Welcome to PrimeXBT’s latest trade idea, focusing on EURAUD’s price action.
Combine China’s numbers with stronger Markit Services and Composite PMIs from many European countries and with the EU as a whole, and we get a strong case for a move higher in EURAUD.
EUR/AUD bears will look to short near 1.625 with stops above the key resistance level....
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 watchlist and see if the rules of your strategy are satisfied.
PrimeXBT would like to call your attention to a special analysis overview of EUR/USD.
Last week’s US jobs report triggered some selling pressure on the greenback, subsequently leading a trading range in the US dollar index (DXY) to form. Yesterday, DXY broke lower from the range, signaling more short-term weakness.
The U.S. dollar is...
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Entry - 1.1143 (slightly below local support)
TP1 - 1.10920 (Horizontal Support)
TP2 - 1.10670 (Pivot Support 1)
SL - 1.11620 (Slightly above Channel's resistance)
Reason: The price was rejected by descending channel's resistance, also the price was not able to hit Pivot Resistance 1....
Hello Traders !
Finally EURUSD could drop like a mentioned in the Analysis. Now the price is at a Demand Zone. I expect the price to go up and to break the resistance.
Hope you enjoy my Analysis.
Let me now in the comment section below your view on EURUSD and what you think about my Analysis.
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Thank you and we will see next time
mid-term locked in range.
compression into trn on weekly
will be likely unproductive
for a while now
ultimately break down pending
target for bears is 0800//0840
short sell any rips.
ANALYSIS ON EURUSD
Welcome to my analysis
Interesting Point of interest In the EURUSD pair.
- Price above the 200 day EMA.
- Watch top for Sell
- Expecting more downward momentum.
- Watch 1.1200 area for sell signal.
- MACD showing bearish divergence
What’s going on? This is Jordan with Conquer Trading & Investing providing simply the very best education and analysis on the internet. Here is the full analysis and outlook for this pair. If you have any questions or insights you would like to share feel free to share them in the comments below.
+37 pips (SL @ Entry)
We are closing a third of our trade and leaving our SL at our entry. Keep in mind we are expecting a bigger move to the downside soon so we need to not get greedy and remain prepared to take a short trade. I will update if anything changes.
EURO|USD: Episode (1)- Series: Major Currencies and Currency Indices -18th of August 2019 (8-9 Minute Read)
3 Contingencies upon which the timing of this analysis is based on: Brexit(Finally) Happening in the next 6 months, similarly expecting a US/China Trade deal in the same time-frame, and of course later on Trump winning 2020. I have to reiterate here, that I...