RSI divergence on 4 hrsPrice is likely to reverse or pull back from 1.16500 due to RSI divergence at round figure. Target round figure of 1.1700 (weekly pivot which just 1.17144). Weekly pivot rarely get missed.
EURO-USD
EURUSD - Potential short term retracement 🔽EURUSD brokeout above the double bottom neckline resistance as expected from my previous analysis.
RSI is overbought.
Breakdown below parabolic support could be a bearish signal ⬇️.
EUR/USD 🇪🇺 🇺🇸 to test the 0.236 fib lvl.Though EUR/USD 🇪🇺 🇺🇸 is still not back into triangle right now we managed registering +0.34% of profit. According to the RSI oversold and Aroon the price is going to test the 0.236 fib lvl again.
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Gap slips comingPrice will run down to fill all the inefficincies...
Read from a reliable source that the area btw 1.18000 - 1.20000 is ECB´s nonverbal official intervention zone.
EURUSD Long Trade 28/10/2020Targeting 1.20 near term/ 1.25 long term.
Repetition of a pattern seen back in 2017, very similar price action.
Stop loss below previous lows should be safe in my opinion (50 pips)
EURUSD 1H TRADING PLANWALKTHROUGH AS SEEN IN CHART FOR RECENT EVENTS. brilliant week so far lots of pips in the bag over 500 and counting.
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
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.
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EURUSDAll content have only educational and informational purposes, and never should use it as financial advice.
EURUSD Weekly analysis, Oct 26-30Euro against dollar, had a bullish last week, it closed with high price of 1.186 area, sitting below the resistance , this pair may see a downward trend to go 1.16 area , towards the end of the month ..this movement will decide the path of November of EURUSD pair
Note- price action analysis is only for education purpose only
EURUSD buy potentialGood afternoon traders
We are looking at a potential buy zone for the eurusd!
We will wait for some bullish price action before jumping into the trade.
Cheers :D
EUR/USD DAILY PICTURELook for times to accumulate on lower timeframe, as the big picture is continued uptrend.
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
EUR_USD STRUCTURE ANALYSIS!EUR_USD has bullish momentum but all the long opportunities are missed.
For the sellers, I would consider the diagonal resistance as the first short area, heavily dependent on the price action.
The safest short opening area would be the horizontal resistance ahead.
Wait for a nice reversal pattern and go short.
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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%
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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
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.
1h eur/usd tradelast trade for me for the week, just time to cash in. eur/usd hourly uptrend to start very soon
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.
EUR/USD: 1-hr Bearish Structure + Reversal at PRZ (1.1777) Immediate downside target is 1.170 . Depending on how the equity market's here in the U.S. ascertain's the FOMC mins will dicate today's price action fro the Euro-dollar.
