M Formation has formed over the last month. The price also broke below the uptrend, which signalled strong downside to come. The EUR is not looking good along with other other counterparties. And we have further downside signals like. 21>7 Price<200 RSI<50 Target 1 will be all the way to 0.8407 which gives this potential trade a Risk to Reward of 1:1.8
Dollars strength continues. Eur/Usd to keep dropping from this point 0.9944 targets below 0.9800 stops above 0.9990 Use proper money management.
Euro dropped significantly yesterday. Today it will keep dropping. I expect price to have false break out to the top. Entry at 0.9978 Target at 0.9895 stops above 1.0000. Use proper money management.
Short EURUSD Just an idea and an update on my previous views
We are making new Lows on the 1hr and we have 4hr Momentum. Price is creating steep LL's and LH's on the 15m. My entry was based off a bear 15m closing past the 15m bull pullback candles. My entry was late. If we are going down then we will probably continue to go down so it's about finding a nice entry with a good SL.
EUR failing to break 1.14 on EURUSD again taking it lower on that pair and likewise failing to breach high from early February. More poor growth data out of Europe with sub 50 Manufacturing PMI data. Pair also running out steam at top end of RSI range
EURUSD stay on high of flat. Right now it can go down to low flat level - 1.1302. I think - its preferred situation. Near 70% probability. Or after breakout flat highlevel and retest it - you'll see retest :) - EURUSD can go higher to 1.1859 - 30% probability.
Intraday target: 1.1320 Long-term target: 1.0800
Wait for break and close of the head and shoulders pattern to enter.
Fundamentals:- Although there was some weak data from the US last week as a whole the economy is still on the upside. Non Farm payrole figures came in better than expected whilst unemployment creeped back up t 4% from 3.8%. Average hourly earnings also dropped from 0.3% to 0.2%. Over the long term I don't expect this to hold the USD down for any length of time. ...
Hello Traders, We started to see some price action at the top. The impulse still no strong enough to push EUR down so the price can keep pushing up for some pips. Look for sell as much higher as you can. Good luck! Cheers, Jonas
Hello Traders, Price is forming trend continuation pattern to the down side. Look for sell as much high as you can. Buy for short term is possible but very risky. Good Luck! Cheers, Jonas
A few things here Broken support line MACD has just crossed and entered the sell zone, shown by arrow RSI has a broken pattern as well, indicated by the arrow To set stop loss level, it is clear there is a strong resistance at around 1.075, as it bounced back down twice from this price, so 1.08 is a safe level As for the Reward, Fib and previous structures...
EURUSD MACD has turned bearish again...
buy @1022.11 This is also a nice alterntive for traders who are worried about USD strength as usually Gold suffers when USD gets strong. Not with this pair, at least to a less extent.
sell @ 1.56416 great RR!