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Eurusdidea

EUR/USD: ascending triangle patternHello guys. How it's going today? EUR vs USD created ascending triangle pattern in H1 timeframe. But we need compare it with the bigger timeframes also. In H4, EURUSD wanna break trendline and want to go downside. In Daily timeframe, it show us strong level between 1.0636 and 1.0776. Now, what will think for further analysis? Let's research now. Strong pattern is ascending triangle. It supports by breaking trend line in H4 also. This situation is a simple reminder for jumping up. But we should remember that EURUSD is high volatile pair and any fundamental or technical news can affect it positively or negatively. In my opinion: EURUSD will break trendline in H4, follow strong barrier in Daily timeframe. We can put: SELL LIMIT at 1.0733 TARGET 1.0405 STOP LOSS 1.0805 or SELL STOP at 1.0560 TARGET 1.0405 STOP LOSS 1.0743 These are only forecast. Do not forget to use SL in own trading. Trading without stop loss and bigger lots can cause heavy losses. Good luck!
Short
by Forexcues
EURUSD BULLISH IDEAEURUSD BULLISH IDEA;- EURUSD Has been ranging in accumulation zone for days showing high liquidity and low volatility,It is not a good place to look for sells or buys until the accumulation ends and provide us with good opportunity to either buy or Sell.. However ,I am still bullish because the overall trend is bullish we have yet confirmed a trend reversal os my priority will be looking for BUY opportunity, specially at around 1.0552,If price doesn`t come to fill the imbalance at that level I will wait for a entire structure to be very clean, Alternatively, if price takes out the imbalance, the trend reversal will be at very high probability, so will start looking for possible sell opportunity
Long
by market_wolfie
"EUR/USD: Upward Move Supported by Multiple Factors"The EUR/USD currency pair has been experiencing a downward trend over the past couple days, with a downward trendline forming around the 1.05800 level. However, it appears that the market has recently broken this trendline and retested it around the 1.06000 area, indicating a potential shift in the trend. The break and retest of the trendline at this level can also be seen as a form of support, as it suggests that the market is finding buying interest at this level. Additionally, the dollar seems to be experiencing some weakness at the moment, which may be contributing to an upward move for the EUR/USD pair. Pivot analysis using Fibonacci levels also supports this possibility, with the weekly pivot at the 1.06100 area and resistance at the 1.07500 level. It is worth considering, however, that the market is highly unpredictable and past performance is not necessarily indicative of future results. While it is possible that the current upward move may be the last push up before the market begins to move downward again, it is important to carefully analyze all available information and consider all potential outcomes before making any investment decisions.
Long
by Dion-FX
EurUsd- Are bulls done?Since the end of September, EurUsd has had quite a run, with the price rising more than 1000 pips from the bottom to the top. However, as I said multiple times these past weeks, this is just a correction, and with the price reaching the important 1.07-1.08 resistance, swing traders should look to sell and build USD long position. Last week's high was reversed quickly leaving a strong bearish engulfing on our daily chart and this can very well mark the top. Also, yesterday and Friday, bulls couldn't recover and looks pretty clear that rallies are sold. The first target for a drop is 1.03 and, as long as 1.0750 is intact, rallies should be sold.
Short
by Mihai_Iacob
10
EUR/USD: PAIR FORECAST BY VUGARHello guys! As you seen, EUR/USD created nice bullish trend from starting 0.95400 price level. It already gained many positive pips and continues to grow. But, I think that there is a strong barrier here. This barrier is situated at 1.07820 level which is strong point. So, what may be in next weeks? In my opinion, EUR/USD will grow up until 1.07500. Why? Because, upper from this price is coming 1.07820 level which I noted as barrier. If EUR/USD can break it and will strenghten above 1.07900 then we can see the next targets: Firstly, 1.09830 Secondly, 1.11500 This is a longway and we can see retracements here. However, this pair is beloved pair of Forex traders and their interest to it can push EUR/USD up. If price will remain under 1.07800 then we can see middle-term flat situation which can take some next. Pair will attempt break it but strong barrier will hinder it. This is just my opinion. I have forecasts related to downside movements also. Firstly, 1.04330 Secondly, 1.02100 Note: it is good to stay ajar in the period of Christmas. Good luck.
Long
by Forexcues