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EURO-USD

EURUSD: realtime trading opportunity (Cypher/ABCD/Fib)Hi Freedom Traders, I spotted a pretty good trading opportunity in the 4h EURUSD chart. Why do I like this swing trading idea? Well... a Cypher Pattern completion, an AB = CD Harmonic Pattern and a 61,8 Fib confluence from the bigger timeframe up swing coming together in a very small price zone of just 7 pips. You will find possible entry und exit levels for minimizing risk and maximizing profits in the chart. Happy Trading! P.s.: the entry level is also going to be my profittarget 2 level for my short swing trade in the Euro from 1,0812
Long
by trading4freedom
4
EUR/USD BullishFrom a fundamental perspective, USD data was mixed, if not slightly weak after NFP. Additionally, Russia and China just signed a deal signaling that they will move away from using the USD for their trade with each other. At the moment that's more of a symbolic move, but symbolic moves still change charts. From a technical perspective, late December/early January of 2015/2016 is a key time to look at for this pair. Very important examples of resistance and support there that outlined where I dropped my demand box. EU should follow the bullish trendline, but might slightly fake-break it, as it's done a couple of times recently. Still, the pair is on a bullish trend and has both near-term and long-term reasons that the lower 1.07000s should be a support zone.
Long
by haylettc
EU coming in short... The first thing you might realize here is the fact that we are looking at this chart from quite a distance. That is for a reason, the following idea is one that would take place over a long period of time (hopefully). As we all probably know, the EU has economic issues that are far beyond repair (a not united fiscal policy center), examples of what could happen in the future have already happened before. You need not look far, what happened after 2008 in Europe was a small version of what could happen in the future. Although I don't enjoy looking at the world through this lens, it is inevitable and quite stupid to ignore it. Unless they figure out another plan, EU's fall is in the near future. I urge you to do your own research on this, as it is something that I alone am not qualified enough to assure you of. Good Luck! P.S If you want, I can make another letter describing exactly why I think shorting is a good idea, but it should be quite evident when you look it up...
Short
by UnknownUnicorn535733
EURO/USD - Watch The Breakout - Final Days Of 2016 PipsHi Traders, We continue to monitor EURO/USD for a breakout. As you can see price has not been able to settle above the key resistance line (Blue) however price has advanced in an upward direction finding support on the lower trend line (green). We feel a catalyst is required for price to breakout and we have 3 opportunities this week for price to breakout. Today we have US Consumer Confidence which is expected to be bullish. Tomorrow we have US Unemployment Claims which are expected to be bearish. Our view is that technically price is in a bearish trend and thus we feel more inclined to sell the Euro than to but it. With that said we cannot rule out a larger correction spurred by negative US economic news. Our advice is to set alerts on the Resistance line and Support line and to take your trading direction on price breaking out of either of these lines. You could also trade the range with small stop orders on either line a sell on the resistance line and a buy on the trend line. We'd risk 10-20 points at most for this style of trading. We wish you luck traders and hope you can close the year with a decent amount of points on a breakout. Trade brave.
by EuroDollarExpert