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Euro-dollar

EURUSD: Still Bullish BUT ... As I have predicted earlier, EURUSD has successfully bounced from 1.206 horizontal structure support. This week the price has set a nice local bullish trend on 4H with a higher low and two higher highs. I remain bullish biased and expect more growth, HOWEVER: Now we see a completed harmonic abcd pattern formation. For next week there are two potential scenarios: 1) The price may retrace from D point of ABCD and only then continue growing or 2) The price may just continue growing to new highs Safe option is always to wait for a pullback first.
Long
by VasilyTrader
22
EURUSD to bottom of range or lower. 7.66/1 RRHere is what I am seeing on EURUSD. While price could very well turn around me and reverse past it's short term highs it appears that there is a lot absorption of higher prices (lower lows) during this consolidation period which gives me confidence in my position and allows for a nice risk to reward. Furthermore, the exchange quote for the Euro Dollar has become quite extended on the back of stimulus news every other week, now that Stimulus and US elections are settled higher prices will likely continue to be sold with ease. My first target is a 1.8/1 second target is 3.85/1 and my swing target is 7.66/1
Short
by crawfordpaul
EURUSD: How to Catch Bullish Wave? EURUSD is stuck on a local horizontal daily support level. On that, the price has formed a nice dodji candle. Though it is an important reversal clue, we must consider lower time frame analysis as well. To buy wisely, we must consider a falling wedge pattern on 4H. For now, its resistance serves as a resort for sellers. We need to wait for its bullish breakout first (4H candle close above), only then we can initiate a buying order. Goals - 1.215 / 1.22 In case of a daily violation of a yellow zone to the downside, setup will be invalid. Please, support this idea with like and comment! thank you!
Long
by VasilyTrader
11
💡 Don't miss the great sell opportunity in EURUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2115). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURUSD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. Take Profits: TP1= @ 1.2055 TP2= @ 1.2025 TP3= @ 1.2000 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
22
EURUSD: Important Decision Ahead! Scenarios for Next Week: EURUSD is facing a major point of confluence. 1.206 - 1.209 is the area based on a support line of a rising channel and December's local daily horizontal support. With a quite strong bearish momentum this week, we must consider two potential scenarios: Bearish - in case of a daily breakout of the underlined confluence zone, the market can fall even to lower structure levels. 1.195 is the next closest strong horizontal support to consider as the goal for sellers. Bullish - we must remember that technically EURUSD is still trading in a bullish trend. In case if the confluence area is respected and we see clear reversal clues, we may expect a bullish reaction. The next closest resistance will be 1.22 For now, I am still bullish biased and on the side of the major trend. But who knows! Please, support this idea with like and comment! Thank you!
Long
by VasilyTrader
16
EUR/GBP - SUPER HIGH REWARD & LOW RISK | DEMAND ZONE APPROACHING To my surprise, EUR/GBP support has broken down and price has fallen more than I expected In the mid-term and long-term timeframe, I still believe there is high demand for EUR/GBP at lower prices and that price will hold and reverse Given the recent DXY analysis, this further supports the case for all USD pairs selling off and GBP expected to sell off more than the EURO The stochastic is also ready to reverse given that it is printing oversold on the daily The EURO has more backing and support than the GBP due to covid and stimulus and therefore I believe the EURO will out-perform GBP in the mid-term and long-term Long entries to be taken soon at the strong support level with a super low risk level due to the strength of the support therefore the ability to place a tighter stop, and higher confirmation that higher prices naturally want to be traded in this market/chart Given the lack of trading volume below the support, this further supports the low-risk argument by having greater certainty in the position not being stopped out through a fake-out and the greater certainty in price not wanting to give way to such a large drop under said support
Long
by JayanVarsani
1