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Eurobears

#Euro Prices Volatile, Bears Can Take Over Below $1.0800Past Performance Euro recovered on Friday, but this formation doesn't swing price action to favor buyers. For now, sellers have the upper hand since prices are oscillating inside the June 23 bear candlestick. Besides, trading volumes are light, casting doubts on the strength of the uptrend. #EURUSD Technical Analysis Buyers are confident. Whether this will continue in the days ahead is if Euro bulls will press higher above $1.1000 in the days ahead. The primary support is $1.0840, marking June 23 low. However, on the lower end, bears can target $1.0800. Considering the current formation, sellers may find entries to short now that prices are inside the June 23 trade range. Any break above $1.1000 cancels this preview, with losses below $1.0800 and June 15 cementing the bearish forecast. What to Expect? The bears have the upper hand in the current formation. Even though gains of June 15, the anchor bar, have yet to be wholly reversed, the rejection of higher prices last week points to weakness. Therefore, conservative traders can wait for a clean break below $1.0800 or $1.1000 before loading in the emerging direction. Resistance level to watch: $1.1000 Support level to watch: $1.0800 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
#Euro Gains Constrained, Upside Remains above $1.0700Past Performance The uptrend remains, and the Euro could edge higher in the days ahead despite the long upper wick suggesting liquidation in the closing session of June 12. However, the bullish outlook remains provided Euro is above $1.0700 or June 8 low. #EURUSD Technical Analysis Technically, the path of least resistance is southwards from a top-down preview. Even so, following a 3.6% drop from April highs, Euro is finding support from the 78.6% Fibonacci retracement level of the March to April trade range. As such, the short-term preview is bullish, with the June 8 bullish engulfing bar anchoring this outlook. As it is, any break above June 8 highs at $1.0800, ideally with expanding volumes, may see the Euro float higher in recovery towards $1.0850 and $1.0950. Conversely, any dip below $1.0700 nullifies this optimistic outlook. What to Expect? Aggressive traders may look for entries on dips within the June 8 bar, accumulating as they expect gains from an effort-versus-result perspective. Provided prices are above $1.0700, the path of least resistance in the short term is northwards. Resistance level to watch: $1.0800 Support level to watch: $1.0700 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Euro prices flat-line above $1.0660, Bear Run Likely OverPast Performance Euro prices remain in consolidation within a tight range. From the daily chart, the least path of resistance is southwards, especially as long as prices are below $1.0770. Presently, USD bulls' momentum seems to be fading while Euro is finding strength above $1.0600. The results are balanced candlesticks with long upper and lower wicks, suggesting equilibrium. #EURUSD Technical Analysis EUR prices are inside the June 1 bull bar, an indicator of strength. From an effort-versus-result perspective, traders can find entries on every dip above $1.0660, targeting $1.0770 in the short term. However, for conservative, risk-on bulls, a close above the high of the high-volume, bullish engulfing bar of June 1 can offer better entries. Notably, the bar forms as EUR candlesticks print higher highs relative to the lower BB, suggesting that the downside momentum is waning. Still, as mentioned, a comprehensive breakout above the minor bear flag at $1.0770 can anchor the leg up toward $1.0850 in subsequent sessions. What to Expect? Buyers are confident as the downside momentum fades. Overall, traders are bullish, but this can only be confirmed once there is a follow-through, confirming buyers of June 1. As a result, the $1.0770 liquidation level is a vital buy trigger for optimistic Euro bulls. Resistance level to watch: $1.0770 Support level to watch: $1.0660 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Euro Ranges inside a Bear Flag, Support At $1.0660Past Performance Euro prices are lower as USD bulls found support. Technically, the downtrend remains. In the short term, the bulls of June 1 could shape the trend. For the uptrend to take shape, there must be a sharp, high-volume expansion above $1.0770 or June 1. Conversely, sellers would double down if EUR prices slip below $1.0660 and $1.0600 in the short term. #EURUSD Technical Analysis Broadly, EURUSD remains in consolidation as a possible bar flag forms. After a sharp sell-off, EUR briefly had support but failed to confirm buyers of June 1. Amid this sideways movement, there are clear support and resistance levels. Since the dominant trend is bearish, there could be entries for shorts, provided prices are below June 1 at $1.0770. Any unexpected surge above this level may see the EUR rally to $1.0850 and higher in the session ahead as the Euro recovers. Conversely, there could be more losses towards $1.0500 should prices break below $1.0600 at the back of high trading volumes. What to Expect? Sellers have the upper hand, but