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Eurusdbreakout

EUR/USD - 100+ Pips Opportunity - ShortEUR/USD has broken down the 20 ema and 50 ema for the first time since the bullish trend on the 4h chart. Meaning that the trend is weakening and shifting of direction. We have a valid continuation pattern further below if the 50 ema on the 4h chart holds as resistence. As soon as the 1.16 level is broken, EUR/USD will continue its bearish trend. One could enter this position by placing a pending order right below 1.16 say at 15.87. First TP is at 1.1505 Second TP is at 1.1405 Trade safe!
Short
by MoolahMaker
EURUSD Big Trade setting upTaking a look at EURUSD Daily chart pennant pattern, i was expecting in my last analysis for the EURUSD to break the trend line but as always we have to listen to the market. But bottom line is this pattern is compressing, so we have to be patient which way it is going to be breaking out ultimately. If it breaks to the downside that means USD is going to get more strength, so lets see if it breaks the June lows and this is going to govern how other markets are going to be like Silver, Gold and certainly other currencies with respect to USD. To be honest, personally my view is bearish. But anyway, keep an eye on this market. Trade Safe!
Short
by UmarAbdurRehman
6
EUR/USD - 500 Pips+ Opportunity - Bearish ContinuationEUR/USD broke over the 50 on the weekly chart. If that ema stays its resistance and prices fail to find a support and reverse, we can expect EUR/USD to continue its fall 500+ further below for the next months. This is a good long term opportunity. However the pair decides to act, there is an opportunity to make a lot of money from (Whether it decides to find support and reverse back up/Accept the 50 ema as its resistance and break further below). Happy trading! P.S. - Remember, if you fail to manage properly your equity, no matter how good you are, you will fail to succeed.
Short
by MoolahMaker
EUR/USD slides towards 1.20EUR/USD slides towards 1.20 New trading week the common European currency started with depreciation against the American Dollar. The downward movement was partially driven by a one week-long inverse head and shoulders pattern and partially by a recent bounce off from the two-year high located at the 1.2093 level. However, today the plunge most probably will be stopped near the bottom trend-line of a medium scale ascending channel, which is additionally backed up by the updated weekly S1 at 1.1992. If a rebound occurs, the pair will resume the surge trying to hit combined resistance level formed by the weekly PP at 1.2040 and the 55- and 100-hour SMA.
by UnknownUnicorn890690
EUR/USD rebounds from 1.2005EUR/USD rebounds from 1.2005 New trading session the currency exchange rate started with a rebound from alleged support zone located between the 1.2005 and 1.1992 levels. Until release of information on employment change in the United States the pair is expected to spend fluctuating in a two-day long junior descending channel whose boundaries are covered by the 55- and 100-hour SMAs. Due to existence of the above support area and the medium scale uptrend the Euro is expected to continue to appreciate against the Dollar tending to reach and test the two year maximum at the 1.2100 mark. In general, there is a need to keep in mind changes in traders’ sentiment, which is becoming too bearish that in nearest perspective might lead to a new turnaround.
by UnknownUnicorn890690
EUR/USD sneaks below monthly PPEUR/USD sneaks below monthly PP As it was projected yesterday, an attempt of the currency exchange rate to reach the 1.1866 level was neutralized by the slipping 55-hour SMA. Accordingly, the Dollar continued to appreciate against the Euro. The only difference is that this downward movement led to transformation of a descending channel into the falling wedge formation. The new pattern presupposes an upcoming rebound, which might happen once the pair will reach the 38.2% Fibonacci retracement level located at 1.1760. However, even in case this scenario materializes the surge might not last for long due to pressure of three moving averages. In addition to that, the northern side is covered by the support-turned-resistance monthly PP at 1.1806. There is also a need to take into account the fundamental factor, which might break the pattern and continue pushing the pair to the bottom.
by UnknownUnicorn890690
Looking to SELL a POTENTIAL PULLBACK on EUR/USDEUR/USD has just broken through a MAJOR 4 Hour Resistance (blue line on the chart). The last 4-hour candle was a doji which signifies indecision and a potential reversal point. I will be watching the 5 & 15 minute charts for a close below the low of the 4 hour candle (bottom purple line on the chart) to short down to the 4 Hour Resistance (now turned support). If a candle on the 5 & 15 minute charts closes above the high (top purple line on the chart), I will be looking to go long. LET ME KNOW WHAT YOU GUYS ARE THINKING ABOUT EUR/USD IN THE COMMENTS SECTION BELOW!
Short
by Jabest
EUR/USD trades near 1.16 amid Chinese data releaseEUR/USD trades near 1.16 amid Chinese data release In line with expectations, the currency exchange rate continued to move in southern direction under pressure from the 55-hour SMA. A short dip below the weekly S1 located at the 1.1573 level as well as the subsequent recovery signified two confirmation points, thus confirming existence of a fully-fledged junior descending channel. As the upper-trend line of the pattern is additionally protected by the slipping 100- and 200-hour SMAs, the pair is not expected to make a sudden breakout to the north. Accordingly, today the exchange rate is expected to test an area near the 1.1555 mark, which might represent a notable support barrier. The average market sentiment, which remains 58% bearish, confirms this general direction. However, the above assumption might be altered due to beginning of Trump visit to China.
by UnknownUnicorn890690