EurUsd- will it correct to 1.2?As I mentioned before, since the beginning of the year, EurUsd is trading in a 500 pips range.
At this point, the pair is at the bottom of this range and things on the longer term are not so clear without a break here.
On the other hand, if we look at a shorter TF, we can see that EurUsd is drawing a falling wedge on our chart and the last three lows are very close to each other in terms of price.
A break above 1.1825-1.1830 would confirm the pattern and a correction could follow. 1.2 can be the target for bulls in this eventuality and a new low would put a pause to this scenario.
Eurusdsignals
EUR/USD SELL OPPOTUNITY VIEW....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
PLZ! LIKE COMMAND AND SUBSCRIBE
Eurusd uptrend
The instrument has reached a strong support level .
The last time the level was tested in the first quarter of this year, it will be quite difficult to break through it just like that, so I'm waiting for the level to be worked out in the form of a false breakout or rebound and a rollback, or a change in the local trend to a bullish one.
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9 / 10 last EURUSD ideas come TRUE
✅EURUSD №1 ✅EURUSD №6
✅EURUSD №2 ✅EURUSD №7
✅EURUSD №3 ✅EURUSD №8
✅EURUSD №4 ✅EURUSD №9
✅EURUSD №5 ❌EURUSD №10
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EURUSD Key level for trend shiftingEURUSD broke on Friday the 4H MA50 (blue trend-line) and closed the session (1D candle) above it for the first time since June 01. Today it is testing the same level as a Support, which is the key to a potental uptrend as if it holds, the (short-term at least) trend reverses towards the 4H MA200 (orange trend-line) and the 1D MA200 (red trend-line) which both are on the Pivot Zone (green) of the long-term Triangle as described on our most recent idea:
This seems to be the most optimal long-term buy level for 1.21750, but even on the short-term if you seek a low risk trade, you can wait until the Channel Up breaks upwards and target 1.2000 which is the top of the Pivot Zone and where projected contact with both the 4H MA200 and the 1W MA200 can be made.
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EURUSD | Perspective for the new week | Follow-up detailsWe witnessed a total of 500pips in our direction since my last publication on this pair (see link below for reference purposes) and it appears the Bears have lost the momentum giving way for a potential rally in the coming week(s). The Euro fell significantly during the course of the last one month to break below Key level @ $1.18500 level, only to turn around with signs of life again during the latter part of last week trading session to break and close above the same Key level. With the recent structure favouring the Euro; participants (buyers) look forward to the coming week(s) with optimism after the ECB decided to let inflation slightly overshoot its 2% target to avoid the risk of premature tightening.
Tendency: Uptrend (Bullish)
Structure: Breakout | Supply & Demand | Reversal pattern (Re-test/Rejection)
Observation: i. The Bearish momentum that began in January 2021 broke out of her prevailing direction (Bearish Trendline) on the 22nd of April 2021 to set the pace for what look likes a Trend continuation.
ii. The first major level to hold price "supported" this year (2021) is identified at $1.17000 (31st of March 2021) which is represented on the chart as the Demand zone.
iii. I have hereby tagged this Demand zone a strong level for buyers considering the emphatic run (leading to a Breakout of the Bearish Trendline) that peaked at $1.22650 (over 500pips move).
iv. The Bearish momentum that began on the 26th of May appears to stall @ $1.17850 which also fulfils a re-test pattern of the Trendline Breakout as we witness the buyers picking up momentum from the Demand zone mentioned earlier.
v. In this regard, a confluence is identified at $1.1800 - a point where the Trendline and Demand zone meets to favour a "possible" rally.
vi. We saw the price break and close above $1.1800 (Key level) on the last day of last week trading to reveal a buying momentum at this juncture.
vii. The price MUST remain above the key level to support a Bullish bias in the coming week(s)... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward : 1:6
Potential Duration: 5 to 12days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
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.
EURUSD Buy SignalPattern: Triangle on 1D.
Signal: Buy as the price is rebounding near the Higher Lows trend-line of the Triangle. The RSI is making a Double Bottom, similar to the previous Higher Lows events.
Target: 1/21750 (just below the 0.2 Fibonacci retracement level).
