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EURO-USD

EURUSD: Year's High AHEAD!!! Key Levels & Scenarios EURUSD is approaching a key daily structure resistance. 1.15 is year's high, short rally from that level was just crazy in march. we don't know how the market will react this time, so we must be prepared for both scenarios: in case of a bullish violation of the underlined resistance (daily higher high higher close) the pair will most likely keep growing. next midterm resistances will be: 1.155 1.160 if the structure will be respected (some reversal formation on lower timeframes) the market may retrace. closest midterm supports will be: 1.137 1.130 of course, bias right now is bullish, but it is too late to jump in. let's patiently wait and see whats gonna happen.
Education
by VasilyTrader
18
EUR/USD STRUCTURE BREAKDOWN|SHORT EUR/USD has broken out of the upward diagonal channel, and ignored the double top it should have formed with the last high. Now, it is entering the big resistance area, thus, despite the recent strength, the target trade is a short +RSI near overbought which is a bearish signal. The pair might move further up from the current level, so I am not giving any precise entry point right now. However, a short towards the first support at least will be a good trade. Watch the price action closely, the opportunity for a short must present itself, and now you are aware of it, thanks to me. Thank you for reading, like and subscribe and have a nice day!
Short
by ProSignalsFx
6
E/U 6 week range (1.1175-1.1375) likely to continue prior to ECBMajor currency pairs and stock indices continue to trade inside the shor term range since many weeks as investors are not getting any clear signal of the current economic scenarios hence in a caution mode ,Euro/Usd trading still inside the 6 week range 1.1175-1.1375 and probably continue for more weeks regardless of the ECB meeting due on this Thursday and rates are likely to remain unchanged . Having said that , a spike to test the 8 th march high around 1.1495 handle is possible during the volatility time ,however an upside break out is very unlikely and heavy selling pressures will force to take this pair to test the major support around 1.1025-1.1125 . On the other hand, if a breakout above 1.1500 handle will lead a way to commence a strong bullish trend for many months . Trend : Range Bound Resistance : 1.1375 & 1.1495 Support : 1.1025 Major economic events this week : Inflation numbers from the US due on Tuesday / Earnings reports of Major US banks and other sectors European Central Bank Meeting / ECB Press conference due on Thursday / Retail sales & Consumer sentiments from the US as well
by Alremeithi
EURUSD SCENARIOS EXPLAINED|TRADING PLANEURUSD has broken out from the bullish flag, up through the diagonal resistance. Therefore, the target trade is long. However, I'd wait for the small horizontal structure breakout, which would be a signal of strength for us. It is important to get a good entry price because there is no reasonable level nearby to place our stops below it, and so one might want to be prepared to re-enter the trade. The target is twofold. The horizontal level and the last high, which would make a double top and an excellent short. If the horizontal structure stands, then the pair might as well fall back onto its support. Thank you for reading, like, subscribe and have a nice day.
Editors' picks
Long
by ProSignalsFx
6
There is possibility for the beginning of an up trend in EURUSDMidterm forecast: . While the price is above the support 1.0990, beginning of Uptrend is expected. . We make sure when the Resistance at 1.14950 breaks. . If the suppor at 1.0990 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . The ascending flag taking shape suggests we will soon see another leg higher. . While the RSI uptrend #1 is not broken, bullish wave in price would continue. . A peak is formed in daily chart at 1.1350 on 06/23/2020, so more losses to support(s) 1.1145 and minimum to Major Support (1.0990) is expected. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index (RSI) is 53. Supports and Resistances: S1= 1.1145 S2= 1.0990 S3= 1.0880 S4= 1.0765 S5= 1.0635 R1= 1.1345 R2= 1.1495 R3= 1.1570 R4= 1.1725 R5= 1.1865
Long
by ForecastCity
28
EURUSD: Still Bearish for Next Week hey guys, though my last trading setup on EURUSD was stopped out, I still believe that the underlined 4H structure resistance will hold. on Friday the price has attempted to break above that but was immediately rejected by a bearish engulfing candle. taking into consideration that the pair is locally bearish since 10th of June, chances are high that at least the current local low will be reached next week. goal for sellers is 1.118 if only bulls break above the yellow resistance we can talk about a shift in our bias. have a great weekend!
Short
by VasilyTrader
14
EURUSD Long aiming at resistanceHi everyone! The pair is in an interesting stage. We have seen a surge in the last couple of weeks and yesterday it reacted to support. We stay long aiming to that area of resistance between 1.15-1.155 . We cannot rule out the possibility of forming a Head and Shoulders pattern at around the area we are now. If the pair closes today in the red I will exit it and look for better opportunities. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better. Remember that trading is only part of your life. Do not spend all day in front of the screen!! Surf, Trade, Live!!
Long
by MicKi
EURUSD: Price Action & Scenario For Next Week Ice breaks and EURUSD finally started a bearish movement this week. on Friday the price managed to break below a strong demand area and successfully closed below daily/4H structure. short term bias is now bearish and next week I will anticipate a bearish continuation to lower structure levels. HOWEVER, talking about a 1H t.f perspective, things are bit different: the price has formed a perfect ABCD pattern formation and it will most likely retrace to 1.1275 resistance based on the projected CD leg, and boundaries of a falling parallel channel. then buyers will face a wide resistance cluster and selling rally will most likely continue. next goal for sellers will be 1.117 support (based on horizontal structure and support of the channel) good luck!
Short
by VasilyTrader
20