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Eurusdforecast

EurUsd- Pressure is lifted, 103 is very probable nowAs I've written yesterday and on the 6Th of September, EurUsd seems ready for a correction. Yesterday has been a volatile day for EurUsd which went above and under parity and finished the day with a Doji. Looking at the 4h posted chart we can see that after an initial rise above parity, the pair fell strongly but found strong bids in 0.9930 and reversed strongly overnight, putting in a higher low on our chart. At this moment EurUsd is trading just under the recent range's resistance and a break un seems very likely. In such an instance I expect the pair to accelerate its gains and rise to 1.03 zone resistance. I expect parity to remain intact for the time being and dips should be bought in search of a good R: R considering a stop loss under yesterday's low and a target in mentioned resistance. Best of luck! Mihai Iacob My Yesterday's analysis:
Long
by Mihai_Iacob
4
EURUSD ON THE RISE!!!The Narrative for this LONG goes like this: The overall perspective is when you look at the trade from 50k feet vs the regular Daily Perspective. Some days when the market seems NOT to follow the script that's when you step back and look a the BIG Picture. It's clear that EURUSD has tapped Buy Side Liquidity. The Wicks are liquidity runs tapping stops below structure before the main move. This is #SniperMarketMechanics The market doesn't want anyone to make money on the main moves thus it throws wicks to knock out the stops that it knows lies right below structure. Why do you think it's called (Liquidity Runs)? Nevertheless Stop losses are great to protect your capital in the situations when you cannot monitor the trade manually. We are currently in the MZ when price volume begins to wake up and also creates the High and the Low within the MZ Structure. At 12am the algorithm that delivers price to the market creates a new high or low depending on the BIAS of the day. You gauge that from the higher time frames like Daily Weekly Monthly. The higher TFs give you a great perspective of what price wants to do that day. Now let's add the fundamentals into the script. The ECB just today raised interest rates by 75 Basis Points. Which should inject the EURO with some much needed rocket fuel to propel it upwards out of parity territory. Contrast that to the DXY - Fed Chair has vowed to bring inflation down by raising interest rates which should effect the DXY and cause the bubble to burst. The DXY is the ying to the yang of EURUSD and US base pairs. So this trade set up looks like a great NASA Project ready to take off to the moon. The ADR for EUR USD is 88-101 Pips. And that can be hit in one day of trading. Finally, Never Over leverage. Take in account the inevitable pull backs and stop hunts that the algorithm is programmed to engage at certain times of the day. Trust the set up. Give the trade time to fall aka TREND into the script. Most importantly HAVE FUN!!! There are no do overs in this beautiful blessing we call life or FOREX so make it all count. I AM Pro Trading Made Simple. master Jedi & Sensi of #SniperGang EVERYBODY EAT$
Long
by Master-Jedi-Trader
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #XAUUSD According to the analysis given to XAUUSS earlier, the TREND LINE BREAKED and went UP about 80 PIPS. We hope you get it. We have some very important NEWS coming to the USD this week, especially tomorrow. So we have to wait a bit until we get them. There was a SPEECH by FED CHAIRMAN yesterday. There are two more FOMC MEMBERS SPEECHES today. Anyway, with US10Y up, GOLD is going up a bit now. Anyway, we expect GOLD to go down to 1671 LEVEL. After that you can definitely move to 1782 LEVEL GOLD. Be careful.. eurusd
by benny_marshall
Has EUR/USD finally reversed? ECB meeting to offer clarityFor the past week, I have been stressing on the importance of the 0.99 support level in Euro and why Euro will regain parity again. As you can see, EURUSD is above 1.0 as predicted. So, has EUR/USD finally reversed? In my opinion, today's ECB meeting will be the deal maker for the Euro as traders are waiting for some clarity. That being said, I think EUR/USD will eventually be above 1.04 in the coming 6-7 weeks. It would be a wise approach not to place any new trades ahead of ECB meeting. However, if price dips to the 0.9920 level during the meeting, I would be looking to buy again as I have done multiple times in the last week.
by YourLazyTrader
27
Will EurUsd reconquer parity?Two days ago I wrote that even if the long-term trend remains short, EurUsd may have found a bottom and a correction becomes very likely. Yesterday, after yet another drop under 0.99, EurUsd has strongly recovered and now is trading slightly under parity. Considering the lack of power from the bears to clearly break support we can expect a reversal and a daily close above parity would confirm 0.9880 as a bottom (at least for now) This correction could have 1.03 as the target and 1.01 as interim resistance
Long
by Mihai_Iacob
9
EurUsd- Very steep falling wedge, short squeeze can followThe trend for eurusd is undoubtedly short, however, starting with the first drop under parity in mid-July, the pair lacks real continuation to the downside and lows are marginal with the yesterday's one being a false break under support. Looking at the chart we can see that the falling wedge pattern is very steep and a short squeeze at this moment is highly probable A new rise above parity can activate a lot of stop losses and the pair can accelerate to the upside The target for the falling wedge pattern is 1.03 and interim resistance is at 1.01
Long
by Mihai_Iacob
28