EUR/USD has been in correction since the beginning of 2021, but now there may be an opportunity to buy from 1.2-1.205 level. Given that DXY is still below 91.2-91.3, we might see a further decline in the dollar. Buy @ 1.2-1.205, TP 1.22-1.23-1.235, SL 1.95.
The price has breached the strong resistance 1.21310 Expected scenarios: The collapse continues to 1.20820 on condition that the price remains below the previously mentioned resistance But if it breaks the resistance 1.21310 to the upside, it can buy and target 1.21765 as long as the price remains above the resistance
Euro FX net specs vs 3m rolling monthly returns
CFTC Net Euro FX Futures (non-commercial) and EUR
Looking at the chart of the euro futures contracts we may spot a possible Elliott Wave Pattern labeled as 1 to 5. It is a potential impulse wave that may soon come to an end. The theoretical resistance for wave 5 is set by 161,8 Fibonacci expansion of wave 1 placed at the end of wave 4. If this area is defended the market may retrace back as potential wave A in a...
Hi friends the weekly chart shows that after the resistance breakout at 1.21120 the next target level will be 1.39220 with a high probability
This pattern first started once a week in November and has slowly developed into every other day, retail longs on the extended Euro Dollar have been pumping liquidity to short sellers. The following day usually has a nice pump and the lower lows and higher highs as the "uptrend" continues. Now that stimulus has passed I believe that more big sellers will begin to...
Nice intersection of important lines suggest the uptrend is over. (The chart is EUR futures)
The euro against dollar shows great potential to go higher in the next few weeks with a probability of 80 percent
There will be a bullish in the EURO FX FUTURE , so the purchases will be successful
Metrics: Max Profit: 337.50 Max Loss: 287.50 Break Even: 1.1977 Notes: A bearish assumption directional shot at resistance. Alternatively, FXE January 15th 111/113 long put vertical, 1.05 max profit, .95 debit/max loss, break even 112.05 vs. 112.13 spot (although it's trading above that pre-market).
Above 1.1826 🡪 1.1897 (confident that 1.1897 is a short; 13 year resistance) Sustained above 1.1897 is super bullish Below 1.1826 🡪 1.1787 🡪 1.1610 Short the 8hr H&S.
The circle is the first evidence of a downtrend. After that, there was a second move, breaking down the green trend line, and the rising wedge, which is a typical bearish pattern, has emerged. In the short term, I try to approach it from the point of view of SHORT.
in this market we have broken the VWAP indicator with force combined with a significant volume plus the market has a spring effect on the VWAP, means a very important buying opportunity towards the TP