Get started

Eurusd1hr

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
EUR/USD rebounds from 1.2005EUR/USD rebounds from 1.2005 New trading session the currency exchange rate started with a rebound from alleged support zone located between the 1.2005 and 1.1992 levels. Until release of information on employment change in the United States the pair is expected to spend fluctuating in a two-day long junior descending channel whose boundaries are covered by the 55- and 100-hour SMAs. Due to existence of the above support area and the medium scale uptrend the Euro is expected to continue to appreciate against the Dollar tending to reach and test the two year maximum at the 1.2100 mark. In general, there is a need to keep in mind changes in traders’ sentiment, which is becoming too bearish that in nearest perspective might lead to a new turnaround.
by UnknownUnicorn890690
EUR/USD fails to bypass 1.1880EUR/USD fails to bypass 1.1880 The first trading day after Christmas the currency exchange rate started in a resistance zone located between the 1.1865 and 1.1876 levels. Because of an empty economic calendar and decreased liquidity the pair is likely to continue moving horizontally. In short the term, the rising 55- and 100-hour SMAs most probably will stimulate the rise of the Euro against the Dollar. However, in larger perspective the exchange rate is expected to keep moving downwards due to inability to bypass the 61.8% Fibonacci retracement level located at the 1.1887 mark. In support of this assumption, 54% of pending orders in 100-pip range are set to buy, while the aggregate market sentiment is 67% bearish.
by UnknownUnicorn890690
EUR/USD surges to 1.1850EUR/USD surges to 1.1850 Despite the fact that tax bill passed through the House, the currency exchange rate continued to move upwards and ended the day in the previously specified resistance zone located around the 1.1845 level. The further advance of Euro is possible, even though it is unlikely to exceed the 1.1860 mark, as this area represents location of the upper-boundary of a one-month long descending channel. A plunge below the monthly PP at 1.1806 is also doubtful, as it is additionally secured by the rising 55-, 100- and 200-hour SMAs. On the other hand, there is a need to take into account that there are scheduled no fundamental events for today except for the final vote in Senate. Unless the Congress sorts this issue out the fall of the rate may not even exceed the 50% Fibonacci retracement level at 1.1825.
by UnknownUnicorn890690
EUR/USD plunges amid tax reform progressEUR/USD plunges amid tax reform progress Due to bearish pressure exercised by the 55-, 100- and 200-hour SMAs the currency exchange rate ended previous trading session below the 38.2% Fibonacci retracement level at 1.1760. In result of this movement, the pair broke through the bottom boundaries of two junior ascending channels. Despite the minor recovery of Euro the downward movement is expected to continue, being mainly driven by optimism surrounding tax reform. From technical perspective, the surge of the Euro should be neutralized by a combination of the above moving averages together with the updated weekly PP at 1.1777. In case these barriers are broken, the rate would still have another resistance line set up by the monthly PP at 1.1807. The opposite side, in contrast, is does not contain any notably obstacles up until support zone located between the 1.1730 and 1.1722 levels.
by UnknownUnicorn890690
EUR/USD jumps by 44 points amid rate hikeEUR/USD jumps by 44 points amid rate hike As the currency rate was falling the last three weeks in a row, traders used the Federal Funds Rate hike to sell the Dollar and elevate the pair to the 1.1844 level. As long as market sentiment remains predominantly bearish the rate is expected to continue moving in southern direction. As for today, a deep plunge back to 1.1776 seems unlikely, as this road is obstructed by the weekly and monthly PP as well as the 200-hour SMA. From this perspective, the pair most probably will make another rebound and resume the upward movement towards the upper boundary of a medium-term descending channel. However, there is a need to take into account an effect from today’s ECB meeting and American data release, which are likely to alter the above scenario.
by UnknownUnicorn890690
1
EUR/USD moves towards 1.1795EUR/USD moves towards 1.1795 New trading week the currency exchange rate started in a movement towards combined resistance level formed by the weekly PP and the slipping 100-hour SMA. Such recovery of the Euro was triggered by a rebound from support zone located between the 1.1730 and 1.1722 levels. In addition to that, depreciation of the buck signified a breakout from the falling wedge formation. In first half of this trading session the pair is expected to continue moving upwards until it reaches an area near the 1.1795 mark. The further surge is unlikely due to additional resistance posed by the monthly PP at 1.1806 and the upper boundary of a junior descending channel.
by UnknownUnicorn890690
EUR/USD sneaks below monthly PPEUR/USD sneaks below monthly PP As it was projected yesterday, an attempt of the currency exchange rate to reach the 1.1866 level was neutralized by the slipping 55-hour SMA. Accordingly, the Dollar continued to appreciate against the Euro. The only difference is that this downward movement led to transformation of a descending channel into the falling wedge formation. The new pattern presupposes an upcoming rebound, which might happen once the pair will reach the 38.2% Fibonacci retracement level located at 1.1760. However, even in case this scenario materializes the surge might not last for long due to pressure of three moving averages. In addition to that, the northern side is covered by the support-turned-resistance monthly PP at 1.1806. There is also a need to take into account the fundamental factor, which might break the pattern and continue pushing the pair to the bottom.
by UnknownUnicorn890690
EUR/USD starts new week at 1.1870EUR/USD starts new week at 1.1870 On Friday, the pair fluctuated quite intensively amid contradicting reports that the US Senate is ready to vote for tax reform, while General Flynn pledged guilty to lying to the FBI. Despite that an anticipated resistance at 1.1936 and the 200-hour SMA at 1.1860 managed to retain the rate. As a result, it is still fluctuating in a junior ascending channel and is about to clash with the upper boundary of a dominant descending channel. As for today, the pair started new trading week in a limbo between the 100- and 200-hour SMAs. Although the upper side is additionally filled with the 55-hour SMA at 1.1884, the 61.8% Fibonacci retracement level at 1.1887 and the weekly PP at 1.1890, the Euro is still projected to pave the path to the north. However, this assumption holds true unless traders interpreted Friday’s plunge as a rebound from larger pattern.
by UnknownUnicorn890690
EUR/USD falls to 1.1836 amid progress on tax reformEUR/USD falls to 1.1836 amid progress on tax reform In line with forecasts, an improvement in consumers’ sentiment dragged the pair to the weekly PP at 1.1864, while the subsequent news that two hesitating senators agreed to join other Republicans to support tax reform pushed the pair even further to the monthly R1 at 1.1826. As this barrier is located slightly above the bottom boundary of an ascending channel and is additionally supported by the 200-hour SMA, the pair is expected to make a fully-fledged rebound and start surging back to the 1.1910 and then 1.1960 levels. However, a resistance posed by the weekly PP as well as concentration of the 55- and 100-hour SMAs near the 61.8% retracement level at 1.1890 suggests that the rate is likely to make one more turnaround especially if it matches with release of info on the US Prelim GDP.
by UnknownUnicorn890690