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Eurousd

EUR/USDGood Day Everyone! Made some analysis regarding EUR/USD. Color Legend: Purple - Monthly Blue - Weekly Red - Daily Green - 4 Hour White - 1 Hour To get "straight" to the point. First look on the daily is showing us a strong Up trend, confirmed by a cross of the 200 EMA. Now ideally we can wait for a re-test of that area, the Daily closing candle is a Inverted Hammer/Shooting star. Usually a sign of a trend reversal, I'd wait for a confirmation of the uptrend, although I'm confident in its continuation. Regarding the Daily, a retracement is possible, and expected, to confirm the trend. We closed the 4H with a doji/spinning top. Sign of an undecisive market. 4H showing clearer sign of a possible retrace towards 1,10640 The 1H is showing us an inclination to a continuation of the Bullish sentiment. We closed with a Inverted Hammer. It's a clear sign of a reversal, possible retrace. Expecting to retrace to 1,10640 as mentioned before, after finding support it is expected to continue in the upward move. On the 30min we can see 2 tweezer tops. Confirming the previous bullish sentiment and a trend continuation. Pivots are supporting the expected move towards 1,10640 - 1,10675 as there is a S1 Pivot Support on the hourly in those areas. Please DO leave a comment, if you see it differently or if you agree. Possibly if i missed something feel free to leave a comment! Every feedback is appreciated, after all we are learning something new every day! Disclaimer: This is not a tutorial! Neither a Signal, please take care of your accounts and manage your risk well when trading/investing! If you are a beginner or a pro doesn't matter, feel free to join our free trading group where we are putting together interesting, educating content for traders like you & me! Everything free of charge as I feel its my duty to slam a hammer on the fake gurus out there who charge ridiculous amounts of money for their courses and in the end it leaves you in the RED!
Long
by im_MrTony_
3
EURUSD Pair: Time to DROP!!!Honestly one of the easiest pairs to trade, a standard beginner pair for all beginners to start with, I was introduced immediately to the EURO DOLLAR pair by a friend as I was interested into expanding into FOREX from my crypto trading background and after trading a short while in commodities WTIUSOIL and Gold spot XAUUSD. Very predictable pattern, we see EURUSD hitting the months long strong resistance levels @ 1.09954 where it has been encountering major rejections. A strong bearish cnadle in the both the H1 and H4 confirms the reversal trend towards the DOWNSIDE for a SHORT opportunity, take profit at the nearest support levels @ 1.08857 I expect the Geramn bank and EU disputes to increase selling pressure on the EU further, combined with a pullback on bearish momentum on the dollar, this will bring EURUSD down further. As always, trade carefully with stop losses and feel free to like and comment if you enjoyed my ideas! Lets look forward to more profits on this journey together = ) Best Regards, GOLD D ROGER
Short
by Gold_D_Roger
EUR/USDHello traders, As seen in the chart above, a triangle formation is clearly formed on the daily chart keeping the prices sidelined for the time being. Markets have been affected heavily by the covid-19 and its highly negative economic impact especially for the Euro zone who's been struggling before then. Technically, a triangle formation is neither bearish nor bullish and the breakout can occur in both directions. What is known here is once the breakout is there, we can almost project our target by measuring the apex (distance between bottom and top of the triangle) which are 1.064 and 1.114 respectively, a 500 pip move. So, as soon as the breakout occurs traders can expect a target between 400 and 500 pips. Personally, given the recent developments in the worldwide economy and the Euro zone specifically, I see a breakout to the downside more probable which might take the pair towards parity. My opinion is also supported by the long term down channel also seen in the chart. Remember to always use your stop loss wisely and trade safe.
Short
by RamziAbouAbdallah-CMT
1
Euro/Usd : Price likely to test April low 1.0725 Euro/Usd dropped to the second Fib support 1.0846 as the Germany's court demands justifications for ECB's mass bond buying program . The pair failed to break the 100 day exponential moving average (1.0975) last week ,although price made a high around 1.01017 area . Technically , breaking the 1.0846 short term support,price likely to test the third Fib level 1.0798 and further to the April low around 1.0725 . We have a busy week ahead with plethora of data , ISM Non-Manufacturing PMI later on followed by ECB President Lagarde Speaks on Thursday and the Non Farm Payrolls on Friday . Support 1 : 1.0846 , Support 2 : 1.0798 SSI : 65/35 (Buyers/Sellers) Trend (short term) - Down Trend (Medium term) - Range Major Resistance : 1.0975 ( 100 day exponential moving average)
Short
by Alremeithi
2
The closest observation at what is happening EUR/USD,Price Range: This range has attracted buyers, one again price was entered into this attraction, and buyers were seen active. Buyers lost their control against sellers and price was pushed down with average volume. Invalid Diji / Suspicious Alarm : Compare to surrounding 3 candles volume, Doji has an extremely low volume that indicates suspicious activities started. Rounded Pattern: Whenever you see the rounded pattern which has low volume because of trader/investors, not interest that area of the range. From the 3rd of April, we are seeing average volume trading. Finally, If price move in a broad range with crossed average volume will our direction. For example, price cross Average Volume this week will be Bullish in price next few weeks. In the last update: I suggested to buy EURUSD:
by Trade-Technique
65