EURO-USD
EURUSD: Year's High AHEAD!!! Key Levels & Scenarios
EURUSD is approaching a key daily structure resistance.
1.15 is year's high, short rally from that level was just crazy in march.
we don't know how the market will react this time, so we must be prepared for both scenarios:
in case of a bullish violation of the underlined resistance (daily higher high higher close)
the pair will most likely keep growing.
next midterm resistances will be:
1.155
1.160
if the structure will be respected (some reversal formation on lower timeframes)
the market may retrace.
closest midterm supports will be:
1.137
1.130
of course, bias right now is bullish, but it is too late to jump in.
let's patiently wait and see whats gonna happen.
EUR/USD STRUCTURE BREAKDOWN|SHORT
EUR/USD has broken out of the upward diagonal channel, and ignored the double top it should have formed with the last high.
Now, it is entering the big resistance area, thus, despite the recent strength, the target trade is a short
+RSI near overbought which is a bearish signal.
The pair might move further up from the current level, so I am not giving any precise entry point right now.
However, a short towards the first support at least will be a good trade.
Watch the price action closely, the opportunity for a short must present itself, and now you are aware of it, thanks to me.
Thank you for reading, like and subscribe and have a nice day!
EURUSD Short *KEY LEVEL RESISTANCE*Nice resistance and potential double top @ 1.14.
Shorting here and targeting the bottom of the current price range which is 1.12. If that level breaks then price should fall further to 1.10. Alternatively a bounce off that level will see the sideways price action continue.
E/U 6 week range (1.1175-1.1375) likely to continue prior to ECBMajor currency pairs and stock indices continue to trade inside the shor term range since many weeks as investors are not getting any clear signal of the current economic scenarios hence in a caution mode ,Euro/Usd trading still inside the 6 week range 1.1175-1.1375 and probably continue for more weeks regardless of the ECB meeting due on this Thursday and rates are likely to remain unchanged . Having said that , a spike to test the 8 th march high around 1.1495 handle is possible during the volatility time ,however an upside break out is very unlikely and heavy selling pressures will force to take this pair to test the major support around 1.1025-1.1125 . On the other hand, if a breakout above 1.1500 handle will lead a way to commence a strong bullish trend for many months .
Trend : Range Bound
Resistance : 1.1375 & 1.1495
Support : 1.1025
Major economic events this week :
Inflation numbers from the US due on Tuesday / Earnings reports of Major US banks and other sectors
European Central Bank Meeting / ECB Press conference due on Thursday / Retail sales & Consumer sentiments from the US as well
AUDUSD Sell 200 Pip OpportunityAUDUSUD at a strong resistance area and main trend is still downwards.
Entry @ current price and pending at last high of 0.6986
TP 1 at past support area (possibly channel trading)
TP 2 at next past support area
Indicators:
1. Currently at strong Resistance area.
2. Stochastic RSI on weekly and daily both in overbought zone.
3. USDollar Index in oversold zone.
Good luck trading!
Charles V
CVFX Manangement
Trading made simple
EUR/USD Buy Previous resistance broken out on 30min timeframe
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Minor support was held with a further bullish move
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With the confirmation of further bullish pressure, I took a market execution with targets set at the previous daily highs
EURUSD: Warning Signs & Price Action & Harmonics
My view and thoughts on EURUSD.
4H/daily time frame analysis.
Previsions for EUR/USDin this chart i pretend that if the chart continue as my previsions it's a verry beautiful sell in this area for today
EUR:USD: Downside Monthly TargetDownside 1.11 (institutional) with 1.13 as accumulation price zones for institutions to fill short and earn financing turn on the way down.
EURUSD SCENARIOS EXPLAINED|TRADING PLANEURUSD has broken out from the bullish flag, up through the diagonal resistance. Therefore, the target trade is long.
However, I'd wait for the small horizontal structure breakout, which would be a signal of strength for us.
