Eur-usd
✨ NEW: EURUSD ✨ Counter-Trend Swing ✨SLO @ 1.1050 ⏳
TP1 @ 1.0890
TP2 @ 1.0800
BLO1 @ 1.0775 ⏳ (aggressive)
BLO2 @ 1.0750 ⏳ (conservative)
TECHNICAL ANALYSIS:
The EUR/USD pair has been in a bullish trend since early June, breaking above the 1.0800 Resistance Level.
On the other hand, the EURUSD pair is coming into the Supply Range from ~1.1015 up to ~1.1055 (16H). If this level is NOT broken and holds, then I'm anticipating this pair could see a downtrend retracement.
As far as Support, I don't see anything major until price reaches 1.0792 and/or Demand @ 1.0772 (16H).
Overall, the technical analysis for the EURUSD pair is BULLISH, but we also need to be prepared for some potential risks to the upside — supply and resistance — and hopefully capitalize off of these levels.
KEY TECHNICAL INDICATORS:
— Moving Averages:
The 20-day simple moving average (SMA) and the 100-day SMA are both sloping upwards, which suggests that the trend is bullish.
— Relative Strength Index (RSI):
The RSI is currently in the overbought zone, which suggests that the pair could see a pullback.
— Bollinger Bands:
The Bollinger bands are currently expanding, which suggests that volatility is increasing.
Overall, the technical analysis for the EUR/USD pair is bullish in the near term, but there are some potential risks to the upside. Traders should monitor the pair closely for signs of a pullback.
Fundamental Factors (Near Term):
(1) USD: FOMC Member Waller Speaks
(2) USD: Unemployment Claims
(3) USD: Fed Chair Powell Testifies
(4) USD: Existing Home Sales
(5) EUR: ECB President Lagarde Speaks
"Manage your position, monitor the price, and you'll make some profit!"
— Professor Cornelius Ward
🔥NEW: EURUSD🔥 DAY TRADE 🔥 AGGRESSIVE 🔥RESISTANCE @ 1.0975
TP4 @ 1.0850 (closing ALL Buy Orders)
TP3 @ 1.0920 (shaving 25%)
TP2 @ 1.0890 (shaving 25%)
TP1 @ 1.0850 (shaving 25%)
BLO1 @ 1.0815 ⏳ (aggressive)
BLO2 @ 1.0790 ⏳ (conservative)
SUPPORT @ 1.0775
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EURUSD before CPISome of the most important news for the market at the moment will be published today.
Inflation data in the USA will be announced at 15:30 Bulgarian time.
Regardless of the values, larger fluctuations are expected.
Therefore, before important news, it is recommended to reduce the risk of active positions and avoid new trades.
EURUSD continues its uptrend and 1.1080 is getting closer.
Corrections and stop hunting below the previous bottom are entirely possible.
We will look for new entries after the news!
EURUSD above 1,1000EURUSD continues to rise and is now above the previous high of 1.1000.
This confirms the upside move and targeting 1.1080.
Current levels are not suitable for new entries!
CPI data is due tomorrow and more swings are expected.
All buys should be de-risked by moving the stop or partial closing.
EURUSD Broke out and is targeting 1.10950.EURUSD finally made the upper breakout that was expected of it above the Triangle's Falling Resistance.
Buy the next short 4hour pull back and target Resistance B at 1.10950.
This is an impulse wave like June 6th-15th.
The 4hour MA50 should be the technical Support until broken and give then next correction.
Previous chart:
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EURUSD Started the new bullish leg to the top of the ChannelEURUSD followed the buy recommendation we made more than a month ago on the market bottom (see chart below) precisely on the way to our 1.11350 long term target:
The price is now above the 4H MA50 (blue trend-line) with the 4H MA200 (orange trend-line) strongly supporting, having almost caused the Double Bottom of last Thursday. The break-out above the Lower Highs trend-line is similar to the one on June 08 where a minor pull-back for a 4H MA50 re-test, propelled the bullish leg that peaked on a +3.20% rise. A new rise of such magnitude would place the pair at 1.11820, exactly at the top of the multi-month Channel Up and the 1W MA200 (red trend-line), the long sought target for long term buyers.
