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Eurusdbreakout

EUR/USD SELL - 31/10/2017As expected, EUR / USD corrected upwards after the rapid price fall last week. The upward price movement was smooth and on small volume, which cannot be regarded as a market reversal or a bullish signal. Moreover, two levels of resistance remain at the top of the chart: the first is 1.1692- 1.1705 and the second is 1.1740-1.1760. Both levels contain large volume, so they are excellent places to put stop losses above them. Thus, given the sharp fall of the price last week and the presence of 2 strong resistance levels, it is necessary to give preference to short positions for this currency pair. Sales should be opened after the resumption of the price fall, it is desirable if it is supported by increased/large volume, which would be a stronger signal. A stop loss should be placed above the level of 1.1705. The potential of the deal is more than 120 points. The bottom line: short positions after a resumption of the fall.
Short
by trustbrokergroup
EUR/USD SELL - 30/10/2017EUR/USD continued falling on Friday, so the local downtrend for this currency pair is going on. Also we need to point out the presence of 2 strong volume resistance levels: 1.1692 - 1.1705 and 1.1740 - 1.1760. That’s why our previous scenario remains the same: we need to wait for a smooth upward correction of the price in order to get a better entry point and then we should open short positions. A stop loss should be placed above the first resistance. A potential of the deal is more than 100 points. The bottom line: short positions after a smooth upward correction.
Short
by trustbrokergroup
EUR/USD breaks upwardsMorning outlook - EUR/USD breaks upwards In result of a decrease of the American unemployment rate, traders tried to push the pair through the bottom trend-line of a large falling wedge pattern. However, it made a rebound and in the early Monday morning left the formation in the northern direction. The surge was not sharp, as the pair still needs to cross a combination of the upper edge of a junior descending channel and the 200-hour SMA. In addition to that, it stuck near the updated weekly PP at 1.1740 that is backed up by the 100-hour SMA. These obstacles as well as the Friday’s jump by 34 basis points just in hour suggest that the rate is likely to retreat for some time. An aggregate of technical indicators support this scenario. In addition to that, market sentiment remains 57% bearish.
by UnknownUnicorn890690
EURUSD Medium TermEURUSD got nice momentum this year (2017) followed by a monthly divergence, accelerated in a multi-month bullish channel with new tops and lows. Momentum is slowing on higher time frames, i am expecting a deeper retreat over the coming weeks or so. For now i am looking EURUSD to pullback (a short lived bounce) to leave a lower top to then start of fresh falls towards 1.1425 (a prior support and 38.2% retracement area). Strategy: Short on a pullback around 1.1827-95 for a target to 1.1625 and then 1.1425. Place a wider stop above 1.2035
Short
by UmarAbdurRehman
1
EUR/USD prepares for Draghi and Yellen speechesMorning outlook - EUR/USD prepares for Draghi and Yellen speeches An hourly chart reveals that the Euro is moving against the American Dollar in a short-term symmetrical triangle, as traders await both Mario Draghi and Janet Yellen speeches that will be delivered later this day at the Jackson Hole Symposium. From a technical perspective, a breakout to the northern direction seems more possible, as the currency pair experiences pressure from the 55- and 100-hour SMAs from the bottom. In addition, the upper area lacks any notable resistance barriers in the next 45-pip range. However, if the downfall happens, then in the worst case scenario it should be stopped by the 100% Fibonacci retracement level at 1.1714.
by UnknownUnicorn890690
EURUSD INSTITUTIONAL WAY OF TRADING!!!MARKET ANALYSIS: As we can see from the current market scenario the pair has broken a long consolidation which was lasting for the past 30 months has been broken. Now the market is moving towards the next possible supply which is accompanied by a a long term descending channel resistance. As we can see from the 4hr chart the market is making a good higher high and higher lows. So the possibility for a trend continuation is seen clearly. The best trade setup would be to go with the market trend. Cheers!
Long
by Kishore
2
EUR/USD showing exhaustion, possible big reversal.Hello traders, After the long uptrend, the EUR/USD pair is showing signs of exhaustion. First, it seems to be failing to make a new higher high, as seen on the latest candle. The RSI is starting to show a divergence (RSI is not making a new higher high on the latest candles). I will be waiting until the 4H candle breaks the 20 moving average from the Bollinger bands with a clear bearish momentum candle in order to enter (at least this is my strategy as I need clear signals). I do not try to enter on the highest possible point, as I am not a very risky trader. I prefer waiting for clear confirmations and sacrifice some pips in order to avoid big losses. What is your idea on this? Leave a comment below :) Ray
Short
by FromForkToFingers
EURUSD: Why Am I Bullish? My Chart Will Explain It WellI believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail. Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades. My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
Long
by Dinkan
14