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Eurusdforecast

the big question! Retest or new Lows?Eur/Usd has been trading sideways for a while and i reason to believe that it will break out with the US inflation news. > Now what i will share with you is something i discover recently and should give more insight on how to trade it N.B. now for this to work we have to first believe that what ill share makes sense, then we can cipher it. what we are given: > channel on 3 day chart > US Cpi news Wednesday > clear understanding of eurjpy and usdjpy?????? > 3-day price containment of resistance 1.023 and support of 1.01 >for this purpose, we will define containment as: price failing to close/open above/below the given support/resistance. > NB price can breach these levels but can't maintain outside it. >if price maintain outside these levels, we have a breakout and we trade with the trend. How to trade this > choose a bias and pray that it goes in our direction 50/50 chance or > we use price action, news, technical analysis and price correlation. technical Analysis: > see my explanation of usdjpy & eurjpy then proceed News: >us cpi news on Wednesday could determine usdjpy & eurusd next breakout. price action : > Usdjpy has the potential to do two things continue breakout (create new highs / break 139) or switch over to form a head shoulder with neckline at 127 > Eurjpy is in a downward channel with next resistance at 140/142 if gets rejected we can see a retest to 133/134 > Eurusd is in a channel R: 1023 S: 1.011 for a while, and with a breakout we could see new lows of .98/.97 or retest of 1.04 price correlation: NB as eurusd approaches closer to "1" we see the price of usdjpy approaching eurjpy each other NB since this is an important usd news we can assume a breakout of eurusd *********************IF NEWS IS INTERPRETED AS GOOD ********************* > we should see eurusd possibly breaching the 1-dollar zone . We go long and hold for a usdjpy break out . we short eurusd until it finds a new zone below dollar zone . we can also short eurjpy 140/142 back to its previous support 133 *********************IF NEWS IS INTERPRETED AS BAD ********************* > we should see eurusd possibly retesting its previous support . we short usdjpy on bad news . we go long on eurusd for a break out . we also short eurjpy at 140/142 region BRING IT HOME IF WE CAN UNDERSTAND THE CORELATIONS AMONG THESE THREE CHARTS WE CAN TRADE THEM ACCORDINGLY WHEN EURUSD APPROACHES 1 THE PRICES OF USDJPY /EURJPY COMES CLOSER IF EURUSD GOES FUTHUR AWAY FORM +1 EURJPY INCREASE IN VALUE MORE THAN USDJPY IF EURUSD GOES FURTHUR AWAY FROM -1 USDJPY INCREASES IN VALUE MORE THAN EURJPY
by shermuelinvesting
EURUSD | Perspective for the new weekThe recovery of the Euro in the last couple of weeks doesn't seem to be strong enough to break through the supply zone around 1.02500; hereby giving the impression of strength for the Dollar. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
🍌EURUSD Time to make money) buy off the level🍌EURUSD Time to make money) buy off the level Price Formation in an Uplink ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I use all my transactions in real trading in my account, my account has already reached Profitability: 1549.04%🙏!❤️ It's your turn! Be sure to leave a comment and let us know how you see this opportunity and prediction.
Long
by QuantumLabSignals
1