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Eurousd

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
EURUSD retestTrendline from May 2017 low been retested 3 times and has not been broken. Resistance at 1.25500 still not broken, short term resistance around 1.2200 still not broken also. EURUSD still looking bullish. Price currently testing fibs level 0.236, expect to retest level 0.382 (short term) before bouncing back to 0.236 and above. If price breaks 0.382 level, could be the true start of the EURUSD bearish trend if long term trendline is broken. Long - 0.382 holds, short - 0.382 breaks
by stagg91
EURUSD Support ComingEURUSD entering a support zone that hasn't been breched yet. Keep in mind that this is also the neck line of the double top formation that complete it's last leg this today. A combination of a psychological area and demand for the eurousd in zone 1. I'm placing my stop market order accordingly just incase it breaks zone one. Another observation I should note is that the Euro hit a massive resistance zone on the weekly chart that puts us in a bearish trend. Hope this analysis help everyone. I should also make one last note that Zone 1 support has a good chance of failing due to prices leaving the area in a stair stepping manner but it is a zone nonetheless.
Long
by Agentzereo
SELL EURO USDJust sold EURUSD and the target is rather close. 1.2388 which is Asia LOW. But It looks like Europe will challenge it so went short FULL CAPACITY as after that there is a nice drop potential of 60 pips. The EUROUSD is ridicolously high from a MACRO perspective and my WEEKLY chart is heavilo short with a huge divergence building up on the RSI, this is without mentioning that on the monthly chart last week we hit the upper channel of the SECULAR Downtrend of EURO since it shorted at 1.3950. I am posting the hourly chart wher ICHK is really short. Volatility will pick up at 10:30 AM as usual, just be careful with the lunch pullback when traders go eat and US traders come into the market...the latter loves to hit the daily stops of European traders (it s a game that has been ongoing since I started trading :-_)))). This signal is a DAY signal, but EURUSD is short on charts from 1 Hour up to the Monthly so don t fight the trend and rather go with it, try not to take long positions, even if pullbacks may be interesting the risk on the downside is always too High when we are close to a TOP without mentioning that as a contrarian indicator the medium term market is heavily positioned long EURO (record highs of long EURO contracts hit this month)...So imagine the stops below. A lot of S..T to u all
Short
by TheForecaster