EUR/USD Still Bullish Bias the overall context is Bullish Bias remaining till the daily close above 1.06500. So the next target will be 1.07733.
Bias will be changed if 1.06500 is taken out and daily close below the 1.06500. Then target will be 1.05520.
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Eurousd
EURUSD 4HR Support and Resistance / Intra-day tradingThe various trendlines are illuminated on the chart. The red lines and green lines are the resistances and supports, respectively. Since the pair has been on a streak and has been overbought for several days, the Fibonacci retracements , trend lines and indicators like stochastics, RSI, CCI indicate that its high time for correction. The pair most probably would bounce in between the trend lines shown on the chart. Unless the fundamental data of Euro abruptly changes since M Draghi is going to have a speech today. Still most probable move is downwards. Hence, for intra day trading , today is a fine day to short the pair
Euro expected scenario With a confidence of the Euro /Usd is more expected to go down and fast to reach the support zone but maybe should have the Exit strategy too.
0.98 is the most expected price to hit in few months but if we break the recent trend we can look for a new high then a new low after that we will look to reach 1.20 level
EURUSD Wave Count: More Downside After Triangle BreakoutHey traders! Hope everyone has been taking advantage of these trending markets over the past couple of weeks! I've been busy with some side trading projects and am back with an updated wave count on the EURO. We are witnessing sideways corrective structure in what could potentially be a fourth wave symmetrical triangle. The 1H trend is down but we also have heavy long-term support below price that could keep the pair bouncing sideways for a couple of weeks before a strong bearish breakout into wave-5. I want to start looking for short positions in the heavy resistance zone where the 200SMA is confluent with potential triangle barrier, TWO unhit pivots and the center of a descending parallel channel. Stay tuned for some updates as we see the tide roll. Happy trading!
Correction BuySo like said in my last idea we will get out of 1188 sell at 1078 but the chances to break it and reach a new low are higher in the USA session and that what exactly happened price made a new low at 1048
from there selling started to get weaker forming a new bottom a long correction could be forming this moment..No divergence on macd or RSI 4H 1H so targets will be 1087 : 1025....
Correction BUY at 1050
sl 1039
TP1 1048
Tp2 1025
EUR/USD Analysis, entry strategy and scenarios!A breakdown of EUR/USD with potential scenarios for both the up and downside.
The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested.
Good luck!
EURUSD SHORT, NO STOPS ONLY TAKE PROFITSSSI: THE SPECULATIVE SENTIMENT INDEX till now is -1.6053
RSI: 38 on 1h.... 53 on 1d
Sell positions can be made at price of 1.1150+
The exit of the market can be done at level 1.1030, waiting for a small reflection from this point and sell again till 1.0976 if the market breaks this level next levels are 1.0954 and 1.0919.
$EURUSD Wolfe Wave, Eyeing Point 5Hello Traders,
Looking at the EURUSD pair we have a Wolfe Wave that just completed at point 4. Looking at the 1-4 line trajectory we can see that it has acted as an anchor throuhgout the formation of this Wolfe Wave. I'm looking at 5 and potentially 5' to complete.
If we see completion at point 5 look for the 1-4 line as your exit target. If we make a lower AND hit the 5' line off of point 3 look for an exit at Geo's Off-Set rule at point 4.
-Chartistry