EURUSD Two simple scenarioCurrently the Euro is moving sideways vs the US Dollar after a really strong uptrend from its bottom in March 2020 until the beginning of 2021. It is moving sideways, however it has lost some key levels and the uptrend seems exhausted. It went from Yearly R1 to Yearly P and bounced hard, playing the key pivots very nicely. However now it is breaking below the 300 DMA and another test of the yearly Pivot could give a short term bounce but nothing more than that. So to me the price either has to slowly go up after having a little dip here or if it start breaking lower, the real target is 1.15
Eurousd
Euro/Usd : Likely to continue in the same 100 pip range Speculative sentiment index is around 25% hence our advise is to find only long scalp entries in smaller time frames . Price likely to continue in the 100 pip range (1.2130-1.2250) with a minor support around 1.2100 ( EMA 50 area) . Breaking 1.2250-70 range top will push the price towards the major resistance around 1.2370.
Trend : Range
Signal : Long Scalp in 1.2130-1.2250 range
EUR/USD:UPTREND+BULLISH CHANNEL AND FLAG PATTERN | LONG SETUP 🔔The EUR/USD came under a strong bearish pressure during Thursday's American session and touched the low from May 17 at 1.2130.
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Euro/Usd : 100 pip daily range likely to continue Stop hunt spikes near 1.2250-1.2310 handle is possible since the speculative sentiment index is around 20% and price is consolidating in a 100 pip rage. Upside breakout is unlikely with lack of catalysts- data numbers and holiday. An eventual test to 1.1975-1.2050 area in possible before any further gain.
Trend : Range
Signal : Short Scalp 1.2250-1.2310
Stop Loss : 1.2360
Target : 1.2150-1.2050
EUR/USD:UNSTOPPABLE EURO-BUY LIMIT REVERSAL ABCD PATTERN SETUP🔔UNSTOPPABLE EURO GROWING FAST ! ! ! ! BUY LIMIT SETUP ON ABCD PATTERN
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bullish bias on EUPrice is in a bullish daily channel .also it is above EMA 200 so it is bullish .In daily time frame we can see that 1.2000 support the price and push it up.
So i have a bullish bias on EURUSD first tp can be 1.2250 the next one is 1.2350 and if price breaks this level then can reach to 1.25000.
pay attention to news of this week .