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Eurlong

EUR JPY - Let's wait the breakout! Morning traders ! Today i show you my view about eur jpy . This cross is moving into a rectangle from more than 1 month , the resistance of the rectangle is around 132 zone while 129.5 zone is acting as a support. In 1h timeframe i've spotted an ascending triangle already formed. The breakout of this triangle may be the signal to go long till 133.5 zone , another long signal that may be useful is the breakout of EMA 100 and 200 that till now acted as resistance. That's my analysis , let's wait the breakout. Have a nice day !
Long
by maro9392
1
EURUSD : Euro/dollar trading above key support zoneEURUSD – Euro /dollar trading above key support zone The EURUSD rotated lower late last week following a push higher in the first half of the week. Price bounced off of 1.2160 – 1.2200 key support zone the week before last as this market is oscillating in a large range between 1.2160 – 1.2200 support and resistance up near 1.2540. EURUSD Traders can continue to look EURUSD to buy weakness near the aforementioned support zone on a 4 hour or daily chart buy signal, targeting resistance levels overhead.
Long
by PkTk13
1
EURUSD - Continuing bullish Posted earlier on my telegram - t.me We see a revisit of the previously broken falling trendline / top of bullish pennant. This area also hold fibo confluences and previous structure- and resistance zones. I use this area as a first level to put on another set of buy orders with targets 1.13 and 1.14. We might even see a retest of a previous strong resistance level starting at 1.146. IF we continue down, the next area to put on buy orders for me would be 1.16 and 1.13. Only if we violate 1.11 I see this pair as bearish.
Long
by timmynorin
Long EUR for long term: COT report, trendline break, current A/CTime to get long EUR. Speculators have turned net long Euros for the first time since 2014 - when ECB started aggressively easing, and EURUSD was above 1.30. Technically: A medium term trendline at 1.10 has been broken. 1.10 psychological round number taken out. Fundamentally: Euro area has large current account surplus vs US - should drive flows into Europe now that political situation has calmed. ECB will soon begin to tighten policy, tapering QE. Fair value for EURUSD is 1.30 based on PPP and current account differentials. Current account differentials should drive FX markets in the medium-long term, as the path of monetary policy is becoming more clear.
Long
by Exercise-Discipline
2
Don't fade the SNB. Buy EUR vs USD, CHFSNB's EUR reserves are at record highs. Combined with the 1) political relief in EU 2) improving EZ economic data 3) ECB likely to start tapering QE 4) a huge current account surplus in the Euro area 5) an undervalued EUR cf. long term moving averages 6) correlation of EUR with 'risk-off' macro environment - likely to persist given overvaluation of equities These are excellent arguments to start buying EUR for the long term vs USD, CHF, GBP, JPY. Today's 'sell the fact' retreat offers good levels to start scaling in to EUR longs.
Long
by Exercise-Discipline