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EURO-USD

EURUSD: Important Decision Ahead! Bearish Scenario Explained hey guys, EURUSD has perfectly closed on the support line of a rising parallel channel . as it been said earlier, we still remain bullish biased until the market is trading within. however, the market is clearly slowing down and we must consider that. for that reason, we should be prepared for a bearish breakout. here is your plan, that will help you properly trade a bearish breakout: first of all, 1.178 is our last horizontal higher low level. to avoid a false breakout, violation of the support of the channel is not enough! we need a daily candle close below this horizontal support as well, that is what confirms the breakout. then we can sell the retest of the broken channel. the resistance cluster will be the expanding area between a horizontal higher low and rising support of the channel. I would suggest looking for a confirmation signal within that area to short. our goal will be 1.16 level based on a weekly structure.
Short
by VasilyTrader
7
Don't miss the great sell opportunity in EURUSD Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance lines (1.1822 & 1.1883). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 32. Take Profits: TP1= @ 1.1713 TP2= @ 1.1653 TP3= @ 1.1594 TP4= @ 1.1492 TP5= @ 1.1370 SL: Break Above 1.1965 ❤️ 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 ❤️
Short
by ForecastCity
24
Don't miss the great sell opportunity in EURUSD Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance lines (1.1822 & 1.1883). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 32. Take Profits: TP1= @ 1.1713 TP2= @ 1.1653 TP3= @ 1.1594 TP4= @ 1.1492 TP5= @ 1.1370 SL: Break Above 1.1965 ❤️ 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 ❤️
Short
by ForecastCity
10
EUR-USD STRUCTURE ANALYSIS| DECISION RANGE| TRADING PLAN| EURUSD has formed a double top near the new highest resistance, while also forming a horizontal support structure below the strong resistance level. The area between the two in yellow is a decision range. Breakout either way will be a signal of the further direction, which is shown by the arrows. The further direction will be so far constrained by the double top level above and by the plethora of the support lines below. TRADING PLAN: We are waiting for a confirmed breakout either way, and then go long or short depending on the direction of the breakout+watching the price action. +by the way, if the breakout goes downwards, one might be able to see the H&S pattern there as an additional confirmation, while the breakout upwards will be a trade following the trend. Meanwhile, the bravest and the fastest might wanna try playing the channel game, trading the support and resistance of the yellow range flipping the positions until the breakout happens. Thank you for reading, like and subscribe and have a nice day!
Long
by ProSignalsFx
1
EURUSD: Consolidation & Complete Indecision EURUSD is currently stuck within a wide horizontal trading range. because the trend is still bullish, we keep being bullish biased and expect a bullish continuation. however, it is very risky to buy the market from current prices. to catch the next bullish wave I would suggest waiting for a bullish breakout of the resistance of the range on 8h. then we can initiate a long trade on retest. goal will be 1.20 sometimes consolidation is the first reversal sign, for that reason, we should also consider a bearish scenario. to catch a bearish wave, wait for a bearish breakout of the range on 8h. goal will be 1.16 good luck!
Long
by VasilyTrader
12
EURUSD Sell Opportunity 200+ pipEURUSD at main resistance area of 1.1900 Pair is volatile but extremely overbought, expecting a short possible retrace. Entry: 1. Aggressive Entry @ current price area of 1.1870 2. 1.1900 area TP 1: 1.1700 TP 2: 1.1600 50 pips stop loss 1:2 and 1:4 risk reward trade. Trade safely on this one, see my main EURUSD idea linked. I am waiting for a strong bear daily candle close and at least a weekly bear candle before trading this down to long-term target of 1.1400 handle. But this pair is a good sell for short pips. I recommend taking increments of 30-50 pips if you are selling to protect risk to the upside. Good luck trading! Let me know how I can help. Charles V www.cvfxmanagement.com @cvfxwealth Trading made Simple
Short
by cvfxwealth
STRONG DAILY EVENING STAR IN EUR/USD, real or fake ?As you can see in EURO/USD there is a very strong daily candelstick pattern which you know it as a EVENING STAR! What is an EVENING STAR? An Evening Star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a BEARISH! candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle. so clearly we have a fight between bulls and bears in euro/usd : Fundamental view: as you know euro has very strong bullish fundamental news rather than US and the factors effecting on USDOLLAR during opening economics after pandemic , not very intresting for SELLERS ! so now what is my idea ? im searching for short-term intraday in euro/usd because its too soon to tell you about changing the trend in euro/usd. I expect to see euro/usd bulls at first hours of next day trying to raise the price somewhere between 1.1820 - 1.1850, then bears come and use good sell situation and price falls 1.1720-1.1700. important demand area for euro/usd bulls : 1.1720-1.1700
Short
by FOXofFX
Don't miss the great sell opportunity in EURUSDTrading suggestion: . There is a possibility of temporary retracement to suggested Resistance line (1.1819). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 30. Take Profits: TP1= @ 1.1750 TP2= @ 1.1708 TP3= @ 1.1626 TP4= @ 1.1562 TP5= @ 1.1463 SL= Break Above R2 ❤️ 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 ❤️
Short
by ForecastCity
9