EURO-USD
EURUSD - Can we ever buy Euro now?EURUSD.
Euro has been falling heavily for over a year now.
While the long term view suggests further decline, we are likely to see an upward wave before the bearish continuation.
With a valid triangle formation, the price is likely to make a reversal from 1.08 - 1.085 zone with a target for 1.15.
Always manage risk while trading.
3 out of 3 so far. EURUSD Still trialing this idea, using MFI to signal my trades coupled with heavy economic sanctions that will also be felt at home.
Going for the same 25 pip short and trail a stop once TP1 is hit.
Let me know if you have been following this idea over the past few trades i have posted.
EURUSD - Bearish - Struggling to Break HigherHere is a new SELL Scenario, i expect a stronger dollar
a short term bearish for EURO
US Treasury yields continue to rise
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
EURUSD Is Bullish On Intra-day - Elliott wave EURUSD is in a five-wave intra-day rally on the 15min chart. This impulsive move up suggests a minimum three-wave recovery, with red wave a leading the way. At the moment price can be unfolding sub-wave (v) of a, which can look for resistance at the 1.128/1.13 region, and then turn into a bigger red wave b correction.
Both alternate counts suggest a flat to be in progress: ALT 1 suggests a potential top for a sub-wave (v) to be in place, and an a-b-c move to be underway, towards the 1.123 level, before more upside can follow.
ALT 2 suggests a flat to be in play for a sub-wave (iv), and a retest of the 1.123 level, before we may see sub-wave (v) unfold to the upside.
The SP500 priced in EURO has clues to the true correction bottomThe SP500 can be priced in multiple currencies. This unique TradingView feature can be accessed at the top right of your screen.
The European market has a lot of money behind it, and they invest heavily in the American market. When pricing the SP500 in EUROS and comparing it to the USD, there are some key differences that allow a technical analysis focused trader to find clues as to the future movements of the USD priced SPX index. It's almost as if the EURO market is 2-3 days ahead of the USD market.
Using some simple TA analysis, one can more clearly see why the SP500 is correcting from this level, and where the answers lie as to where the true bottom of the correction is likely lurking.
TL/DR: The SP500 should bottom in the 3850-3900 area at some point in 2022, as that is an equivalent area of major support for the SP500 priced in EUROS.
EUR/USD will drop - bearish pressureHello Traders
Here is a new SELL Scenario, i expect a stronger dollar (Fed Hike coming)
and we are still in a descending trend line
💹EUR/USD SELL STOP
✅ Entry @1.13400 or below
✅TP-1# 1.13200
✅TP-2# 1.13000
✅TP-3# 1.12800
✅SL# 1.14500
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
EURUSD Long IdeaEURUSD has just dropped below the key 1.13 level following the recent volatility across markets. This morning the price has fallen towards the support zone of 1.1285, an area where price has seen upwards movement previously. The RSI levels on the 1hr time frame are in oversold conditions (3.48) which shows that there is room for price to increase from this area. The target of this trade is located at the previous resistance level of 1.135, the stop-loss area is located 0.5% from the current level (1.123)