EURO-USD
EURUSD: Two Scenarios Explained 🇪🇺🇺🇸
My yesterday's forecast on EURUSD played out nicely
and the price bounced from a year's low.
Now, based on a current perspective I see two equally possible scenarios:
Bullish scenario
Currently, the market is trading within a strong daily supply zone.
1.175 - 1.1775 is a bears' area.
To confirm a coming bullish reversal, we need a bullish breakout and candle close above that entire area.
The next goal will be 1.1825
Bearish scenario
Because the price is approaching a key daily structure now,
it won't be surprising if the pair will drop (taking into consideration that the sentiment is very bearish for the last two weeks).
Your confirmation here will be a bearish breakout of a horizontal consolidation area on 1H.
Wait for 1H candle close below 1.1732 as your trigger to sell.
First goal will be 1.1707
Wait for the trigger and follow the market.
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EUR/USD:UPDATING OUR PREVIOUS IDEA...BEARISH CHANNEL FIBOUpdate about our last 24H idea.. we are close to take profits.
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Intraday EURUSDPotential to short EURUSD down as DXY pullsback, I am then looking for longer term long positions. Good risk reward. Check my other EURUSD idea for my longer term view on the pair.
EURUSD Daily longEURUSD, has been falling for a while and DXY has been trying to break the March to April highs of around 93.2/93.4 Having failed to do so, we have seen the bulls come into play and price has started to rallying, I believe price can reach pre june FOMC levels at around 1.21/1.2180. GBPUSD rallying very well, XAU rallying also, BTC rallying. I believe this is a good set up to trade.
EUR/USD:NEW SWING FIBO OPPORTUNITY|DOWNTREND|SHORT 🔔Welcome back Traders, Investors, and Community!
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EUR/USD:BEARISH CHANNEL|PRICE ACTION+FIBO|DOWNTREND|SHORT 🔔EUR/USD: downward pressure has weakened, consolidation is ahead - UOB Group.
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EUR/USD:BEARISH SCENARIO SHORT TERM|FIBO SWING 61.8%|SHORT 🔔Welcome back Traders, Investors, and Community!
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EUR/USD:BEARISH SCENARIO SHORT TERM|FIBO SWING 61.8%|SHORT 🔔EUR/USD | Euro to US Dollar Trading Analysis Bearish scenario.
ECB, Villeroy: keeping the accommodative policy at the moment is absolutely justified.
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EURUSD Breakout!!EURUSD was inside a falling wedge and just recently we had a nice breakout. Here is what our set up for a long play will be!
EUR/USD -1/7/2021-• Three important support levels
• From least critical to most critical (Yellow-orange-red)
• Yellow: Mar 20 lows - Mar 21 lows is already broken
• Orange: Nov 20 lows - Apr 21 lows today at 1.1750
• Red: Horizontal support Nov 20 lows - Sep 20 lows at 1.1600
💡Don't miss the great sell opportunity in EURUSD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.19470).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound, and the resumption of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 46
Take Profits:
TP1= @ 1.19160
TP2= @ 1.18806
TP3= @ 1.18460
TP4= @ 1.18300
TP5= @ 1.17970
SL: Break Above R2
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💡Don't miss the great sell opportunity in EURUSD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.19470).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURUSD is in a range bound, and the resumption of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 1.19160
TP2= @ 1.18806
TP3= @ 1.18460
TP4= @ 1.18300
TP5= @ 1.17970
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EUR/USD:FUNDAMENTAL ANALYSIS + PRICE FIBO ACTION UPDATE|LONG 🔔The French Business Survey for June is predicted at 109. Forex traders can compare this to the French Business Survey for May, reported at 107. The Final Spanish GDP for the first quarter is predicted to decrease 0.5% quarterly and 4.3% annualized. Forex traders can compare this to the Spanish GDP for the fourth quarter, which was flat at 0.0% quarterly, and which decreased 8.9% annualized.
The German IFO Business Climate Index for June is predicted at 100.6. Forex traders can compare this to the German IFO Business Climate Index for May, reported at 99.2. The German IFO Current Assessment Index for June is predicted at 97.8. Forex traders can compare this to the German IFO Current Assessment Index for May, reported at 95.7. The German IFO Expectations Index for June is predicted at 103.9. Forex traders can compare this to the German IFO Expectations Index for May, reported at 102.9.
