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We have an Intraday Bearish Bat on the Euro with Bearish PPO Confirmation and MACD Bearish Divergence. Earlier today, the Euro Doubled Bottomed at $1.05 and has since been on the rise, but so far it has only managed to come back up towards the moving averages and move up to complete a Bearish Bat. Now it is showing multiple signs of coming back down, and if it...
I can totally see that in the next days/weeks/ SAXO:EURUSD sweeping those weekly highs and then pullback back to parity.
The EURUSD trades significantly higher, bouncing from the 0.9740 support level to approach the parity level again. Although the price is currently consolidating below the 0.9950 interim resistance level, the EURUSD is likely to continue trading higher. Look for the price to break above the 0.9950 and 1.00 price area to signal a stronger move higher, with the...
Price recently spiked from this area, possibly leaving a great deal of unfilled orders in the market. I now believe USDCHF is coming back down to retest parity.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Sell. Enjoy the day all. Cheers. Jim
July 5th was the last time that EUR/CHF traded at 1.0000. The pair traded lower in an orderly channel until the pair broke above it on August 29th near 0.9629. EUR/CHF then hugged the top trendline of the channel, while still moving lower, making a local low at 0.9409. Since then, the pair has been moving higher in a flag formation. On October 13th, EUR/CHF...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Sell. Enjoy the day all. Cheers. Jim
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Sell. I'm just keeping the Stop fairly tight and at the same level as the other Sell...
EURUSD Intraday - We look to Sell at 0.9992 (stop at 1.0042) The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Reverse trend line resistance comes in at 0.9995. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 0.9881 and 0.9850...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Buy. Still have 4x partial Sell trades on this pair so they do give me some protection...
After the EURUSD reached and broke below parity, an analysis of the situation is in order. Last week, the euro failed to close above 1.0320 and the 50-Day Moving Average, presenting a potential bull trap and setting up the opportunity for short sellers, as illustrated by the orange circle. Although the pair broke below the parity on August 22, a decent...
After the euro made a once in 20 years slide to parity with the US dollar, one might also ask: will the British pound be the next to cross parity with the American dollar? The GBPUSD pair has been consistently in a downtrend since last year. Traders and investors are now on their watch as technical indicators may show signs of a possible move towards the parity...
The main questions that we get right now are if that's the bottom and are we going to see a reversal. The downtrend is really strong and we're expecting to see a breakout of the 1,0000 level. Right now, we're in a pullback and we would expect to have more selling opportunities once it ends. Such opportunities would be if price manages to push higher to around...
Like we said yesterday, the strong psychological number of 1,000 is suitable for a possible pullback. As of right now, it hasn't gained momentum yet and it's still possible to see a further push down and price trying to break below the parity level. In case of price bouncing back up, we could wait for 1,0150 and then look to enter short again!
✅EUR_USD is going down now But a strong support level is ahead Thus I am expecting a rebound And a move up towards the target LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! EUR-USD is trading in a strong downtrend And the pair has almost reached PARITY So despite my strong bearish bias I think that we will see at least a local rebound From the 1.00000 level on EUR-USD Because If thats not a round level I don't know what is... Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Dollar Index has broken through 108 level and is trading at 108.30 which is the highest level since 08/2002. Meanwhile, EUR/USD slides to parity level as the lowest since January 2003. US CPI is the key financial data of the week.