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Europe

EUR is overbought and has been struggling with major resistanceHello everyone, In this chart you can see the major EUR/USD longterm downtrend. And as we can now see the Euro has come up to a major inflection point. Currencies turn over a longer period so we should still see 45-60 days of chopiness between 1.18-1.20. And then I'd give a 70 % Probability of the Euro going down against the dollar. Though most recently the (the last few days) the dollar has weakened more although still within the parameters of this trade. A weekly close could give more info on where the Euro is going. For perspective check out the other ideas linked below. Thank you, Stay safe, stay liquid.
Short
by MedianLineAnalysis
Did The Unsustainable EUR/USD Growth Come To An End?EUR/USD has made an incredible run over the last two months. It is extremely rare to see such an increase in the forex markets. However, all things must come to an end. Trading forex, the trend has always been much more important than any other market. And here we can observe resistance to our uptrend. There is a confluence of three important things that I will be discussing here: 1. Horizontal Resistance We can see a resistance block that has created a lot of friction for EUR/USD. So far there were multiple attempts around the 1.19 zone, but none of them successfully made it through 2. H&S There is a head and shoulders pattern forming, which is another bearish sign. We are currently moving towards the right shoulder, which means that we might see a temporary increase but ultimately we expect a drop. 3. Trend Reversal If you zoom out we can see the big orange line which shows that the trend has been going upwards consistently but now is making a turn downwards. Also the RSI shows a similar pattern (I took a larger RSI length of 30 to show that) where it now goes into a negative momentum of <50 RSI. All of these combined give me confidence that the price will drop, and caused me to give the 'short' recommendation. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Short
by Trading-Guru
6
EUR/USD Uptrend over ?The pair faced some fresh strong bearish pressure as we go through the end of the week. The move is probably fueled by weak Eurozone PMIs today, which raised investors fears of a slow recovery in the continent that might push the ECB to proceed with additional stimulus. Also, rising Covid-19 cases in some European countries is shifting the risk for the pair to the downside. Looking at the chart, the market already broke below the 20-SMA which provided some support in the recent past, and is trading below an uptrend line on the 4H chart. The bullish bias remains valid as long as the pair is trading above a Daily uptrend shown on the chart above, today at 1.16. Good luck
Short
by RamziAbouAbdallah-CMT
3
DAX INDEXBuenas Noches a todos espero que se encuentren bien, me alegra volverles a saludar, no he publicado nada este último mes porque he estado de vacaciones. Hoy tenemos al DAX para analizar tenemos muchos gaps, mucha volatilidad, CONFORME A PERIODOS DE DAY TRADING OJO A LA RESISTENCIA YH SPORTE DE COLOR AMARILLO Y VERDE. flechas azules indican posibles movimientos en esta semana.Para medio y largo plazo miren los soportes y resistencias en Rosa. SAQUEN SUS PROPIAS CONCLUSIONES ESPERO HABERLES AYUDADO, SI TE HA SERVIDO DE ALGO DALE A LIKE Y COMPÁRTELO. OS INFORMO DE QUE ME PODEIS SEGUIR EN INSTAGAM FACEBOOOK TWIITER.. NOMBRE: wallstreetstocks AHI NO OS PERDEREIS NADA. Un cordial saludo, cuídense L. E. D. En España a 29/07/2020 Good evening everyone I hope you are well, I am happy to greet you again, I have not published anything this last month because I have been on vacation. Today we have the DAX to analyze we have a lot of gaps, a lot of volatility, ACCORDING TO PERIODS OF DAY TRADING EYE TO THE RESISTANCE YH SPORTE OF YELLOW AND GREEN COLOR. Blue arrows indicate possible movements in this week. For medium and long term look at the supports and resistances in Pink. DRAW YOUR OWN CONCLUSIONS I HOPE TO HAVE HELPED YOU, IF IT'S HELPED YOU WITH SOMETHING, GIVE IT TO LIKE AND SHARE IT. I INFORM YOU THAT YOU CAN FOLLOW ME IN INSTAGAM FACEBOOOK TWIITER .. NAME: wallstreetstocks THERE YOU WILL NOT MISS ANYTHING. Kind regards, take care L. E. D. In Spain on 07/29/2020
XETR:DAX
by wallstreetstocks
DAX - Will we see a further decline?Technical aspects: Bears in control: Bearish flag formation once confirmed if it breaks below support area of 12800 area the bears are in control measure the bear flag which goes well with our descending channel 12680-12560 areas are key support areas! Bulls in control: breaks about that key trend-line down going towards reaching the next trend-line area is the next resistance zone 13060 above bulls are in control the next resistance are will be 13200 areas. Keep in mind key trend-lines, channel and the certain patterns forming. We could even add any additional indicators you may use such as RSI, MACD, Fibs etc. Do what your plan says to do. Keep disciplined. Remember: Just a trade idea, not a recommendation
D
by Trade_Journal
EUR BUND - What's next?BUND I like to compare the currency euro with its bond market the bund. Why? Simply looking at the macroeconomic front of countries as we had strong PMI's this friday come out from European countries, bunds is focused to Germany which you could of took scalp or swing trade towards the positive outcome. Whilst looking at the fundamental aspects i'd reflect that towards euro currency pair performance with bunds and as well as that start of the week, we had positive aspect of EU recovery fund deal go through. Whilst comparing this, try this with dollar index currency. I find Bonds are more of long term invest in my opinion - My portfolio view overall: Don't put yourself in one instrument, explore wide variety to build a stronger portfolio. Just a trade idea, not a recommendation.
FX:BUND
by Trade_Journal
Why I'm optimistic about the EuroDespite the uncertainty in the markets (Gold and VIX) and the fundamentals (productivity and consumption) indicate a faster recovery in the United States, which theoretically should appreciate the USD, in my opinion the market remains irrational. But following Keynes' advice "markets can stay irrational longer than you can stay solvent", I prefer not to take a stand against the market. The Fear & Greed indicator created by MagicEins, based on CNN's F&G Index is very useful for analyzing market sentiment, we can see that there is still a lot of room to reach the Jan/2020 greed levels. In the short term we follow the sentiment and the market flow, the CoT shows that the large speculators continue to bet in favor of EUR. The last time speculators were bought on more than 100k contracts was in mid-2018, when EURUSD quote was ~ 1.17. Another important reason in the short term is the EU summit taking place this weekend, where the EU leaders are edging closer to a deal on a Europe Recovery Fund. This can generate great optimism against the EUR. Technically we are at an important top and the tendency of the retail trader is selling tops, but as most of these traders are losers in the long run - I will bet against.
Long
by blacksheepforex
EURGBP - Brilliant trade opportunity!It's a Friday..Don't forget that! Why do I mention - it's FRIDAY. I actually don't like end of the weekend or Fridays but it a fun day as well where I reflect back on my week - checking my trade journal and looking to see opportunities for next week. We have the G20 meeting this weekend. It could be risky entering trades over the week as we don't know what will be the outcome. However, as next week commences, I will be looking at EURGBP - the technical of this chart is so clean. Even on the daily the trend-line in red going down is a key area if it goes above we could look for the bulls to get into control. However, if we get further decline the bears are in control and that's where my targets would be the low 0.90 areas. Above high ends of 0.90 ares bulls are in control - could head to the 0.91 areas. Whilst we reflect on this pair we will be checking the strength of GBP. Remember: This a trade idea, not a recommendation. Give us a LIKE & COMMENT for any other pairs you'd like us to post our analysis on. All the best.
by Trade_Journal