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Eurousd

EURUSD Flag Break Moving As ExpectedAlthough my long term view on EURUSD is that we will see a decline, I am trading smaller time frames in the interim. On the H4 time frame, I am expecting to see the completion of a corrective structure wave three, market with the blue arrows. From that point, I will be looking for a short trigger setup. Looking at the smaller picture, we can see a 3 wave flag which has broken to the upside, market with orange arrows. This should indicate the start of the next move upwards. I have market the key areas of supply that would come into play with red horizontal lines. The current corrective structure, in blue, does not have to complete at the level that I have indicated. It would be a valid completion of this structure by a break of the previous high at 1.1850 and could reverse at any point from there onwards. I expect to see a break of this structure to the downside after 3 waves have completed but it is possible that we will see a 5 wave formation. Contact me via direct message for any assistance required Happy trading! Linton
Long
by Linton_White
3
Short term Short Trade for EURUSD, Range playEURUSD have been ranging from 1.150 - 1.185. We have a very nearby swing high at 1.175. Until US Session is open, price might go back to this area, which could give us an opportunity short. Or, one could just chase the price now with a slightly higher risk as your Stop Loss is wider. Stop Loss placed at 1.186, slightly above the previous swing high at 1.185. The main reason for this is that the previous swing high is very near our current one. Sometime price can just shoot up back to that area to eat up the liquidity before heading back down again. Two level of possible TP zone, one at 1.1660 and the other at 1.1600. I think 1.1600 might be hard to hit without any source of news event as a catalyst. I will prefer to take my money at 1.1660. Whether or not you should take this trade depends on 1 thing 1) Are you comfortable with the wide SL at 1.1860 compare to the TP zone at 1.1660. If you find the SL to be too wide, it can be shifted to 1.1800. Of course the chances of hitting it will be much higher. It's all about risk management and personal preference. All the best! If my posts have benefited you, please help out by liking my posts and following me. Do visit my Patreon page. Thank you for your support. www.patreon.com
Short
by NimbusCapital
EURO:USD Market Open TradeCurrently the EURO:USD has started a down trend. We can support this fact by looking at the red squares on the chart we have lower lows and lower highs in the market so down trend is confirmed. Looking at possibly futures for price action our eurousd pair has an RSI over 60 percent based on that knowledge we can predict where this pair wants to head. The black line which is very unlikely is that overnight before 8:00 gmt when the market is still inactive, predicts that the RSI of the eurousd will reach above 70 and enter the overbought zone. This route is very unlikely before 8:00 GMT but once the market becomes active the likelihood will rise. The red line suggest that trend will break current structure support at the red line and then test the previous structure support at the orange line and ultimately fail. A break and close above the orange line would suggest a bullish reversal which is highly unlikely especially with the ECB taking a dovish stance on rate hikes. The blue line suggest that because of the markets previous bullish bounce from the support at the 1.6134 the retrace will occur within the next few candles allowing the bears to resume control of the eurousd market possibly pushing the trend down to 1.61500 levels. This route is very likely because the RSI is approaching "Overbought on the 14day and 10 day RSI", the market is currently at the start of bearish reversal that occurred last week after our long impulsive move down. Our trend is creating lower lows and lower highs indicating the bears are in control. Our job has traders is not to tell where the market is going but to make predictions based off facts and analysis.
by hiltonmow
EURUSDHi guys,let's look at this chart and find out what is time to do? Usually it's a good season for EUR but as you see in chart we failed to break resistance above again and dropped from another bearish wedge,now we are in back testing it stage and if we can't achieve we will drop more to around lower support at 1.153.But before any targeting or enter trade i need to see this situation more clear.EUR need to decide what want to do,honestly i expected a better price actions and bullish reversal in this stage but we are still in try in this range and couldn't achieve lot but i have hope to this stage we earn more.
by Peymana71
EURUSD Fibonacci Support Resistance Zones: EU as of Jul 1Updated from my last Zones posted, linked below in Related Ideas. Some new zones became apparently with the recent moves. But all in all, the sideways move was keeping to the zones quite precisely These zones are calculated using Fibonacci Ratios of past price moves. Fib extensions and retracements are projected forward in time and price. If price bounces or reverses, it will probably do so at one of these zones. Some zones will match previous highs and lows, since Fibs are derived from the extremes. Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones. Zones that are far from current price will be either WIDE or just a LINE. Just a line indicates important Fib Ratio. Where prices overlap on the zone lines, drag the Right (price) Axis up to magnify and reduce overlap vertically. There are zones above and below the current price range, Drag the Chart up/down to see other zones. Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame. I will update as new zones are defined by upcoming Fibs.
by EuroMotif
6
EURO rally with USDThe EURO has rebounded on the fib retracement 78.6% (1.15$) and has already left the support-zone to the top. Hence it has entered the next wave - leading to prices above 1.20$. In that area we see a crossing point from a horizontal trend line and another descending trend line. RSI and MACD have turned, with the trigger line above the signal line (orange). Much way to go before they´re reaching overbought areas. Fundamentally the EURO should be weak, because it´s not very probable that Draghi will tighten the quantitative easing in next time; meanwhile the FED has already done some steps in raising interest rates and has announced some more in this year. Therefor I expect the rally of the Euro to be short and I expect it to fall against the Dollar at the latest in autumn.
