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EURO-USD

EUR/USD breaks patternThe common European currency for the first time during the week did not follow in accordance with the forecast against the US Dollar on Thursday. As a result the short term situation was reviewed. During the last 24 hours the pair declined to once more reconfirm the lower trend line of the medium term descending channel pattern. Moreover, it reached the long term target of 1.1670. Afterwards, the pair rebounded and began and surged above the weekly S1 at 1.1725. It is most likely that the pair will continue to surge on Friday until it reaches the various resistance levels near the 1.1750 mark.
by UnknownUnicorn890690
EURUSD Weekly Targets and StrategyOn this beautiful weekly time frame I have drawn the next resistance levels for eurusd and while at it also threw in the support levels. You can see that its also breaking out of a resistance currently. Next one wont be seen until 1.21 which is actually support level from the last bull trend, the next real resistance is at around 1.27 and has been tested a few times. Some people might also see the small pike at 1.17 as a resistance. Now how to use this information. Well you can buy it and hold for the long term and I have patience. But I assume most people trade the lower time frames and hold their position short term. So with a bullish setup like this on the weekly (and also on the daily) you wanna look at the lower time frames for similar setups to buy, since selling it would be counter trend and could get you hurt. So hunting those lower time frames for buy entries and booking profit when it hits the next resistance there will be a very very profitable trading strategy the next months. Feel free to leave any questions in the comments.
Long
by JoshFX1
1
Big Bear Trap EURUSDI see a Bear Trap in the Price Range beetwen 1.1100 - 1.1160. I my View we see new Highs in the EURUSD. First Target is the Area by 1.1250 In this Area is possible that Short Trades comes in the Market with Stops above 1.1270. But I see not potencial for a big downside move, which change the upward Trend. Speculative Trader goes Long and carefully Trader wait the Monday move and a confirm if we see stable Prices, after the Friday weakness. First Target 1.1250 and second Target 1.1350 Good Luck Michael
Long
by Michael_Frank
2
EURUSD Wedge timeHey hey! So far, we're on track. Attached find the yesterday's bounce-up-break-down idea. Now we're going to check whether we should sell (60%) or buy (40%). Why? The double top that was mentioned yesterday had been done perfectly, now the price is at an important key support level. In my opinion, the price will reach the grey line and then bounce back - the reason it's 40% buy only is because we have had a long going up and a bit of retracement is acceptable - or which is a bit more likely is to break down these levels and go further to 1.12 rough. I'll be updating you as soon as a trade will be placed. Tell me what you think in a comment.
by adamnkiss
1
EURUSD - Contradictions in one picture - Trading IdeaHey Everyone! Yesterday, we were buying EURUSD with a good 1:3.2RR win. Since then, my view has changed a bit. Let's look at this 1h picture. Reasons to buy: It's still going higher, making new highs and new lows (we call it an uptrend) The trendline is still valid and acted beautifully when it came to hold the price This retracement can be retest of the trendline, then we go up, up and away If you look at daily chart, according to price action it can still hit the previous shadow of 9 nov. Reasons to sell: I have seen it many times, making new highs and lows and then, out of the blue it just broke down with candlesticks like that On 1h and 4h we have a double top which is even more confirmation Candlesticks on 1h shows loss of control by the bulls All things considered, I will be monitoring this trading idea closely as this can be a bear trap as well - a moment when everything shows that it will go down but in the end it goes up - and I rather wait than jump in for no reason.
by adamnkiss