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Euro-dollar

EURUSD: Where are We Going? Price Action Analysis EURUSD is currently stuck within an expanding triangle formation on 4H. Its lower boundary is based on a major horizontal daily/4h support. Its upper boundary is based on a strong 4H rising trend line. The breakout of its boundaries will clarify the future long term direction of the market. If we see a bear breakout of horizontal support, it will most likely lead to a start of a long term bearish trend on a pair. If we see a bullish breakout of its trend line, bullish continuation will most likely follow. For intraday trading, both boundaries can be considered. Please, support this idea with like and comment. Thank you
Long
by VasilyTrader
12
EUR-USD Between Two Levels What To Do? Wait! EUR-USD is stuck between two horizontal level Support and Resistance Adventurous traders might wanna trade the pair between the levels Shorting from resistance and buying from support But THE trade will come when one of the levels gets broken Given that the pair is generally in the Uptrend And given that the support is still unbroken I lean towards the bullish scenario But we don't trade it until we see a breakout One way or the other and enter the trade in the direction of the breakout WAIT! Like, comment and subscribe to boost your trading! See other ideas below too!
Long
by TopTradingSignals
8
💡 Don't miss the great sell opportunity in EURUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2165). 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 40. Take Profits: TP1= @ 1.2115 TP2= @ 1.2100 TP3= @ 1.2055 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_World
7
💡 Don't miss the great sell opportunity in EURUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2165). 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 40. Take Profits: TP1= @ 1.2115 TP2= @ 1.2100 TP3= @ 1.2055 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
6
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