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Euro-dollar

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
Short-Term Bullish View on EUR/USDGood morning traders! Today we will analyze EUR/USD in a low time frame (2H) to show you our short-term vision, and with this, we refer to the behavior we expect in this pair for this week. 🔸We can see that the price was in a bearish movement, where we can draw a wedge pattern. 🔸Last week, the breakout to the upside happened, and we saw a breakout of the structure and a change in the price structure. 🔸We stopped seeing lower highs and lower lows and started to see higher highs and lows, which denotes an obvious change in trend. 🔸For these reasons, we consider that this pair has upside potential in the short term. 🔸The target that we consider correct for this movement is the Resistance zone. 🔸We want to clarify that this is our ONLY short-term vision. In the higher timeframes (Daily, for example), we see that the price broke a key trend line. 🔸This makes us think of a possible downward movement in the long term, but we will most likely see a retest from the supply/pullback zone to the trend line.
Long
by ThinkingAntsOk
4
EURUSD: Two Key Levels to Watch & Plan For Next Week🇪🇺🇺🇸 Hey traders, EURUSD was very bullish this week. Preparing for the next week here are the closest key levels that I spotted: Resistance 1 - 1.9665 - 1.2 supply area It is the closest zone that I would consider for shorting. Let the market reach it & then look for confirmation on intraday timeframes to short. Support 1 - 1.17 - 1.172 demand area It is the closest zone that I would consider for buying. It is a year's low as well. Look for a confirmation within that zone to buy. While the price is trading in between, I would stay away from trading EURUSD. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
18
EURUSD Channelling Lower Towards 1.17Trend Analysis The main view of this trade idea is on the 2-Hour chart. The Forex Cross EURUSD is in a rather choppy downward trend channel, making lower highs and lower lows, after hitting resistance around the 1.195 price level. At the time of publishing, EURUSD is trading at the middle of the channel. Technical Indicators EURUSD is currently below its short (25-SMA), medium (75-SMA) and fractal moving averages, an indication that it is in a bearish trend. Also the KST recently had a negative crossover, further confirmation of the bearish move. The RSI is trading below 50. Recommendation The recommendation will be to go short at market. EURUSD is expected to decline towards 1.17, 0.56% away from current levels. Stop loss on this position is set around the 1.184 level, above the resistance trend line of the downward trend channel. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in EURUSD.
Short
by Ceddy86
Euro Bullish modBecause i have nothing to do. but when i play Cryptos i have the choice to Play in USD or Euros. My choice for now is Euro. - Euro broke a 12 years downtrend (2008 to 2020) - Dollars printing machine is burning with Covid as results : - More Dollars than Euros printed = Euro Stronger. - Forex Trend can change with FA ( politicals blablabla / Economic War / etc ). - Could be more slow cuz i have habits with Cryptos. - Simple as that. ------------------------------------------- Trading Parts : ------------------------------------------- Buy Zone : 1.15$ ish TP : 1.35$ ish ------------------------------------------- Happy Trading !
Long
by thecryer
2
EURUSD At Strong Support Level For Long trade.EURUSD is Trading at very strong support level ,which is multi-month support level. Support level is also consider as neck line of head and shoulder pattern ,forming on one day time frame. since couple of days EURUSD is trading in falling wedge pattern (as shown in chart). According to chart pattern and support level , we might see upside in EURUSD . One can trade EURUSD for long with stop loss and risk management system. Thank You Vivek Samale.
Long
by Fx_Trader_ViSa
1
EURUSD, MASSIVE Head-Shoulder-Formation, Determining Zones!Hello, Welcome to this analysis about EURUSD, we are looking at the daily timeframe perspectives. In my recent analysis, I discovered serious signs EURUSD is forming that will be important in the near future, especially the formation EURUSD is developing here will be a main factor in the upcoming times. As when looking at my chart now we can watch there how EURUSD has developed this massive paramount head-and-shoulder-formation with the left shoulder and the head already completed. Now EURUSD is moving on to form the right shoulder in the structure and has meaningful resistances within the 35-EMA in red and the 15-EMA in black from where a pullback is highly likely when EURUSD moves into it. This is why the formation has a high possibility to complete in the near future especially when EURUSD pulls back from the EMAs, when this happens and EURUSD closes below the neckline it will complete the whole formation bearishly to the downside and activate downside targets within the 1.128 level marked in my chart in blue. For now, we should not keep this bearish perspective out of sight and it is necessary and the best option to rightly prepare on it to do not get overwhelmed by bearish volatility when it finally increases. In this manner, thank you for watching my analysis about EURUSD and the massive head-and-shoulder-formation forming likely to complete in the near future, great when you support it with a like and follow or comment, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
9
Time to revise the dollar forecasts - INGHaving been bearish on the dollar since April 2020, this month we feel compelled to outline a more positive medium-term scenario. At the heart of this is the likelihood that the Fed’s exit sequence from ultra-loose monetary policy is more compressed than they would have us believe. ING now sees the first hike in 3Q22. The earlier-than-expected Fed tightening cycle suggests our prior end-2021 EUR/USD forecast of 1.28 was just too high. Yet November and December are seasonally weak months for the dollar and assuming that the Eurozone recovery goes to plan, EUR/USD should still rally to the 1.23 area. 2Q22 is when the dollar should be rallying more broadly – coinciding with some decisive bearish flattening in the US yield curve. 1.17-1.23 may well be the rough trading range for EUR/USD for the next six months – after all Fed tapering does not necessarily mean lift-off in the dollar. This consolidative environment can allow local stories to play out. Despite the recent (exaggerated in our minds) correction, commodity currencies should still do well. Norway may hike twice this year, and Canada and New Zealand may not be far behind. We could see all of these retesting their cycle highs against the dollar later this year. Time to revise the EUR/USD forecast *This month we are revising our EUR/USD profile to adjust for a Fed seemingly ready to hike rates in late 2022. That is much earlier than the 2024 initially envisaged under its new inflation targeting framework. That window for our forecast EUR/USD move as high as 1.28 looks to be closed on a more hawkish Fed. *Yet the big, broad turn higher in the dollar should really start in 2Q22 – six months before the Fed starts tightening. Before then, EUR/USD should be able to trace out a 1.17-1.23 range. *We still think 1.23 is possible because of strong growth momentum into 2H21 and an ECB that may too have to reconsider its ultra-dovish settings when it meets in September.
by thunderpips
1