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Eurusd1hr

EURUSD| potential Buy opportunityAfternoon Trader, As we can see we have had weakness from the dollar, price action has been pushing up very well in favour of the euro, I've highlighted my area of interest ideal if we have a push down into this area i will be looking for an entry long as illustrated, given if price action confirms the entry. Alternatively, we may get a break of the lower highlighted area, if we have a strong bearish break and continuation I will be flipping my bias for a potential short. let me know your thoughts, thank you.
Long
by NK008
EURUSD| GO LONG OR GO SHORTGood morning Traders, price action is proving resilient and is suggesting it may create a deeper channel, will it complete the channel and push out with a strong bearish close or will it just continue ascending upwards, is the main question I will be asking. In my view of price action, I see further upside because we still have some buying power within the markets, until we have a real sell off and push away, I have highlighted areas of interest but we just may continue in this corrective range. nonetheless I will be waiting for price action to confirm. let me know your thoughts.
by NK008
2
EURUSD| my thoughts on Friday?Evening Traders, this pair has been stuck in a bit of range for me, although it seems we still have plenty of buyers in the market, this being confirmed by the large bullish candles every time we have a sell off, Price action may potential pierce the top of the 1.14410 area before market close or potentially my do so during the Sunday market open. either way i will simply wait for confirmation from price action. couple scenarios for you all to consider: 1) seeing as we are now in the later part of the session on a Friday afternoon i imagine we wont get much in the way of any real momentum, as you can see i have ray line at the 1.1490 level which we are charging towards if we have corrective move up into this level with a rejection of this area potentially we may have interim short position, that is if price action confirms it. 2) we could have a bit of a spill out, price action pushes out to the side and potentially forms the start of a descending channel during next weeks session, this then potentially breaks to the upside potentially giving us some trade opportunities. let me know your thoughts, if you agree or disagree. Thank you.
by NK008
EURUSD is under selling pressureEURUSD As the corona virus cases surging in European region the stocks and indices are falling down and the investors are selling off their portfolios Recently the Euro got more weakness due to this And ECB is trying to provide additional stimulus package to cop up with the outbreak EURUSD is trading in a downtrend channel After reaching the 1.09781 level which is also a 61.8% Fibonacci its started falling towards 1.09100 which is 78.6% Fibonacci Currently this 78.6% Fibonacci is acting as barrier for the bull We can open short positions at this level Potential take profit will be 1.07540 Stop lose may placed above the 1.09800 level Leave your valuable comments below EURUSD - PIVOTAL POINTS PP 1.092 R3 1.1282 R2 1.1164 R1 1.1038 S1 1.0795 S2 1.0677 S3 1.0552
Short
by forexorbit
EURUSD LONG: HOURLY TARGETS PREDICTIONS On Larger Time-Frames (4 Hr upwards) USD (DXY) isn't on top 3 of the weakest Currencies though this could change. AUD has been the weakest for Days, Weeks, and Months. Highly unlikely DXY will achieve such weakness to aid upside rally on EURUSD. Without ignoring preceding EURUSD predictions posted on this channel, immediate view of Price-Action has the following probable predictions of EURUSD Long targets. Earlier Prediction Link: Like, Share, Follow, and Support this channel for yet better content. Thank you and happy trading.
Long
by legacyliked
EUR/USD fails to break through 200-hour SMAEUR/USD fails to break through 200-hour SMA As it was projected yesterday, bulls did not succeed to push the Euro through second combined resistance barrier formed by the weekly S1 together with the 100- and 200-hour SMAs. Accordingly, the pair made a rebound and started moving back to the monthly PP. From daily perspective bears are still expected to keep their dominance. However, on hourly chart it seems that without an additional impulse the currency rate might fail to slip below the 1.1917 mark, thus extending horizontal movement for another day. As regards an allocation of pending orders in 50-pip range, then more than 60% of them are set to sell. In the meantime, an aggregate of various technical indicators supports possibility of another rebound, suggesting that tomorrow the pair should resume an upwards movement.
by UnknownUnicorn890690
EUR/USD slides towards 1.20EUR/USD slides towards 1.20 New trading week the common European currency started with depreciation against the American Dollar. The downward movement was partially driven by a one week-long inverse head and shoulders pattern and partially by a recent bounce off from the two-year high located at the 1.2093 level. However, today the plunge most probably will be stopped near the bottom trend-line of a medium scale ascending channel, which is additionally backed up by the updated weekly S1 at 1.1992. If a rebound occurs, the pair will resume the surge trying to hit combined resistance level formed by the weekly PP at 1.2040 and the 55- and 100-hour SMA.
by UnknownUnicorn890690