prices are confined within the June 1 bull bar. With clear resistance and support as a bear flag forms, conservative traders can wait until a new trend emerges, either above $1.0770 or below $1.0660. Resistance level to watch: $1.0770 Support level to watch: $1.0660 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro bulls slow down, Buyers Have A Chance above $1.0670Past Performance Euro prices edged lower on June 2, reversing most gains posted the previous day. However, while USD bulls appeared to have the upper hand, trading volumes were lower, solidifying the bullish outlook. Therefore, while bears are optimistic, June 2 losses could be reversed should Euro bulls step in today. #EURUSD Technical Analysis The path of least resistance is southwards, at least looking at the performance in the daily chart. After a near 3.6% drop from April peaks, there could be hints of strength in the near term. For now, the immediate reaction points for traders should be at $1.0780 and $1.0670, defining the June 2 trade range. For the uptrend to take shape, there must be an expansion above last week's highs, ideally with rising volumes. This would open up the Euro for a possible retest of $1.0850 in the medium term. Conversely, trend continuation favoring USD bulls will only be confirmed if there are losses below $1.0670 with high participation. What to Expect? Euro bulls are optimistic, but whether the reversal initiated from the second half of last week would continue depends on if there is a conclusive close above $1.0780. If not, USD bulls would likely press on, heaping more pressure on the Euro. Resistance level to watch: $1.0780 Support level to watch: $1.0670 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
Euro Shakes off Bears as It Bottoms Up, Bulls targeting $1.0850Past Performance There is a welcomed revival in the Euro following a worrying 3.6% dip from April highs. The long lower wick of May 31 was followed by a bullish engulfing bar on June 1, reinvigorating buyers. With prices above $1.0760, there is room for further gains in the immediate term towards $1.0850. EURUSD Technical Analysis Buyers are confident of the current formation, reading from the EUR price action in the daily chart. The June 1 bar is wide-ranging with decent volumes, suggesting participation. With today's fundamental event, buyers may add to their longs, extending gains and marking the Euro bottoms. As it is, this could trigger more demand as bulls from March and April resume. Notice that the Euro has support at the 78.6% Fibonacci retracement level of the March to April 2023 trade range. As it is, Euro, if the buying pressure is sustained, could float back to $1.1100 or April highs. What to Expect? The Euro could be in the early stage of a refreshing reversal if there is a follow-through of yesterday's gains. In that case, Euro traders can double down on every attempt lower above $1.0630 and $1.0760, targeting $1.0850 in the medium term. Resistance level to watch: $1.0850 Support level to watch: $1.0630 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Euro Sell-off, Was the Recent Drop to $1.0630 Climactic?Past Performance EUR price crashed on May 31, dropping to as low as $1.0626. However, the long lower wick at the end of the session could provide a glimmer of hope for bulls. Presently, the downtrend remains, and USD bulls are emphatic. As it is, the Euro is down 3.6% from May 2023 highs. #EURUSD Technical Analysis EUR prices remain in range at spot rates but within a bearish formation. Every attempt higher below $1.0740 may provide an opportunity for sellers to double down in lower time frames. The immediate target for day traders will be $1.0630, or May 31 lows. Conversely, if yesterday's bearish bar was climactic, marking the end of the recent bear run, there must be a comprehensive close above $1.0740 with expanding volumes. In that case, the EUR may bounce to $1.0850 in a welcomed recovery. What to Expect? Bears are dominant, and bulls are struggling to tame the drain. The drop of May 31 was with expanding volumes, and the range was relatively high. With prices inside the candlestick, there could be more sell-off waiting. However, considering yesterday's gains in the NY session, there might be some breathing space for optimistic Euro bulls. Resistance level to watch: $1.0740 Support level to watch: $1.0630 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Dumps As Sellers Double Down, Resistance at $1.0760Past Performance The reprieve of Euro bulls was quickly reversed on May 31 as the sharp liquidation ended attempts for higher highs and reversed gains. As it is, sellers are back in the picture, and yesterday’s highs at around $1.0760 will act as the liquidation line and resistance for aggressive short sellers. #EURUSD Technical Analysis The path of least resistance is defined and remains southwards, reading from the candlestick arrangement in the daily chart. Traders looking for entries should search for short opportunities in lower time frames. This applies if prices are below the critical resistance levels of $1.0760 and $1.0850 in the short and medium term. Even so, the rapidity of the sell-off has been decreasing in recent days as bear bars diverge