EUR/USD to rise and pullback from the 0.236 fib lvlEUR/USD🇪🇺🇺🇸 is expected to test the 0.236 fib lvl but according to Stochastic the price is expected to be rejected by it and pullback down to the 1.17998 lvl.
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Euro-dollar
Don't Short Euro - Upside To GoEuro is going to make one more down leg and it will see extreme volatility to the upside as Dollar is likely to see continued weakness to the downside.
Many, many of you are anticipating downside projections but something is telling me to disregard that thought.
We will go higher, and trade above 1.19202 significantly.
Ideal buy entries can be anywhere from 1.17702 to 1.17444 about a 25.8 pip range to go long.
Price should NOT go below 1.17276.
GLGT - Thoughts and Feedback are always appreciated,
Thank you
EURUSD Head & Shoulder Pattern For Short TradeEURUSD is Forming Head & Shoulder Pattern which is bearish pattern or trend reversal pattern (Shown in Chart) . According to chart pattern analysis , we might see down trend in EURUSD . One can initiate the short trade on EURUSD 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 (1.186). 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= @ 1.1780
TP2= @ 1.1745
TP3= @ 1.1695
TP4= @ 1.1623
TP5= @ 1.1540
SL: Break Above 1.192
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💡Don't miss the great sell opportunity in EURUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.186). 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= @ 1.1780
TP2= @ 1.1745
TP3= @ 1.1695
TP4= @ 1.1623
TP5= @ 1.1540
SL: Break Above 1.192
❤️ 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 ❤️
Sell USD through NovemberHere is another index chart USD vs EUR and Chinese Yuan combined (two biggest trading partners of the USA) from which you can see massive bearish engulfing after price broke yearly floor.
Even more bearish breakout from consolidation is observed on USDEUR*USDYJPY chart.
You can not see this well if you look just at EURUSD or DXY (which does not even include Yuan) charts. EURUSD should hit 1.22 by the end of this month. This is what I was speaking in one of my posts a few days ago, a missing 3rd bullish Elliott wave in EURUSD daily. See (its "upside down" from the chart above - means bullish eurusd rallies through November) -
EURO_DOLLAR TRADING PLAN|TECHNICAL ANALYSIS!
EUR_USD has respected the support confluence and is surging upwards.
The strong bullish movement in ongoing, that is most likely a reaction to the US presidential elections.
All the long opportunities are gone as far as I am concerned, so we will be looking at a short opportunities.
A good area for potential shorts is the confluence of the resistance lines ahead of the price.
Thus, we are waiting for the price to go higher, and then start looking for the reversal clues.
IF the current resistance is broken, next on in line would be the previous higher high of the "covid" bullish movement,
But I will be making a separate analysis if the price reaches this level.
Thanks for wathching!
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See you all then!
EURUSD: Daily Time Frame Analysis & Key Levels
hey traders,
due to uncertainty with elections, it is quite hard to find a decent trading opportunity.
the instruments are quite volatile and chaotic at the moment so I am waiting until it settles.
On eurusd after a bounce from the current structure low, the price is currently attempting to break above a major falling trend line that served as the resistance.
depending on the reaction of the market on that,
here are the key daily levels to consider:
Support 1 - 1.16 - 1.162 current daily structure low
Resistance 1 - 1.185 - 1.187 last daily lower high
Resistance 2 - 1.195 - 1.20
remember that if daily candle closes above the trend line, if it serve us support.
key levels are used as goals for our trades and as points from where we open them!
EURO_DOLLAR TRADING PLAN EXPLAINED|4:1 RISK-REWARD
EUR_USD has found a support at the previous lower low level and has broken the falling channel resistance level.
The breakout is confirmed and so we are all aiming at a long trade.
For a long trade, we need a pullback from the current highs , and then we go long from the level that you can see on the chart.
A great trading opportunity with the first target offering 2.5/1 risk reward ratio.
Thanks for watching!
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EUR/USD bearish on the 4H timeframeHello guys ,my previous EUR/USD analysis worked out pretty well we hit the TP for 220 pips. I made the call in the 1H timeframe, AND looking at the 4H timeframe currently I think possibly we could see a downward continuation of the price until the 1.1285 level.
What are your thoughts........?
EURUSD - Potential sell re-entry EURUSD rejected the 0.618 fibonacci retracement level + descending channel resistance.
The market broke down below the pullback support.
Potential retest of flip trendline resistance + fibonacci retracement levels.
Sell re-entry at confirmed bounce off the retest ⬇️.
EUR/USD 🇪🇺 🇺🇸 to rise up to the 1.17616 local support level.EUR/USD 🇪🇺 🇺🇸 is moving within the symmetrical wedge with the pretty wide Bollinger Band volatility. The price is testing the ascending bottom trendline , and according to the oversolds and the Golden Cross is going to rise and test the 1.17616 local support level.
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