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Europe

BUY EURUSDJust an idea and trade at your own risk. EURUSD reached last week the lower downtrend channel on the daily and weekly timeframes. EURUSD at end of today might have three daily consecutive bullish candlesticks closing (nearly white soldiers candlestick pattern) and rebounding from the recent strong demand zone at current week low around 1.0348 (also weekly and daily lower channel) which may confirm a reversal and correction up with possible next target next to area 1.09-1.10.
Long
by WaelHaz
Bye Bye EURO !! ( CRASH )The levels on the euro's chart against the dollar are highly worrisome. If the European Union does not quickly raise interest rates more aggressively, we could see the Euro fall to levels of €1=$1 or even lower at €0.8=$1. We note that it has been in a bearish channel since about 2005, which it has been respecting in a demanding manner. At the same time we have no nearby supports that can hold the price, so the HIGHEST probability is to fall. The market structure predicts an abrupt and rapid fall towards these levels, probably without giving us any retracement, as happened in the past. We have already broken the bullish guideline within the bearish channel and this is not good news, since there is no " REAL SUPPORT " by market structure ( I REPEAT ) The area where it is right now, is NOT a SUPPORT !!! . Europeans can be affected by this, losing 20% of their wealth added to inflation added to the uncontrolled growth of taxes. :( . Best of luck to All, hope it helps to get a clean picture of the future of the EURO.
Short
by javieralcazarono
1
New possible resistance level after losing the trendAfter breaking out of the upper trend channel where VEUR was trading for the last year we find a new lateral channel that finds support around 34.6 Eur and might find a resistance level around 36.95. Looking at the volume profile on this sideways channel we can see how it is clearly P shaped, usually a sign that consensus exits on the upper part of the channel. This could indicate that a price around 34.6 could be a great entry for a bullish investor. Personally i would wait for a breakout in the channel either to the upside or the downside. It is convinient to look at the fundamentals behind this ETF, the energyu crisis y hitting europe heavely specially the UK, the 21,7% of the holdings of this etf are located in the latter country and it is experiencing a lot of uncertanity around supply chains and energy supply. Personally i'll wait for a breakout and a change on the situation in Europe towards year's end, and depending of its direction i would adjust my position.
EURONEXT:VEUR
by CaptnBNZ