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Euro-dollar

EUR-USD Wait For Breakout! Sell! Hello,Traders! EUR-USD is trading in a downtrend And the pair is now retesting a horizontal support level Which would normally make me bullish biased locally However, the price action is very bearish Which combined with the downtrend Creates a mixed bias for me on the pair Thus, I remain patient and wait for the breakout After which we can sell on the pullback IF there is no breakout, the setup is invalid! Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Short
by TopTradingSignals
3
ridethepig | The base is fixedA quick round of illustrations to review the swings in euro... The idea of the swing; we are mapping bids and offers, no more no less. Two battlefields, the wings are what we attack on and the centre is where we begin to clear (into thrusts and etc). Lets start with the Yearly chart for our macro direction: Very clear the base has been attacked previously many times, lulling sellers into capturing before trapping them on the return. Eurobonds / debt mutualisation has fixed the base in 2020, covid was for Angela Merkel what Britain was for Alexander Hamilton. Now lets check the Monthly in Euro first and then Dollar: Both are very clear with direction and the developments that have arisen. The new weakness in dollar should be energetically got at while the exploitation of the risk on continues until all that is left in the endgame. We still have another few months of riding the pig and marching triumphantly forward before we need to review charts. On the Daily, 1.176x - 1.173x is acting as strong support. Buyers could overcome all their difficulties with a break of the volatility triangle/compression. Under no circumstances should buyers surrender while the lows are still holding. You can see how much damage is there to be done, clearly an expensive area to be selling into, while a cheap and open file to be buying into. To the topside, targets coming into play at 1.198x, 1.225x and 1.250x. Thanks all for keeping the feedback coming !!
Long
by ridethepig
7
EURUSD: Important Decision Ahead! Watch Carefully 🇪🇺🇺🇸 Hey traders, EURUSD dropped nicely on Friday with NPF data. The price is now testing a summer's low. Taking into consideration that the market tends to set lower lows on a daily after the retracement from previous ones, I believe chances are high to see a structure breakout again. Next week wait for a daily breakout (daily candle close below) of the underlined yellow structure support. It will be a trigger for a further decline. Next support will be 1.171 Alternatively, you can also look for a pullback from a current low. You will need an intraday confirmation to buy wisely. Good luck! ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
23
EURUSD: Important Decision Ahead! Watch Carefully 🇪🇺🇺🇸 Hey traders, EURUSD dropped nicely on Friday with NPF data. The price is now testing a summer's low. Taking into consideration that the market tends to set lower lows on a daily after the retracement from previous ones, I believe chances are high to see a structure breakout again. Next week wait for a daily breakout (daily candle close below) of the underlined yellow structure support . It will be a trigger for a further decline. Next support will be 1.171 Alternatively, you can also look for a pullback from a current low. You will need an intraday confirmation to buy wisely. Good luck! ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
1