EURO-USD
EURUSD Is Bullish On Intra-day - Elliott wave EURUSD is in a five-wave intra-day rally on the 15min chart. This impulsive move up suggests a minimum three-wave recovery, with red wave a leading the way. At the moment price can be unfolding sub-wave (v) of a, which can look for resistance at the 1.128/1.13 region, and then turn into a bigger red wave b correction.
Both alternate counts suggest a flat to be in progress: ALT 1 suggests a potential top for a sub-wave (v) to be in place, and an a-b-c move to be underway, towards the 1.123 level, before more upside can follow.
ALT 2 suggests a flat to be in play for a sub-wave (iv), and a retest of the 1.123 level, before we may see sub-wave (v) unfold to the upside.
The SP500 priced in EURO has clues to the true correction bottomThe SP500 can be priced in multiple currencies. This unique TradingView feature can be accessed at the top right of your screen.
The European market has a lot of money behind it, and they invest heavily in the American market. When pricing the SP500 in EUROS and comparing it to the USD, there are some key differences that allow a technical analysis focused trader to find clues as to the future movements of the USD priced SPX index. It's almost as if the EURO market is 2-3 days ahead of the USD market.
Using some simple TA analysis, one can more clearly see why the SP500 is correcting from this level, and where the answers lie as to where the true bottom of the correction is likely lurking.
TL/DR: The SP500 should bottom in the 3850-3900 area at some point in 2022, as that is an equivalent area of major support for the SP500 priced in EUROS.
EUR/USD will drop - bearish pressureHello Traders
Here is a new SELL Scenario, i expect a stronger dollar (Fed Hike coming)
and we are still in a descending trend line
💹EUR/USD SELL STOP
✅ Entry @1.13400 or below
✅TP-1# 1.13200
✅TP-2# 1.13000
✅TP-3# 1.12800
✅SL# 1.14500
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EURUSD Long IdeaEURUSD has just dropped below the key 1.13 level following the recent volatility across markets. This morning the price has fallen towards the support zone of 1.1285, an area where price has seen upwards movement previously. The RSI levels on the 1hr time frame are in oversold conditions (3.48) which shows that there is room for price to increase from this area. The target of this trade is located at the previous resistance level of 1.135, the stop-loss area is located 0.5% from the current level (1.123)
EURUSD - STILL bearish My last 2 ideas on EURUSD have been bearish, and while the structure of the bearish continuation pattern continues to shift, my sentiment remains. We are still in a larger downtrend, price is struggling to gain traction to the upside, the recent strength that many were touting as the breakout indicating the start of a bullish trend has floundered.
Price has returned to what is, in my eyes, the lower channel boundary of a bear flag. At this point though I need to see not just a break below this boundary but a break below the late November low - that is the point at which I will feel confident that price will have broken it's ranging/consolidation period and is set to continue the trend down. As it stands, while my directional bias remains, I don't want to underestimate how long this ranging period could last.
Remember, you can be right about the direction, but if your timing is wrong then the trade is wrong.
My posts are largely ideas, the concepts behind trades. If I'm making a trade, it will contain the Stop Loss and Take Profit levels on the chart.
EUR/USD LONG TRADE SETUP by baris3Target: 1.45
Stop loss: 1.12200
RR: 1.5
My experience from price action of this pair tells me this can go to maximum 1.12500. Which is 0.786 fib level. It already stopped at 0.618. Then it will bounce from here upwards strongly. There were positive news about EUR today which means banks did it intentionally to trap more traders before taking long positions.
EUR/USD - Bearish ↓Eur/Usd
Expecting more downside on EU.
Weekly Time frame -
Structure is bearish making LL & LH
Rejected the descending trend line & 61.8% Fibonacci
Looks like the end of wave 4
Daily time frame -
Price action is in a correction after an impulse to the downside
ABC correction of wave 4
Price did break out of the descending trend line temporarily but closed back inside creating the rejection on the weekly.
Keeping in mind that we do have the 78.6% Fibonacci above current price which aligns with previous structure. I will be monitoring price action and looking for sell entries on the H4 & H1 to complete wave 5 of this impulsive wave. Targeting the -27% Fibonacci.
This correlates with the DXY chart i posted last week expecting USD strength
EURUSD ShortHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around around 1.128 zone. We have 1.123 as a first station for scalping lovers, and 1.09 zone for swing traders. one of the reasons i'm thinking about this trade is the bullish momentum i've noticed on DXY chart. and fed Powell being Hawkish in order to control inflation is an important factor to take in consideration for USD bulls.
if you decided to go swing on this trade please wait for the perfect entry, and also use proper risk management, because swing movements are violent comparing to the movements in the short term. If you have any questions or looking for any update please don't hesitate to comment your opinion below.
Joe.
EURUSD Upside PotentialLooking at this pair on the weekly TF we can see the purple zone i have marked is a weekly demand zone hence why the price is slowing down within it. Now we can also see the shift in structure that has happened shown by the downtrend that has shifted. The price has started to create sets of higher lows and where we are currently trading in is a 4h OB which can push to the upside once we come closer to the london session and the open.