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EURO-USD

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.
Long
by ProSignalsFx
6
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
Long
by ForecastCity
28
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!
Short
by VasilyTrader
14
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!!
Long
by MicKi
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!
Short
by VasilyTrader
20
Don't miss the great sell opportunity in EURUSD Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.1347). 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 41. Take Profits: TP1= @ 1.1144 TP2= @ 1.1072 TP3= @ 1.1004 TP4= @ 1.0880 TP5= @ 1.0774 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
28
Don't miss the great sell opportunity in EURUSD Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.1347). 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 41. Take Profits: TP1= @ 1.1144 TP2= @ 1.1072 TP3= @ 1.1004 TP4= @ 1.0880 TP5= @ 1.0774 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
26
EURO ($EURUSD) | Long Euro 💶 into the Central Bank Meeting? 🇪🇺 The fate of the EURUSD may lay in the hands of the European Central Bank (ECB) meeting taking place on June 4th. Although there shouldn't be any major surprises, and the pair has rallied into the event, things could really go either way. Our idea here isn't dependent on forecasting what will unfold at the meeting, rather our play is based on the chart. www.dailyfx.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 1. Fractal Trend is showing an uptrend (Navy colored bars) on the 4-hour timeframe. This is true despite EURUSD being in a major downtrend since 2008. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy colored lines) and/or bullish S/R levels plotted by Directional Bias (Navy colored lines). 3. The play here is to buy the S1 range after pullback from R1. Our target is R2, and with our stop just below S1 it gives us a very favorable R:R. 4. Although S2 may provide support if we go lower, there really isn't much to the trade beyond that. We are hoping for bullish continuation into and following the June 4th meeting. If we don't get it, we will reassess. Good luck EURO bulls!
by AlphaBotSystem
EURUSD: Key Levels EURUSD started a strong bullish movement. Multiple strong resistances are ahead. Key levels based on 3 days chart analysis: Resistance 1 - 1.11 level based on a resistance line of a major channel + horizontal 3 days/daily structure Resistance 2 - 1.12 level based on a horizontal weekly/3 days/daily structure Resistance 3 - 1.15 levels based on a horizontal weekly/3 day/daily structure + it is this year's high Closest supports are: Support 1 - 1.0975 level based on a recently broken daily structure Support 2 - 1.08 level based on a horizontal 3 days/daily structure pay attention to the lower timeframe once the market reaches one of these levels to catch a pullback or reverse
Education
by VasilyTrader
12
EURUSD Range AnalysisHello traders, I am just sharing my thoughts about EUR/USD pair and at this point price can go either way Up or Down. As it is shown on the price chart we are exactly at the middle of the range where we found a support based on previous candles tops and several bottoms at this particular price level. I personally am more inclined to think that the price will test one more time the 1.10 price level resistance because of the EU statements about relaunching the economy and countries such as Spain, Italy and Germany which wore the most targeted by the new Corona Virus, now are showing less confirmed cases per day, and another reason for that is because the bullish scenario is the path with the least resistance on the way. And if it will fail again to breach the 1.10 resistance price level, it will head towards the Lower Support level as shown on the price chart at 1.07764. Have a great weekend everybody and stay safe ! If this helped you feel free to give a like :)
by monssonalma