We stick however to our slightly lower target of 1.11350 as the presence of the 1W MA200 may start exerting heavy selling pressure a bit earlier. So it is best to close any long there and wait for a clear confirmation signal for a new long term bullish break-out. Otherwise, we will be ready to sell the rejection and of course we will update our thesis here.
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EURUSD on critical level, supported by the MA100 (1d).EURUSD is turning flat right above the MA100 (1d), which is supporting since June 15th.
This is a critical pivot level as closings over it have been medium term bullish trends, while under it bearish.
Trading Plan:
1. Buy as long as the price closes over the MA100 (1d).
2. Sell if it closes under it.
Targets:
1. 1.11400 (Channel Up top).
2. 1.07150 (Rising Support and near the MA200 1d).
Tips:
1. The RSI (1d) has pulled back significantly to a neutral level but it can be a Bull Flag. A break above its MA, is an extra bullish signal.
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Notes:
Past trading plan:
EURUSD: Is running out of Triangle space and will soon break outEURUSD is trading inside a Descending Triangle with the 4H MA50 rejecting lately every bullish break out attempt and the 4H MA200 acting as Support. Natually the 4H technicals are neutral (RSI = 43.233, MACD = -0.001, ADX = 36.327) but so are those on 1D. Fundamentally the market is waiting for Friday's Nonfarm Payrolls before it makes a move but even technically, the pair is running out of room inside the pattern.
If the 4H candle closes over the 4H MA50, it will be a bullish break out and we will buy targeting the R2 (TP = 1.10500). If it closes under the 4H MA200 and HL trendline of June, we will sell and target the S2 (TP = 1.07335).
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EUR/USD going to 1.11 (2hr TF)Hello Traders
EUR/USD is ready for wave 5.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Support zone on EURUSDYesterday EURUSD started EU session with rise, but failed to continue and is currently passing below the previous low.
This doesn’t change the main direction we’re looking for and we will watch for pullback from the support zone.
We are more likely to see further pressure towards 1.0778 today, with the NFP data coming tomorrow which may provide new entry opportunities.
EURUSD Yesterday EURUSD continued its sideways movement and we are currently below 1.0900.
We are watching for a reaction from these levels and a buying opportunity.
The objective remains to continue the uptrend and target 1.1080.
This provides an entry opportunity with a very good ratio on a pullback from current levels.
A break above 1.1000 will confirm the upside.
Current EURUSD's resistance continues to hold back the bulls.EURUSD - 24h expiry
Prices stalled near resistance and reversed lower.
Trend line resistance is located at 1.0920.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
Momentum is flat, highlighting the lack of clear direction.
We look to Sell at 1.0919 (stop at 1.0949)
Our profit targets will be 1.0844 and 1.0834
Resistance: 1.0920 / 1.0940 / 1.0950
Support: 1.0900 / 1.0850 / 1.0840
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Day off for USDAlthough the Forex market is open 24/5, there are days when it’s better not to trade.
One of those days is the 4th of July- US Independence Day.
US markets will be closed and activity will be lower.
This, of course, doesn’t prevent long-term positions from developing.
We expect a continuation of the rise in EURUSD and a move above 1.1000!
Target Reached! EURUSD ReviewWe recently saw price bounce off our 1.0840 major support level really nicely to reach the 1.0910 level which was our forecasted TP was at.
Dive into all the reasons why we forecasted the bounce to draw insightful lessons!
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Buys on EURUSDOn Friday we saw a break below the previous low of 1.0844 and a sharp rally.
This gives us grounds to consider a buying opportunity.
The aim will be to see a break of the previous high and a move towards 1.1080 and 1.1275.
If the uptrend has started, it should not go below 1.0835 again.
There is again major economic news this week, with lower activity expected tomorrow.