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EURO-USD

EURO USD : RETEST OF CHANNEL RESISTANCE THEN BREAK TARGET $1.65EURO USD is looking pretty good on the MACRO. A break of the channel was attempted but failed. I believe a retest of the rising trend-line within the channel is possible without a break below but if it breaks below we may retes the bottom of the channel support before moving up and breaking out of the channel. I dont think that is what will happen because the MACD has a fresh curl up, RSI is curling up it looks like a move up is incoming. This is not trading financial advice this is just my opinion. Thank you.
Long
by Bitgolder
EURUSD LONG TO $1.44 (2 WEEK TF)I believe EURUSD is currently at a very crucial point and at a very important price point. For the past 7 years, the market has been correcting itself between a range of $1.255 and $1.033. According to the Elliot Wave Theory, the corrective phase (Wave 2) now seems to be complete. This should be followed by an impulse wave soon which would mark the beginning of Wave 3. This here is a swing trade and will be held long term, between 2-4 years. This is a long term investment and should only be taken if you can afford to hold an investment for such a period.
Long
by BA_Investments
2
EURUSD: The Next Price Action to WatchEURUSD has been moving in a long-term bearish trend. Currently, the price is moving within a bearish flag channel from the new low of 1.0350. As we forecasted in our previous EURUSD analysis, the price fell from 1.0750 resistance area to retest the support level of 1.0650, then followed by a rise back to the 1.0750. From the chart, we can see a neckline which has been created at 1.0650 level. The price was rejected from the 1.0750 resistance level, forming a bearish engulfing candlestick pattern in the 4-hour chart. We can also spot a bearish divergence in RSI . Therefore, we will carefully observe the price action to see if a reversal pattern would be formed. If price breaks above the 1.0750 level, then the next resistance area is the 1.0800 level. For a price reversal, the price needs to at least break below the neckline level of 1.0650. A potential head and shoulder pattern could be created if bear takes over the place. Check out our recent trading idea below :)
by NicoBeau_Capital
EURUSD: The Next Potential Sell Zone After a Retracement After breaking down from its recent horizontal channel, EURUSD has arrived at a new yearly low at 1.0350 level. Therefore, this makes the downtrend still very valid and we will continue to look for sell positions after a retracement. From the yearly low, we can see the price formed a bearish flag channel. The price recently has broken the neckline of the double bottom pattern within the bearish flag channel. This could indicate the beginning of a price retracement. Therefore, our first area of interest to enter sell positions is at the previous support area of the horizontal channel, which is the 1.0480 level. From that level, we will watch for a consolidation/reversal pattern and then enter to target the yearly low of 1.0350
Short
by NicoBeau_Capital
EURUSD: Time For Pullback Next Week?! 🇪🇺🇺🇸 Hey traders, As I predicted, EURUSD dropped again this week. Now the pair is approaching 6-years-low. Next week look for a confirmation on lower time frames to buy expecting a pullback. The pair is heavily oversold so correctional movement will be highly probable. Have a wonderful weekend! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
18
Formation of a Parallel channelThis study is not a trade suggesion, it is only my opinion on the basis of my belife and study. EUR-USD is working in a parallel channel since 4th of march 2022 now its on the verge of a breakdown/reversal . lets wait and watch for a perfect timing to enter. post your opinion in comments below - Wheather it going to bounce back into channel OR Will it breakdown further your every opinion will be answered... please share your thoughts.
by Abhi_The_Chart_Reader
EURUSD is at an Important Support Area; Halt Sell OrdersAfter retesting 1.0930 level, which is the price area right before a 130-pip drop caused by the annoucement at ECB interest rate decision, EURUSD has continued its downtrend and reached a new low at 1.0650 level. This is an important support level, as we can observe back in March 2020 that after price reaching the 1.0650 level, a strong bullish momentum immediately took place, skyrocketing this pair by more than 400 pips back to 1.1100 level. The bullish pump might not occur exactly again at 1.0650 level this time but this level is definitely an important support zone where bullish momentum could easily step in. Therefore, we halted our sell entries and will wait for a potential retracement/correction first before continue selling the down trend.
by NicoBeau_Capital
EURUSD presents short-term buy opportunityEURUSD to continue bearish however presents short-term buy opportunity. Fundamentally, the EURO continues negative outlook especially based on last week’s central bank meetings. While the US dollar is overall positive, data released this week showing higher inflation and unemployment dropping, along with good employment numbers. However, from technical perspective, EURUSD presents short-term buying opportunities as shown above, imbalance to be filled before continuing lower as EURO sells-off against the strong US dollar.
by lwl99
EUR/USD -14/4/2022-• As discussed in my previous posts, target was met just at the long term ascending trend line • Bulls have a double bottom pattern now and are more convinced • Which made the pair gain almost 100 pips in a single day • Bears are still hopeful that this is just a corrective move and are waiting for better prices to short again • Bulls are now targeting 1.09, 1.0940 and 1.10 • It is important to note that this move could be related to bears willing to stay put only because the ECB event is around the corner • FED-ECB policy divergence to be watched to determine future direction
by RamziAbouAbdallah-CMT