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Eursusd

#EURUSD approaching pivot, potential for a rise! Description Price has broken above our pivot level at 1.12984 which is in line with 38.2% Fibonacci retracement level and horizontal swing low support . We could potentially see a further rise from here towards 1.13828, which coincides with 127.2% Fibonacci extension level and horizontal swing high resistance. Finally, we can expect price to take support at 1.1261, which coincides with 78.6% Fibonacci retracement level and horizontal swing low support . This is further supported by how price is now holding below the Ichimoku cloud resistance. Pivot: 1.12984 Why we like it: 38.2% Fibonacci retracement level and horizontal swing low support 1st Support: 1.12610 Why we like it: 78.6% Fibonacci retracement level and horizontal swing low support 1st Resistance: 1.13828 Why we like it: 127.2% Fibonacci extension level and horizontal swing high resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets
2
EUR/USD - 700 Pips Down Potential!Hello traders, I bring you here an interesting view LONG TERM on EUR/USD. In this chart we can see EUR/USD is about to become a long time bear. We have a bearish cross on MAs, Broke an almost 2 year old support trend line and now after retest the trendline a Shooting Star Candle. This trade has big downside potential and for those who love swing trading will certanly appreciate this analysis. I personally am more of a Daily trader, but i spotted this oportunity and wanted to share with you all. If you find this post useful dont forget to leave a like :) See you on next trade, ForexAcademyClub
Short
by RodrigoFAC
1
EUR / USD: Dollar growth expectedSupport and resistance Despite leaving the downward trend, the growth of the couple may appear as a temporary reinforcement. The EUR pair can hardly show strong growth even further: the eurozone's economic problems are not solved, stimulus measures do not work, so the EU economy would not be quickly restore. The decline of the USD is possibly due to the change of the US Administration. FRS is still planning the rise in interest rates in stages, which will attract investors to the USD. So the investment of the upward trend is expected in the medium term, followed by a downward wave formation and the return of the pair to the downward trend. In the weekly chart the indicators confirm the expectation of the decline. The long position volumes of the MACD histogram are at the high level. The move to the levels of 1.0745, 1.0815 is possible. Support levels: 1.0705, 1.0655, 1.0610, 1.0570, 1.0520, 1.0480, 1.0435, 1.0400, 1.0350 Resistance levels: 1.0730, 1.0745, 1.0815, 1.0850, 1.0915, 1.1000 Negotiation scenario Open short positions at current level and pending short positions at 1.0745, 1.0815, with the target at 1.0480, and at long term 1.0350, 1.0000. Stop loss is at 1.0870. Recommendation to SELL Entry point 1.0693 Take Profit 1.0480, 1.0350, 1.0000 Stop 1.0870 loss Key levels 1.0350, 1.0435, 1.0420, 1.0520, 1.0610, 1.0655, 1.0705, 1.0730, 1.0745, 1.0815, 1.0850, 1.0915, 1.1000 Alternative scenario Recommendation LIMIT OF SALE Entry point 1.0745, 1.0815 Take Profit 1.0480, 1.0350, 1.0000 Stop 1.0870 loss Key levels 1.0350, 1.0435, 1.0420, 1.0520, 1.0610, 1.0655, 1.0705, 1.0730, 1.0745, 1.0815, 1.0850, 1.0915, 1.1000
Short
by Sandra1980