Get started

EURO-USD

Consolidation nearly over. Bullish reversal resuming. Long.EURUSD is trading sideways on 5H (RSI = 49.935, Williams = -51.999, CCI = 9.2834, Highs/Lows = 0), extending the Rectangle (yellow - orange lines), which in turn is delaying the bullish reversal on 1D (still neutral on RSI, STOCH, Highs/Lows, Ultimate Oscillator but gaining bullish momentum on ADX = 22.438, B/BP = 0.0019). We don't expect drastic changes today (July 4th) and instead focus towards Thursday's ADP Nonfarm Employment Change and Friday's Nonfarm Payrolls/ Unemployment Rate as the catalysts that may lead us to at least the first target (TP = 1.17310). TP = 1.1800 is on the medium term horizon.
Long
by InvestingScope
EURUSD: New massive bullish wave comingAs you see also EURUSD betrayed itself giving clear clues from its past behaviour. It follows wave patterns it worked out in the past. I also applied Gann square to EURUSD monthly and weekly, and we seem to be at a start of a massive bullish ride. This is zoom in for 4 hours timeframe. I plotted Gann square (unfixed one), Fibonacci retracements and Fibonacci speed circle along the Fibonacci levels. All freely traded markets are governed by a hidden order based on the geometry of the circle or “arc”, which expands and contracts based on the Fibonacci ratio. That is why most traders fail - because they draw straight trendlines and are never able to catch the because markets move in circular arc shaped trendlines after the law of vibration.
Long
by ICFX
EURUSD - Bearish bias as price approaches key resistanceEURUSD has begin recovering slighting since the aggressive selling that continued all last week. Price has been in a strong downtrend for a number of weeks so we are looking for price exhaustion and pullback to key resistance so we can find opportunities to get short with the overall bearish trend. I will be watching closely over the coming week to see if 1)price reaches near term resistance, 2)a price action sell signal forms such as a bearish pin bar, bearish engulfing bar, inside bar, etc. 3) if price breaks below the formed pattern to then give me the confirmation signal I need to enter short. Remember that we don't want to gbe picking up pennies in front of a steam roller by going long in very bearish markets. We are looking for setups with the highest probability of success which in bearish markets like this are short setups.
Short
by krugman87
1
EURUSD Retracement completed , but not yetEuroUSD has completed its retracement of 61.8. Now it should try to go touch 1.25 again. Trying to overcome the selling pressure will be a difficult job, because 1.25 has already proven itself has very strong Resistance point , and similarly 1.225 has proven to be strong support zone. What happens next , is anyones guess. Deponding upon market sentinment 1.25 should be breached, but not w/o firefight which means bloodhed i.e.. USD will appreciate in value. trying to pull the price below 1.22, then again try to break 1.25. In short it means, it is gonna swing side ways, no clear signal of trade. So it is No trading zone. Only with brave hearts and loads of waste money should try their luck. My opinion: Stay out of it. PS: All the opinions are mine and mine only, i am no way trying to influence your trading decision. Its your money, you have to decide what u do with it. Thanks KryptoTimes
by kryptotimes
Eur/Usd holding for NOWThe Euro has changed from an uptrend to range bound in the short term. We may be seeing the end of the strong uptrend that the Euro has been in or a complex PB but I'm leaning towards the end. The Dollar is still on its hike cycle with three hikes predicted this year and should be strong but with all of the turnover in office and ongoing talks about Russia we have yet to see it in this pair. I'm inclined to believe Trump may be trying to stay in the headlines on purpose as he has made no attempt to hide the fact that he wants a weak dollar. Now with the last two rally's almost being identical at 302 pips and 288 pips respectfully, marked on the chart. Look for the Euro to continue back towards the trendline and supply area of 1.22. As always do your own due diligence. Keep Calm and Trade Forex.
by YourForexMan