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Eurusdanalysis

Euro trades inside wedge and can fall to support lineHello traders, I want share with you my opinion about Euro. Looking at the graph, we can see how the price re-tested the seller zone, from which it begin to decline and formed the downward wedge. Euro created support area 1.0535-1.0525 that was re-tested and begin to grow, breaking the resistance line of wedge. Next, we see how the price has dropped again to the support area, which it has been re-tested and grown to the seller zone and thus formed upward wedge. Price has tested the resistance line of wedge, which coincide with the seller zone and has begin to decline. Currently, the price is below the resistance line and can continue to fall and reach the support line of wedge where I set the target at level 1.0670. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
11
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