eurusd video, page-5

Great stuff guys... my thoughts at this stage for the EURUSD (from a pure technical and quantitative view).

My weekly range is still 1.3655 to 1.4411. Last week, we saw the EURUSD trade below 1.3655 which looked to me like a potential reversal of the trend but it rallied up on the last day to stay above that level which is encouraging for the bullish case.

I apologise that I once again have to show you my "half-baked" Excel charts but hopefully it is a clear enough illustration.

Let's first start of with the pivot points. At the moment, the EURUSD is trying to hold at the Rpivot (red line) and if it doesn't hold, this suggests further weakness for the EURUSD. For the probability trade of above 60%, I will encourage buying above the green line around 1.3810 (I always add a volatility range above the green line if you don't have a timing system handy).



Let's look at FX reversals and volatility measurements. It seems quite clear that on the hourly, we are trading below the trading range which suggests further downside running into the new week. Again, it seems like confirmation at this stage, trading longs above 1.3810 seems to be a safer trade than trying to pick the bottom at this stage.



Hope that helps some of you. I unfortunately am not "game" enough to post a video just yet.

Summary, seems like a short EURUSD this coming day/week unless it rallies above 1.3810 with time support. Happy and safe trading all!