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Euro-dollar

EURUSD: Multi Time Frame Analysis & Important Breakout hey traders, EURUSD reached a strong zone of confluence yesterday. price hit a perfect match of a resistance line of a falling channel and horizontal resistance based on the last higher low on a daily. after testing that area, the price broke below a support line of a rising wedge pattern on 4H. moreover, the price has violated a neckline of a head and shoulders formation on hourly chart. we see many many bearish signals and now the price is slightly recovering. the expanding area between a neckline and broken support of the wedge will be a perfect zone for us to short the pair. target levels: 1.169 1.165
Short
by VasilyTrader
49
EUR/USD - Free Long Intraday Setup.EURUSD - Intraday We look to Buy at 1.1703 We will cut loss at at 1.1687 Our profit targets will be 1.1748 and 1.1768 Risk to reward ratio - 2,8 : 1 Previous resistance, now becomes support at 1.1700. The RSI is trending higher. A move through bespoke resistance at 1.1750 and we look for extended gains. A break of yesterdays high would confirm bullish momentum. 50-hour EMA is at 1.1694. Current levels of: Resistance: 1.1710 / 1.1724 / 1.1740 Support: 1.1700 / 1.1694 / 1.1678 Signal Centre
Long
by Signal_Centre1
EURUSD: Key Level That You MUST Pay Attention to! hey guys, though bearish movement on eurusd is officially started, always remember to look left at structure. the market is very close to a key monthly/weekly support cluster based on 2015's - 2020's price action. with average weekly atr, chances are high that this level will be reached quite soon and then most likely a pullback will follow. consider that yellow area for your swing short targets or for an area to buy from, catching a pullback. always wait for a confirmation on a lower time frame, because the area is relatively wide. good luck!
Short
by VasilyTrader
3
EURUSD - the bulls were tired indeed.In the previous EURUSD update I gave the headsup for a possible correction. It took a while but finally the currency pair broke down out of the upward support line. It marks the end of a succesful 5 wave bull run and buyers will now wait for a safe position to re enter the market. Unfortunately for them, this might not happen until the 1.145 to 1.135 area. There is no other major support to be found on the daily or weekly charts. This could also mean there might be more pressure coming on stock prices since traders are so heavily fixated on the dollar right now. Expect the bulls to come back to EURUSD though! If we find support somewhere in that area and the B wave correction has ended we could ultimately see 1.30 to 1.35 at the end of this year or in 2021. I will keep posting updates if interesting turning points have been reached. Remember: lock your stoplosses in to lock your emotions out! Best regards from The Netherlands.
Short
by vanfleetdaniel