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EURO-USD

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
Price searching for more sellersPrice is in bearish mode on daily after we broke down from the several liquidity blocks. We are are slowly gonna bleed down filling that skinny leg... Price entered the gap zone - low lolume area where its hard to find orders. Price pulled back to pick up more selling liquidty. Its hard to say where its appetite will be filled - at one of the liqudity blocks I marked. We should return to the July point of the release as the bullish move was on low volume engines.
Short
by ICFX
1
What are the banks saying about EUR, USD, JPY and GBP?I receive bank research each day... I'll drop some of their comments here/ Euro Citi: EUR trades marginally below overnight highs around 1.1730 at the time of writing (-0.1% in Asia). As a reminder, CitiFX Strategy still believes the EURUSD correction has room to go and it is not yet time to fade it. Several factors, including a slightly less dovish Fed, derisking into US elections, and USD positioning all support this thesis. Strategy is still structurally bullish EURUSD but prefers to add longs on a deeper correction towards 1.14. JPMorgan: No real reason for the move higher yesterday and it was a little strange when you consider that stocks and commodities were lower on the day. But the head scratching wasn’t confined to EURO, where EM which ignored the positive risk rally on Monday, chose to rebound into midday, before retracing somewhat. The random price action could be a result of Month/Quarter end flow and while I have no insight into whether this is indeed the reason or not, this afternoon is likely to be volatile as the story plays out. O/N the Biden/Trump presidential debate was at times farcical, as both candidates thought the way to make an impact was to name call and see who could shout the loudest. While there was no clear winner, Biden’s betting odds widened by 7% points and the Election remains his to lose. While Biden extended his lead, it was clear that Trump is unlikely to go quietly, meaning a contested election is still very much a concern for markets. But with polls suggesting that 87% of Americans have already made up their minds on how they will vote, these debates may be nothing more than a 3 part Comedy drama. Watch the wires for headlines as Lagarde and Lane are due to speak at today’s ECB watchers Conference and Brexit discussions continue. Mnuchin and Pelosi also continue to talk although an agreement still feels unlikely. All of this may be insignificant, if the much anticipated Month/Quarter end flow dominates proceedings as expected this afternoon. We had been tactically short EUR/USD but are now playing things very close to home, as we try to navigate the potential volatile moves this afternoon. ING: EUR: All eyes on Lagarde USD weakness helped EUR/USD yesterday absorb the new of a possible delay in the EU Recovery Fund as some countries look determined to use the veto if the rule-of-law conditions are not dropped. Today, the pair appears more vulnerable, also due to some potential Brexit spill-over. President Lagarde’s comments will be closely watched amid rising speculation over a rate cut. Danske: Although EUR/USD is again on the rise, sentiment across inflation expectations, equities and credit continue to appear weak, and it is, in our view, too early to call off further downside in the pair. Indeed, to the extent that the Danish experience with new COVID-19 lockdowns is anything to go by in a broader context, it is worth noting that consumer spending (card and mobile payments data) are starting to show signs of weakness. We still view EUR/USD as rangebound with risks tilted to the downside towards 1.16 near term. What could make us change this view? Progress on Brexit (watch for whether 'tunnel' negotiations are reached this week), a 'clear' US election outcome and thus a US fiscal boost, and/or central banks renewing their reflation vows. Today watch for ECB speakers at the Watchers conference and for Fed minutes for any hints on the latter, although we think it is too early for a major shift on either side of the Atlantic. GBP Citi: GBP mirrors AUD movement, trading down -0.2% to 1.2840 at the time of writing. After the London close, headlines on Bloomberg emerged that the EU has rebuffed a new round of UK proposals on state-aid rules. “The British offer still doesn’t go far enough, according to two officials in Brussels, who said insufficient progress has so far been made for the talks to head into the intense final phase, known as the tunnel, at the end of this week.” Talks