Eurodollar
EURO - To Parity? EURO - CUP & HANDLE - Inverse pattern, has a nice look to it, fundamentally makes sense. If goes above key resistance area, the pattern then will fail.
EUR/USD -29/06/2022-• Trend is still bearish despite latest rally
• The pair broke below the rising wedge; a bearish pattern, drawn on the chart yesterday and closed below it, reinforcing the bearish picture
• Also, descending trend line since Feb 2022 still acts as resistance, today near 1.06
• Horizontal resistance highlighted in gray color (around 1.08) is a major resistance to be watched
• As long as the pair is trading below those resistance levels, it is highly likely that we will see lower prices in the coming days/weeks
• Bears had a successful engulfing bearish candle today and are targeting YTD lows at 1.03 followed by 1.02 and parity
• Recession fears, Russia-Ukraine war, FED-ECB policy gap supports the bearish picture
Lower prices expected on EURUSDEURUSD - Intraday - We look to Sell at 1.0496 (stop at 1.0542)
1.0380 continues to hold back the bears. We look for a temporary move higher. Resistance is located at 1.0500 and should cap gains to this area. We expect a reversal in this move. Preferred trade is to sell into rallies.
Our profit targets will be 1.0382 and 1.0350
Resistance: 1.0500 / 1.0780 / 1.1470
Support: 1.0380 / 1.0200 / 1.0100
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EURUSD : Watch Price Level 1.06185Wait for a close above 1.06185 in considering a buy opportunity for currency pair EURUSD.
$EURUSD - Possible scenariosHi guys! 👋🏻
🔔 Two possible scenarios on EURUSD
🔔 First is the drop to 1.05 and a bounce back to levels near 1.06
🔔 The second is a drop to 1.04 after closing below the 1.05 support.
🔔 Mind the RSI divergence shown on the chart
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
EUR/USD Daily Chart Analysis For July 1, 2022Technical Analysis and Outlook:
The Eurodollar market pushed the 1.04 mark on Friday - Our Key Sup 1.038 was the primary show stopper. The market appears to be likely to fall to an Inner Currency Dip of 1.031, and an ultimate Outer Currency Dip of 0.9765 is in the making.
SHORT EURUSDJust an idea and trade at your own risk.
EURUSD remains bearish on all timeframes and especially after last month closing below past two months.
EURUSD been trading between the descending triangle pattern (yellow lines) on the daily timeframes with failure to break the strong support (demand zone - red highlighted area) around 1.0370-1.0400.
Correction is on way towards the resistance zone (green highlighted area) 1.0520-1.0550 of the upper pattern channel.
A breakout and close below the pattern, will confirm the downtrend continuation to the down channel of the downtrend (white lines) into parity levels.
A break and close above the pattern, will confirm a reversal and possible bullish movement at least towards 1.08 area.
EURUSDEURO is now in up trend it might touch 1.05220.Form this Higher low it might hit its higher high
USDEUR at a crucial Resistance of 0.9669,Breaking it->RocketFX_IDC:USDEUR
Hi Fellow Traders,
USDEUR at a crucial Resistance, if it breaks this resistance of 0.9669 with good volumes, it would be a good opportunity to go LONG on USDEUR.
SL -> 0.9400
Third bottom will push up Eurusd???On my view there is no momentum to push Euro lower than this level in this time.
potential to make third bottom and push it to goes high.
any breakout under 1.0360 will be false.
So, I think risk- reward is kind of good and this level will be attractive to long.
you guys can wait for daily pin bar and after that can take position.
Good luck everybody.
Euro usdbearish trend - added to mt4
showing bullish tweezer formation at lowest low
for review by group
EURUSD: King Dollar reigns supreme!EURUSD
Intraday - We look to Sell at 1.0528 (stop at 1.0564)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. Rallies should be capped by yesterday's high. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0530, resulting in improved risk/reward. Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 1.0447 and 1.0420
Resistance: 1.0570 / 1.0780 / 1.1100
Support: 1.0480 / 1.0350 / 1.0200
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