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Eurousd

EURUSD | +400 pips Bullish Wave Expected..!! #EURUSD (Update) In daily timeframe Chart, Still Moving Below the Descending Trendline & Crucial Horizontal resistance 📉 At the moment, Bulls once again Heading towards the Key horizontal Resistance (1.1380) If Horizontal & Trendline Resistance Respectively Got Cleared, expecting +400 pips Bullish Impulse in Coming days. 📈 Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Long
by Faibik
2
2 Possible moves for EURUSD pair - SHORT then LONGWe can see EURUSD trading in a channel range on the bigger timeframe of Weekly. Currently we see the pair ranging in a local area of 1.119 to 1.138 after dumping down. The MACD is still strongly trending down, not yet showing clear sign of reversal in momentum. 1. SHORT TRADE : We can look to SHORT the retest of the neckline it has broken down from, 1.15. Target the bottom of the channel around 1.1035 SL above the 3 EMA 50, 100, 200 2. LONG TRADE : We can look to catch a LONG from the support zone confluent with bottom of channel line at 1.098 Target top of channel but TP along the way. SL below channel support line I mainly trade cryptocurrencies as I love the volatility. Let me know if I should do more forex pairs. Do like and follow if you like this idea and benefited in some way :)
by Gold_D_Roger
EURO/USD Technical AnalysisEuro still very weak against the USD, price tired to push a little bit to the upside but couldn't even reach the 0.5 fibo retracement (1.1715) level, I believe the selling pressure will continue to push the prices down. Recently price has created a double top at 1.19 and broke the neckline and the range of this double top pattern has a similar target with the fibo extension level -0.27 which is 1.1420 area which might act as support for a period of time before price sells off more.
Short
by alicanuz
U.S. GDP and ECB Meeting Will Finalise the October Stock Market The last week of October would contribute significantly to the picture of the global markets. So far we may say that fears felt at the beginning of October never came true. Quite the opposite, the Dow Jones index finished last week on new all-time highs at 35764.71 and S&P 500 broad market index which set its all-time highs at 4559.67 points. However, there is plenty to think about as we received divergences to the August highs in the weekly timeframe charts. Divergences are clearly seen on the MACD indicator. And this is quite in line with a possible threat of the decline in the U.S. stock market. So, what could be the reasons this week for such a possible decline, or is there nothing to be afraid of?I would highlight two possible reasons for this. The U.S. Q3 GDP data and the outcome of the European Central bank’s (ECB) meeting, which will both be released this Thursday, October 28. U.S. GDP is expected to slow down to 2.8% from the previous 6.7% for the Q2. Even the U.S. economy may recover in the Q4 and weak data may cause some correction in the market. As for ECB, during its last meeting in September it postponed the decision on bond-buying programs for December. However, recent inflation data that jumped to 3.4% in September, or to the 13-year record, promoted by high energy prices, was reminiscent of the Global financial crisis in 2008. We should not exclude the possibility that the ECB may make some comments on this towards changes in its monetary policy. EURUSD is on the upward move that started October 12. The support line of this fresh trend is at 1.1620. While the single European currency price is above this line and chances are that its strengthening will prevail. The nearest target for this is at 1.1686-1.1736. More long-term targets are located within 1.1800-1.1830.
by scavoanastasiia
1