EUR/USD Two Breakout Points Outside The Equidistant Channel

EUR/USD

The EUR/USD has perfectly rejected from both POCs after the setup and analysis shown on Weekly Recap and at this time it is very clear that the equidistant channel is trapping the price keeping the range bound market still in play. After a fake-out that happened yesterday 1.1720-1.1690 (which was still good to trade as a breakout trade, and what I showed during the Live Trading webinar) we can see two POC zones within the equidistant channel that might push or tank the price. If the price spikes above 1.1778 (EMA89, D H3, channel high) the target is 1.1798 and 1.1825. Above 1.1832 we should see a continuation towards 1.1875 and 1.1910. Below 1.1668 (D L5, ATR projection low, channel low), the price could drop to 1.1584.

Follow @TarantulaFX on twitter for latest market updates

Connect with Nenad Kerkez T on Facebook for latest market updates.
W L3 – Weekly Camarilla Pivot (Weekly Interim Support)
W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
M H4 – Monthly Camarilla Pivot (Very Strong Monthly Resistance)
M L3 – Monthly Camarilla Pivot (Monthly Support)
M L4 – Monthly H4 Camarilla (Very Strong Monthly Support)
POC – Point Of Confluence (The zone where we expect price to react aka entry zone)

EUR/USD Two Breakout Points Outside The Equidistant Channel
EUR/USD Two Breakout Points Outside The Equidistant Channel

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets

Don't miss a thing!

Discover what's moving the markets sign up for a daily update delivered to your inbox

More Forecasts

See All
BTC/USD daily chart, January 16, 2018

Bitcoin Price Analysis January 16, 2018, Technical Analysis

New Zealand Dollars

New Zealand Report Show Sharp Drop in Business Confidence

Litecoin

Bitcoin Cash, Litecoin and Ripple Daily Analysis – 16/01/18

Expand Your Knowledge

See All
IOTA The Internet of Things

What is IOTA and How Can You Buy it?

Bitcoin Interview

Top Five Cryptocurrencies Experts Talk about Bitcoin, Blockchain and ICO’s

So who has the most advanced cyber technology

So Who Has the Most Advanced Cyber Warfare Technology?

Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.2239
-0.0027
-0.22%
GBPUSD
GBP/USD
1.3784
-0.0008
-0.06%
XAUUSD
Gold
1337.0
-4.2100
-0.31%
CL
Crude Oil
64.275
-0.4350
-0.67%
SPX
S&P 500
2799.2
+5.5000
+0.2%
DAX
DAX 30
13226.5
+11.000
+0.08%
Live Quotes

Top Promotions

Top Brokers

Don't miss a thing!

Discover what's moving the markets sign up for a daily update delivered to your inbox