from the lower BB. It could imply that the trend downside momentum is fading, dampening volatility. What to Expect? Sellers have the upper hand if the Euro remains below $1.0760 and $1.0850. Still, how fast prices will dump depends on if there is confirmation with a wide-ranging bear bar printing and forcing prices below yesterday’s lows of around $1.0680. Resistance level to watch: $1.0760 Support level to watch: $1.0680 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Finds No Relief, USD Bulls Press On Targeting $1.0500Past Performance From the EURUSD daily chart, it is evident that sellers are in control, taking charge. USD bulls have been relentless, and at this pace, EUR prices may easily slip to $1.0500, retesting March 2023 lows. Notably, the banding of bars along the lower BB suggests that the selling momentum is strong, indicating that there could be more losses in the days ahead. #EURUSD Technical Analysis Every attempt higher in the EURUSD chart, below the $1.0750 resistance line, could offer an entry for aggressive sellers angling for a retest of $1.0500. As it is, the candlestick arrangement strongly favors sellers who appear to be setting their eyes on March lows. Besides the alignment along the lower BB, the past few candlesticks have closed with long upper wicks showing that sellers have quashed all attempts for higher highs. As EUR breaks down lower in lower timeframes, traders could search for riding the trend. What to Expect? Without a sharp expansion above $1.0750, sellers remain in control. The downside momentum might not be as strong as last week. Still, EUR is under pressure and could continue posting losses in the session ahead since the candlestick arrangement favors USD bulls. Resistance level to watch: $1.0750 Support level to watch: $1.0500 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Bearish despite doji formation, Primary Support at $1.0700Past Performance Euro is bearish, and gains on May 26 were turbulent, supportive of sellers. However, with a doji forming and prices trending below $1.0760, there are hints that sellers could press on. Thus far, prices are around last week's lows at $1.0700 and could break lower in spite of today’s gains. #EURUSD Technical Analysis The short-term trend favors sellers. Resistance remains at $1.0760, and it is yet to be seen whether bears will press on, forcing prices below $1.0700 primary support. The doji bar on May 26 points to indecision and volatility. After sharp losses in the past two weeks, the Euro will likely bounce back, closing above $1.0760. Still, if this pans out depends on how prices react at $1.0760 in the short term. A sharp, high-volume close could see the Euro edge higher. If not, losses mirroring the recent pattern could heap more pressure on the Euro, sending it toward $1.0500. What to Expect? Sellers are firmly in control, but price action may favor short-term bulls. All this depends on if buyers will build from last week, expanding towards the $1.0760 reaction line. Resistance level to watch: $1.0760 Support level to watch: $1.0700 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Crumbles as USD Bulls Push On, Up Next $1.0500?Past Performance The immediate trend is resoundingly bearish and is apparent in the daily chart. Despite earlier attempts by Euro bulls, gains were quickly reversed as USD pressed on. As it is, there may be more losses today as price action aligns with last week's trend. #EURUSD Technical Analysis The sharp drop on May 24 shows that USD bulls are firmly in control. Prices are now trending lower, retesting last week’s lows meaning every attempt higher may be an opportunity to double down. Notice that bear bars are riding the lower BB. It points to intense liquidation pressure. Therefore, with prices dropping, traders may ride the trend as long as $1.0850 or May 18 highs hold. The short-term target is $1.0500, or March 2023 low. What to Expect? The trend is clear, and bears are dominant. As USD bulls push harder in a breakout, traders may position themselves for more losses as bears press on. This preview is valid as long as prices are below May 18 highs. Resistance level to watch: $1.0850 Support level to watch: $1.0760 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
Euro Remains Bearish Despite Gains, Resistance at $1.0850Past Performance Euro prices edged higher on May 22. However, bulls didn't peel back the losses of May 18. As such, the downtrend remains, and the bearish bar of the second half of last week shapes the immediate trend. Resistance remains at around $1.0840 while support is at $1.0760, marking May 19 lows. #EURUSD Technical Analysis Price action remains tepid, with no strong push above or below critical levels. Given the sharp drop of last week, sellers have the upper hand. Therefore, traders can look for shorting entries on every attempt toward $1.0840. However, if bulls push, and the expansion is bullish, engulfing with an uptick in volumes, Euro could rise towards $1.0950 in the short term. Conversely, any drop below $1.0760 and last week's lows may draw more sellers, confirming last week's losses. In that case, the Euro may drop toward $1.0500 in the days ahead. What to Expect? After sharp losses