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Outlook on EURUSD: Bullish play seenHi everyone! our call on XAUUSD last week played out nicely, for this week, we are seeing a bullish outlook for EURUSD. Prices are currently testing the weekly support zone in line with the ascending trend line and 78.6% retracement where we could see further upside here. On the H4 time frame, prices broke above the short term descending trend line where a pullback to in prices to the support zone at 1.18200 presents a buy opportunity. Keeping in mind the weekly time frame echoes a more bullish bias, with prices holding well above the ascending trend line, a break above the H4 resistance zone at 1.19200 could see prices push higher to the next resistance zone at 1.19800.
EURUSD Critical week. It is all about the 1W MA50.Last week the price closed below the 1W MA50 (blue trend-line) for the first time since May 18, 2020. Even though EURUSD is still on Higher Lows since November 02, 2020, it remains under the bearish effect of the Lower Highs since the Jan 04, 2021 weekly top.
This 1W MA50 break brings comparisons with the May 07, 2018 weekly breaking. At that time, the pair broke below the 1W MA50 and never closed a 1W candle above it in almost 2 years. Once it did, it marked the bottom and the 2020 rally started.
In my opinion, even though the price remains on Higher Lows, it is more important to make a weekly closing above the 1W MA50 to restore the bullish sentiment. Otherwise, as long as it does not, the price action should continue to show weakness, first on the Red Symmetrical Zone and the 1W MA200 (orange trend-line) and if broken, towards the 4 year Higher Lows trend-line.
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EURUSD hit the 1D MA50Pattern: Inverse Head and Shoulders on 1D.
Signal: Buy as the price is in the process of completing the Right Shoulder while it hit the 1D MA50.
Target: 1.23500 (the 6 month Resistance).
Most recent EURUSD signal:
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EURUSD | Perspective for the new week | Follow-upWe are yet to find an avenue for Bearish confirmation since my last publication on this pair as the price continues to find a higher high (see link below for reference purposes). Continuous rejection of the $1.22500 level since mid-May 2021 is a clue pointing at the possibility of a bearish momentum building up at this juncture in the market.
The prospect of positive clues on Federal Reserve monetary policy and weakness in the euro appears to be restoring some confidence back for the Greenback in the coming week(s) as I am looking forward to a Breakdown/Retest of Neckline which is also a Key level @ $1.21200 for confirmation.
Tendency: Downtrend (Bearish)
Structure: Breakdown | Supply & Demand | Trendline
Observation: i. The line drawn under pivot lows is a visual representation of the prevailing direction and speed of price action in the last couple of months.
ii. We have witnessed a sharp rise in the value of the Euro since the beginning of April 2021 and the multiple rejections at the $1.22500 area reveal a decline in Bullish momentum as Sellers appear to be on the verge of dictating the direction of price action in the nearest future.
iii. Breakdown of Trendline on the 3rd of June followed by a sharp rejection of same during last week trading session anticipates a change in direction.
iv. In this regard, I shall be looking forward to a Breakdown/Retest of Neckline (Key level I) @ $1.21200 for confirmations in the coming week.
v. Further plunge below Key level II @ $1.19500 might welcome addition to the existing position... Trade consciously! :)
Trading plan: SELL confirmation with a minimum potential profit of 250 pips.
Risk/Reward : 1:6
Potential Duration: 5 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
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.
EURUSD Critical crossroadsPattern: Channel Up on 4H but if 1.22390 doesn't break, a Channel Down may take its place.
Signal: (A) Buy if 1.22390 breaks, (B) sell until then as a 4H MA50/MA100 has been formed.
Target: (A) 1.23450 (1.618 Fibonacci extension), (B) 1.20900 (Lower Low on the emerging Channel Down and just above the 1D MA50 (yellow trend-line).
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EURUSDAs I said last weeks...If we make a parallel between the chart on a week and one month because the month of May closes ...we can see that on the 1 week chart the last 9 candles in circle 1 have a structure identical to the 9 in circle 2 and even if maybe it will make a small rise, EURUSD will go down to close M formed in the last period
On the 1 month chart we notice that it has rejected from the trend line and if the month will close like this ... we still have a strong confirmation of a decrease of at least 300-400 pips
THIS WEEK...as I told you last week, the structure of the 2 circles remains the same and the 10th candle closed on the descent and rejected as I told you from the trend line for 1 month!
