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Euro-trading

Short-term trading strategy for euroAccording to Investing, the USD has become more stable after somewhat mixed comments from Federal Reserve Chairman Jerome Powell on the interest rate roadmap. The greenback ended the week lower as traders booked some recent profits. In the past week, the DXY index turned down as US Treasury bond yields continued to rise. The 10-year US Treasury bond interest rate hit 5% this week. In a recent speech, US Federal Reserve Chairman Jerome Powell reiterated that inflation in the US remains high. According to forecasts released by the US Central Bank last month, the Fed is likely to raise interest rates by 25 basis points again this year. At the next meeting on November 1, the market still expects the Fed to keep interest rates unchanged.
Short
by FalCol_TradingMaster
EURUSD: Detailed Structure Analysis Important 🇪🇺🇺🇸 Here is my latest structure analysis & key levels to watch next week on EURUSD. Horizontal Structures Support 1: 1.0630 - 1.0635 area Support 2: 1.0516 - 1.0545 area Resistance 1: 1.0717 - 1.0737 area Resistance 2: 1.0755 - 1.0775 area Vertical Structures Vertical Support 1: Lower boundary of a falling channel Vertical Resistance 1: Upper boundary of a falling channel Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
10
EURCHF: Your Trading Plan 🇪🇺🇨🇭 EURCHF set a new higher high higher close on a daily last week. Then the price retraced to strong horizontal structure support. From that, I am looking for a confirmation to buy. On 4H time frame, I spotted a double bottom formation. I will buy the pair after the breakout of a neckline. We need a 4H candle close above 1.0425 - 1.0445 zone to confirm the breakout. Then a bullish continuation will be expected. Initial target will be 1.05 If the price sets a new lower low on 4H, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
EURUSD: Breakout & Two Zones To Watch Next Week 🇪🇺🇺🇸 Hey traders, This week EURUSD broke and closed below a year's low. Trading below that structure we remain bearish bias and expect a bearish continuation on a mid-term. From a current perspective I will expect the next swing move from two potential sell zones: Zone 1 1.17 - 1.172 Resistance. Wait for a test of that structure and look for a confirmation to short from there. Zone 2 1.179 - 1.1805 Resistance. Upper supply area, in case of a bullish violation of zone 1, will be the closest safe area for potential shorting. Watch these zone carefully next week. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
9
EURAUD | SellHi, We got a bearish candlestick pattern on the 4H chart called Evening Star. The rejection came from the EMAs crossing area and the old strong support area worked perfectly as a resistance. Actually, the biggest action was made on the Daily timeframe and on Friday. At the moment, the current price action just confirms Fridays bearish Engulfing close. The entire setup: 1. Daily Bearish Engulfing, it got a rejection from EMA 50&100 and 2016 worked as resistance. 2. After the Bearish Engulfing, a classical pullback which found resistance from the old support level and from EMAs - 50, 100, 200. 3. It got a rejection from them and the rejection ended with a bearish candlestick pattern on the 4H timeframe - Evening Star. 4. The Evening Star closed below the round number and basically, it is ready to go into the lower levels :) If the price starts to move inside the descending channel then the major target should stay around 1.60700 Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Regards, Vaido
Short
by VaidoVeek
1