EUR/USD, the ‘Raising Flag’ on daily chart

aureus-invest-eur-usd-august-18

With respect to my monthly analysis from August 02. and the forecast of the eur/usd possible target after the break of important resistance, here’s how I see the pair on daily chart. As you sow in the market, the pair is moving for days in between 1.17 and 1.18 without a clear direction and based on my technical chart, this raising flag could be a possible reason for that.

In my previous EUR/USD analysis, I have marked this support which starts at 1.1750/600, follows at 1.0600/500, where I see the strong buying interest now. As I wrote in my monthly analysis, I don’t see the pair bellow that level again in 2017, but as you know, everything is possible in this market. In my point of view, this could be just a break and road to the new 2017 high for the pair. As allways, it’s so interesting to follow and to trade the fx market for us, we are trilled with each the planning of the furder possible moves.

Advertisements

2 comments

  • Pozdrav Mario,tako je dobro ponovo vidjeti tvoje analize! Nadam se da si OK i da si ponovo u igri ,mislim poredane kockice u glavi! Eto malo si me potaknuo sa ovim analizama gdje sam trebao izaci iz sell pozicija, ali sto je tu je,jos sam u igri,ali vise ne vjerujem u USD a kamoli u paritet tog para! Mislim da skok EUR-a koji je usljedio nakon dobivenih izbora pa do jucer nije opravdan ali tko se moze boriti protiv trzista,nadam se da zbog toga tj jakog tecaja Eura ECB nece jos suziti program kupnje,pa bi tecaj mogao dodatno padati,recimo oko 115! A nakon toga u 2018 uzlet ,recimo 130.Jadan Mario se ocajnicki bori da trziste na press konf,shvati da ne zele jak Euro a ono nista,tecaj galopira prema gore,pa se nadam da je moguca odgoda suzavanja programa! U svakom slucaju super je ponovo cuti tebe i idemo dalje!!!!! L,P,

    Liked by 1 person

    • Pozdrav Sox, jesam sve 5, nadam se i kod tebe isto.
      Evo, ma ovo sam pisao na mojoj stranici aureusinvest.com ali sam ih odlučio prebaciti ovdje na blog. Vjerovatno ću nastaviti tu također pisati, ne često kao prije, ali ovako nekad kad vidim da je možda bitno.
      Da, Draghi ima problem trenutno prejakog eura, pa čim se približi 1.20 odmah izlaze sa izjavama da nisu sigurni kada će ukidati QE program. Mislim, kad već nemaju ništa konkretno protiv jačanja eura, a nemaju. 🙂

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s