Euro-dollar
EURUSD: The euro has more upside here, might break 1.25...It seems the uptrend in the Euro will keep going here, it was coiling for some time but now ready to trend higher.
I highlight a potential buy zone to enter on slight retracement, price should trend up for the duration of the cyan boxes on chart as long as not hitting the invalidation zone below 1.17698.
Best of luck!
Cheers,
Ivan Labrie.
EUR-USD next resistance ahead!
Hello, Traders!
EUR-USD is surging, defying all the technical analysis
Which means that it is going up on fundamentals
However, no tree grows to the sky
And the next resistance is ahead of us
I begins on 1.22222 with the high being 1.25211
I expect the growth of the Euro to Stop on this level
At least for some time
And that will give us a ton of great reversal trades!
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EURUSD - Important Technical Analysis UpdateMidterm forecast:
1.1970 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.1600 on 11/04/2020, so more gains to resistance(s) 1.2165, 1.2330, 1.2555 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 76.
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EURUSD - Important Technical Analysis UpdateMidterm forecast:
1.1970 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.1600 on 11/04/2020, so more gains to resistance(s) 1.2165, 1.2330, 1.2555 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 76.
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. . . . . Please show your support back,
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EURUSD At Strong Resistance For Short Trade.EURUSD is trading at very strong Resistance Level. It also validate the Channel Pattern Support and Resistance (shown in chart). According to chart pattern analysis, we might see down side in EURUSD from Resistance Level . One Can initiate the short trade in EURUSD with Risk Management System and Stop Loss.
Thank You.
Key points of the market: British pound / US dollar, Offer: Buy a deal above point 1.3310 with a first profit tick of 1.3360 and a second profit tick of 1.3380
Alternative offer: (If the price trend changes) When the price penetrates below 1.3310, the price first starts moving towards 1.3285 and 1.3260.
EURUSD: Important Structure Ahead!!!
With DXY weakness EURUSD keeps growing.
We saw a nice expansion this week and it's time to look for the next strong supply area.
I am paying close attention to the confluence area between:
1.2 horizontal resistance (current structure high);
Rising trend line ;
1.272 extension of the last bullish leg.
I won't expect a major reversal from the identified area,
rather a pullback to 1.195 at least.
I will be looking for a confirmation on lower time frames before I short.
Good luck!
EURUSD: Important Structure Ahead!!!
With DXY weakness EURUSD keeps growing.
We saw a nice expansion this week and it's time to look for the next strong supply area.
I am paying close attention to the confluence area between:
1.2 horizontal resistance (current structure high);
Rising trend line;
1.272 extension of the last bullish leg.
I won't expect a major reversal from the identified area,
rather a pullback to 1.195 at least.
I will be looking for a confirmation on lower time frames before I short.
Good luck!
EUR-USD bearish bias. Will go down. Sell!
Hello, Traders!
Just as I said yesterday, EUR-USD is weak
Now, I think that the bears are finally winning
And so It is a good place to open a short
To benefit from the pair retesting support
Sell!
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EUR_USD SHORT OPPORTUNITUY|SELL
EUR_USD seems unable to break the resistance
Just as I said yesterday in my analysis
Todays pullback from it proves this thesis
Therefore I think it is a good time to open shorts
As the pair might fall nicely to the support and further below
Short from resistance!
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EUR/USD Broke Through Resistance (BULLISH!)In my previous idea on EUR/USD I explained you how the support and resistance zone could be used for a short position trade set-up. However, we have seen that the price is breaking through the resistance zone at the moment.
That's why I decided to change it into a long trade set-up going to the next zone of resistance. I believe EUR/USD is now trending upwards, and it breaking this resistance is a strong bullish signal.
-Trading-Guru
EURGBP At Breakout of Support For Short Trade.EURGBP is trading at s Support Level also it is trading at Support Level of Channel Pattern (shown in chart). According to chart pattern analysis , we might see downside in EURGBP from current level if it break the support 1. One can initiate the short trade with proper risk management and stop loss.
Thank You.
💡 Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1876). 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 34.
Take Profits:
TP1= @ 1.1800
TP2= @ 1.1760
TP3= @ 1.1703
TP4= @ 1.1650
TP5= @ 1.1603
SL: Break Above R2
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💡 Don't miss the great buy opportunity in EURUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.185). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 1.1895
TP2= @ 1.1920
TP3= @ 1.2000
SL= Break below S2
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💡 Don't miss the great buy opportunity in EURUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.185). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 1.1895
TP2= @ 1.1920
TP3= @ 1.2000
SL= Break below S2
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💎 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 ❤️