It is important to get a good entry price because there is no reasonable level nearby to place our stops below it, and so one might want to be prepared to re-enter the trade.
The target is twofold. The horizontal level and the last high, which would make a double top and an excellent short.
If the horizontal structure stands, then the pair might as well fall back onto its support.
Thank you for reading, like, subscribe and have a nice day.
EURUSD: Structure Analysis & Key Levels
Support & resistance / supply & demand zones for EURUSD explained.
Euro/USDHello traders, here is the analysis from our team :
Our primary target, However we take profits.
Let us know in the comment section below if you have any questions.😉
There is possibility for the beginning of an up trend in EURUSDMidterm forecast:
. While the price is above the support 1.0990, beginning of Uptrend is expected.
. We make sure when the Resistance at 1.14950 breaks.
. If the suppor at 1.0990 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. The ascending flag taking shape suggests we will soon see another leg higher.
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A peak is formed in daily chart at 1.1350 on 06/23/2020, so more losses to support(s) 1.1145 and minimum to Major Support (1.0990) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 53.
Supports and Resistances:
S1= 1.1145
S2= 1.0990
S3= 1.0880
S4= 1.0765
S5= 1.0635
R1= 1.1345
R2= 1.1495
R3= 1.1570
R4= 1.1725
R5= 1.1865
EURUSD STRUCUTRE LONG|BREAKOUT|MULTI-TIMEFRAME ANALYSIS
There is a confirmed breakout of a horizontal structure level, that is clearly seen on the 1H chart below.
There is a good pullback, so we have been presented with the best entry point.
Thank you for reading, like and subscribe and have a nice day!
EURUSD: Still Bearish for Next Week
hey guys,
though my last trading setup on EURUSD was stopped out, I still believe that the underlined 4H structure resistance will hold.
on Friday the price has attempted to break above that but was immediately rejected by a bearish engulfing candle.
taking into consideration that the pair is locally bearish since 10th of June,
chances are high that at least the current local low will be reached next week.
goal for sellers is 1.118
if only bulls break above the yellow resistance we can talk about a shift in our bias.
have a great weekend!
Possible Bullish continuation @ 1D time frameSaw this oppurtinity and decided to jump in last night. Crossed the resistance line and looks like it will continue the bullish trend.
Entered @ 1.12728
Scaling 25% @ around 1.15363
EURUSD Long aiming at resistanceHi everyone!
The pair is in an interesting stage. We have seen a surge in the last couple of weeks and yesterday it reacted to support. We stay long aiming to that area of resistance between 1.15-1.155 .
We cannot rule out the possibility of forming a Head and Shoulders pattern at around the area we are now. If the pair closes today in the red I will exit it and look for better opportunities.
If you have any questions please leave them in comments.
Did you like the idea?? Give us a thumbs up!!
Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better.
Remember that trading is only part of your life. Do not spend all day in front of the screen!!
Surf, Trade, Live!!
EURUSD ShortFormation of a new lower low and lower high are confluences for a possible downtrend.
The price point previously reached this high area back in early March and the price was heavily rejected. A repeat of this pattern is more than likely, as the price has already rejected we can catch the rest of the pips down to the indicated support zones.
RSI and Stochastic's seem to agree, both showing oversold conditions which is further confirmation of a downtrend. 🤞
Enjoy :)
EURUSD: Price Action & Scenario For Next Week
Ice breaks and EURUSD finally started a bearish movement this week.
on Friday the price managed to break below a strong demand area and successfully closed below daily/4H structure.
short term bias is now bearish and next week I will anticipate a bearish continuation to lower structure levels.
HOWEVER,
talking about a 1H t.f perspective, things are bit different:
the price has formed a perfect ABCD pattern formation and it will most likely retrace to 1.1275 resistance based on the projected CD leg,
and boundaries of a falling parallel channel.
then buyers will face a wide resistance cluster and selling rally will most likely continue.
next goal for sellers will be 1.117 support (based on horizontal structure and support of the channel)
good luck!
