Get started

EURO-USD

EURUSD outlookPrice covered the previous inefficiencies (a little bit left to the downside but no space to go short short-term). I would look for temporarily long (countertrend). And then when we cover the existing inefficiency I would go short again. Euro rarely leaves such inefficient moves behind. Whenever you see a series of long candles with no pullbacks (illiquid runs on low volume, as price "gaps through" in search for liquidity and once it hits counterparty that fills all the demand price slowly drains back to where it busted from) - be sure price will come back to fill them. This and more is explained in great detail on - protradersclub.com
Long
by ICFX
EURUSD - DAY TRADE VIEWEURUSD - As per the hourly chart and trend line breakout it should go up from the resistance zone. My approach will be a buy only above 1.18255 Maintain stop loss around 1.17850 Potential upside target 1.18600 - 1.18800 Follow the levels as mentioned in the chart. Hit the like button and write in the comment section to get more such signals. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered. Thanks
Long
by Professor_GS
1
EURUSD - DAY TRADE VIEWEURUSD - As per the hourly chart it has completed the run up for flag pattern and now steady on the resistance zone but about to lose strength as multiple resistances are awaiting on the top. My approach will be a sell here at current price 1.18480 Maintain stop loss around 1.19000 Potential downside target 1.18050 - 1.17700 Follow the levels properly, I will be glad to see your likes & comment. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered. Thanks
Short
by Professor_GS
2
Reversal comingHello Traders, We hit monthly H3 reversal level and reached the clean breaking point. Hence I would look for shorts next week to fill the gap formed on Friday. We should see price ranging during Asian session on Sunday night and when Frankfurt opens on Monday price will push down (might spike above Asian range though - touching the point of release). Top Absolute Correlation 4 hrs 1 EURUSD - USDCHF -94.7% 2 EURUSD - CHFJPY 91.1% 3 EURUSD - EURJPY 90.3% 4 EURUSD - NOKJPY 84.9% 5 EURUSD - USDTHB -84.7% 6 EURUSD - USDPLN -84.0% 7 EURUSD - USDSGD -82.3% 8 EURUSD - GBPJPY 81.9% 9 EURUSD - SGDJPY 80.0% 10 EURUSD - SEKJPY 79.4% Join FX Elite program at Pro Traders Club - protradersclub.com (institutional forex, industry top)
Short
by ICFX
EURUSD - SWING ANALYSISEURUSD - Parallel channel breakout is there on the chart, next week is expected to be on higher side. My approach will be a buy here at current price 1.18290 Maintain Stop loss around 1.17700 Potential upside target 1.19300 Trade as per your risk appetite, I will be glad to see your likes & comment. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered. Thanks
Long
by Professor_GS
EUR/USD Trading Around Stimulus/BrexitOANDA:EURUSD is near completion of it's Elliot's Wave pattern following a tough week for the Dollar. Today's action is mostly accredited to strength of AMEX:SLV and TVC:GOLD . I believe there is a correction or some consolidation due early next week with the amount of economic announcements on the US and European sides, and as Brexit new's continues to develop with apparent "rounding issues" occurring. GOLD and SLV will likely flatten out due to the upcoming debate. Also, with US Stimulus likely becoming a hot topic at the debate with rumors still floating some type of relief. In conclusion, Europe and Britains uncertain future will likely bring weakness to the Euro early in the week, and I predict the dollar to stay flat leading up to the debate and bounce with more strength in GOLD and SLV or a Stimulus package. EUR/USD could easily reach 1.915 next week as these events play out or retrace to resistance turned support from July.
by crawfordpaul
EUR/USD WEEKLY OUTLOOKThis is just my views on how eur/usd trend is looking. i base my decisions based of these timeframes as it makes you alot more accurate, aswell as entering you potentially in trending markets. DXY could be ranging between 94.6 and 92. the dxy is good to find your entrys on eur/usd, because if you flip dxy chart upside down, its the exact same chart as i have posted above! if dxy next move takes it downwards after trumps stimulus talk. expect eur/usd to rise uptowards 1.19.
by UnknownUnicorn6102956
Parallel channel broke and retest playEURUSD Has managed to run bullish for the 5 straight days from September 25 to October 01. September 22 high which is 1.1744 is acting as a swing area and holding as a support for the bear The downward parallel channel was broken and retest on September 25 makes this pair to run towards 1.17400. And the upward parallel channel also broken and price fell below the middle line we are expecting the retest play around The Point of control area and then it will fall towards 200 Exponential moving average is acting as resistance for the bull Point of control are is coordinates with the .236 Fibonacci retracement level. below which the .50 Fibonacci lying around 1.16934 which will be a testing ground for both the Bull and bear. If this level firmly broken then the next downside target would be 1.16128 which is a recent swing low area .50 Fibonacci level coordinates with the major psychological level On volume profile currently its trading at high volume area where we can expect more number of sellers from this level Hourly Relative strength index is in neutral area as its around 51 level Ichimoku cloud is turned red The price is trading near the lower side of Bollinger band 03 EMA's confluence around 1.17300 In RSI bearish divergence was formed MACD is signaling upward pressure, Histogram is turned red 4 HOUR 100 EMA acting as support - Bear Ichimoku cloud is turned red and pointing upwards Relative strength index is in neutral area as its around 50 level MACD is signaling downward pressure, Histogram is turned red The price reached the lower side of Bollinger band Continuation of downtrend Selling pressure DAILY 100 EMA acting as resistance for the bull Ichimoku cloud is about to turn red and pointing downwards Weakening of bullish momentum Middle line of Bollinger bands acting as support for the bear RSI is well below the 50. MACD is about to cross and the histogram is going to turn as green Upward pressure If you found useful like our idea and share with your friends and trading community
Short
by forexorbit
6