% Fibonacci).

For Intraday traders, the price zone around 1.1235 (78.6% Fibonacci) stood as a prominent demand area where a valid short-term BUY entry was suggested on Friday.

On the other hand, conservative traders should be waiting for a bullish pullback towards 1.1280-1.1290 (backside of the broken bullish channel) for a valid SELL entry.

Moreover, earlierbearish breakdown below 1.1235 opens the way for further bearish decline towards 1.1180-1.1170.

Trade recommendations :

A valid SELL entry can be taken around 1.1280 - 1.1290 when a bullish pullback occurs.

TP levels to be located around 1.1250, 1.1235 and 1.1170. SL should be placed above 1.1320.

The material has been provided by InstaForex Company - www.instaforex.com

April 19, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency.

On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated.

On March 18, a significant bullish attempt was executed above 1.1380 (the upper limit of the Highlighted-channel) demonstrating a false/temporary bullish breakout.

On March 22, significant bearish pressure was demonstrated towards 1.1280 then 1.1220.

Two weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where recent bearish rejection was being demonstrated.

Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) followed by further bearish decline towards 1.1235 (78.6% Fibonacci).

For Intraday traders, the current price zone around 1.1235 (78.6% Fibonacci) stands as a prominent demand area to be watched for a possible short-term BUY entry.

However, conservative traders should be waiting for a bullish pullback towards 1.1280-1.1290 (backside of the broken bullish channel) for a valid SELL entry.

Moreover, bearish breakdown below 1.1235 opens the way for further bearish decline towards 1.1180-1.1170.

Trade recommendations :

A valid SELL entry can be taken around 1.1280 - 1.1290 when a bullish pullback occurs.

TP levels to be located around 1.1250, 1.1235 and 1.1170. SL should be placed above 1.1320.

The material has been provided by InstaForex Company - www.instaforex.com

April 17, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency.

On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated.

Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure.

On March 18, a significant bullish attempt was executed above 1.1380 (the upper limit of the Highlighted-channel) demonstrating a false/temporary bullish breakout.

On March 22, significant bearish pressure was demonstrated towards 1.1280 then 1.1220.

Two weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200.

As expected, this enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where recent bearish rejection was being demonstrated.

Short-term outlook turns to become bearish towards 1.1280 (61.8% Fibonacci) where price action should be watched cautiously.

For Intraday traders, the price zone around 1.1280 stands as a prominent demand area to be watched for a possible BUY entry if enough bullish rejection is expressed.

On the other hand, bearish breakdown below 1.1280 opens the way for further bearish decline towards 1.1250-1.1235.

The material has been provided by InstaForex Company - www.instaforex.com

April 15, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency.

On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated.

Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure.

On March 18, a significant bullish attempt was executed above 1.1380 (the upper limit of the Highlighted-channel) demonstrating a false/temporary bullish breakout.

On March 22, significant bearish pressure was demonstrated towards 1.1280 then 1.1220.

Two weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200.

As expected, this enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where recent bearish rejection was being demonstrated.

Short-term outlook turns to become bearish towards 1.1280 (61.8% Fibonacci) where price action should be watched cautiously.

For Intraday traders, the price zone around 1.1280 stands as a prominent demand area to be watched for a possible BUY entry if enough bullish rejection is expressed.

On the other hand, bearish breakdown below 1.1280 opens the way for further bearish decline towards 1.1250-1.1235.

Trade recommendations :

Conservative traders can look for a valid SELL entry around 1.1300-1.1320.

TP levels to be located around 1.1280 and 1.1250 and 1.1210. SL should be placed above 1.1350.

The material has been provided by InstaForex Company - www.instaforex.com

April 11, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

Since then, the EURUSD pair has been moving within the depicted channel with slight bearish tendency.

On March 7th, recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated.

Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure.

On March 18, a significant bullish attempt was executed above 1.1380 (the upper limit of the Highlighted-channel) demonstrating a false/temporary bullish breakout.

On March 22, significant bearish pressure was demonstrated towards 1.1280 then 1.1220.

By the end of last week, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200.

This will probably enhance further bullish advancement towards 1.1300-1.1315 where price actions should be re-assessed for a possible bullish breakout.

For Intraday traders, the price zone around 1.1235 stood as a significant demand-zone where significant bullish rejection was demonstrated during Yesterday's consolidations.

Short-term outlook remains bullish towards 1.1300 unless bearish breakdown below 1.1250 is achieved on H4 chart.

Trade recommendations :

Conservative traders were suggested to have a valid BUY entry around 1.1235. It's running in profits now.

