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Eurousd

EURUSD Price: Heightened Risk from a Strong Non-Farm Payroll RelEURUSD – A FURTHER BREAK LOWER IS LIKELY EURUSD remains in a holding pattern ahead of the latest US labor and earnings report with market expectations looking for a stronger release to support the US dollar at its current level. Recent US data has been strong, especially the ADP report and the ISM non-manufacturing/services composite release, and any upside beat in either the jobs or wages component today will hit an already weak EURUSD. Alternatively, a weaker-than-expected report will give the pair a small boost, but the underlying fundamental and technical outlook for EURUSD remains firmly pointed to the downside in the short-to-medium term. A look at government bond spreads between the two show the 2-year US Treasury now offering over 330 basis points more than comparable German debt, while in the10-year space, the US offers around 265 basis points of extra yield. The widening of this yield differential will continue to draw flows towards the US dollar. The daily chart shows support at 1.1509 broken – the late May/early June double touch – and the pair trading under all three moving averages. Fibonacci support at 1.1448 will offer some support ahead of the August 15 low at 1.1301. The downtrend from the September 24 high at 1.18154 remains in place. IG Client Sentiment shows that retail are 55.5% net-long EURUSD. See what this means and how it can affect trading decisions. EURUSD DAILY PRICE CHART (NOVEMBER 2017 – OCTOBER 5, 2018) EURUSD Price: Heightened Risk from a Strong Non-Farm Payroll Release Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide. What is your view on EURUSD – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author at nicholas.cawley@ig.comor via Twitter @nickcawley1. TO get more information and hourly alert analysis FOLLOW Our Profile- www.tradingview.com
by kabbo12
1
There is a possibility for the beginning of an uptrend in EURUSDMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.1300 would begin in Midterm. Trade Setup: We opened 8 BUY trade(s) @ 1.1677 (day close price) based on 'Vale & Two-day reversal candle' at 2018.08.27 signaled by DTO. Total Profit: 40 pip Closed trade(s): 0 pip Profit Open trade(s): 40 pip Profit Open Profit: Profit for one trade is 1.1682(current price) - 1.1677(open price) = 5 pip 8 trade(s) still open, therefore total profit for open trade(s) is 5 x 8 = 40 pip Technical analysis: There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the trough at 1.13005 on 2018-08-15, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. While the RSI support #2 at 46 is not broken, the probability of price decrease would be too low. A trough is formed in daily chart at 1.1525 on 09/10/2018, so more gains to resistance(s) 1.1740, 1.1840, 1.1925 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 55. Take Profits: TP1 = @1.1740 TP2 = @1.1840 TP3 = @1.1925 TP4 = @1.1995 TP5 = @1.2075 TP6 = @1.2205 TP7 = @1.2555 TP8 = Free
Long
by ForecastCity
EURUSD - Finally Bullish? Forecast for the next weeks.Alright so starting with the background color, those comes from a trend analysis algo that tells me if we are at bearish, bullish or reversal. We just left a reversal(orange) background followed by a green one, bullish, the one we are right now. This is a proprietary algo that takes price change in consideration, much like the renko technique. We just watched a bounce on the fibo 0% level, those support and resistance lines are plotted by the auto pivot system. Right now it's testing a slightly week resistance, and once breached we'll trade the highlighted range. This is a trade that allows a good snowballing, no matter the size of your position considering asset and timeframe. We had already a bullish warning and the bullish Specter Cloud briefly before the warning, another bullish indicator. The Specter Cloud predicts that the price should go back and touch 1.188 level again. So things are looking good for Europe :) If you want to check out the indicator that I used: hypester.org
Long
by spectertrading
1
EURUSD Flag Break Moving As ExpectedAlthough my long term view on EURUSD is that we will see a decline, I am trading smaller time frames in the interim. On the H4 time frame, I am expecting to see the completion of a corrective structure wave three, market with the blue arrows. From that point, I will be looking for a short trigger setup. Looking at the smaller picture, we can see a 3 wave flag which has broken to the upside, market with orange arrows. This should indicate the start of the next move upwards. I have market the key areas of supply that would come into play with red horizontal lines. The current corrective structure, in blue, does not have to complete at the level that I have indicated. It would be a valid completion of this structure by a break of the previous high at 1.1850 and could reverse at any point from there onwards. I expect to see a break of this structure to the downside after 3 waves have completed but it is possible that we will see a 5 wave formation. Contact me via direct message for any assistance required Happy trading! Linton
Long
by Linton_White
3
