EUR/USD Price Action Analysis | A Possible Trend ReversalEuro is finally showing a proper strength against Dollar. It broke out the Trading Range with a strong momentum and a decent volume. The retracement should visit the Demand OB first and then, the upward movement to the Supply OB shall continue.
Entry: 1.106
SL: 1.098
TP-1: 1.118
TP-2: 1.124
R/R: 2.25
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
Eurousd
EUR/USD Price Action Analysis | The Right OpportunityEuro got back in the Trading Range against Dollar. A consolidation just above the Lower Range and then a touch to the Supply OB might cause the next downtrend. Until then, shorting seems as much risky as longing. Waiting for the right opportunity.
Entry: 1.0990
SL: 1.1031
TP-1: 1.0927
TP-2: 1.0876
R/R: 2.78
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup. You can also follow me from,
The ideas published here are not financial advices.
LONG entry buy on EURO/USD volume surgeEDIT: GRRR.. dunno why charting is coming up all messed up in publication:
^ chart above -- volume surge / RSI confirms bullish parabolic analysis.
Great opportunity for EURO esp. with Boris Johnson's hard brexit looming around the corner -- if you're a patient man/woman; I'd highly recommend this entry as it will def. be a considerable amount of time before the profits roll in ...though when they do that $ROI will be very very substantial and your patience will most certainly be rewarded.
Also pairs well against other currencies including JPY.
Trade SAFELY!
- @a1mTarabichi
tp1: 50.64
tp2: 51.37
STOP @ 49.30
DISCLAIMER
NOT FINANCIAL ADVISE
EUR/USD where to ? Hello traders,
As expected, the pair broke the previous support at 1.09 today and resumed the bear trend printing a new YTD level around 1.0880.
German retail sales and inflation data disappointed, which fueled the move.
In my opinion, those economic figures did nothing more than speeding up the move which was going to happen anyway according to technicals.
Today's candle is a strong bearish engulfing, expecting the move to resume in the days ahead.
Bears should watch out as we are approaching a critical support in the 1.08 neighborhood which is the 50% fibo level and weekly gap back in 2017.
Resistance levels are: 1.0927-1.0960
Bearish view won't get weaker unless the resistance line is broken (shown on the chart) which is today near 1.1050.
Don't forget it's a busy week starting with manufacturing, services PMIs and CPI for the Euro-zone, and most importantly the famous NFP on Friday.
Good luck and always use SL.
EURUSD formed a bullish cypher | Upto 12% move expectedAfter formation of BAT pattern priceline of Euro / US Dollar famous forex trading pair has formed another harmonic bullish Cypher pattern and entered in PRZ area to hit the sell targets soon insha Allah.
Even thought B leg is retraced upto 0.307 rather than 0.382 fibonacci but rest of the pattern is behaving as required perfect cypher therefore I am ignoring this difference.
Volume profile of complete pattern is showing less interest of traders at this.
Stochastic is oversold but did not give any bull cross sofar and MACD is still strong bearish therefore I would suggest to wait for MACD to turn weak bearish or for bull cross signal from Stochastic then buy.
The potential reversal zone can be used as stop loss in case the complete candle stick closes below the PRZ area.
I have used fibonacci sequence to set the targets:
Buy between: 1.11999 to 1.08206
Sell between: 1.14961 to 1.22104
Regards,
Atif Akbar (moon333)
EUR/USD short term rallyAfter printing a new low near 1.0925, the Euro found enough buyers to recover above the 1.10 level and is now trading near the first resistance at 1.1040 which is the 23.6% Fibo retracement of the latest decline.
Also, looking at the recent candles, the recovery doesn't seem to have ended but is also facing critical resistance near 1.1060 and a potential big stimulus package from the ECB, expected to be announced during its monetary policy on the 12th of September.
It is worth noting the descending channel the pair is trading in, a potential support/resistance area to trade in.
Good luck.
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.1225.
TP4: R2=1.1245.
Set the stoploss of these orders at breakout of S2=1.114.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.114.
In this situation, there is an expectation to reach the target S3=1.1065.
Set the stoploss of reverse orders at breakout of S1=1.116.
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Euro / U.S. Dollar 2019 AnalysisHi again,
First time doing Fiat Analysis, but why not? :P it;s the same for all charts so, i believe it's a good time to start moving around to some interesting Charts.
So, again, this is only presentation. Ill be working with this one in larger time frames because it's a lot different from cryptos and it does not have the same volatility. It moves all different, and that, i like it as a challenge ;)
We are moving on a downtrend channel as you all know. I Expect the price to keep falling from now till 21 to between 1.05 and 0.97.
i'll get into deep every time i can so. Let's just start with this part by now since there's a lot of information going on already in a Month Chart, but ill be moving around in different time frames.
We got the Channel, Fibonacci and Chuvashov in Place. And as usual, there's a Fractal going on that ill try to explain later on.
So, hope you find as usual interesting and helpful to a better understanding on how markets works with fiats.
Stay tune! ;P
Cheers!
Charter X
Sell EUR/USD on Fib Breakout and Fib projections 161.8%Selling Eur/Usd on breakout fib retracement 61.8%. looking to find new low or at least 161.8% on projections fib line.
Fundamental: Not really much changed last week. We stay short on EURUSD for longer period of time. We still believe that rate cuts will not come that fast, on top of that Europe starting new program to boost ecomony which wil influence euro on the short side.
Risk note: DXY, is around reasonable techincal sell zone. So we m8 see a drop in DXY which will cause a demand on Euro/Usd