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
Euro-dollar
EUR-USD Short After Breakout! Sell!
Hello,Traders!
EUR-USD was rising strongly from the support
And now it has hit a strong resistance
Which stopped the rise and now the pair is coiling below the resistance
I am bearish on EUR-USD and I am waiting for the breakout
Of the local rising support line
After which, I recommend going short on pullback
Sell!
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🏛EUR_USD WILL GO DOWN SHORT🚀
🏛EUR_USD has been moving up for more than a month now
And I think that this leg of the move is coming to an end
Because a strong resistance is ahead and a proper correction is due
Thus, I am expecting the pair to fall
To retest the support below!
SHORT🔥
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EUR-USD Strong Resistance Ahead! Sell!
Hello,Traders!
EUR-USD has bounced off the support level
Just as I predicted in my previous analysis
And is now retesting the strong horizontal resistance
From where I am expecting a pullback
At least half way towards the aforementioned support
With the potential to go even lower
Sell!
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EURUSD Way Overbought!Friday we saw a squeeze up to our next level resistance. Although we expected EURUSD to go higher after breaking above 1.2050, we didn't expect that it would come sooner. Friday's close was below our resistance level so that means all bets going short.
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EUR-USD Will Go Up! Buy!
Hello,Traders!
EUR-USD was trading in an impressive bullish run
And we can see that it is now making a correction
After it broke out the rising channel before
However, the pair has reached a strong support level
While trading in a narrowing bullish wedge pattern
Thus, I am expecting a bullish move
After we see a breakout from the wedge!
Buy!
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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.
EUR-USD Will Go UP From Support! Buy!
Hello,Traders!
EUR-USD broke out of the rising channel
And we can see a nice correction on the chart
However, the support level is quite close
Therefore, I am expecting the pair to go up
Once it hits the level properly
NOTE: the level is quite broad
So be careful not to buy too early!
Buy!
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EUR-USD Will Go Up In The Channel! Buy!
Hello,Traders!
EUR-USD is still trading In a local uptrend
Inside the rising channel, that you can see on the chart
And now, the pair is retesting the channel support
As well as the local horizontal support area
Therefore, I think we will see a move up
With the final target of retesting the resistance
Buy!
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EUR retains a firm tone, but edges slightly off intraday peak...Hello everyone, if you like the idea, do not forget to support with a like and follow.
Prior Chart:
Euro has breached key chart resistance in the form of a descending trendline, but hit another obstacle at 1.2150 before waning amidst a barrage of mostly firmer than expected Eurozone data/surveys that should keep EUR/USD afloat along with 1.1 bn option expiry interest either side of 1.2100 (1.2095-1.2105 specifically).
EURUSD: Bullish Continuation Continues
After a one-week-long consolidation within a horizontal trading range on 4H,
it looks like bulls are willing to push higher.
During the US session on Friday, the price managed to break that to the upside.
Now I will expect a continuation to 1.215 level
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🏛EUR_USD WILL GO UP LONG🚀
🏛EUR_USD went up from support line
Just as I predicted in my previous analysis
I am still bullish on EUR_USD
Because it is trading in a rising wedge in the uptrend
And the next resistance is far away
Therefore,I am expecting bullish continuation
With an aim of testing the resistance above!
LONG🚀
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EUR-USD Bullish Bias! Buy!
Hello,Traders!
EUR-USD is trading in a local uptrend In a rising channel
And has retested the support below 3 times
After which headed upwards inside the channel
The closes meaningful resistance is quite some distance above
And I think that EUR-USD will keep moving inside the channel
Until the resistance is hit
Buy!
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EURUSD: Bullish Continuation Continues
After a one-week-long consolidation within a horizontal trading range on 4H,
it looks like bulls are willing to push higher.
During the US session on Friday, the price managed to break that to the upside.
Now I will expect a continuation to 1.215 level
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EUR-USD Rising Channel! Buy!
Hello,Traders!
EUR-USD broke above the resistance level
And is now trading above it
Also, the pair is trading in a rising channel
And I think that once EUR-USD retests this support cluster
We will see a move up
Buy
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