TP levels to be located around 1.1280, 1.1320. SL should be advanced to 1.1245 to offset the associated risk.

The material has been provided by InstaForex Company - www.instaforex.com

April 10, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

The bearish channel's upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel's upper limit around 1.1420.

Shortly after, the recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated on March 7th.

Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure.

On March 18, a significant bullish attempt was executed above 1.1380 (the upper limit of the Highlighted-channel) demonstrating a false/temporary bullish breakout.

On March 22, significant bearish pressure was demonstrated towards 1.1280 then 1.1220.

By the end of last week, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200.

This will probably enhance further bullish advancement towards 1.1300-1.1315 where a low-risk SELL entry can be offered.

For Intraday traders, the price zone around 1.1235 now stands as a significant demand-zone to be watched for BUY entries if any bearish pullback occurs.

Short-term outlook remains bullish towards 1.1300 - 1.1320unless bearish breakdown below 1.1250 is achieved on H4 chart.

Trade recommendations :

Conservative traders were suggested to have a valid BUY entry around 1.1235. This positions is already running in profits.

TP levels to be located around 1.1280, 1.1320. SL to be located below 1.1200.

The material has been provided by InstaForex Company - www.instaforex.com

April 9, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

The bearish channel's upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel's upper limit around 1.1420.

Shortly after, the recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated on March 7th.

Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure.

On March 18, a significant bullish attempt was executed above 1.1380 (the upper limit of the Highlighted-channel) demonstrating a false/temporary bullish breakout.

On March 22, significant bearish pressure was demonstrated towards 1.1280 then 1.1220.

By the end of last week, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200.

This will probably enhance further bullish advancement towards 1.1300-1.1315 where a low-risk SELL entry can be offered.

For Intraday traders, the price zone around 1.1235 now stands as a significant demand-zone to be watched for BUY entries if any bearish pullback occurs.

Short-term outlook remains bullish towards 1.1300 unless bearish breakdown below 1.1250 is achieved on H4 chart.

Trade recommendations :

Conservative traders should wait for a bearish pullback towards 1.1235 for a valid BUY entry.

TP levels to be located around 1.1280, 1.1320. SL to be located below 1.1200.

The material has been provided by InstaForex Company - www.instaforex.com

April 5, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

The bearish channel's upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel's upper limit around 1.1420.

Shortly after, the recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated on March 7th.

Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure.

On March 18, a bullish breakout attempt was executed above 1.1327 (the upper limit of the Highlighted-zone). This enhanced further bullish movement towards 1.1450 demonstrating a false bullish breakout above the upper limit of the depicted movement channel.

On the other hand, On March 22, significant bearish pressure was demonstrated around 1.1380 leading to the current bearish decline towards 1.1220 then 1.1220.

Theoretically, the short term outlook for EURUSD pair remains bearish towards 1.1170 and 1.1120 as long as Bearish persistence below 1.1235 (Fibonacci 78.6%) is maintained on H4 chart.

On the other hand, a bullish breakout above 1.1235 (78.6% Fibonacci level) would confirm the depicted bullish Head & Shoulders pattern allowing another bullish pullback to occur towards 1.1280-1.1320 where a better SELL entry can be offered.

Trade recommendations :

Conservative traders should wait for a bullish breakout above 1.1235 for a valid BUY entry.

TP levels to be located around 1.1280, 1.1320. SL to be located below 1.1200.

The material has been provided by InstaForex Company - www.instaforex.com

April 4, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

The bearish channel's upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel's upper limit around 1.1420.

Shortly after, the recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated on March 7th.

Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure.

On March 18, a bullish breakout attempt was executed above 1.1327 (the upper limit of the Highlighted-zone). This enhanced further bullish movement towards 1.1450 demonstrating a false bullish breakout above the upper limit of the depicted movement channel.

On the other hand, On March 22, significant bearish pressure was demonstrated around 1.1380 leading to the current bearish decline towards 1.1220 then 1.1220.

Theoretically, the short term outlook for EURUSD pair remains bearish towards 1.1170 and 1.1120 as long as Bearish persistence below 1.1235 (Fibonacci 78.6%) is maintained on H4 chart.

On the other hand, a bullish breakout above 1.1235 would confirm the depicted bullish Head & Shoulders pattern allowing another bullish pullback to occur towards 1.1280-1.1320 where a better SELL entry can be offered.

Trade recommendations :

Conservative traders should wait for a bullish breakout above 1.1235 for a valid BUY entry.

