💡 Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2285). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 1.2175
TP2= @ 1.2065
TP3= @ 1.1990
TP4= @ 1.1915
TP5= @ 1.1765
SL: Break Above R2
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Euro-dollar
💡 Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2285). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 1.2175
TP2= @ 1.2065
TP3= @ 1.1990
TP4= @ 1.1915
TP5= @ 1.1765
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! ❤️
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
EURUSD - reversal here may indicate start of risk-offFX:EURUSD probably one of the most important charts out here. Recent rally in risky assets is largely driven by USD weakness, so if it turns, markets may be ripe for a decent correction.
Inability to hold support today, would be the first hint, that reversal may be finally starting
💡 Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.229). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 1.2215
TP2= @ 1.2180
TP3= @ 1.2125
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!
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡 Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.229). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 42.
Take Profits:
TP1= @ 1.2215
TP2= @ 1.2180
TP3= @ 1.2125
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 ❤️
EURUSD: Decisional Year Ahead! Major Reversal & Waves
DXY weakness initiated a strong bullish trend on EURUSD from this year's spring.
Weekly time frame shows that the price is very close to a major weekly resistance cluster.
2018th structure high will be an important decision point for the pair.
Bullish violation of that will signify a major shift in a market trend and initiation of a long term bullish trend on EURUSD.
In case if the resistance is respected, we may expect a bearish wave all the way down to the support of the 5 years' weekly range.
With the complex fundamental situation and uncertainty with covid, it is hard to say what will happen.
However, we can not deny that in dark times money flows to dollar.
So I will stick to a bearish scenario.
What do you think will happen?
Share your thoughts in comments and support the idea with like!
EUR-USD Flag Breakout. Will Go UP. Buy!
Hello, Traders!
EUR-USD was trading in a bullish flag
And a breakout UP happened just as I predicted
Now, we are seeing a pullback to support
That might continue for a while
But, overall, further direction is clear
And I expect the pair to go UP
With the target being the high of the flag!
BUY!
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EUR-USD Bullish Flag Will Go UP. Buy!
Hello,Traders!
EUR-USD is trading in an uptrend in a channel
A small bullish flag has formed above local support
Thus, I expect further bullish continuation
After the breakout UP
So that EUR-USD will at lest retest flag's high
Buy!
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EURUSD 0.618 PULLBACKSO since the move from the previous consolidation we have pulled back to the 0.618 fib three times and rejected with pin bars, now price appears to be being squeezed, price always has retreated to the ema 89 and this signifies to us that we are in fact in an uptrend. Fundamentally we look at the weakness in the dxy index and the dollar, with gbpusd and gbpjpy having made large moves earlier today, maybe we can see eurusd and eurjpy makes its own attempts at a rally.
EUR_USD LOOKS BEARISH| WAIT FOR BREAKOUT
EUR_USD is trading in a rising channel
Yet, recent price action shows weakness
The pair is currently retesting the support confluence
After establishing a double top with a lower high
IF the support is broken,
I think the pair will go down
And might fall significantly
With the final target being the strong horizontal support
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EUR-USD Surging Up From Support. Bullish Continuation!
Hello, Traders!
EUR_USD retested a horizontal key level
That is just slightly above the rising support
And went Up, showing a nice bullish reaction
Thus I expect a bullish continuation
Long from support retest!
Buy!
See other ideas below too!
Feel free to share your thoughts and ideas in the comments below!
EURUSD: Bullish Wave Continues! Where is the STOP?!
EURUSD remains sharply bullish .
The price keeps growing setting new structure highs.
On a weekly we can see where bulls are aiming at:
during the last 5 years, the price is trading within a gigantic horizontal trading range.
1.04 is the support of this range and 1.25 is its resistance.
Right now the price is very close to the upper boundary of the range.
It looks like bulls are willing to reach that soon.
Only then we can expect a strong pullback and potential reversal,
but for now, let it run.
EURUSD: Bullish Wave Continues! Where is the STOP?!
EURUSD remains sharply bullish.
The price keeps growing setting new structure highs.
On a weekly we can see where bulls are aiming at:
during the last 5 years, the price is trading within a gigantic horizontal trading range.
1.04 is the support of this range and 1.25 is its resistance.
Right now the price is very close to the upper boundary of the range.
It looks like bulls are willing to reach that soon.
Only then we can expect a strong pullback and potential reversal,
but for now, let it run.
EUR_USD When Will The Rise Stop?
EUR_USD is in the rally for 8 months now
With no end in sight, breaking through all possible resistance lines
This was a result of the FED cutting rates to almost zero in march 2020
Which whipped out the positive difference between the interest rates
Of Euro and US bonds, making the carry trade from EUR to USD pointless
700 billion QE and the Treasury Massive economic relief bills added fuel
To a wave of the closing longs on USD.
Thus, the rising Euro, and the falling Dollar
However, there is a limit to this effect.
Fundamentally,US economy is much healthier
And will recover faster, when the pandemic ends
Which will make the Dollar investments attractive again
Relative to the permanently stagnant Europe
Add to that the Global Dollar shortage
And the fact that the same Treasury stimuli that initially added pressure on the Dollar
Will boost the economy, while Europe, is barely launching its first recovery fund.
All that taken together means that the Euro will stop rising in the mid term perspective
And Start to decline back to the pre-pandemic levels
In the long Run
Technically, there is a strong resistance level
Near the local high of 1.25000
So I think it might be the high of this rally too.
Mid term-long
Long term-Short
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EUR-USD Local Short Within Channel!
Hello, Traders!
EUR-USD flag patter analysis of yours truly
Became a reality
Now, the pair is trading in a local channel
And the price-action suggests
That a local move Down is possible
Sell from resistance!
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