EURO USD, LONG ENTRY HAPPENING NOWEuro is met with a lot of buyers upon open. Looking to go long and continue buying through out the week. Look for this trendline break in the next few days. London sessions is approaching. Wait for London to open and enter one the pullback. Or if you really want to be safe wait until US session tomorrow morning. to each there own. If your not in the mood for placing some trades I would sleep on this long. This isnt a long term play just a quick scalp for the next 2 or 3 days. Happy Trading Stay tuned for some updates. Chow!
EURO-USD
The primary trend remains bearish on EURUSDEURUSD - Intraday - We look to Sell at 1.0131 (stop at 1.0207)
The primary trend remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 1.0150. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 0.9952 and 0.9900
Resistance: 1.0150 / 1.0370 / 1.0800
Support: 0.9950 / 0.9800 / 0.9700
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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EURUSD Euro 20-year lowIf you haven`t shorted the EURUSD here, when i was telling you that
"The European Union rely on Russia for almost 38% of their imported natural gas;
Germany gets about 50% of its natural gas and coal from Russia, and a third of its oil;
German economy was by far the largest in Europe":
The you should know that the Euro plunged to a fresh 20-year low as investors fretted about the energy crisis.
Russia will not restart gas supplies to Europe through a key pipeline until western sanctions are lifted.
OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day.
My target for EURUSD pair is 0.9673.
Looking forward to read your opinion about it.
Primary trend remains bearish on EURUSDEURUSD - Intraday - We look to Sell at 0.9970 (stop at 1.0033)
The primary trend remains bearish. A firmer opening is expected to challenge bearish resolve. Resistance is located at 0.9980 and should cap gains to this area. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 0.9826 and 0.9800
Resistance: 0.9980 / 1.0320 / 1.0800
Support: 0.9825 / 0.9750 / 0.9700
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
EUR/USD will take longer to have a Retracement. SHORT The EUR/USD will take longer to have a pullback, yesterday the price close with a Bullish candle, this last one is an Inside bar, decisive will be the reaction of the market today or tomorrow. Looking at the main trend, the price is still in a strong Downtrend, and the price after a Pullback on the previous 50% Fibo level dropped dramatically over the EVEN with the Dollar. Stochastic and RSI are both in Bearish mode and all the clues are for a continuation of this tendency.
EUR/USD: Price continue to falling down After- SHORT SetupThe price Match exactly our previous Analysis and our first target is take at 1.00 now looking at the chart , the price after a Pullback on 61.8% Fibo in the resistance area with the complicity of the dynamic Trendline plus the 100 Moving average seems be strong to continue to drop more following the maintrend and touching the value 0.98 , our second take profit.
EURUSD - BULLISH MOVE ON THE WAY TO $1.12💥EURUSD is slowly but surely approaching the end of its downtrend. Despite being in a bear market for the past year, wave structure is signalling the end of this trend, as we get closer to forming a bottom soon. According to the Elliot Wave Theory, we should now be in the final bear wave (Wave 5), made up of 3 sub-waves (I-II-IV).
This correlates negatively to the Dollar Index which is a positive sign for our EURUSD long analysis. As DXY starts forming its top, we expect GOLD and EURUSD to form a bottom and get ready to resume their uptrends🚀
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EUR/USD: Short from 50% FIBOPullback Trendline Resistance SHORTAlso for EUR/USD our Analysis comes true with the EUR after a Pullback on the 50% Fibonacci with the confluence of the Dynamic trendline and the Resistance area continues his falling following the Main trend. The Setup as we showed is a Pure Swing trading. The Stochastic seems ready to drop in the range area after the Overbought scenario and the RSI after a Divergence is still on the Bearish side.
EUR/USD aiming to test below parity again?EUR/USD has broken consolidation range support near the 1.01 figure after a rebound from July lows faltered near the 1.04 handle. This is where a downward-sloping trend line from February 2022 is bolstered by a former support zone dating to mid-May, now recast as resistance.
The breakdown seems to set the stage for another test below the parity threshold, eyeing support in the 0.9950-96 area.
Neutralizing near-term selling pressure seems to demand a convincing return to 1.02. A broader bullish reversal with follow-through potential probably demands reclaiming a foothold above 1.04.
Euro - USD | Shot Bias to Parity Forecast and Pre UK Open In the third week of August, the euro fell to approximately $1.02, as rising fears about an economic slowdown, particularly in Europe and China, and hawkish views by certain Fed members drove the dollar higher. The euro has been trading at parity since early July, as there are growing signals that the Eurozone economy is entering a recession at a time when inflation is still at record highs, the energy crisis is far from finished, and the ECB is preparing to raise borrowing costs further. Germany must limit its gas use by one-fifth to avert a devastating shortage this winter, according to the nation's top network regulator, and the country is nearing the third stage of an emergency plan that involves gas rationing to businesses. Meanwhile, the ECB is expected to raise rates by 50 basis points in September. The Euro Dollar Exchange Rate (EUR/USD) achieved an all-time high of 1.87 in July 1973. The euro was first launched as a currency on January 1, 1999. However, a weighted average of the prior currencies may be used to mimic synthetic historical prices going back much deeper. EUR/USD statistics, projections, and historical charts were last updated in August of 2022.
The Euro Dollar Exchange Rate - EUR/USD is expected to trade at 1.01 by the end of this quarter, according to our global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.98 in 12 months time.
EUR/USD:DOWNTREND | PRICE ACTION ANALYSIS | SHORT SETUP 🔔 Good Morning traders. Update on the analysis EUR/USD
Price it's inside a bearish channel where react with a rebound in a fibos levels of 38.2% highest swing and seems to give a clear signal of short. We can see a reversal bearish pattern of Head & shoulders formation. We think about a level price retest around 1.01500 / 1.0200 before drop definitely down.
EUR/USD: The Big Bet?Well, it might not be George-Soros-like but there is definitely some potential with these two currencies! After only slightly moving below our target zone, the Euro is set to pick up pace in its effort to regain grip over the Dollar. Its first test will be the resistance mark at $1.14948 which we believe the Euro should manage to overcome. Form there, the next resistance and the target zone to the north should be more easy to reach.
EURUSDEU appears to have balanced after that massive fall to parity we have been trading sideways and building up the VP, I think the 1.00 level will likely be held short term, we can aim for an aggressive imbalanced move to the upside, we have an inside bar as price action which typically appears in imbalanced moves.