#EURUSD Price is trading the triangle pattern once breakout the triangle patten and candlestick close above it will move for buy-side otherwise it's closed below the triangle pattern it will go for the next level support area.. once the price comes with a support area and any bullish candlestick formed will go for the buy
Why we like it:
Price is trading to the...
last few weeks we saw down side correction pattern and (wedge) & price brake above it. after brake impulsive wave price make some correction & now with in fib 50 - 61 % area price bouncing now. accept price push higher.
What we see on this chart EURUSD is really clear, we are in strong area (which you see in gray rectangle). In this area we cannot confirm if 100% we going to break lower trend line of downtrend channel but what we clearly seeing is price rejecting our bottom of channel,
As you see on chart we clearly have two scenarios in row,
1st scenario is to break down...
It seems in the best support line perthe trend lines 1.18 seems a good support. Little bullish has been expected from here.
1.185 IS THE IMMEDIATE POINT PER MY VIEW.
PLEASE TRADE WITH YOUR OWN AND COMFORTABLE VIEWS.
1.15 is a key target that in my opinion could be hit. Until we see EURUSD close above 1.25, EURUSD remains somewhat more neutral/bearish in the short to medium term, although it is bullish long term. EURUSD has broken some key levels and is looking strong on high timeframes, but in the short term it is still range bound and could fall down to 1.14-1.15 where it...
EUR/USD - Intraday - We look to Buy at 1.1848 (stop at 1.1828)
Broken out of the wedge formation to the upside.
Pivot support is at 1.1847. Trend line support is located at 1.1850.
Dips continue to attract buyers.
Short term bias is bullish.
Our profit targets will be 1.1904 and 1.1914
Resistance: 1.1890 / 1.1910 / 1.1940
Support: 1.1850 / 1.1830 / 1.1810
Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the...
similar like GBPUSD I'm expecting EURUSD to go backup and retest 1.888. EUR is much weaker in performance from my opinion, so it might face much more influence from the US side.
Going down below 1.185 would be something serious for bulls which it did happen yesterday, and I hope it won't happen again today - similar to GBPUSD, if it does drop below 1.185 I will...
Hey traders, here is the analysis for the EURUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Be it structure or patterns, we see this pair in a corrective phase.
The level of 1.18550 still holds price so we should be careful if you want to look for selling opportunities.
If price breaks above the symetrical triangle, we could see some more upside to EURUSD.
Another key level to look out for is 1.18350. We could still see some bullish bounce from this...
Looking to take a Long if the Price should move as shown with the green arrow:
1. Price moves under S/R level (red line)
2. Price reclaims it
3. Long on retest of it
Target: S/R level (yellow level)
S-L: Under recent SwingLow
My General rules and approach regarding trading:
- I mark levels that i find interesting and set up requirements what price...
Hello traders, I have recommended buying the dips in EUR/USD since the start of the week
and if you bought below 1.18, I believe you are in for a very good buy trade.(Previous chart attached below)
As you can see, EUR/USD has rebounded from the strong support zone and as long...
The daily chart of the EurUsd is clearly in a symmetric triangle.
As the stock market is trying to correct in the insane money printing the FED will not have too much chance after the last FOMC meeting's comments - They will reduce their asset purchases quicker than anticipated- than weaken the dollar.
Today at the trendline they have a very good chance to bounce...