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Euro-dollar

EURUSD: Decisional Year Ahead! Major Reversal & Waves DXY weakness initiated a strong bullish trend on EURUSD from this year's spring. Weekly time frame shows that the price is very close to a major weekly resistance cluster. 2018th structure high will be an important decision point for the pair. Bullish violation of that will signify a major shift in a market trend and initiation of a long term bullish trend on EURUSD. In case if the resistance is respected, we may expect a bearish wave all the way down to the support of the 5 years' weekly range. With the complex fundamental situation and uncertainty with covid, it is hard to say what will happen. However, we can not deny that in dark times money flows to dollar. So I will stick to a bearish scenario. What do you think will happen? Share your thoughts in comments and support the idea with like!
Short
by VasilyTrader
33
EURUSD 0.618 PULLBACKSO since the move from the previous consolidation we have pulled back to the 0.618 fib three times and rejected with pin bars, now price appears to be being squeezed, price always has retreated to the ema 89 and this signifies to us that we are in fact in an uptrend. Fundamentally we look at the weakness in the dxy index and the dollar, with gbpusd and gbpjpy having made large moves earlier today, maybe we can see eurusd and eurjpy makes its own attempts at a rally.
Long
by UnknownUnicorn6102956
EURUSD: Bullish Wave Continues! Where is the STOP?! EURUSD remains sharply bullish . The price keeps growing setting new structure highs. On a weekly we can see where bulls are aiming at: during the last 5 years, the price is trading within a gigantic horizontal trading range. 1.04 is the support of this range and 1.25 is its resistance. Right now the price is very close to the upper boundary of the range. It looks like bulls are willing to reach that soon. Only then we can expect a strong pullback and potential reversal, but for now, let it run.
Short
by VasilyTrader
2
EURUSD: Bullish Wave Continues! Where is the STOP?! EURUSD remains sharply bullish. The price keeps growing setting new structure highs. On a weekly we can see where bulls are aiming at: during the last 5 years, the price is trading within a gigantic horizontal trading range. 1.04 is the support of this range and 1.25 is its resistance. Right now the price is very close to the upper boundary of the range. It looks like bulls are willing to reach that soon. Only then we can expect a strong pullback and potential reversal, but for now, let it run.
Short
by VasilyTrader
10
EUR_USD When Will The Rise Stop? EUR_USD is in the rally for 8 months now With no end in sight, breaking through all possible resistance lines This was a result of the FED cutting rates to almost zero in march 2020 Which whipped out the positive difference between the interest rates Of Euro and US bonds, making the carry trade from EUR to USD pointless 700 billion QE and the Treasury Massive economic relief bills added fuel To a wave of the closing longs on USD. Thus, the rising Euro, and the falling Dollar However, there is a limit to this effect. Fundamentally,US economy is much healthier And will recover faster, when the pandemic ends Which will make the Dollar investments attractive again Relative to the permanently stagnant Europe Add to that the Global Dollar shortage And the fact that the same Treasury stimuli that initially added pressure on the Dollar Will boost the economy, while Europe, is barely launching its first recovery fund. All that taken together means that the Euro will stop rising in the mid term perspective And Start to decline back to the pre-pandemic levels In the long Run Technically, there is a strong resistance level Near the local high of 1.25000 So I think it might be the high of this rally too. Mid term-long Long term-Short Like and subscribe to never miss a new idea!
Long
by ProSignalsFx
3
EUR USD SELL (EURO - US DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. These are the fundamental reasons for a possible EUR/USD bearish scenario: Sentiment shifts: Bearish scenario: A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no deal by EU summit. In this scenario we would expect to see downside in equities across the board, with US equities expected to fall more if we see US stimulus talks break down and more downside for EU equities if we see Brexit talks collapse and upside in the dollar across the board. Strong equity sell offs are usually accompanied with some support for the US dollar as the world’s reserve currency and with its safe haven status as well as Japanese yen and Swiss franc.
by thunderpips