Long
by Luettis
How to trade EUR/USD on the Daily Timeframe [FULL EXPLANATION]Trading EUR/USD on the Daily Time Frame: Delete the noise, patience wins Here I present a textbook trading set-up + a fancy little indicator known as the EAG Yume Wave. First we need to set up our parameters, what is confirmation and what isn't? Your analysis does not need to be over complicated, you want to be considering the key/strongest variables when you are creating your final equation. You can backtest multiple indicators, I usually play around with ichi, different MAs and a couple of momentum indicators and the RSI to see if I can make anything work. Here are my personal EURO/USD Daily TF Trade Parameters and WHY I have chosen them~ 185 EMA This has acted as a really good measure of resistance all the way through EUR/USD's last few months. To find this I played about with the settings. Fibonacci lines and extension These allow me to see all the individual lines to trade from and where my points of confirmation will be when a fib line gets broke. Trend lines and horizontal support & res Important textbook trading skills that should line up with my other indicators and fiblines. EAG YUME WAVE Indicator Watching for the twist and then watching for if the Miaku can provide support on the downfall. Volume + MA Volume in traditional markets can help us confirm where potential bottoms are with good buy backs. Do bear in mind there is the risk of a volume divergence hence why I am neither bullish nor bearish UNTIL we get some form of confirmation! If you learnt something or just want a chat about how I trade add me on Discord: Xander#5055 A follow and a like would be greatly appreciated for my time :D ~Xander
Education
by XanderCrypto
4
EURUSD - Trapped in a Big 500 Pips Range. What's Next??Good evening Traders, Like I promised, here is my short EURUSD -0.04% daily analysis. You can see that EURUSD -0.04% is in an intact uptrend. A simple definition of an uptrend is when the market is doing higher highs and higher lows. Now, I identified for you 2 very important things. Let's start with the first observation. 1.) First of all the EURUSD -0.04% is currently retesting the resistance now acting as the new support area of around 1.2074 (09/08/17 peak). The current pullback is a normal behavior. Markets tend to retest the last broken highs before they start a new rally. 2.) The second very important observation is the 200 day moving average. The last time the EURUSD -0.04% tested the 200 moving day average was at 05/11/17. You can see that on that date the EURUSD -0.04% retested in a pullback the 200 day moving average bevor a massive rally occurred. First of all, I need to mention to you that I am not expecting a similar rally like we had a year ago. However, I am expecting a pullback to the upside in the EURUSD -0.04% to retest the broken trendline or to at least stay in the range between 1.2557-1.20736. Recap my 2 possibilities: - First one is the black one (drawn on the chart) We could see a pullback higher without making a new low below 1.2020. - Or the second one (dotted line) it makes another new marginal low below 1.2020 and starts a pullback higher. This view will be invalid once EURUSD -0.04% closes with a daily close below the 200 moving day average. I hope you enjoyed this view. Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view presented is not any trading recommendation, just personal view.
Long
by TradeFxTrends
EURUSD bullish sharkThe Shark Pattern The Shark Pattern is dependent upon the powerful the 113% Reciprocal Ratio @1.2223 works extremely well retesting prior support points 1.13% as a strong counter-trend reaction. Represents a temporary extreme structure that seeks to capitalize on the extended nature of the Extreme Harmonic Impulse Wave. Demands immediate change in price action character immediately following pattern completion. Extreme Harmonic Impulse Wave utilized depends upon location of 113% level – Requires an active management strategy to capture high probability profit segments. Good luck,,, Thank you ----------------------------------------------- Do not read and leave... Like, Comment and Follow ,,,, its' so easy :)
Long
by AnaKingKong
EURUSD Retracement completed , but not yetEuroUSD has completed its retracement of 61.8. Now it should try to go touch 1.25 again. Trying to overcome the selling pressure will be a difficult job, because 1.25 has already proven itself has very strong Resistance point , and similarly 1.225 has proven to be strong support zone. What happens next , is anyones guess. Deponding upon market sentinment 1.25 should be breached, but not w/o firefight which means bloodhed i.e.. USD will appreciate in value. trying to pull the price below 1.22, then again try to break 1.25. In short it means, it is gonna swing side ways, no clear signal of trade. So it is No trading zone. Only with brave hearts and loads of waste money should try their luck. My opinion: Stay out of it. PS: All the opinions are mine and mine only, i am no way trying to influence your trading decision. Its your money, you have to decide what u do with it. Thanks KryptoTimes
by kryptotimes