eurusdtrade

EURUSD has been in a downtrend / correction from year 2008 and has fallen about -35.02% since then. I believe EURUSD is in a short covering mode and will resume it's downtrend after it meets the key supply zone at 1.23040 to 1.20422 which is the trend line on the upside as well as the horizontal resistance line or both (confluence). The RSI easily confirms the ...

Our preference: position bought above 1.1435 with targets at 1.1475 & 1.1490 in extension. Alternative scenario: in break of 1,1435, a continuation of the decrease will be envisageable with 1,1410 & 1,1380 in line of sight. Comment: The RSI is mixed with a limited bullish bias.

Hi traders, EUR/USD showing exhaustion. The RSI making a divergence, however, there was a strong bullish candle of Friday close. Here are two possible scenarios: Scenario 1: On the daily chart, the red line above the candles is a strong resistance zone that has been built over the last months. I believe that it will hit the zone and reverse. My approach is not ...

2 Big critical zones for EURUSD, i will wait until we arrive in one of there zones to take any trades. Subscribe to my youtube channel if you haven't already ;) https://www.youtube.com/channel/UCqCPVo_mwXK5XEr-QP8_TQA

Hello, The EUR has seen a push down to a current 4HR uptrend and as the dollar falls it makes sense that this would be a great entry as well it has broken the 1HR trend line making it bullish. Now just waiting down on the 15M chart to pullback and retouch for a bullish push. Just sit and wait patiently to profit! www.blueprintforex.com

Euro/usd currently looking to complete the Crab Pattern it may or it may not so we shouldn't risk it and sell Eur/Usd now for sure we should wait for a good opportunity and a good point entry to put our SL Tight always remember to enter in good position with tight SL thanks.

Our preference: position bought above 1.1380 with targets at 1.1420 & 1.1440 in extension. Alternative scenario: in break of 1,1380, a continuation of the decline will be envisageable with 1,1360 & 1,1340 in line of sight. Comment: A support base on 1,1380 formed and allowed temporary stabilization.

Sell below 1.1425. Stop loss at 1.1450. Take profit at 1.1355. Reason for the trading strategy (technically): Price has reacted off our selling area really nicely. We remain bearish looking to sell below major resistance at 1.1425 (Fibonacci extension, Fibonacci retracement, horizontal swing high resistance, bearish price action) for a push down to at least 1.1355 ...

For several weeks, the Euro has been outperforming several Forex pairs including the US Dollar, and we were able to take advantage of the rallies and the downside corrections with them! For the EURUSD Forex pair, it has broken the weekly resistance but is few pips away from the monthly resistance which may give a clean opportunity to short it or even give a clean ...

Our preference: sales position below 1.1370 with targets at 1.1315 & 1.1290 in extension. Alternative Scenario: In excess of 1,1370, aim for a continuation of the rise with 1,1400 & 1,1425 in line of sight. Comment: The RSI pressed a straight up trend.

Our preference: position bought above 127.00 with targets at 128.25 & 129.05 in extension. Alternative scenario: in break of 127,00, a continuation of the decrease will be envisageable with 126,35 & 125,65 in line of sight. Comment: a support base on the 127.00 formed and allowed temporary stabilization.

Hello traders, After the long uptrend, the EUR/USD pair is showing signs of exhaustion. First, it seems to be failing to make a new higher high, as seen on the latest candle. The RSI is starting to show a divergence (RSI is not making a new higher high on the latest candles). I will be waiting until the 4H candle breaks the 20 moving average from the Bollinger ...

With the recent EURUSD rally we have come back up to 1.13x and we are fast approaching a Major Resistance Zone. In fact, the last time price was able to breach and close above this resistance zone on the Weekly timeframe was the 29th of September 2003 !! Price has retested this zone multiple times and failed to keep above it. I will continue to monitor on ...

Sell below 1.1200. Stop loss at 1.1221. Take profit at 1.1140. Reason for the trading strategy (technically): We have seen price form a really nice reversal pattern. We remain bearish below major resistance at 1.1200 (Fibonacci retracement, horizontal pullback resistance, bearish divergence) and we expect a drop from this level towards at least 1.1140 support ...

Buy above 1.1120. Stop loss at 1.1106. Take profit at 1.1183. Reason for the trading strategy (technically): Price has dropped strongly since yesterday. We remain bullish above 1.1120 support (Fibonacci extension, Elliott wave theory) for a push up to at least 1.1183 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,5,3) is seeing ...

SELL @ 1.1102

Our preference: position bought above 1.1180 with targets at 1.1230 & 1.1250 in extension. Alternative scenario: in break of 1.1180, a continuation of the decline will be envisageable with 1,1160 & 1,1135 in line of sight. Comment: The RSI is well oriented.

Sell below 1.1300. Stop loss at 1.1380. Take profit at 1.1080. Reason for the trading strategy: Price has reached our selling area and is reacting off it perfectly. This week we remain bearish below major resistance at 1.1300 (Multiple Fibonacci extensions, Elliott wave theory, horizontal swing high resistance, bearish divergence) for a further drop towards 1.0930 ...