will continue before a meeting on Friday between chief negotiators Barnier and Frost, where yet another round of talks could be proposed to iron out remaining differences, should no breakthrough be found this week. CitiFX Strategy’s Adam Pickett outlines expectations here: Nothing new from Brexit and BoE headlines. Also note that the EU’s deadline for changes to the UKIM Bill is today – infringement proceedings against the UK are expected to start on October 1. JPMorgan: Choppy day for sterling yesterday in which we saw much of Monday’s strength reverse as talks continue in Brussels, the highlight of the day were reports that the UK had sent 5 draft legal texts including one on state aid i n an effort to advance the talks however subsequent reports had European sources saying that the proposals did not go far enough and that insufficient progress has been made to enter the tunnel phase. Flows were pretty light although the HF sector did turn to small net sellers tempering the exuberant run (4 sessions) of net buying into the talks. The IMB meanwhile trundles on clearing the HoC hurdle and now moving to the House of Lords in which it should fail –what follows is then an iterative process between the two houses after a few rounds of which Johnson will be able to force it through anyway –developments here are unlikely to impact negotiations this week. The situation will remain opaque and will be punctuated by brief noises in either direction –our overarching suspicion is that political leaders will need to get involved to agree on the thornier issues and thus the tone could take a turn for the worse into the end of the week. As such we remain in tactical mode here as we end the teeth of month and quarter end rebalancing today. 1.2780/90 remains supportive ahead of 1.2740/50 (0.9115/20, 0.9065/70 EURGBP) while 1.2880/85 remains resistance with 1.2930 above (0.9165/70, 0.9220/25 EURGBP). Lloyds: The rally from 1.2675 has backed away from 1.2935/45 resistance. A move through there opening an extension towards 1.3010/50 with a break there suggesting 1.2675 was a meaningful low. A slide back through 1.2805/1.2780 support would suggest the rebound from 1.2675 is merely another correction risking another test lower to the 1.26-1.25 region. Longer term, we are biased that the bear cycle from the 2007 and 2014 highs completed with a major ‘double bottom’ in the 1.15-1.14 region. However, we are monitoring the current pullback closely and watching 1.25 and 1.20 key supports. USD Citi: Month-end: CitiFX Quant’s preliminary estimates have also suggested that USD pressure should prevail. The sharp losses in equities in September leads the asset rebalancing model to suggest a rotation into equities from bonds with a moderately strong signal at +0.8/-0.7 historic standard deviations respectively. The FX impact of the signals is likely to be USD buying, with the signal significant by historic standards (over 2 standard deviations). JPY JPMorgan: Biden seemed to hold his own as Trump turned the debate into chaotic theatre and while Biden’s advantage in betting odds has grown ~7% overnight it is also becoming clearer that Trump will not go quietly, the risk of a contested election is very real and probably rising –as such risk is trading on a softer footing for now. However price action today will be increasingly hard to put into context as we have month/quarter end to deal with –USDJPY was pretty bid in Tokyo into Japanese half-FY and go to be touching resistance at 105.75/80 yet again before risk turned, this will be a focal point today should the implied rebalancing (from MTD stock divergences) come to pass. We are looking to sell USDJPY further onto a 106 handle today if we get the chance, through105.75/80, 106.50/60 is the next level above, meanwhile 105.20/25 remains solid with 104.85/90 below.
AMEX:XLF
by FinkPro
21
Don't miss the great sell opportunity in EURUSDTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.1952 & 1.1917). 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 56. Take Profits: TP1= @ 1.1753 TP2= @ 1.1688 TP3= @ 1.1588 TP4= @ 1.1490 TP5= @ 1.1170 SL: Break Above R3 ❤️ 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 you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
30
Don't miss the great sell opportunity in EURUSDTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.1952 & 1.1917). 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 56. Take Profits: TP1= @ 1.1753 TP2= @ 1.1688 TP3= @ 1.1588 TP4= @ 1.1490 TP5= @ 1.1170 SL: Break Above R3 ❤️ 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 you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
26