last week, Euro bulls started on a stronger footing in an expected correction. Even so, the correction won't last, provided $1.0850 is the immediate resistance, limiting the upside. From a top-down preview, the immediate trend is southwards unless there is a clear shift in price action in the daily chart. Resistance level to watch: $1.0850 Support level to watch: $1.0760 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Sell-Off Continues, Bears Step Up Targeting $1.0500Past Performance The Euro is dumping hard. From the daily chart, sellers are stepping up their liquidation, forcing the coin. Although yesterday's losses could be climatic, the bar is wide-ranging and defines the upcoming EURUSD price action. As it is, not only can traders target $1.0730 but also set sight on $1.5000 in days ahead. #EURUSD Technical Analysis Sellers are in the driving seat, and USD bulls are unrelenting. This formation is as expected as aligned in the weekly chart where sellers are confirming last week's losses. Moreover, bear bars are riding the lower BB, which remains diverged from the 20-day moving average, indicating intense selling pressure and high volatility. At this pace, and if today ends up lower, USD bulls may look to sell even more as long as prices are below $1.0850—or May 18 highs. In this case, the immediate target will be March 2023 lows at $1.0500. What to Expect? Unless otherwise there is an unexpected expansion reversing yesterday's losses, the downtrend remains, and sellers can continue dumping on every attempt higher toward May 18 highs. The short-term target at $1.0730 could be tested earlier as swing traders expect more drawdowns in the upcoming session. Resistance level to watch: $1.0850 Support level to watch: $1.0500 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro is Selling Off; Will Prices Drop to March 2023 Lows?Past Performance The Euro remains under intense selling pressure and is in a bear formation. USD bulls seem to be getting started, looking at the rapidity of the recent sell-off. From the daily chart, the immediate resistance level is at $1.0940 as sellers press on, targeting $1.0730 and $1.0500. #EURUSD Technical Analysis The sell-off continues, and USD bulls appear unrelenting. With the sell bars banding along the lower BB, price action suggests that bears have the upper hand with increasing momentum. As such, there could be unloading opportunities in lower time frames, provided prices are trending below $1.0940. At this pace, the Euro may drop even below $1.0730, especially if prices easily slip below yesterday's lows at around $1.0810. What to Expect? Sellers are in the driving seat, and the Euro is being dumped. From the weekly chart, there appears to be more legroom for bears to press on. There is a three-bar formation with last week's bar bearish, swinging price action to favor aggressive sellers. Resistance level to watch: $1.0940 Support level to watch: $1.0810 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
#Euro May Post More Losses, Upside Capped At $1.0940Past Performance The Euro remains under pressure and trickling lower. Sellers are unrelenting, looking at the performance in the daily chart. As it is, every attempt higher below $1.0940, marking May 12 highs, may offer entries for determined traders angling for even more drawdown toward $1.0730 in the coming sessions. #EURUSD Technical Analysis EURUSD is within a bearish formation following the double tops in early May. As it is, prices are moving lower, crashing below critical support levels as Euro prices recoil. Moreover, sell bars are riding the lower band, pointing to high selling pressure. This may allow sellers to search for liquidation entries in lower time frames. The neckline and an important support line traders should watch is $1.0730. If this level is lost, there is a high possibility of prices dropping further towards $1.0530 or March 2023 lows. What to Expect? Unless there is an unexpected expansion above May 12 highs with surging participation levels, USD bulls are squarely in control. Therefore, from an effort-versus-result perspective, sellers can continue looking for entries targeting $1.0730 in the near term. Resistance level to watch: $1.0940 Support level to watch: $1.0730 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Remains Bearish Despite Gains, Sell Trigger at 1.0840Past Performance Prices were in range by May 15 close. Even though Euro gained, prices are inside the May 12 bar, and sellers are in control. In the short term, the May 12 wide-ranging bear candlestick defines the immediate term. As such, key levels to watch would be 1.0940 and 1.0840. #EURUSD Technical Analysis In a bear breakout formation, Euro bulls have failed to push higher, reversing losses. Therefore, USD bulls are in control. As long as prices are below $1.0940, every attempt higher with lighter volumes may be an opportunity to dump, targeting 1.0840 and later 1.0730. Conversely, any confirmation of the May 12 bear bar, driving prices below last week's lows, will continue recent losses. If the breakout from the current thin consolidation is with rising volumes, prices could drop even further. However, if gains exceed May 12's highs with high