Double Top in EURUSDEURUSD formed a double top / Double bottom in USDEUR.
Though this ell may end in head and shoulders and that should not be excluded.
As told, right now we are at very strong level 85 and if to expect a turn this is very it may happen, at 85. So watch this level carefully.
We fail for the 5th day at 85 - which says a lot.
USDEUR
Euro Bullish modBecause i have nothing to do. but when i play Cryptos i have the choice to Play in USD or Euros. My choice for now is Euro.
- Euro broke a 12 years downtrend (2008 to 2020)
- Dollars printing machine is burning with Covid
as results :
- More Dollars than Euros printed = Euro Stronger.
- Forex Trend can change with FA ( politicals blablabla / Economic War / etc ).
- Could be more slow cuz i have habits with Cryptos.
- Simple as that.
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Trading Parts :
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Buy Zone : 1.15$ ish
TP : 1.35$ ish
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Happy Trading !
USDEUR (EURUSD) FAILS AT 85As you see, we saw multiple rejections from 85 level. Note, this is inverted eurusd, this is how American financial system looks and trades EUR, in dollar value. This should be kept in mind. You will not understand what is going with EURUSD on until you see that USDEUR simply hit 85. I did quite a few trades to and off 85. It has to be decisive breakout candle through 85 before you can continue with shorts on EURUSD (longs with USDEUR).
EUR/USD 1D analysis 06/07/21Hello everyone , as we all know the market action discounts everything :) as i showed you guys form a chart a week ago that the market is bearish with no signs of a reversal yet , a possible head and shoulders are forming but we will be waiting for the breaking of the neckline at 1.17735 area , indicators are showing the major trend right now and they are all bearish with { MA moving below the market price , MACD creating a negative divergence (bearish signal) , and ADX showing us that the market is trending with Di- moving above di+ (bearish signal} .
Fundamental analysis :
EUR/USD bulls in control and target a deeper retracement of the bearish daily impulse.
EUR/USD continues with its sideways movement on Tuesday morning in the Asian trading session. The pair trades in a very narrow trade band with no meaningful traction ahead of the key economic data.
At the time of writing, EUR/USD is trading at 1.1864, up 0.02% for the day.
The US Dollar Index (DXY), which tracks the performance of the greenback against its six major rivals, trades below the 12-week high near 92.20 with muted gains. The US 10-year benchmark yields rise a little toward 1.44%.
Investors stayed away from positioning large bets on the US dollar in a quiet trading session on Monday as exchanges remained closed for the Independence Day holiday. All eyes remained on the FOMC minutes to release on Wednesday.
On the other hand, the single currency gains were limited as the ECB policymakers remained at odds with their new inflation strategy but confident to reach a consensus in the special meeting in Frankfurt next week, as per Bloomberg reports.
Meanwhile, the IHS Markit Eurozone Composite Purchase Manager Index (PMI) came at 59.5 in June, slightly higher than the market estimates at 59.2. The Service PMI also read higher at 58.3 in June, above the market expectations of 58.0.
As for now, investors await the Eurozone Retails Sales data and the US ISM Service Purchase Manager Index (PMI) data to gauge the market sentiment.
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EURUSD EAT MOORE PROFIT!!!MY FIRST IDEA!
**NOT FINANCIAL ADVICE.
THE OVERALL TREND IS STILL BULLISH. THE DOLLAR SEEMS TO HAVE SEEN SOME MINOR STRENGTH TODAY BECAUSE OF THE FED, BECAUSE OF BITCOIN LIQUIDATIONS/WEAK HANDS. BLAHBLAHBLAH... OKAY, LISTEN, JUST FOLLOW THE PRICE ACTION. I TRIED TO INCLUDE LOTS OF OBVIOUS CLUES AS TO WHY I AM LONG HERE. PICK, YOUR TARGETS, PICK YOUR POISON, PROTECT YOUR POSITION.
SORRY FOR YELLING, I'M EXCITED ABOUT POSTING MY FIRST IDEA!!!
USDEURAs expected, the Fed will continue its quantitative easing program to keep long-term interest rates very low, despite encouraging signs of recovery. Tighter monetary policy would make the dollar more attractive to investors . Nonetheless, keeping interest rates low amid an improving US and global economy is a good recipe for the greenback to continue falling.
EUR/USD: BEARISH HARMONIC PATTERN - READY TO GO DOWN ! 🔔🔔🔔 Welcome back Traders, Investors, and Community!
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Strategy : Bearish Bat Pattern
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EURUSD : PRICE ACTION IN 4H TMF- PRICE IS GROWING,STAY TUNED !🔔Hello Everyone, I hope you'll Appreciate our Advanced Analysis on Price Action !
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Strategy :ABCD BULLISH PATTERN
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EUR/USD: BULLISH HARMONIC IMPULSE - PRICE IS GROWING ! 🔔🔔🔔Welcome back Traders, Investors, and Community!
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Strategy : Bat pattern
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EUR/USD: PRICE ACTION ZOOM H3 - PRICE READY TO GROW 🔔🔔🔔Welcome back Traders, Investors, and Community!
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Strategy : MACD DIVERGENCE
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EUR/USD: PRICE ACTION ZOOM H4 - PRICE IS READY TO GROW ! 🔔🔔🔔Welcome back Traders, Investors, and Community!
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Strategy : Rebound in 78.6 % Fibo Daily , reversal Bearish channel
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EUR/USD: PRICE ACTION ZOOM H1 - IS THE PRICE READY TO GROW ? 🔔Welcome back Traders, Investors, and Community!
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Strategy : Bullish Shark Pattern on Abcd pattern confirmation .
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EURUSD : ANALYSIS 1H TIMEFRAME - PRICE WILL GROW ? 🔔Hello Everyone, I hope you'll Appreciate our Advanced Analysis on Price Action !
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Strategy : reversal on Bearish channel
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EURUSD : PRICE ACTION 2H TIMEFRAME - PRICE IS FALL ! 🔔Hello Everyone, I hope you'll Appreciate our Advanced Analysis on Price Action !
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Strategy : Trend continuation
Have a Good Take Profits ! ! !