Get started

Eur_usd

EUR/USD looking to sell on the 240Post Brexit things are still a little unsteady but starting to get back to a normalized pattern. There was a strong Brexit impulse down which is was projected by the linked chart. It is now in correction and could resume the down movement at anytime. I am looking for a break of the blue 4 hr trend line with a small flag or correction below (three x 1 hr candles minimum). A break of that flag is my entry point. If price rises to the .618 retracement I will sell there with my stop above previous swing high. There is a small area of resistance just above the .618 that could be a more refined entry area. My target will be around the 1.08 - 1.07 area. Educate yourself, create a trade plan, validate your trade ideas with other traders ideas. Own your trades good or bad.
Short
by nahidik
the euro rebound ends shortlyCurrent Situation: - Euro rallying after massive Brexit fall - In the medium term, EUR/USD is range bound since January Looking Ahead: - Price now retreating from short term minor trend line resistance - Possible reversal patterns forming - Close below 1.1075 confirms the selloff to support near 1.0525 has begun Notes: - Expect not only expanded stimulus from the ECB but pressure from Euro area governments on the ECB to support fiscal stimulus efforts by loaning more money to Eurozone banks. More analysis and information here: Sea Lion Capital Management LLC
Short
by positionforex
$1.107 is a technical pivot on EURUSDCheck out this technical pivot, that has acted consistently as support and resistance on various occasions since November. Note the 200-DMA at $1.1097. I currently have a bearish take on this pair below $1.12 given the channel support break last Friday, and short entries seem possible below $1.11 today. If prices rise above this level on a daily close basis, I might re-evaluate my stance on the market (moving towards neutral with a bearish biais).
Short
by ABRAK75
EUR/USD a shorting possibility is comingWe have a strong move away from the TL This would indicate another move up for a correction of the major wave down. I am expecting the weakness that may be appearing in the DXY will correspond with a long here. We are getting close to Brexit so these will be volatile markets and could swing at any misstep or word from the talking heads. I believe the UK sticking around for more punishment is the likely choice and that has been priced into the market. If they leave short all the Euro would be a good idea. So if we get a continuing strong market pull back look for the 618 fib as a target. A gentler kinder pullback will indicate a good shorting position. There is a very strong resistance line at the .382 so keep one eye on the DXY and the other on your bail button. Educate yourself develop a trading plan and use other's ideas to validate your won. Be responsible for your own decisions. Know your limit and trade within it.
Short
by nahidik
One possible bullish scenario for the dollarLet's keep it as simple as possible. The dollar's in a trading range with clearly-defined support and resistance levels. The market's currently trading in a non-optimal zone for anyone wishing to do long on the dollar. And for those wishing to short, while it may be feasible at current levels for a short-term strategy, you run the risk of seeing the market quickly pare losses to follow through with the reversal that we witnessed at the 92 level (range support) two weeks ago. I'd really like to see the market make up its mind and find a longer-lasting trend, and given that the overall dynamic remains bullish since 2014, I'd be more inclined to follow bullish trading signals at this point. One scenario that I find interested would be to see the dollar pull back to around 92-93 before once again reversing. Coupled with the right fundamentals and news flow, such price action could provide the ample amount of momentum to really establish a new strong dollar phase in the market. There could also theoretically be a strong dollar sell off if the Dollar Index were to break below 92 in the next few weeks. Take a look at the monthly RSI, and you'll see a classic case of negative divergence, November's monthly close being higher than the March 2015 close. We're currently at the crossroads of determining whether that divergence will give way to a real bearish reversal or if we're just in a distribution phase before heading north again (to eventually reach new highs). Watch this one, because something big's bound to happen.
TVC:DXY
by ABRAK75