EURUSD 2016 08 30 overview on 4H chart

EURUSD seems having a very nice downtrend however the price has reached support levels, in my opinion price may go down with a low volatility pullbacks.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

EUR/USD update

EUR/USD shows the same scenario (II pattern) on 1D chart as it was previuosly (I pattern). Technically speaking  price can go down to the support level of 1.05600 in a long run.

On 4H chart i can see that price breakeven trendline, did pullpack and now being rejected by the round price level 1.12000.

In my opinion price can go down to the level 1.09500. It is easy to see how people like round levels.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

USDJPY overview

USD/JPY all day long had a downtrend direction. Very soon price will reach support level and in my opinion price may stay in a flat channel for a few days before goes anywhere.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

EUR/USD overview

EURUSD is in such interesting position right now. In one point of view i can clearly see the double bottom. Secondly, price has crossed resistence level and now stays in the very tiny triangle which actually means that possibly we have a new support level and price may go uptrend. Of course there is a big change for the opposite direction,

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.