Euro Head & Shoulders Almost at Target!Hey Traders in my last lesson I had mentioned a few weeks ago that the Euro could be forming a market top. Well as we can see I called the forecast correct which is a great feeling when it happens. It is also frustrating when it does not happen. But it seems the Dollar keeps getting stronger and I believe soon the Euro may reach it's profit target. I would continue to short any currency pair against the dollar right now. So keep shorting EUR/USD, AUD/USD, GBP/USD etc....
So lets dive in today and see how it all works.
Trade Well,
Clifford
Eurousd
EURO / U.S. DOLLARIt seems to me that EUROUSD will decrease in the next few minutes. Anyone who needs an advisor, I'm on duty.
Note:
(When I set the target and stop loss in a number that does not mean that the price will reach it, I only gave a buy or sell signal according to the analyzes that I performed in the chart and I delete it later, in order to share it with you so that you have a clear picture and you can read it in clear way
2, when you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying the target or stop loss, we will decide when to open and close the position, thank you !!)
EUR/USD: Forecast: LongHere is what to expect
RECAP:
In our previous analysis EUR/USD was trading at 1.21160, we expected it to retrace back to 1.21000-1.20800 before a continuation to the upside.
This is exactly what happened and EUR/USD hit 1.21428 triggering our buy stop which was closed by our system after registering at a false breakout as DXY was trading at previous support levels. Closing our Buy Stop position at minimal loss.
WHAT TO EXPECT:
EUR/USD is still bullish
But for now we expect it to continue to fall to 1.21000-1.20800 before it rebounds back and continue its uptrend
Bullish Cypher formed on the 1H chart
OUR POSITIONS:
Currently @ 1.21100
Buy Stop Adjusted to: 1.21250
Buy Stop TP 1 @: 1.21400
Buy Stop TP 2 @: 1.21600
Sell Stop @: 1.20500
Sell Stop TP @; 1.20300
Previous Link below
EURUSD at turning point - Sell SignalRule one of Forex analysis: Look left.
Price is retesting this pivot area that has acted as past support and now resistance. I expect price to drop down to the next level.
Indicators:
1. Strong daily resistance.
2. RSI in sell zone on daily.
3. Bull candlestick exhaustion.
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
Trading made Simple
Jan 2021: 14%
EURUSD, short will be. No activity on previous downward.Hi friends. Eurusd want to go down to market levels (i mark it green color on the chart window). We dont have good trading activity on previous downward so i think it's time to repot more productive short. Levels thanks to X-Lines. Volume analysis thanks to "Earned Pro" script.
EURUSD, non stable short now (correction done).Hi friends. EURUSD want going upper for a small distance i think 1.2162 is good chance for bulls. But now we will have a subcorrection for thi small growth and will see what can bring market future ... Target for bears 1.2110, 1.2077. Target for bulls - transit level 1.2162.
Levels thanks to X-Lines script. Follow me. I will update trade can change in any time.
EURUSD, short to 1.2135 after point 1 was sold.Hi forex traders. EURUSD can shortly go to 1.2135, 1.2110 in next week. I mark all interesting market processes on the chart window. Like you see modified "Earned" script show big solds at 1.2162 and 1.2187. Of course it can been just correction.
Levels thanks to X-Lines script. Follow me.
EURUSD, long active. Big purchases and price going upper.Hi everybody. Like i write in previous idea we have big purchases under my previous SL 1.2080. And now going upper to bulls target: 1.2213 & 1.2239. Also and great is a fact that purchases above 1.2145 is not realised. I mean this long will be greater oure waiting ... Levels thanks to X-Lines script. Follow me.
EURUSD 11 January 2021 - Daily TimeframeHi traders and welcome to my channel ...
As already mentioned in the previous analysis of EURUSD, pairs still in the uptrend but the price Breaks the KEY LEVEL so it works as a 1Hour RESISTANCE in my chart and if the price close blew at a level of 1.22155 so I think we have a continuation of a bearish … it's going to retest and down to first support of my daily chart: 1.19201.
All info can be found in my chart.
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Good luck guys and be careful
Thank you
________________________________⠀
DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
$EURUSD - Some economic events that will push Euro higherHi guys! 👋🏻
🔔 Trump wants to increase the amount of these taxable checks for the Americans. Asides from the $892 billion stimulus checks, the $1.4 trillion in federal spending which is part of the Stimulus bill is also waiting for it’s approval. Donald Trump on his official Twitter account stated that the bill proposed by the Congress is a disgrace and is only $600 which is much lower than the anticipated $2000 per an individual.
🔔 The US government did not set a requirement of passing a Covid-19 test to passengers flying from the UK to the US before boarding their flight, despite the rapidly spreading new Covid-19 strain.
🔔 While the US officials argue on which action is the best to be taken to keep the new variant away from the US, the top US infectious disease expert Dr. Fauci yesterday, December 22, said on live-TV that it is possible that the new variant is already in the US.
🔔 Hanging Brexit negotiations still hold the two major European currencies in an uncertain position, whereas the deal gets postponed, however the EU Chief Negotiator on Tuesday put certainty into the deal saying that both sides are ready to make a “final push”.
🔔 Currently the pair is traded at $1.21950 which is below the resistance of 1.2200. The pair on a 4H chart has formed a symmetrical triangle and the breakout of any edge of the triangle will signal the short-term trend continuation of the pair.
🔔 If the price breaks below the lower edge of the triangle, Euro will drop towards closest support levels at $1.21227 and below that to $1.20840, though I am betting on $1.23000
🔔 The US Economic data which are expected to be released today do not look positive, Initial Jobless claims are expected to be at the same level as previously reported 885K and new home sales in November expected to drop slightly and be at 995K compared to the October’s 999K, personal spending as per November is expected to be as low as -0.2%, 0.7% lower compared to the October’s 0.5%.
✊🏻 Good luck with your trades! ✊🏻
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