Get started

Eurusdforecast

EURUSD: Breakout of the DESCENDING CHANNEL Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: The DXY looks like broke the structure to the downside, and potentially it could retest the level for an upcoming downward movement. Translated, there are nice possibilities to see a rising of price in most of the USD pairs, but lets have a look about EURUSD.
It reached an interesting area, and it has been moving inside a descending channel since months ago, bouncing on the bottom and breaking the structure to the upside. We previously forecasted bullish move in GBPUSD, and currently, considering the the performance of this market, we are quite confident to see further bullish price action. When, where and why would we step into the market? A reversal impulse, correction and breakout of structure, enough confluences to enter long if the market will perform LTF bullish price action. In case of reversal, back to the channel, it will temporary invalidate the setup and we will be waiting for the next market movement. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
32
EurUsd- Where to buyAs I said yesterday and correctly anticipated, EurUsd has broken above 0.99 resistance and accelerated its gains towards parity. Now the pair is in a normal short-term correction and this can offer bulls a good opportunity to enter the market. 0.99 and slightly under is now support zone and dips in this zone should be bought. This outlook is negated by a drop under 0.97 and as targets, are the same as written yesterday: 1.02 and 1.03 My yesterday's analysis:
Long
by Mihai_Iacob
17
EurUsd is building bullish momentumAs I said in my last week's EurUsd analysis, although the trend is bearish, in my opinion, it will turn, and is better to look for buying opportunities. Indeed, on Friday we have yet another reversal with a strong bullish engulfing and also yesterday the pair managed to break above the triangle's resistance. As we can see from the posted chart, since the 0.9550 low, EurUsd is putting in higher lows all being marked by strong reversals, indicating buying dips from big players. At this moment EurUsd is facing 0.99 horizontal resistance and a break above would clarify things and put pressure on the upside. The first target can be 1.02, followed by 1.035 zone important resistance. Also, in case of an au break of 0.99, parity should provide some kind of resistance ( I don't expect it to be very strong though). Buying dips with a stop loss under 0.97 could be a good strategy.
Long
by Mihai_Iacob
10