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Eurusdanalysis

EURUSD Technical Analysis and Trade IdeaIn this video, we take a look the EURUSD and observe that it has currently traded up to a significant resistance level. Below that, there is a price gap and sell-side liquidity in the form of stop losses, which could potentially target for bigger players. During the video, we delve into trend analysis, price action, market structure, price gaps, and touch on a potential trade opportunity. Please note that everything discussed in the video is purely for educational purposes and should not be construed as financial advice.
by fxtraderanthony
EurUsd- Sell rallies is my strategyA few weeks ago I said that EurUsd could drop to 1.05 zone support and, indeed, the pair fell to that level. A rebound followed after the second touch of this support and now the pair is trading back above 1.07. Although this double touch of the 1.05 zone and the break above 1.07 looks like a double bottom, in my opinion, it will not play out and I expect a reversal to the downside from 1.0770-1.08 resistance zone and a new drop towards 1.05 support. A daily close above resistance would negate this scenario
Short
by Mihai_Iacob
7
Yemi_Fx1 | Short for EURUSDEURUSD(Fibre) is trading and moving in an ascending channel. Looking forward for price to make a third touch with the upper dynamic trendline. If this holds then the pattern Will play out. So, I'll be considering A Risk entry type at the top of the structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Short
by Yemi_Fx1
Looking for a breakout EURUSD – the week of 30 Jan The uptrend in this pair has lasted several months but now it seems to be stalling. A consolidation / reversal is possible but I think 1 more leg to the upside is on the cards. When I check out the H4 chart, a buildup to breakout above 1.0925 seems to be in progress. But we need to see this buildup continue and if my idea is valid, we should see that the bulls are gaining more control of the market. The following could happen: - the bullish candles become larger than the bearish ones. - price becomes largely contained above the 20 EMA. - price stays above the upward sloping trend line. Entry can either be at the point of breakout or you could wait for a retest of the breakout level. Stop can be below the trendline or if possible, below 1.0780. Targets can be at 1.100 and then at 1.1150 Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Long
by Trading_Vista
1
Looking for short continuation EURUSD – the week of 27 Feb The USDX (USD index) has been bullish recently and ended last week with a massive bullish candle. As a result, EURUSD has been declining and I cannot see any reason why this should change next week. Price is currently within an intermediate S/R zone and a pullback is likely. The deeper pullback we get, the better it will be. That would be great because that will provide a good price to take a short and a smaller stop. My recommendation would be to switch to a lower time frame such as H4 or H1 and look for signals that the downtrend is resuming. Targets can be located at next support areas near 1.040 and then the parity level of 1.000. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
4
Could the rising wedge still be valid on the EUR/USD?With short positions still being held at 1.0788 and 1.0645, I'm looking to see if we break below that pivotal zone which would potentially open things up for sellers to come pouring in. I will not look to add any positions as of right now. The best course of action is to stay patient and observe the price action. If we do break, I will lower stop losses to control risk and let it ride potentially towards 1.0100. Trade idea is invalidated if we find strong support around 1.0600 - 1.0550 zone.
by InternalTraderNYC
EURUSD possible bullish move!Currency Pair : EURUSD Possible direction : Bullish Technical Analysis : Price just has broker out of the daily trend line and just tested the previous resistance as support and changed it's down trend to uptrend. As the monthly candle closed, we significant bullish move and highly likely price will hit weekly resistance level as weekly long wick doji has not been tested yet. Possible trade recommendation : Bullish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Long
by ForexWizard01