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Euro-dollar

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).
Long
by FTUKcom
5
MarketBreakdown | EURUSD, USDCAD, USDCHF, GBPAUD ❤️Please, support this idea with a like and comment!❤️ 1️⃣ EURUSD - 4H time frame The pair is still trading on a strong daily horizontal resistance. On that, the price started to consolidate and currently trading within a local horizontal trading range. Wait for a bullish/bearish breakout of the range to buy/sell the pair. 2️⃣ USDCAD - Daily time frame The market is trading within a major falling parallel channel. The price formed a double top formation with a lower high on its upper boundary and broke the neckline. Bearish continuation is expected. 3️⃣ USDCHF - Daily time frame The price is trading below daily horizontal support. The structure is considered to be broken and bearish bias remains. 4️⃣ GBPAUD - 3 Days time frame The price has recently broken and closed below a support line of a major rising wedge. Now we see a pullback. The retest of the broken wedge will give a safe point for shorting opportunities. Let the price reach the broken trend line and look for intraday confirmation to open a sell position. ⬇️Subscribe to my social networks!⬇️
Short
by VasilyTrader
4
EURUSD: Your Trading Plan For Next Week Hey traders, It turned out that EURUSD started to consolidate and trade in a sideways market. The price is trading on a strong daily structure and stuck in a narrow horizontal trading range. Now the future direction of the market will be determined by a breakout: In case of a bullish breakout, I will expect a continuation to 1.204 level In case of a bearish breakout, the price will most likely drop to 1.189 I am bearish biased and have an active short position. But if you don't have any active position, it is better to wait right now. ❤️ Please, support this idea with a like and comment! ❤️ ⬇️ Subscribe to my social networks! ⬇️
Short
by VasilyTrader
6
EUR/USD remains pinned around the 1.1900 mark... (New target)EUR/USD remains pinned around the 1.1900 mark (1.1884-1916 range), awaiting further direction/influence, with the softer-than-expected ZEW prompting some modest unstained downticks. However look at the prior swings in correlation to the Fibonacci movements, we should expect some downside action over the next few weeks. Again, a choppy session thus far within a relatively tight 92.092-302 range for the dollar despite US yields earnings higher as participants remain on standby for the US CPI print later today with the M/M forecast at 0.5% and the Y/Y at 2.4%. Analysts at ING argue that such an outcome could add to the narrative that US inflation is starting to overheat.
Short
by FTUKcom
4