EURUSD Daily MACD Trying to Positively Cross

As seen on Bloomberg, Thomson Reuters, Factset, Interactive Brokers, Amazon and Zerohedge, Tradable Patterns ( provides technical analysis on a subset of three CME/ICE/Eurex/SGX futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

The EURUSD edged higher yesterday, completing what loosely can be described as a Bullish Island Reversal (on the daily chart). Although a longer green candle yesterday would have bolstered the reversal case, today's green candle so far reinforces the bounce off upchannel support (on the daily chart) and the psychologically key 1.15 level. Given that the EURUSD is now pushing up against downchannel resistance (on the 4hr chart), a bit of consolidation can be expected today, but any pullback will be increasingly aggressively bought on dips by longer term bulls expecting a resumption of the upchannel (on the daily chart). The catalyst for a continued push higher today will likely be the US' m/m change in CPI and Core CPI figures released at 830am EST. The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains. I am looking at going long in the green zone (of the daily chart), targeting the red zone by Friday. The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).

EURUSD Weekly/Daily/4hr

EURUSD Technical Analysis

Visit for today's technical analysis on Cocoa, Nasdaq100