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Euro-dollar

💶💵EUR/USD No Decision💶💵💶💵EUR/USD No Decision 💶💵On the most important forex pair, still no final decision on the future direction of the price 💶💵we are already 10 days into the 1.062 area and we still do not know the answer as to whether the continuation of the uptrend will continue. 💶💵So far the situation does not favour either side. 💶💵If we were to drop in the vicinity of 1.05 a continuation of the decline would be very likely. 💶💵And if we break out to a new peak, a continuation of the uptrend would be the prevailing scenario. 💶💵For now, we are left waiting to see what direction the price will take. 💶💵My scenario is to wait for a decisive move in one of the directions. If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
by InvestMate
7
💶💵EUR/USD Finally Declining?💶💵💶💵EUR/USD Finally Declining? 💶💵This post is a direct continuation of my previous post in which I wrote about accumulation and the possibility of another downward wave. 💶💵As you can see, we attacked the resistance zone again and started to fall from the beginning of the European session. 💶💵Again the technical environment supports the downward scenario, looking at the fact that we are again under the 50 moving average and the MACD and RSI are again generating downward signals. I have no doubt about the higher probability of declines from the current level. 💶💵The support zone was determined by the fibo level of the 0.236 wave from the bottom to the current peak. 💶💵The scenario I am playing out is a continuation of declines to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
15
💶💵EUR/USD Still Undecided💶💵💶💵EUR/USD Still Undecided. 💶💵EUR/USD Still holding around 1.6 💶💵The accumulation has been going on for more than a week. 💶💵Looking at what EUR/USD is struggling to break out to new peaks. 💶💵The scenario remains unchanged, I still expect declines. 💶💵The support and resistance zone remains unchanged. 💶💵Given the technical environment, the MACD and RSI have returned hope for the execution of declines over the next few days. 💶💵The scenario I am playing out is a continuation of the declines to the designated support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
6
💶💵EUR/USD At The Resistance Zone!💶💵💶💵EUR/USD At The Resistance Zone! 💶💵With the weakness of the US dollar, EUR/USD is once again back around the resistance zone. 💶💵We are at an important point on the chart. 💶💵If we break through the resistance zone, I would not rule out a continuation of the uptrend, but its extent would not be large with the current market sentiment. 💶💵But if we rebound from it again with great strength, I would not rule out a downward scenario. 💶💵We will not have to wait long for a decision. 💶💵The scenario I'm playing out is to wait for a market decision and a decisive move in either direction. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
by InvestMate
7
EURUSD buying opportunity | 20 December 2022On the H4 timeframe, EURUSD came to test the historic 1.06000 resistance level twice, before softer than expected US CPI data released on 14 December weakened the prospect of future Fed rate hikes and caused the Dollar to plummet. This gave EURUSD the bullish fuel to break above the 1.06000 resistance turned support level. After the initial breakout, price came back down to approach the new support level multiple times. The 50 bps rate hike by both the Fed and ECB on the same day had little effect on price action, as the announcement had already been long expected by the market and came as no surprise. Price is consolidating in a falling wedge pattern, where we forecast a subsequent bullish breakout to the next historic resistance level at 1.07780, where we will take profit. Given that price has touched the lower bound of the Bollinger band and Stochastic RSI indicates a dip into the oversold region, technicals are in support of our bullish bias. However, US GDP and US PCE Index data are due to be released on back to back days on 22 and 23 December next week, representing a point for volatile price action. If poor GDP performance confirms previous indicators of the worsening economic outlook, and the PCE Index shows that inflation is on its way to being controlled, then we could see a rapid ascent to the 1.07780 take profit level. However if the reverse is true, price could potentially break below the support level to our stop loss level of 1.04650.
Long
by T3-Consultancy
💶💵EUR/USD Continuing Declines In The New Week💶💵💶💵EUR/USD Continuing Declines In The New Week 💶💵The EUR/USD at the opening of the trading session today is still continuing the direction taken last week. 💶💵There was an attempt to attack the resistance zone, but we went down again very quickly. 💶💵The support zone remains unchanged is the 0.236 level of the entire down-to-the-high wave. 💶💵Looking at the technical environment, among other things, the fact that we are still under the 50-period moving average and the MACD and RSI are generating pro-decline signals. I have no doubt about the future direction of the price. 💶💵The scenario I'm playing out is a continuation of the declines to the first support level ahead. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
8
InvestMate|EUR/USD Next Downward Wave💶💵💶💵EUR/USD Next Downward Wave 💶💵This post is a direct continuation of my yesterday's post: 💶💵As you can see, EUR/USD is behaving exactly as I wrote. 💶💵Looking at the price behaviour and technical analysis indicators such as MACD, RSI. 💶💵It looks like we are in for another wave of declines to the nearest support zone. 💶💵The support zone was determined by the 0.236 level of the entire upward wave from the bottom. 💶💵The scenario I'm playing out is a continuation of declines to the nearest support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
6
InvestMate|EUR/USD Start Of A Downward Correction?💶💵💶💵EUR/USD Start Of A Downward Correction? 💶💵Looking at the behaviour on EUR/USD today. 💶💵I find it hard to take a unanimous opinion on the direction. 💶💵Looking at how the price first knocked out a new peak to then go even lower than before. 💶💵Looking at how the EUR/USD will perform something like a sideways correction with the probability of the price going down around the 1.045 levels 💶💵The target support zone was determined by the level of 0.236 of the entire current upward wave from the bottom. 💶💵I have established a resistance zone around the recent highs. 💶💵Looking at the MACD, it confirms the downward scenario 💶💵The RSI is more hesitant about the direction. 💶💵The scenario I am playing out is to wait for price to confirm the downward direction. To join the declines. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
7
RLinda ! EURUSD-> The bulls are breaking resistance. Growing? EURUSD against the background of fundamental factors breaks through the double resistance (the upper boundary of the triangle and the channel boundary). The price reaches the high of 1.067 and goes into consolidation. What does it mean? Yesterday's economic data suggests more positive conclusions in the medium term. The price breaks through the resistance and forms a consolidation above 1.063, from here the upside potential opens. The trend remains bullish and the price may reach 1.0748 resistance in the near future. I assume that if the bulls manage to maintain their position above 1.063, the next target for the price will be 1.0748. However, a false breakdown scenario is possible. If the price returns to the channel and consolidates under the resistance, the price may fall to 1.0496. Regards R. Linda!