For next week I will be looking for SELL for 70-80 pips that were made during the NFP and after ... I will be looking for SELL until the 1.19500 area in the next period
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
EURUSD Buy SignalPattern: Channel Up on 4H.
Signal: Buy as the price rebounded again on the 4H MA100 (green trend-line).
Target: 1.23450 (just below the 1.618 Fibonacci extension).
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EURUSDAs I said last weeks...I expect a small withdrawal of 30-40 pips and an extended range and then another strong climb to 1.22400 and even higher to 1.23500
...as I said last week EURUSD is in a range between the 0.236 level and the 0.382 Fibonacci level! next week I will follow the same range until it closes for at least 1 day below these levels! I still think he will retry once again 1.23500 and from there .... DOWN AGAIN at least 700 pips
THIS WEEK.....If we make a parallel between the chart on a week and one month because the month of May closes ...we can see that on the 1 week chart the last 9 candles in circle 1 have a structure identical to the 9 in circle 2 and even if maybe it will make a small rise, EURUSD will go down to close M formed in the last period
On the 1 month chart we notice that it has rejected from the trend line and if the month will close like this ... we still have a strong confirmation of a decrease of at least 300-400 pips
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
EURUSD top-down analysisHi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis.
Also let me know your thought in the comment section what you think about this pair.
EURUSD close to 1st 1D MA50/100 Bullish Cross since June 2020!Important development for EURUSD which after a strong 2 month rally (April - May), it is close to forming an MA50/ MA100 Bullish Cross on the 1D time-frame. Last time that pattern emerged was on June 16, 2020 and after a pull-back to the 0.618 Fibonacci retracement level, the price formed a bottom and rallied to the 1.5 Fibonacci extension level.
That rally formed the new Higher High of the 2-year Channel Up that the pair has been trading in. Assuming that the new 1D MA50/100 Bullish Cross forms the new bottom, then the price can rally at least towards the 1.5 Fib extension, which is now a little over 1.26500, and that would still be below the Higher High trend-line of the Channel Up.
Former EURUSD idea:
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Potential HUGE tradeBased on my price action, currently, it's a nice retest of the broken TL, a pretty excellent risk-reward ratio. I predicted it would reach the final target by the end of July or the beginning of August. I would wait for the confirmation candle, enter the trade, set SL / TP, and forget about it since the analysis is base on the daily time frame.
We had a similar entry price zone on February 25, 2021 (link attached). The market rejected 1.224 zones at that time and fell deep to 1.170.
Invalidation:
This analysis fails if the price breakout and closes above 1.236.
Catalyst:
- ECB Financial Stability Review
- EU CPI
- FOMC
- US Unemployment claims
- EU PMI
- ECB Press Conference
- NFP
EURUSD Filled all previous Highs. One left.Pattern: Channel Up on 4H.
Signal: Buy within the 4H MA50/ 4H MA100 buy zone. Confirmation when the 4H MACD makes a Bullish Cross.
Target: 1.23450 (The January 06 High).
Previous short-term idea:
Previous long-term idea:
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EURUSD reviewDescription :
The euro and the dollar do not have very complicated and incomprehensible conditions
We see a relatively good support, followed by a resistance that feels like an uptrend that does not touch the price of support.
With the growth of the dollar index, we saw the fall of all currencies, even bitcoin
If you look at the analysis of the dollar, it feels like it is coming back after touching the channel ceiling, at which time most currencies are touching their support, and from now on we have to wait for a signal for the dollar to fall in favor of other currencies.
#EURUSD#EURUSD
After the start of movement on Monday, the price continues to fall from the resistance of 1.213.
I expect the fall to continue.
1 - resistance line of February 2020
2 - recent breakdown of the 1.198 support line.
3 - rebound from resistance 1.213 and working out correction (an essential element of almost any movement).
The target is 1.186.
🔔 11 / 13 last EURUSD forecasts come TRUE