TP levels to be located around 1.1280, 1.1320. SL to be located below 1.1200.

The material has been provided by InstaForex Company - www.instaforex.com

April 3, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

The bearish channel's upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel's upper limit around 1.1420.

Shortly after, the recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated on March 7th.

Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure.

On March 18, a bullish breakout attempt was executed above 1.1327 (the upper limit of the Highlighted-zone). This enhanced further bullish movement towards 1.1450 demonstrating a false bullish breakout above the upper limit of the depicted movement channel.

On the other hand, On March 22, significant bearish pressure was demonstrated around 1.1380 leading to the current bearish decline towards 1.1220 then 1.1220.

The short term outlook for EURUSD pair remains bearish towards 1.1170 and 1.1120.

Bearish persistence below 1.1235 (Fibonacci 78.6%) is mandatory to pursue towards the next mentioned bearish targets.

Otherwise, a bullish breakout above 1.1235 would initiate another bullish pullback towards 1.1280-1.1320 where a better SELL entry can be offered.

Trade recommendations :

Conservative traders should wait for another bullish pullback towards 1.1280-1.1320 for a low-risk SELL entry.

TP levels to be located around 1.1200, 1.1170 and 1.1120. SL to be located above 1.1350.

The material has been provided by InstaForex Company - www.instaforex.com

March 28, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

The bearish channel's upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel's upper limit around 1.1420.

Shortly after, the recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated on March 7th.

Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure.

On March 18, a bullish breakout attempt was executed above 1.1327 (the upper limit of the Highlighted-zone). This enhanced further bullish movement towards 1.1450 demonstrating a false bullish breakout above the upper limit of the depicted movement channel.

On the other hand, On March 22, significant bearish pressure was demonstrated around 1.1380 leading to the current bearish decline towards 1.1260 then 1.1220.

The short term outlook for EURUSD pair remains bearish towards 1.1170 and 1.1120.

Bearish persistence below 1.1235 (Fibonacci 78.6%) is mandatory to pursue towards the next mentioned bearish targets.

Otherwise, another bullish pullback would be demonstrated towards 1.1280-1.1300.

Trade recommendations :

Based on previous recommendations, for those who sold the EURUSD around 1.1385 should lower their SL to 1.1250 to secure more profits.

Remaining TP levels to be located around 1.1170 and 1.1120.

The material has been provided by InstaForex Company - www.instaforex.com

March 27, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

The bearish channel's upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel's upper limit around 1.1420.

Shortly after, the recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated on March 7th.

Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure.

Last week, a bullish breakout attempt was executed above 1.1327 (the upper limit of the current demand zone). This enhanced further bullish movement towards 1.1450 demonstrating a false bullish breakout above the upper limit of the depicted movement channel.

On the other hand, On Thursday, significant bearish pressure was demonstrated around 1.1380 leading to the current bearish decline towards 1.1260.

The short term outlook for EURUSD pair remains bearish towards 1.1235, 1.1180 and .1140.

Bearish persistence below 1.1280 is mandatory to pursue towards the next bearish targets. Otherwise, another bullish pullback would be demonstrated towards 1.1350 once more.

Trade recommendations :

Based on previous recommendations, for those who sold the EURUSD around 1.1385 should lower their SL to 1.1290 to secure some profits.

RemainingTP levels to be located around 1.1235 and 1.1180.

The material has been provided by InstaForex Company - www.instaforex.com

March 25, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

On January 10th, the market initiated the depicted bearish channel around 1.1570.

The bearish channel's upper limit managed to push price towards 1.1290 then 1.1235 before the EUR/USD pair could come again to meet the channel's upper limit around 1.1420.

Shortly after, the recent bearish movement was demonstrated towards 1.1175 (channel's lower limit) where significant bullish recovery was demonstrated on March 7th.

Bullish persistence above 1.1270 enhanced further bullish advancement towards 1.1290-1.1315 (the Highlighted-Zone) which failed to provide adequate bearish pressure.

Last week, a bullish breakout attempt was executed above 1.1327 (the upper limit of the current demand zone). This enhanced further bullish movement towards 1.1450 demonstrating a false bullish breakout above the upper limit of the depicted movement channel.

On the other hand, On Thursday, significant bearish pressure was demonstrated around 1.1380 leading to the current bearish decline towards 1.1290.

The short term outlook for EURUSD pair remains bearish.

Quick bearish breakout below 1.1280 is mandatory to pursue towards the next bearish target around 1.1235 and 1.1180.

The material has been provided by InstaForex Company - www.instaforex.com