participation, prices could rise to 1.1000. What to Expect? Prices are consolidating in lower time frames, and the immediate trend is undefined. The primary trend is bearish, and USD bulls are in control despite yesterday's rejection of sellers. If anything, the upper limit remains at 1.0940 and 1.1000, respectively. Resistance level to watch: 1.0940 Support level to watch: 1.0840 [ b]Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Dropping, Double Tops Confirmed As USD Bulls Target $1.073Past Performance Euro is under pressure and within a bearish formation, slipping below $1.0965. The downtrend is quickly taking shape, reading from the EURUSD candlestick arrangement in the daily stage. As long as prices are below the middle BB, traders can look to short, aiming at $1.0860 or lower in the short term. #EURUSD Technical Analysis Euro bulls are fading, and USD buyers are taking control. The inability of Euro buyers to reverse losses, preventing the bleed, gives determined sellers to press on. So far, prices are within a bearish formation as USD bulls target $1.0860 and $1.730 in the days ahead. Notice that bear bars are beginning to band along the lower BB, pointing to increasing momentum and volatility. This development also indicates that $1.1100 is the local peak, marking the double top. What to Expect? The bear bar of May 11 was extended, meaning volatility is high. Moreover, USD bulls are taking charge, forcing prices lower from the middle BB. With this, the EURUSD pair is distributing after an impressive expansion in the last two months. Based on this, sellers can look for opportunities to short in the days ahead. Resistance to watch: $1.0965 Support to watch: $1.0860 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
EURUSD Optimum shorting opportunity As you can see on the daily chart for EURUSD, there is currently a strong downtrend in motion and we are approaching trend line resistance in which we anticipate a lower high to be formed followed by continued downwards movement. The reason this is such an optimal trading opportunity is that we only need to risk 1% of the position with the stop loss due to the downtrend being broken if a further 1% movement to the upside is made. Thus, we are creating a much more favourable outcome for us in which the trend is most definitely our friend. I have not been getting many likes or followers from FOREX publishes and am very willing to publish more detailed and frequent trade plans and analysis if people follow. I am the unemotional, devotional trader.
by CryptOReilly
(Sell) EURAUD Technical Analysis for April 27, 2018Hello Traders, From Q1 2018, the Euro has been on a run. And yes, a nice steep run where buy holders are turning in a nice profit. There have been bumps along the way and that is normal. However, the thing is, stochastics are in the overbought territory and prices are likely to correct. Going forward, I shall recommend shorts in lower time frames because as it is, sell pressure is building up following periods of bearish divergence. In the weekly chart, it’s clear that this week’s candlestick has a long upper wick meaning sellers are stepping up. This is what we were expecting now that we have these lower lows relative to the upper BB and a stochastic sell signal in place. In the 4HR chart it’s obvious that sellers are in charge. In the course of the week we have seen these two humongous bear candlesticks that neutralizes bull pressure. This is on top of the stochastic sell signal with diverging %k and %d that is in place. My EURAUD trade plan is as follows: Sell: 1.6030 Stop Loss: 1.6100 Take Profit: 1.56, 1.51 Let me know what you think. Have nice trading day This TA was first published by Dalmas Ngetich at Forex.Today
Short
by Kipyegonn
(Sell) EURUSD Technical Analysis for April 25, 2018Hello Traders, From our previous preview of this pair, all we needed were lower lows and that we got as price action shows. As you can see, not only is there is a stochastic sell signal in the weekly chart but bears are capitalizing on that clear bearish divergence following an over-extension/EURO over-valuation by week ending February 2. However, that’s not all. There is a bear break out below the main support trend line in the weekly chart. This therefore means the only way of turning a decent profit is to trade with the trend and that means taking short positions in lower time frames. If bear momentum is strong, assuming we see a divergence of %k and %d in the weekly chart in the coming sessions, then we can enter shorts right away without expecting prices to bounce back as they do whenever there is a break out like this. In the 4HR chart, sellers are on the upper hand. Despite earlier bull pressure following a stochastic buy signal and a confirming candlestick, prices are fading that move. Conservative traders can wait for a break below 1.218 or this week’s lows before initiating sells but if you want to short now then you can with stops at 1.2250. Because of this inclination, my EURUSD trade plan will be as follows: Sell: 1.221 Stops: 1.225 Take Profit: 1.16 Let me know what you think. Have a good trading day!!! This Analysis was first posted at Forex.Today by Dalmas Ngetich
Short
by Kipyegonn