Eurousd
#EURUSD long until US election #EURO #tradingviewHello dear ones!
My view before the weekend for the EURUSD.
I think that so close to the US election, the situation for the EURO against the USD is more optimistic than it is in reality. But anyway, uncertainty is not appreciated by investors, and the majority of them do not like the upcoming US election and who will be the next US president.
In my opinion, new highs above 1.201 are likely in the EURUSD.
I am betting on this with an entry level of 1.18020.
First target: 1.21220
RRR: 4.5 to 1
Later, even 1.23172 would be in it if necessary.
Greeting
Stefan Bode
Euro / U.S. Dollar Monthly Chart - L/T Downtrend Channel! The pair is still trading inside the
long term downtrend channel as shown.
As long as the prices stay inside the channel
we may expect the Long Term target may be
below parity.
Only breaking and sustain trading well above
the upper trend line may save Euro from
all time low.
EUR/USD WEEKLY OUTLOOKThis is just my views on how eur/usd trend is looking. i base my decisions based of these timeframes as it makes you alot more accurate, aswell as entering you potentially in trending markets. DXY could be ranging between 94.6 and 92. the dxy is good to find your entrys on eur/usd, because if you flip dxy chart upside down, its the exact same chart as i have posted above! if dxy next move takes it downwards after trumps stimulus talk. expect eur/usd to rise uptowards 1.19.
EUR/USD deeper retracement aheadHello everyone,
As you look on the chart above, a negative picture for the pair is being favorable for the following reasons:
1- Broke below the uptrend line that has been intact since May.
2- Broke below the 20 SMA.
3- Hit the 50 SMA for the first time since May.
Initial target is at 1.1690 and even deeper at 1.1495 March high.
Good luck
Don't miss the great sell opportunity in EURUSD Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance lines (1.1822 & 1.1883). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 1.1713
TP2= @ 1.1653
TP3= @ 1.1594
TP4= @ 1.1492
TP5= @ 1.1370
SL: Break Above 1.1965
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Don't miss the great sell opportunity in EURUSD Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance lines (1.1822 & 1.1883). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 1.1713
TP2= @ 1.1653
TP3= @ 1.1594
TP4= @ 1.1492
TP5= @ 1.1370
SL: Break Above 1.1965
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EUR/USD Technical Analysis (Monthly Basis)The pair has been moving on the Fibonacci channels that it has created for a long time, and has touched a Fibonacci 0 channel again from last May.
From here on, we can obviously expect an uptrend. However, it must first break the falling trend line. If prices break this trend, we can see 1.24 first and then 1.36 levels.
However, if the falling trend line is not broken, prices may move towards the Fibonacci 0 channel again, in which case prices may retreat to 1.08 levels.
It contains only personal views and opinions. Does not contain legal investment advice ...
EURO/USDHello traders, here is the analysis from our team :
Our Buy: 1.18622.
Target#1 1.18722
Target#2 1.19122
Stop:1.18122
We are setting up a 500 pip move. We also realize, We need to show
Money management and risk come into play. Trade Well
Let us know in the comment section below if you have any questions.😉