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Euro-dollar

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
💡 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! ❤️ 💎 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
13
💡 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! ❤️ 💎 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
17
💡 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 ❤️
Short
by ForecastCity
16
💡 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 ❤️
Short
by ForecastCity
28
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!
Short
by VasilyTrader
33