After a short-lived selloff yesterday, EurUsd found bids at 1.18 and now is trading again just under 1.19
A break up of this level looks imminent and the single currency could accelerate its gains towards 1.2
A drop under 1.18 would invalidate this outlook
Disclaimer:- Educational Analysis says Eur/USD may go long according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why Long?
Because the 4 hr trendline(backline) is been respected twice.
For Additional Confirmation on this trade. you may go for 15 min tf and pitchfork tool may help you to this...
EurUsd spent all week consolidating just below 1.19.
An attempt to dive under 1.18 on Thursday encounter strong bids and the price quickly recovered.
I'm bullish on this pair as long as the price stays above 1.18 on a daily close basis and I expect a break above 1.19
My target is 1.2 on medium-term
EURUSD have been trading within a range, though overall momentum on bigger picture like weekly is still quite strong, if price action breaks out 1.1894 area and holds above, it is very much likely that market carries on going higher.
Main reason I am considering for long is there have already been multiple tests of 1.1917 area & an untested level of 1.2010 is...
Usd is weak and ignoring Eu lockdown and problems EurUsd is rising without any problems.
After reversing from 1.1750 support the signed currency put in a new support and higher low above 1.18 and now is trading under 1.19 resistance and important figure.
A break above 1.19 looks imminent and EurUsd could challenge 1.2 again.
As long as the pair is above 1.1820 I'm...
EurUsd corrected and reversed just from 1.1750 important support
Now the pair is back above 1.18 important figure and a new test of 1.19 could follow
I'm bullish EurUsd and I will look to buy dips for this pair.
A daily close under 1.1750 would negate this scenario
EURUSD SELL IDEA
Currently waiting for price to touch 1.8072 Before i hopped in for a sell the euro been very bearish over the past couple days and I expect the dollar to get stronger so that the euro will start to fall.
After a good up run last week, EurUsd failed to continue above 1.19 and bears took control.
Now the pair is correcting yesterday's drop and this can be a good opportunity for opening short trades.
I'm bearish this pair as long as the price stays under 1.19 on a daily close basis
EurUsd failed for the second time to break under 1.16 support and, after a nice Morning Star in this support. we have another fail and reversal on election day.
This 200 pips range trading should come to an end soon and I believe the next move will be up.
1.1750 zone is now support and here is where I will look for buying opportunities
A break above 1.1850 should...
The technical outlook for EurUsd is bearish in the medium term and with all lockdown in Europe I expect this to remain the case regardless of who wins the White House.
The pair had a short-lived spike above 1.17 zone and confirmed the break under ABCD correction
I expect rallies above 1.17 to be well caped by bears and the pair to fall quickly to 1.15 zone
After a short dive under 1.1750 confluence support, EurUsd recovered some losses and is trading (at the time of writing) just at support.
Considering my opinion on DXY, I expect this support to fall and the single currency to drop in the coming days and weeks.
Rallies towards 1.18 should be well caped by bears and we can have a new retest of 1.16 zone low
Currently in an EU long as price is failing to break lower and has done so for some time now. I expect price to push up and retest the previous lows that was broken for a retest to go short again but I’m going to ride price up into that zone. Nice 1-2.3 RR.
Price should find some support here and if so you can get a nice entry for a possible double bottom for a nice 100 pip move to the upside. Going to post another idea later for a 15min entry if I see one👍🏽
Wait for price to break this zone then enter on the retest. Once price closes above this zone I will place a buy limit at 1.18428 for a retest to go long with a 15 pip SL and a 45 pip target. Overall a 1-3RR but I believe this will push atleast 75 pips or so. To safely catch this move, i would manually stop by moving SL below the higher lows on the 15 min....
These are the best trades you can look to trade this upcoming week based on the structure on the 4H timeframe. Going to look to get my entries on the 15 min at these levels.
We Have an Analysis Of EURUSD H4. This Analysis Based On Price Action Theory.
Pair is falling down by getting supply pressure from the downtrend line and heading towards the south side. Well, the way bears are reacting it seems like they are approaching the 1.1650 and 1.1600 level which are the next arrival of bears. The overall pair is trading below all the major...
