EUR/USD: High position short
Today's impressive PMI data released by the Chinese government has led to a significant influx of funds into the renminbi in the international market, causing the US dollar index to suddenly fall. This is clearly a short-term impact and will not fundamentally change the overall situation. Therefore, after the abnormal market volatility dissipates, the market will return to its original rhythm.
As for the operation of the US dollar index, the short-term level is still judged as looking for opportunities to buy on dips. Correspondingly, for the EUR/USD currency pair, it is recommended to short at the high point and combined with
market analysis, the following suggestion is given:
Short position recommended in the range of 1.0640-1.0660, with targets at 1.0620, 1.0600 and 1.0580.
FX:EURUSD TVC:DXY FX:AUDUSD FX:USDJPY
Eurshort
EUR/USD: Sell on Highs
Yesterday, X made it clear that the impact of news is only short-term, and once the energy is depleted, it will return to its original pace. So far, this view is correct. The current market trajectory has begun to gradually recover, which will also help predict future trends.
Since the market has gradually started to recover and entered the original operating rhythm, the trend of the US dollar index will also be relatively easier, after all, the overall direction is still bullish, while EUR/USD is bearish.
In summary, it is recommended to sell on highs for EUR/USD today, combined with the market conditions and the following suggestions:
Short at the range of 1.0660-1.0670, with a stop loss of 20 and targets at 1.0640, 1.0620, and 1.0600.
FX:EURUSD
EURUSD WILL FALL BACK TO 1.050 THIS WEEKTHE EURUSD may make a correction up to the area around 1.060 or even a little bit above that. but the overall trend is down so the price will fall this week to the price area around 1.050 or even lower!
that's what I believe! what about you guys? what do you think ??
do you agree or not ??
EUR/USD: PCE surprises higher, go short!
Euro/US Dollar.
Today the overall trend for the US Dollar Index is bullish, corresponding to the Euro-American currency, it is recommended to short at high levels. Based on the market conditions, the following suggestions are given:
Short at the 1.0560-1.0570 range, with a stop loss of 20 points, and targets of 1.0540, 1.0520, and 1.0500.
Here is the analysis:
Last Friday, the US released the January PCE price index data, in which the year-on-year PCE price index in January was higher than the previous value and the estimated value, and the core PCE price index was also higher than the previous value and the estimated value.
This indicates that domestic inflation in the United States rebounded significantly in January, causing the PCE index to rise. Not only the ordinary annual rate and monthly rate increased, but also the core annual rate and monthly rate increased. This phenomenon is very abnormal. Although the Fed has been continuously raising interest rates and interest rates have been rising, this tightening policy will undoubtedly damage the economy. However, in order to control inflation, the Fed can't do much, so they can only raise interest rates quickly.
Affected by this, the US Dollar Index has been continuously rising recently, and the trend in the near future has basically been determined to be in the direction of an uptrend. In terms of operation, the short-term trend is mainly bullish on the US dollar, so we should buy the US Dollar Index at low levels and short non-US currencies at high levels. This is the main operating strategy for today, for reference!
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FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
EUR looking sh** tbh, not the best Xmas coming for Euro ZoneHey guys, will start posting again, generally my two cents on EUR/USD it is not really looking good now, looks like we are going to go down and generally looking at the way everything is going S&P500 is also going down so, maybe a short trade here or just move your money away from EUR for now, but let's see.
Solid Pin bar - Short the Euro Pin bar rejection indicates a change of direction back into the long term down trend I forecast some years ago, see ideas below. A lower risk trade would be to wait for a 50% retarcement of the Pin with the stops just above the pin bar. Negative news out of the USA is going to increase rates (and 10year yields) which is going to support the DXY bulls and therefore send the USD back to the highs.
We're still in a downtrend on the USD, but are we oversold or is there a long way to fall?
EURAUD - 1H - SELLWinter is coming and we will see the weakening of the euro .
The price has changed from an upward phase to a downward phase, and this downward trend can also be a correction for a major upward trend.
Therefore, it is better to exit the trade at the first profit tick and pay attention to the range of the specified areas.
Do not forget about risk management and check the amount of risk in your account before each trade, because it is better not to trade than to lose.
Golden Dragon
EURUSD : Selling On RetracementEURUSD – SPOT: Selling On Retracement & After Price Action Signal
Price Action: Price formed a Bullish Pin Bar Signal late last week (We are not considering trading this signal).
Price moved briefly higher from the prior Bullish Pin Bar Signal that had formed on Thursday, Sep 29th (We did not consider trading this signal, nor did we mention it).
The recent Bearish Inside Bar + Pin Bar (Combo Setup) that had formed early last week, failed (We did not consider trading this setup).
Potential Trade idea: We are considering selling on a retracement higher and after a price action sell signal, whilst price remains under the 1.0051 – 1.0198 short-term resistance area, which concedes with the recent Bearish Pin Bar Signal that had formed on Monday, Sep 12th (Currently Active).
EURUSD : Bearish Pin Bar SignalEURUSD – SPOT: Selling On Retracement whilst Price Remains Under Recent Bearish Pin Bar Signal
Price Action: Price formed a Bearish Inside Bar + Pin Bar (Combo Setup) overnight (We are not considering trading this setup).
Price exploded lower from the recent Bearish Pin Bar Signal that had formed on Thursday, Sep 22nd (We suggested selling on a retracement higher to within the range of this signal in the Sep 23rd, members daily newsletter).
Potential Trade Idea: We are considering selling on a retracement higher and after a price action sell signal, whilst price remains under the 0.9863 – 0.9950 short-term resistance area, which concedes with the recent Bearish Pin Bar Signal that had formed on Thursday, Sep 22nd.