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Eurusdsell

EURUSD Weekly overviewEURUSD as you see on Daily chart we had very wide moves so first we had a higher high then we got a lower low and then the price went back inside sup and res. the question is are we gonna keep pushing to the downside or there will be some some kind of support ,what we could say here that our last move was a lower low and now we've got a lower high.so a lower low ,lower high is a possible continuation , that is possible but also a bounce back to the upside from support area also a possibility,we may see some kind of break to the upside but unless you see the 4h channel broken there still to the downside for now, so keep following the downside move but if you see a break above the channel with a flag following that then we may see a return toward 1.1150 area , otherwise for now keep selling the top of the channel. if there is no break above it. ***Comment your thoughts down below!
Short
by ForexCracked
EURUSD is under selling pressureEURUSD As the corona virus cases surging in European region the stocks and indices are falling down and the investors are selling off their portfolios Recently the Euro got more weakness due to this And ECB is trying to provide additional stimulus package to cop up with the outbreak EURUSD is trading in a downtrend channel After reaching the 1.09781 level which is also a 61.8% Fibonacci its started falling towards 1.09100 which is 78.6% Fibonacci Currently this 78.6% Fibonacci is acting as barrier for the bull We can open short positions at this level Potential take profit will be 1.07540 Stop lose may placed above the 1.09800 level Leave your valuable comments below EURUSD - PIVOTAL POINTS PP 1.092 R3 1.1282 R2 1.1164 R1 1.1038 S1 1.0795 S2 1.0677 S3 1.0552
Short
by forexorbit
EURUSD sell tradeEURUSD More or less the same type of falling has happening in EURUSD as GOLD The more and more cases were tested positive in corona virus infection And the market forecasting/expecting a rate cut from ECB,this will further weaken the Euro against all the pairs. Now its currently trading at 1.11000 level which is 61.8% Fibonacci level As the downtrend chart patterns shows as further falling of this pair is inevitable We can open short positions at 1.11420 level which is 50% Fibonacci level And the potential take profit will be 1.09325 which is 78.6% Fibonacci level Stop lose may placed above 1.12300 level Please leave your valuable comments below EUR/USD pivotal points S3 1.1026 S2 1.1064 S1 1.1084 P 1.1101 R1 1.1122 R2 1.1138 R3 1.1176
Short
by forexorbit
EURUSD#3--->Time to sell:€ / $ #Technical_analysis and #Orders Good day, dear #investors and colleagues #traders! Your attention a technical analysis of the currency pair #Eurusd: #Comment for last week: The paragraph above (+ 2.35%) relative to the previous close of the week. The dollar was literally knocked out by an unexpected, unplanned Fed interest rate cut. Many market participants note that the Fed is strengthening its pigeon position on March 18 and further reduced the rate by 0.25%. We have relied on further actions that will look that gave a preemptive strike. Meanwhile, the #ECB, on the contrary, can take over the relay race it started from the Fed. Despite the fact that the ECB rate is at a minimum level of 0%, we can all see unprecedented measures, and the bank will be able to enter the negative funding zone. The basis of the export-oriented economy of the eurozone is Germany. In addition, it is important that the EU does not agree with such a competitive advantage as a weak dollar. An important factor for understanding further actions from the Fed - Salary growth: + 3%; - Job growth in the economy: 273,000; - unemployment rate: 3.5%; All major macroeconomic indicators showed that the Chinese economy received a strong blow from #coronavirus. We believe that the US economy may even overheat the US economy through risk. #Technical analysis: Globally (D1): The euro has overcome the downtrend, which has been in force since August 18, 1.12. Therefore, we have the opportunity to get further development. The next such goal is a direct level of 1.1453 (38.2%). Locally (H1-H4): The rising pair continues to be in the rising channel. By tradition, we call the weekly support and resistance zones: A) Support: 1.1094, 1.0899 & 1.0770; B) Resistance: 1.1418, 1.1549 & 1.1744; #Orders_and_position: - Leading indicators: Current prices tell us about extreme overbought. - Indicator of price behavior: this means that the moment of opening control transactions has not even come. #Deal: Potential sales. We will look for potential points in sales. Caution, prices must change. !The Fund for Indirect Investor Funds Management (WMCI Asset Management) reserves the right to trade at the level of stop loss and take profit, without notifying subscribers. Regards to subscribers, Ltd ”Wermelgion and Partners Investment” !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Short
by WockBruder