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Longeurusd

Buy the Breakout EUR/USD Bullish ExpectationHi guys, Here some analysis on the EUR/USD pair: After some macro indicator such as a stronger non farm payroll in USA which showed higher wages, the DOLLAR got stronger and we saw a correction on this pair. Technically, the price has rallied since a long time and this might be just a natural correction. Currently, the trend is still up and I expect the price to go up around 1.22 where there will be some resistance and perhaps a consolidation and eventually a breakout. Here is the trend set up: - A nice consolidation has been formed + a DB - We can see a front running indicator,higher low supported by a big green engulfing candle - The price is lying on the upwards trend channel - Put a BUY LIMIT on the breakout of the consolidation, around 5 pips. - Risk reward around 1:1.8 targeting the major DAILY resistance, around 1.21-22 If you liked my analysis feel free to leave a comment or a like. Cheers, Sebastiano
Long
by Sebatrader1
1
EUR/USD Long PositionFundamentals:- The rate hike due out in December from the Federal reserve bank in the USA is now old news and the market has long priced in dollar strength. What is coming to light in the Eurozone is the bailout agreement for the U.K. and the European inflation slowly picking up pace. ECB tapering could be on the cards meaning the ECB will be looking at ways to reel in their Quantitative easing campaign and eventually raising interest rates. The CPI reading for Europe is due out tomorrow and we expect an increase from 1.4% to 1.6%; so keep an eye on the charts at 10am. Of course I will already be inthe trade by then and hoping to reap some profit Technicals:- We have had a nice pull back from the recent highs on the EUR/USD pair with a good area of confluence and rejection from the 11800 level. I am looking to enter at market with a decent leg up above 12100 Entry price 11850 stop loss 11700 take profit 12100 / 12200
by FreeForexSignals4u