EURO-USD
EURUSD - Break of Ascending ChannelEURUSD had been moving within a tight ascending channel for a week or so, finally managing a break to the downside yesterday. After several visits to the 1.19 region, it is apparent this is a tough level to break.
Price is currently resting on an area of noticeable support/resistance. I am expecting this zone to break, following which we should see an initial decline to last week's low at around the mid 1.1700's. Should fundamentals permit, we could see a continuation to the November low at around the 1.16 psychological.
Coronavirus concerns combined with vaccine news and also the ongoing Brexit situation will likely be factors contributing toward/hindering any moves lower.
EURUSD - Head and ShouldersA head and shoulders pattern appears to have formed on the EUR/USD H1 timeframe. (Illustrated with L/H/R annotations)
The neckline of this pattern rests on the 1.18 psychological level. I believe, upon breaking this we should see a push down to the July-November swing low at around the 1.16 psychological level. EURUSD appears to be respecting these levels very well as I have noted on my chart.
Waiting for a clean break of the 1.18 with some strong selling momentum to confirm continued bearishness. Fundamentals this week will likely be the catalyst if so.
Stops can be placed above the right shoulder - great R:R on this nice potential swing trade!
EUR/USD 1H LONG SET UPWe had a good spike in dxy, now the question for us traders is do you buy these highs in the dollar index, no you dont because profit taking from todays rallies are next in line. in trading you get highs and lows right? we have had a high in dxy a quick spike, we need a low and dont forgget overall dxy strength is down. stimulus is the catalyst.
Euro ready to catch the bounce!Euro ready to catch the bounce after a bearish attack. (moving down is a good movw to trade)
Possible scenariosNovember roof broken to the upside
Downtrendline broken to the upside
USDCNH is falling to the abyss.
Price stalled bcs we are at strong resistance 1.19000. Round number.
Meade tells US stock market will rise 12 percent this month (negative for the dollar)
But we have untested weekly CPR and weekly pivot. In case of strong trends they are often missed. But if price pulls backs - it will be be weekly central pivot range area.
At any case I am long for now. If price pulls back I will add to longs.
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EURUSD Rising Wedge in ActionHello Traders,
Seems like EURUSD is performing a Rising Wedge which will then cause it to drop after from previous patterns!
Trade Safe
RSI divergence on 4 hrsPrice is likely to reverse or pull back from 1.16500 due to RSI divergence at round figure. Target round figure of 1.1700 (weekly pivot which just 1.17144). Weekly pivot rarely get missed.
EURUSD - Potential short term retracement 🔽EURUSD brokeout above the double bottom neckline resistance as expected from my previous analysis.
RSI is overbought.
Breakdown below parabolic support could be a bearish signal ⬇️.
EUR/USD 🇪🇺 🇺🇸 to test the 0.236 fib lvl.Though EUR/USD 🇪🇺 🇺🇸 is still not back into triangle right now we managed registering +0.34% of profit. According to the RSI oversold and Aroon the price is going to test the 0.236 fib lvl again.
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Gap slips comingPrice will run down to fill all the inefficincies...
Read from a reliable source that the area btw 1.18000 - 1.20000 is ECB´s nonverbal official intervention zone.
EURUSD Long Trade 28/10/2020Targeting 1.20 near term/ 1.25 long term.
Repetition of a pattern seen back in 2017, very similar price action.
Stop loss below previous lows should be safe in my opinion (50 pips)
EURUSD 1H TRADING PLANWALKTHROUGH AS SEEN IN CHART FOR RECENT EVENTS. brilliant week so far lots of pips in the bag over 500 and counting.
EURUSD outlookPrice covered the previous inefficiencies (a little bit left to the downside but no space to go short short-term).
I would look for temporarily long (countertrend). And then when we cover the existing inefficiency I would go short again.
Euro rarely leaves such inefficient moves behind. Whenever you see a series of long candles with no pullbacks (illiquid runs on low volume, as price "gaps through" in search for liquidity and once it hits counterparty that fills all the demand price slowly drains back to where it busted from) - be sure price will come back to fill them. This and more is explained in great detail on - protradersclub.com
EURUSD - DAY TRADE VIEWEURUSD - As per the hourly chart and trend line breakout it should go up from the resistance zone.
My approach will be a buy only above 1.18255
Maintain stop loss around 1.17850
Potential upside target 1.18600 - 1.18800
Follow the levels as mentioned in the chart.
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EURUSDAll content have only educational and informational purposes, and never should use it as financial advice.
EURUSD Weekly analysis, Oct 26-30Euro against dollar, had a bullish last week, it closed with high price of 1.186 area, sitting below the resistance , this pair may see a downward trend to go 1.16 area , towards the end of the month ..this movement will decide the path of November of EURUSD pair
Note- price action analysis is only for education purpose only
EURUSD buy potentialGood afternoon traders
We are looking at a potential buy zone for the eurusd!
We will wait for some bullish price action before jumping into the trade.
Cheers :D
EUR/USD DAILY PICTURELook for times to accumulate on lower timeframe, as the big picture is continued uptrend.
