Market technicals continue to weaken for for EURUSD, as the currency pair failed to break through its 10-day EMA of 1.12468. Furthermore, both the SMI, RSI and MACD continue to fall, indicating both money and momentum are on the decline.
If this trend continues, the next stop is EURUSD 1.105311
I am sure you all made good profits as per my previous EUR/USD forecast. Last week almost all US reports were positive. GDP showed a 3.2% growth. Job growth, retail sales, manufacturing activity, and inflation ticked higher and supported our shorts in EUR.
Coming week is crucial for the American dollar — all eyes on FOMC meeting. Last time Fed was so...
As per our previous prediction, EURUSD had some good correction,
Now its again ready to move upword so we are opening a long trade
Buy EURUSD @ 1.1188
T.P @ 1.12821
S.L @ 1.1185
Do your trade with proper fund management
Euro dollar pair is very close to a demand zone.
Lookin left we have a significant support zone between 1.118-1.122.
Pattern completion point is inside this area.
Buy only with confirmation!
Please, check my signature and related ideas!
Dear Traders, my previous idea on EURUSD worked well and anyone who followed is already on 120+ pips profit.
For signals, charts and analysis, check my signature(link)at the bottom of this idea.
Right now, I want to draw your attention to a Potential SELL Trade that might take place soon.
As you can see, EU is ranging inside the BEARISH CHANNEL.
Hence, I would...
We saw a strong bounce off of the 61.8% fibonacci zone, but we're coming up on a strong resistance that was previously a strong support.
I like to play these Support/resistance flips the first time they test it as the supply usually keeps the price from moving through the level and they are nice shorts with a strong RR for less risk.
I have a relatively tight...
Short and simple(the graph might be harder to read as there are some elements overlapping, but I'll explain them here).
By this point almost everyone knows what's going on.
Just today EURO/USD hit one of the wave 5 landing zones(1.62x wave 1) around 1.1432 , and immediately bounced back.
This is supported from the chart as the 100+200 week MA's, are around the...
As I predicted yesterday, today was a bearish day for EUR/USD. Looks like it's gonna close near 1.12 figure heading into the Asian session.
Bears need to break 1.119 hourly support first and close below the next support around 1.1172 to confirm the bearish bias.
Watch out for tomorrow's economic indicators: German GDP, European GDP and Us retail sales.
Fundamental analysis: Although signs of small recovery of the euro zone started showing according to economic indicators, trade war escalation raised markets concerns of slowing global growth which is not benefiting the European union nor giving any hopes of rate hikes by the ECB, therefore giving the USD more strength as a safe haven.
Technical analysis: EUR/USD...
We have been in a sellers market for some time now with EU, trend line resistance is close by and rsi have been trending down.
any comments are appreciated as im still learning and looking to see others opinions on my analysis
happy trading people