Summary
EUR/USD ranges 1.1104-1.1215 under a falling D1: sell 1.1190-1.1205, buy 1.1110-1.1125 only on a rejection
EUR/USD fell from 1.1679 in September to 1.1104 on Oct 29 and has ranged 1.1104-1.1215 since. D1 is still below Kijun 1.1190 and the cloud (1.1383), but MACD flattened and crossed up. Sell rallies into 1.1190-1.1205; a H4 close below 1.1100 opens 1.1060.
Key levels
- Resistance · Minor1.12260
- Now1.12191
- Resistance · Minor1.12150
- Resistance1.11900 – 1.12050
- Resistance · Minor1.11750
- Support · Minor1.11600
- Support · Minor1.11360
- Support1.11100 – 1.11250
- Support · Minor1.11040
Timeframes
| Timeframe | Direction | Reading |
|---|---|---|
| D1 | Downtrend pausing at 1.11Low 1.1104 Oct 29; above Tenkan 1.1165, below Kijun 1.1190, BB mid 1.1194, cloud 1.1383; MACD -0.0042 > -0.0046RSI(18) 38.5MACD -0.00424 / -0.00462Kijun 1.11904BB lower 1.11322 | Low 1.1104 Oct 29; above Tenkan 1.1165, below Kijun 1.1190, BB mid 1.1194, cloud 1.1383; MACD -0.0042 > -0.0046RSI(18) 38.5MACD -0.00424 / -0.00462Kijun 1.11904BB lower 1.11322 |
| H4 | Range under the cloud1.1104-1.1215 since Oct 27; between Kijun 1.1159 and Tenkan 1.1175; cloud 1.1191-1.1206; MACD -0.0001 > -0.0002RSI(18) 49.3MACD -0.00012 / -0.00017Kijun 1.11593BB upper 1.11993 | 1.1104-1.1215 since Oct 27; between Kijun 1.1159 and Tenkan 1.1175; cloud 1.1191-1.1206; MACD -0.0001 > -0.0002RSI(18) 49.3MACD -0.00012 / -0.00017Kijun 1.11593BB upper 1.11993 |
| H1 | Recovering toward Kijun 1.1175Fri low 1.1136, now 1.1169; under Kijun 1.1175 and BB mid 1.1172, above cloud 1.1154; MACD -0.0003 < -0.0002; RSI 50.7RSI(18) 50.7MACD -0.00027 / -0.00023Kijun 1.11753 | Fri low 1.1136, now 1.1169; under Kijun 1.1175 and BB mid 1.1172, above cloud 1.1154; MACD -0.0003 < -0.0002; RSI 50.7RSI(18) 50.7MACD -0.00027 / -0.00023Kijun 1.11753 |
| M15 | Grinding up in the Asian session1.1155 to 1.1171 since the open; above Kijun 1.1160; at BB upper 1.1172 and cloud 1.1171; MACD 0.0001 > -0.0001RSI(18) 55.2MACD 0.00007 / -0.00010Kijun 1.11600 | 1.1155 to 1.1171 since the open; above Kijun 1.1160; at BB upper 1.1172 and cloud 1.1171; MACD 0.0001 > -0.0001RSI(18) 55.2MACD 0.00007 / -0.00010Kijun 1.11600 |
Trade plan
3 scenarios are prepared for this analysis. Sign in (free) to see their entry, stop loss and targets while the analysis is valid. They become public once it expires.
- Primary · Sell
- Breakout · Sell
- Counter-trend · Buy
Watch out
- Asian hours: EUR/USD usually moves little before London (15:00 Vietnam time); wait for the range edges
- ISM manufacturing today (15:00 UTC) can move the dollar; US midterm elections on Tuesday and the jobs report (NFP) on Friday
- The range is 110 pips wide: do not trade the middle around 1.1160-1.1175
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