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breakdown on GU,EU key points on them good morning traders, so this is a little breakdown on GBPUSD and EURUSD and what i'm looking at for the upcoming weeks, there's a lot of room on both pairs and now we just need to wait for the time or the confirmation before we take them, don't get the fear and greed of missing out as this can play on your feeling and emotions with trading we don't want this, be the best you can be and follow what price is telling you, fear will crush you in the long run learn to be patience and wait for its hands first i hope this helps and would love to know what you guys think all stay safe and have a great weekend!
by LucasMatthew
4
EURO on the edge of historical collapseTradingview hides EURUSD absolute low of early 1985. Even Investing.com will not reveal it to you. Investing.com provides a close for 1985 and possibility to draw a trendline. You can see it using Fxtop.com historic chart and then use investing.com to draw that trendline. But that historic trendline runs the way I plotted now - the right end is even slightly lower. At any case March monthly shadow did test it - hence the violent bullish reaction from the European Central Bank. At this point it is hard to make any technical prediction because we are dealing with the European Central Bank which can easily push the price. But we are on the very edge of historical trendline. If APRIL candle closes below that trendline that will change EURO history for years to come - a close below will break 1985-2020 EURUSD uptrend (by modern definition of technical analysis) that lasted 35 years. Even we move below that trendline in April it is still not guaranteed that we will stay there. April monthly close below is necessary and May candle (being bearish) has to validate that as well. But I will not be surprised if this breakdown occurs considering the situation in the EU. Even on small April volume EURO keeps flying down. ECB can push the price but not control it.
by ICFX
3
EU: Potential Short SqueezeCould the USD lose some momentum with preliminary job-loss claims coming? Expected to see up to 2 million people claiming unemployment for March... The FEDs last move to introduce unlimited QE and buying of corporate bonds could be showing a limited affect.. A short-squeeze could be coming - acting as a retracement for the drop that occurred from 1.1500 I entered long at 1.07750 - looking to take profit at or around 1.10650 -First level for bulls to break at 1.08100 I keep a pretty tight stop, so if price breaks and closes below 1.07700 I'll close position and continue short trend. *trade at own risk -Krecioch
Long
by Krecioch
3
EURUSD - predestined to fail?Is this the destiny of EURO? Just to let you know, I never trade Forex so my analysis may be totally wrong. Still the economic situation is interesting and we should keep an eye on the EU and it's EURO. The EU has uncertainties all over the place and the EUR looks more and more like a currency predestined to fail. Imagine what the consequences would be for whole Europe. And once again, looking back to the days when the EU was founded, Switzerland took tons of criticism but made the right decision to stay out of it. EUR was heavily rejected and the chart looks terrible. I expect this one to drop to 90 cents. Happy trading!
Short
by Thierry88
EUR/USD Sell Opportunity Higher timeframes are showing EU in an ascending channel pattern Price has consistently pushed upwards and has recently interacted with the channel high parameters Following this trend line bounce, we have seen the previous lows broken cleanly on the micro timeframes If we get a solid close below, I would be looking at trying to get a scalp type entry with a small stoploss I plan on taking 2 positions: one with a short term scalp target profit, and a longer term entry to hopefully catch the big sell off
Short
by JRonaldTrading