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Eur_usd

EUR-USD will follow the S&P 500In the previous collapse of the S&P 500, after the closing of some carry trade operations, investors preferred to buy the US dollar, which strengthened against all other currencies. Now, if there is a new bearish phase for the American stock market, we will most likely witness the simultaneous strengthening of USD. In this case, EUR-USD, whose price seems to have stopped on the POC, could drop at much lower levels than the current one, with the first target area at 1.08600.
by TradingwDavid
EUR/USD Welcome all! The main trend is still downward, at the moment the pair continues to fall. A number of factors are now putting pressure on the currency pair: the situation with the corona virus, oil prices, decisions of central banks at the interest rate, and economic indicators. But after each decline there is either a correction or a trend reversal. Now we are drawing a downward wedge. And this is a bullish sign of growth. A good entry point would be 1.0888 P.S Friends, support this idea with your like and any comment. It will be the biggest thank you on my part for my work.
by CHOWTRADE
EUR/USD Short Idea (4hr)Hi all, Looking for a short on EUR/USD if price returns to the trend line in the zone marked with the red box. When taking into account the weekly time-frame we can see that our overall bias is bearish. Although the market has made lower highs in the last ten weeks or so it has yet to break out of the overhead downward trend line. The bias is also bearish on the daily time frame. Although the market was able to make higher highs from September time price rejected the 1.2285 area where it met overhead key levels. The 4hr tend line also coincides with a daily zone (blue shaded box) in which the market has previously seen a lot of price activity which gives added confluence to our trade. Please note that this only a trade idea and all trades should only be made following your own research. TP1 = 30 pips TP2= 1.1067 area (85 pips) TP3 = TBD depending on price reaction at TP2 area
Short
by PhantomForex
GJ: Can we execute after a rejection this week?This pair has created an opportunity for us to take advantage of a supply zone in a period of consolidation for GBP/JPY. "Consolidations happen either during trending market phases or before a new trend. There are different consolidation patterns as we will see later: sideways ranges, wedges, double/triple tops or triangle shaped consolidations, just to name a few. To shake off amateur traders, you can frequently see false breakouts and breakdowns during horizontal ranges. It is, thus, very important to wait for a confirmed breakout where the price actually closed outside of the range.", says Rolf. This trade as always will be posted when the time is right. We're counting on a good week of volatility! Rolf, Graeme, How To Trade Consolidations -, Tradeciety Online Trading. (2019).
Short
by UnknownUnicorn3442968
3