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EURO-USD

Don't miss the great sell opportunity in EURUSD Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.1347). 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 beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 41. Take Profits: TP1= @ 1.1144 TP2= @ 1.1072 TP3= @ 1.1004 TP4= @ 1.0880 TP5= @ 1.0774 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
26
EURO ($EURUSD) | Long Euro 💶 into the Central Bank Meeting? 🇪🇺 The fate of the EURUSD may lay in the hands of the European Central Bank (ECB) meeting taking place on June 4th. Although there shouldn't be any major surprises, and the pair has rallied into the event, things could really go either way. Our idea here isn't dependent on forecasting what will unfold at the meeting, rather our play is based on the chart. www.dailyfx.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 1. Fractal Trend is showing an uptrend (Navy colored bars) on the 4-hour timeframe. This is true despite EURUSD being in a major downtrend since 2008. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy colored lines) and/or bullish S/R levels plotted by Directional Bias (Navy colored lines). 3. The play here is to buy the S1 range after pullback from R1. Our target is R2, and with our stop just below S1 it gives us a very favorable R:R. 4. Although S2 may provide support if we go lower, there really isn't much to the trade beyond that. We are hoping for bullish continuation into and following the June 4th meeting. If we don't get it, we will reassess. Good luck EURO bulls!
by AlphaBotSystem
EURUSD: Key Levels EURUSD started a strong bullish movement. Multiple strong resistances are ahead. Key levels based on 3 days chart analysis: Resistance 1 - 1.11 level based on a resistance line of a major channel + horizontal 3 days/daily structure Resistance 2 - 1.12 level based on a horizontal weekly/3 days/daily structure Resistance 3 - 1.15 levels based on a horizontal weekly/3 day/daily structure + it is this year's high Closest supports are: Support 1 - 1.0975 level based on a recently broken daily structure Support 2 - 1.08 level based on a horizontal 3 days/daily structure pay attention to the lower timeframe once the market reaches one of these levels to catch a pullback or reverse
Education
by VasilyTrader
12
EURUSD Range AnalysisHello traders, I am just sharing my thoughts about EUR/USD pair and at this point price can go either way Up or Down. As it is shown on the price chart we are exactly at the middle of the range where we found a support based on previous candles tops and several bottoms at this particular price level. I personally am more inclined to think that the price will test one more time the 1.10 price level resistance because of the EU statements about relaunching the economy and countries such as Spain, Italy and Germany which wore the most targeted by the new Corona Virus, now are showing less confirmed cases per day, and another reason for that is because the bullish scenario is the path with the least resistance on the way. And if it will fail again to breach the 1.10 resistance price level, it will head towards the Lower Support level as shown on the price chart at 1.07764. Have a great weekend everybody and stay safe ! If this helped you feel free to give a like :)
by monssonalma
EURUSD: Multi Time Frame Analysis & Two Scenarios Explained morning guys, EURUSD is consolidating on a strong daily structure and based on a current market sentiment we have two potential trading scenarios. bullish: I am still bullish biased and due to a nice convergence of a daily/1H support and a rising trendline I still believe that the price can bounce. our trigger for long trade will be a double bottom formation on 1h, the underlined minor horizontal resistance should be broken to the upside. then buy entry on retest of the broken structure with initial target 1.084 / second target 1.0875 bearish: however, a lot of news with fundamental statistics today, so the bearish scenario is highly possible as well. daily candle close below the underlined structure will most likely signify a bearish continuation. confirmed structure breakout will push the price to 1.069 - current daily lower close with a potential continuation to 1.064 - current low. what do you think will happen?
Long
by VasilyTrader
9
The Story of the Euro collapsing to 80 cents. Full Trade Plan.The full story on what triggers the Euro to slowly slip past 1.07, 1.06...and then parity. This is the most dynamic story no one is talking about. When German dynamite starts flickin the ECB lighter...it's only a matter of time. A full sell-off will implode derivative trades that have banked on the Euro ALWAYS being above 1.00. This has enormous macroeconomic consequences and could ultimately lead to the Eurozone exit talks... It's a colorful story that any savvy investor should know about. Cheers
Short
by MIAM1
1
TD breakdownThe same story in different words. Price is likely to retest weekly CPR which just some 13 pips higher or even weekly pivot (some 20 pips higher). But we opened with a gap down on Sunday, so we might as well miss it. The major points here are TD breakdown and TD projection which rarely fail. I ve been posting this earlier though. Nothing changed. Weekly Central Pivot Range and May Opening Range act as major resistance zones now, along with descending TD down-trendline. May CPR was stabbed through last week giving us bias short. For educational purposes only. Top correlation 4 hrs 1 EURUSD - EURJPY 97.5% 2 EURUSD - EXY 95.9% 3 EURUSD - CHFJPY 95.4% 4 EURUSD - USDCHF -94.0% 5 EURUSD - USDPLN -93.0% 6 EURUSD - EURSGD 91.2% 7 EURUSD - GBPJPY 81.3% 8 EURUSD - EURNOK 80.9% 9 EURUSD - GBPSGD 80.5% 10 EURUSD - JPYX -80.1%
Short
by ICFX
2
Euro driven by fundamentalsPrice action and volume analysis are of little or of no help here at all. Though in my previous post I did tell that price will end at the upper side of quarterly opening range (that is where it stopped today). Euro is very much driven by fundamental factors (interest rates) due to the divergence between Eurusd and German-French and US short terms bond yields differential. This divergence have been forming since 2018 and sooner or later such bubbles explode. I would look for longs if price breaks upwards through the quarterly opening range. For educational purposes only.
Long
by ICFX