Short term Short Trade for EURUSD, Range playEURUSD have been ranging from 1.150 - 1.185. We have a very nearby swing high at 1.175. Until US Session is open, price might go back to this area, which could give us an opportunity short. Or, one could just chase the price now with a slightly higher risk as your Stop Loss is wider. Stop Loss placed at 1.186, slightly above the previous swing high at 1.185. The main reason for this is that the previous swing high is very near our current one. Sometime price can just shoot up back to that area to eat up the liquidity before heading back down again. Two level of possible TP zone, one at 1.1660 and the other at 1.1600. I think 1.1600 might be hard to hit without any source of news event as a catalyst. I will prefer to take my money at 1.1660. Whether or not you should take this trade depends on 1 thing 1) Are you comfortable with the wide SL at 1.1860 compare to the TP zone at 1.1660. If you find the SL to be too wide, it can be shifted to 1.1800. Of course the chances of hitting it will be much higher. It's all about risk management and personal preference. All the best! If my posts have benefited you, please help out by liking my posts and following me. Do visit my Patreon page. Thank you for your support. www.patreon.com
Short
by NimbusCapital
EURO:USD Market Open TradeCurrently the EURO:USD has started a down trend. We can support this fact by looking at the red squares on the chart we have lower lows and lower highs in the market so down trend is confirmed. Looking at possibly futures for price action our eurousd pair has an RSI over 60 percent based on that knowledge we can predict where this pair wants to head. The black line which is very unlikely is that overnight before 8:00 gmt when the market is still inactive, predicts that the RSI of the eurousd will reach above 70 and enter the overbought zone. This route is very unlikely before 8:00 GMT but once the market becomes active the likelihood will rise. The red line suggest that trend will break current structure support at the red line and then test the previous structure support at the orange line and ultimately fail. A break and close above the orange line would suggest a bullish reversal which is highly unlikely especially with the ECB taking a dovish stance on rate hikes. The blue line suggest that because of the markets previous bullish bounce from the support at the 1.6134 the retrace will occur within the next few candles allowing the bears to resume control of the eurousd market possibly pushing the trend down to 1.61500 levels. This route is very likely because the RSI is approaching "Overbought on the 14day and 10 day RSI", the market is currently at the start of bearish reversal that occurred last week after our long impulsive move down. Our trend is creating lower lows and lower highs indicating the bears are in control. Our job has traders is not to tell where the market is going but to make predictions based off facts and analysis.
by hiltonmow
EURUSDHi guys,let's look at this chart and find out what is time to do? Usually it's a good season for EUR but as you see in chart we failed to break resistance above again and dropped from another bearish wedge,now we are in back testing it stage and if we can't achieve we will drop more to around lower support at 1.153.But before any targeting or enter trade i need to see this situation more clear.EUR need to decide what want to do,honestly i expected a better price actions and bullish reversal in this stage but we are still in try in this range and couldn't achieve lot but i have hope to this stage we earn more.
by Peymana71
EURUSD Fibonacci Support Resistance Zones: EU as of Jul 1Updated from my last Zones posted, linked below in Related Ideas. Some new zones became apparently with the recent moves. But all in all, the sideways move was keeping to the zones quite precisely These zones are calculated using Fibonacci Ratios of past price moves. Fib extensions and retracements are projected forward in time and price. If price bounces or reverses, it will probably do so at one of these zones. Some zones will match previous highs and lows, since Fibs are derived from the extremes. Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones. Zones that are far from current price will be either WIDE or just a LINE. Just a line indicates important Fib Ratio. Where prices overlap on the zone lines, drag the Right (price) Axis up to magnify and reduce overlap vertically. There are zones above and below the current price range, Drag the Chart up/down to see other zones. Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame. I will update as new zones are defined by upcoming Fibs.
by EuroMotif
6
EURO rally with USDThe EURO has rebounded on the fib retracement 78.6% (1.15$) and has already left the support-zone to the top. Hence it has entered the next wave - leading to prices above 1.20$. In that area we see a crossing point from a horizontal trend line and another descending trend line. RSI and MACD have turned, with the trigger line above the signal line (orange). Much way to go before they´re reaching overbought areas. Fundamentally the EURO should be weak, because it´s not very probable that Draghi will tighten the quantitative easing in next time; meanwhile the FED has already done some steps in raising interest rates and has announced some more in this year. Therefor I expect the rally of the Euro to be short and I expect it to fall against the Dollar at the latest in autumn.
Long
by Luettis