US Initial Jobless Claims for the week of June 19th are predicted at 380K, and US Continuing Claims for the week of June 12th are predicted at 3,470K. Forex traders can compare this to US Initial Jobless Claims for the week of June 12th, which were reported at 412K, and to US Continuing Claims for the week of June 5th, which were reported at 3,518K.
US Preliminary Durable Goods Orders for May are predicted to increase 2.8% monthly, and Durables Excluding Transportation are predicted to increase 0.8% monthly. Forex traders can compare this to US Durable Goods Orders for April, which decreased 1.3% monthly, and to Durables Excluding Transportation, which increased by 1.0% monthly. Capital Goods Orders Non-Defense Excluding Aircraft for May are predicted to increase 0.6% monthly. Forex traders can compare this to Capital Goods Orders Non-Defense Excluding Aircraft for April, which increased 2.2% monthly.
The final US GDP for the first quarter is predicted to increase by 6.4% annualized. Forex traders can compare this to the fourth-quarter GDP, which increased 4.3% annualized. Final GDP Sales for the first quarter are predicted to increase 9.5% annualized. Forex traders can compare this to fourth-quarter GDP Sales, which increased 9.4% annualized. The final GDP Price Index for the first quarter is predicted to increase by 4.3% annualized. Forex traders can compare this to the fourth quarter GDP Price Index, which increased by 1.9% annualized. The Final Core PCE for the first quarter is predicted to increase by 2.5% annualized. Forex traders can compare this to the fourth quarter Core PCE, which increased 2.5% annualized.
The forecast for the EUR/USD is turning bullish following a correction after this currency pair was unable to extend its advance.
Will bulls gather enough strength to force the EUR/USD into its horizontal resistance area?
EUR/USD:DETAILED PRICE ACTION|HIGH+SMALL TIMEFRAME|LONG SETUP 🔔Welcome back Traders, Investors, and Community!
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EURUSD Bounce!EURUSD found support @ 1.1860. It's likely we'll see this pair rally up to fill the gap (shaven top) @ 1.21188 and possibly test the upper trendline.
In terms of momentum...
Monthly is bullish
Weekly is bearish
Daily is bearish and turning bullish
4 hr is bullish
1 hr is bullish
Happy Trading folks!
Cheers! :)
EU 10% today ! Over 40% on Friday! As Forecasted last week. We knew Eurusd was going to make a new daily low. We could have a bit of pullback at the start of week to hopefully push down and fill the weekly gap slip and IMB. Friday afternoon was a great trading day I entered 3 trades with the three wins. All entries were on the 1min and 15second chart! Today, I made a quick 10% in 20mins. I entered on the 15second chart. I will post below. Consistency is the KEY!!!
EUR/USD:NEW TARGET AFTER THE LAST DROP|DEEP BUY OPPORTUNITIES🔔UOB Group analysts write that EUR/USD may continue falling in the short term so our attention is on 78.2 Fibo retracement like the best deep point where open Long positions.
The 61.8 Fibo can be an alternative entry for aggressive analyst.
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EUR/USD:UPTREND|WAITING FOR BULLISH BREAK|MACD DIV|LONG SETUP 🔔ECB, Rehn: we haven't discussed moving away from PEPP.
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EURUSD - DAY TRADE VIEWEURUSD - As per the parallel channel it's running around a stiff resistance zone and potential likely to drag down further, showing weakness over a daily and weekly candles as well, with the technical chart patterns also indicating a loss of momentum,
Go for short sell here around 1.21800
Potential downside target 1.21300
Maintain stop loss around 1.22600
Follow the levels as mentioned in the chart.
Hit the like button and write in the comment section to get more such signals.
Wait and watchTrade mey be taken accordingly, Wait for breakout of middle resistance for bullish pattern. Reversal possible upto lower support
EUR/USD in a long termFor long-term investors, I think the Euro currency will dominate this year, according to my analysis. It has been going upwards since 2020, and it will only bull up.
