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Euro-dollar

Euro/ USD Bearish ABCD Here on the Euro/ USD we have a Bearish ABCD Pattern. Now this is as contrarian as it gets. The stock market is super inflated, Bitcoin (BTC/USD) is figuring out if its going to bounce or dive... overall this is an interesting picture. from the technical stand point we are waiting for the AMP-RSI to return back to the extreme area and on the candle that drives the RSI out of the extreme area we enter. it is also very nice that the completion of the pattern is at an 88 swing point. so ideally we will want to see price come back into the box, the AMP-RSi to be thrown into the overbought zone, then a strong candle out of the box in our direction. i will say the ideal candle out of the zone will be roughly 20-ish pips and anything 40+ is chasing the trade! The first gold line is our TP1 and BE spot. cant go broke taking profit if using proper RM. Lately my entries have been sub-par at best and putting it lightly, so this has forced me to go back to Carney's books. I wish everyone a happy trading Wednesday!
Short
by ARegularGuy
EUR-USD Local Long From Support! Buy! Hello,Traders! EUR-USD is trading in a local uptrend along the rising support line But has hit the horizontal resistance twice establishing a double top Indicating a certain degree weakness, and is now retest the support again I think that,though risky, a long trade is appropriate After all the trend line is not broken Therefore, I am expecting one more retest of the resistance Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Long
by TopTradingSignals
12
EURUSD 05/24 - 05/28Hey Guys! Last week, we got what we expected with excellent price delivery; however, the way the week ended tells me that it's more likely that we're going to get a deep sweep of those monthly highs; likely up into the 1.23000 before the larger correction. Note that this doeesn't have to happen - if price drops down to 1.20300, I would be surprised as OUR MAIN BIAS IS DOWNISDE. That means regardless of if this goes up one more time, structure is still pointing down. If we're going to see upside, Mon or Tues will create the low of the week and we can look for longs. If it just starts moving up beginning week, it'll like reverse on Wed/Thurs to the downside. Stick to your plan, wait for lower timeframe confirmations and ride it. Just remember, the bigger wave is to the downside according to structure
by liquiditytrading
2
🏛EUR_USD BEARISH BIAS|SWING SHORT🔥 🏛EUR_USD has been trading in a bullish trend for some time now But the move has visibly lost momentum lately And has stalled following the failure to break a horizontal resistance As you can see, the pair is trading in a local narrowing wedge Which is also a bearish sign, and thus I am bearish on EUR-USD mid-term I think that on the opening session we might see a move up to retest the resistance one more time Followed by the breakout of the wedge to the downside And a bearish move towards the nearest support SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Short
by ProSignalsFx
7
EUR/USD nestling support! Both looking susceptible to steeper depreciation vs their US rival, with the Euro only just recovering from a stop-chase through the 18 DMA (1.2060) in time to avoid more sell orders sitting at or beneath 1.2050. Nevertheless, EUR/USD also faces heavy and layered option expiry interest from the round number above to 1.2150, including 1.3 bn at 1.2100, 1 bn from 1.2115-35 and the same size between 1.2140-50. Overall further upside is anticipated over the coming weeks.
Long
by FTUKcom
12
EUR/USD: IDEALooking @ the 1D chart the EUR/USD looks to have turned bearish Currently trading @ 1.21300 EU touched resistance @ 1.21800 and failed to break above this level 3 times. Bearish Harmonic formed at this area signaling a possible reversal With the DXY looking Bullish the EU might fall even lower We expect it to fall back to 1.20, then 1.19500 which is 50% Fib Ret. On the other hand if the pair treats down-trendline as support then we would expect it to reach 1.22, 1.23 before it falls Link to previous analysis below
by fxspott
EUR - FUNDAMENTAL DRIVERSFUNDAMENTAL BIAS: WEAK BEARISH 1. Virus Situation The outlook for EUR remains tied to the EU's ability to overcome its coronavirus pandemic. At present, the outlook appears bleak when we only consider the virus cases, with many European countries entering third waves and reinstating or prolonging economically damaging lockdown restrictions. However, the vaccinations roll out has seen some improvement recently and with the number of doses expected to ramp up substantially in May the outlook from a virus point of view is starting to look better. 2. The Monetary Policy outlook for the ECB Even though the FED and BOE are nowhere close to hawkish, they are far less dovish than the ECB, who has decided to front-load asset purchases to keep EU bond yields from rising too fast. The string of contradicting comments also shows a possible growing rift among the GC which could prove problematic when it comes to potentially altering policy in the months ahead. The bank remains one of the most bearish members, but the continued battle between the hawks and doves has seen some participants starting to abandon their dovish stance on the bank and is starting to consider whether tapering might be closer than previously thought. 3. The country’s economic developments The vaccination roll out and additional lockdowns has weighed on EU growth prospects, with growth differentials for the EU versus the US and UK widening. Fiscal support is another factor where the EU Recovery Fund is yet to be ratified while the US and UK have both rolled out additional stimulus and plans more in the months ahead (US). Having said that, the recent economic data such as PMI’s suggest the hit to the economy from the most recent lockdowns has not been as bad as previously feared and we have heard plenty of participants have started to position themselves for a recovery in the Eurozone. As a result, we have adjusted our bias for the EUR from Bearish to Weak Bearish.
by thunderpips
1