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Eurusdidea

EURUSD: Big room to Retrace, however, we are still BULLISHHello, 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. Top Down Technical Analysis: Since November 2021, EURUSD has been moving clearly inside a descending channel, keeping this strong bearish momentum for a year! At the end of September, the price reached an important level at 0.97000, bouncing on it with an interesting price action. The price reversed, false breakout, sharp bullish impulse and proceeded breaking the main structure to the upside. 500 pip and more of long, the market currently reached a potential pivotal swing and the further price action will be essential to understand the next movement. Although we strongly believe in a bearish correction after a such a huge move, in long term perspective we see this market reaching its next swing at around 1.06000. When, where and why would we step into the market? Unless this market will clearly show bearish price action and no momentum to the upside, we will just be looking for long position. A consolidation is needed before the next movement, and we can see a retracement back to 1.0100 or 1.0000, before a potential continuation. At the moment, we will keep an eye on the future structure and no action will be taken! 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
14
EurUsd could fall from major resistanceSo far, the month of November is one of correction for EurUsd with the pair rising more than 600 pips in the last 2 weeks. However, let's not forget that the long-term trend is strongly bearish, and also fundamentally nothing changed significantly and a slightly better-than-expected CPI alone couldn't change a strong trend. At this moment EurUsd is facing a very strong resistance that starts around 1.0350 and extends above 1.04 and this could be a good opportunity for traders to join the long-term trend. That being said, rallies in this zone should be sold keeping in mind possible spikes when setting stop loss. 1.02 is the first obvious support followed by important parity zone.
Short
by Mihai_Iacob
14
EURUSD - 1H - LONGBuyers came in strongly from 6 weeks ago and broke the EURUSD downtrend. Now is the time for them to rest and an opportunity has been created for the rest of the traders. The fixed ceiling of the Fibo zone is 0.618, which this week saw a retracement of this zone, forming a V for us. In order to continue its uptrend, this chart needs to correct when it breaks away from the downtrend channel to gain bullish strength. Note that this chart requires time correction to go up, not location correction, so pay attention to this point and make the most of the trades that we will have in the upcoming range in the 5-minute time. In the MACD indicator, we also see a positive hidden divergence, which is currently close to the zero zone. If the price breaks the resistance zone before the time correction, you can think about buying, but you have to be more patient until your target is touched. And the last point: if the price is determined from the range box and moves down, this analysis is no longer valid and is waiting for our next presentation regarding this chart. Golden Dragon
Long
by the_golden_dragon
2
Trading Analysis eur/usd 11.11.2022Welcome to the BasicTrading channel. My name is Philip and in todays analysis I quickly go over the situation which we currently have on EUR/USD. I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities. If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow. Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
by basictradingtv
4
EurUsd- First target reached, now what?As I argued in both written and video analysis, there is a high chance of a reversal in EurUsd's case and 1.02 with 1.0350 in extension could be the target for this correction. Indeed, yesterday EurUsd touched the 1.02 zone and we may ask ourselves "now what" In my opinion, the 1.0350 zone will be reached in the medium term, but from a risk: reward point of view, at this moment, we don't have a valid trade. However, in the eventuality of a drop under parity, this should be considered a buying opportunity with the up mentioned target and only a drop under 0.97 would negate this scenario
Long
by Mihai_Iacob
9