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EURO-USD

Consolidation nearly over. Bullish reversal resuming. Long.EURUSD is trading sideways on 5H (RSI = 49.935, Williams = -51.999, CCI = 9.2834, Highs/Lows = 0), extending the Rectangle (yellow - orange lines), which in turn is delaying the bullish reversal on 1D (still neutral on RSI, STOCH, Highs/Lows, Ultimate Oscillator but gaining bullish momentum on ADX = 22.438, B/BP = 0.0019). We don't expect drastic changes today (July 4th) and instead focus towards Thursday's ADP Nonfarm Employment Change and Friday's Nonfarm Payrolls/ Unemployment Rate as the catalysts that may lead us to at least the first target (TP = 1.17310). TP = 1.1800 is on the medium term horizon.
Long
by InvestingScope
EURUSD: New massive bullish wave comingAs you see also EURUSD betrayed itself giving clear clues from its past behaviour. It follows wave patterns it worked out in the past. I also applied Gann square to EURUSD monthly and weekly, and we seem to be at a start of a massive bullish ride. This is zoom in for 4 hours timeframe. I plotted Gann square (unfixed one), Fibonacci retracements and Fibonacci speed circle along the Fibonacci levels. All freely traded markets are governed by a hidden order based on the geometry of the circle or “arc”, which expands and contracts based on the Fibonacci ratio. That is why most traders fail - because they draw straight trendlines and are never able to catch the because markets move in circular arc shaped trendlines after the law of vibration.
Long
by ICFX
EURUSD - Bearish bias as price approaches key resistanceEURUSD has begin recovering slighting since the aggressive selling that continued all last week. Price has been in a strong downtrend for a number of weeks so we are looking for price exhaustion and pullback to key resistance so we can find opportunities to get short with the overall bearish trend. I will be watching closely over the coming week to see if 1)price reaches near term resistance, 2)a price action sell signal forms such as a bearish pin bar, bearish engulfing bar, inside bar, etc. 3) if price breaks below the formed pattern to then give me the confirmation signal I need to enter short. Remember that we don't want to gbe picking up pennies in front of a steam roller by going long in very bearish markets. We are looking for setups with the highest probability of success which in bearish markets like this are short setups.
Short
by krugman87
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