Hello my friends, today I want to talk with you about EUR.
Price broke our triangle and reached strong support area twice.
I think that Euro can't break at this moment this area.
So we can wait for new move up.
I believe that price will pull back and will start growing.
I see resistance line as a nearest target.
So be ready for such scenario.
This is an...
EUR
FUNDAMENTAL OUTLOOK: NEUTRAL
BASELINE
The EUR has had a bumpy ride over the past few months. At the onset of the war in Ukraine the EUR tumbled across the board. However, in recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank confirming at least a 25bsp hike for July and possibility of a 50bsp hike in...
Price Action will determine which of these entries I will take. I trade my majors at 9am EST and AUD or JPY pairs at 9pm EST. I risk about .5% every trade. and of course this isn't financial advice :). Comment your thoughts below!
2 potential eurusd short ideas. usd has been strongly favorable against the euro this year. wait for retrest of previous resistance to go short or wait for break of previous low and retest to go short.
EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
Major support is the green zone on the chart and previous daily low support is also there so we are looking for a range market here or pump.
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This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURUSD
above 1.0400 & 1.0355 have a bullish direction
Target is 1.0492 & 1.0572 & 1.0637 & 1.0760
but If retract and stable under 1.0340 the direction will be strong bearish
My bias on EU still remain bearish, but we might see some retracement to the upside which might hit the 1.05535 level before we see sellers coming in back, and don't forget we have the NFP this Friday it might change the whole market direction and if EURUSD break the 1.03704 level because that level seems to be a very strong support level looking at the higher...
Everything is ready for climbing
A double bottom can be seen in the 1H time frame
In the 4H time frame, in the support (demand) range, we see the morning star by looking at the candles
So this will be our first scenario for climbing
But if this range does not support the price, we will follow it downwards
It is expected that the price will change the trend in the current support range and the beginning of the upward trend will be formed
If the price crosses the support range, a trend change can be formed in the next support range
The market made double bottom and now moving upside. Further Dollar Index getting weaker, so by this EURUSD will go more up.
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FX:EURUSD
I call this the Mount Everest Trade. The narrative goes like this:
There's an elusive move called the Judas Swing that happens in the Morning Zone or right before London Open.
Catch this move and you caught your trade of the day.
10 PIP Threshold aka SL.
The software aka price isn't programmed to come hit that.
Without a narrative to your trade you are blind...
The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.
FXCM