Long
by RLinda
15
InvestMate|EUR/USD Strong Resistance Zone Ahead💶💵💶💵EUR/USD Strong resistance zone ahead. 💶💵As you can see, EUR/USD has broken out to new highs and failed to execute my downside scenario. 💶💵Today's entire move was made on the back of inflation readings which fell for another month in a row, igniting investor hopes of looking for a peak in interest rate hikes. 💶💵An opportunity like this cannot be wasted and on a wave of optimism I will present you my new scenario on EUR/USD 💶💵Beginning with the fact that we broke through a very strong resistance zone which has now turned into a support zone. 💶💵There is another very significant resistance zone ahead, determined by a cluster of 2 fibo levels. The first level is 0.886 of the entire upward wave from the covid bottom to the 2021 peak. The second level is 0.786 of the wave from the 2017 bottom to the 2018 peak. 💶💵I expect that the price on a wave of optimism is able to reach around these levels. 💶💵MACD and RSI also confirm my scenario. Both two indicators are extremely bullish at the current moment. 💶💵The scenario I'm playing out is a continuation of the upside with a final reach to the 1.08 price area where I'll be watching closely to see how the price will react. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
6
EURUSD - Major resistance at 1.0620US CPI NUMBER TODAY - EXPECT EXTREME VOLATILITY EURUSD - Intraday - We look to Sell at 1.0620 (stop at 1.0670) The rally was sold and the dip bought resulting in mild net gains yesterday. Buying posted in Asia. The medium term bias remains bearish. Bespoke resistance is located at 1.0620. Bespoke resistance is located at 1.0640. Trading within a Bearish Ascending Wedge. The measured move target is 0.9935. Our profit targets will be 1.0460 and 0.935 Resistance: 1.0620 / 1.0640 / 1.0751 Support: 1.0460 / 1.0210 / 0.9935 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
InvestMate|EUR/USD Triple Top Trap?💶💵💶💵EUR/USD Triple Top Trap? 💶💵This post is a direct continuation of my previous post in which I predicted a fall in price. 💶💵As you can see the price is still struggling around the recent peaks. 💶💵My scenario remains unchanged, I still think we are in for a downward correction. 💶💵Looking at the fact that we have made a triple top and the price clearly does not have the strength to go further up, inferring from the last two candles. 💶💵I believe we are in for a decline from current levels. 💶💵My scenario is also confirmed by the MACD which shows divergence on the histogram. Clearly a lower peak on the price, a higher peak on the histogram bars. This is a downward signal 💶💵The target remains unchanged, it was set in the previous post. 💶💵The resistance zone remains around the recent peaks. 💶💵The scenario I am playing out is a decline to the levels of the support zone set previously. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
17
InvestMate|EUR/USD When These Declines💶💵💶💵EUR/USD When These Declines 💶💵Post is a direct continuation of the post in which I predicted the start of the declines: 💶💵As you can see EUR/USD has been accumulating over the last two weeks. 💶💵My perspective hasn't changed I still think we are in for declines sooner or later. 💶💵First of all considering the situation on the larger intervals. 💶💵Today we attacked the double top which was defended perfectly and from its level we started a downward wave. 💶💵I will still watch how the price will behave at the beginning of next week. 💶💵The scenario I am playing out is to wait for a strong sell reaction and to join the downtrend once confirmed. With the target set in last post. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
14
RLinda ! EURUSD-> Rising trend. Where is the price headed? EURUSD continues to strengthen. The price is in the ascending range. After testing the resistance of the range, a technical pullback to the middle line of the channel is formed On the chart I want to pay attention to the triangle. It is a kind of consolidation, where a break of this or that triangle border will cause a strong impulse. At the same time EURUSD is testing the support at 1.04969 by a false break and confirmation of the limit level, i.e. there is support in the market. I expect a rise from 1.04969 or a breakdown of triangle resistance and reaching 1.05848 in the medium term But, in case of breakdown of 1.04969 and triangle support, the price can reach 1.03642 level rather quickly Regards, R. Linda!
Long
by RLinda
12
InvestMate|EUR/USD Next Wave Of Declines💶💵💶💵EUR/USD Next Wave Of Declines. 💶💵Post is a direct continuation of my previous post in which I wrote about the upcoming falls and the possible correction which I think has just ended: 💶💵As I warned we have made an upward correction to the resistance zone where the strong level of 0.618 of the entire downward wave is located. 💶💵💵I believe that the next downward wave is ahead of us which should fall to the support levels set in the previous post. 💶💵The scenario I'm playing out is a continuation of the declines to the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
8
EURUSD shortI am personally short the EURUSD at the start of the London session. If you are looking for a Bullish scenario then maybe follow Credit Suisse who say Support is seen at 1.0510 initially, with the low from Friday and 13-day exponential average at 1.0428/1.0397 ideally holding on a closing basis to keep the immediate risk higher. A close lower can see a deeper setback to 1.0305/1.0290. The Credit Suisse House View is neutral on EURUSD on a 3-6 month horizon. We stay bullish for key retracement resistance at 1.0612/15. Support is seen at 1.0510, then 1.0428.
Short
by Macrobriefing