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Eurusddaily

EURUSD profit target reached, time to go bullishBuy above 1.0637. Stop loss at 1.0573. Take profit at 1.0760. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target. We now turn bullish above 1.0637 support (Fibonacci retracement, horizontal support) for a push up to 1.0760 (Fibonacci retracement, recent swing high resistance). RSI (34) is seeing strong support at 38% but is also seeing intermediate descending resistance which limits the upside potential. Stochastic (55,5,3) is seeing strong support above the 3.7% signalling a bounce is impending. Reason for the trading strategy (fundamentally): The main news event driving the USD today is the U. of Michigan Confidence. It assesses consumer confidence regarding personal finances, business conditions and purchasing power based on hundreds of telephone surveys. A low or falling University of Michigan Sentiment value is considered an early indicator of an economic downturn. We’re expecting a lower value and a weaker forecast which means a weaker USD, which goes in line with our bullish EURUSD trade.
Long
by theforexarmy
EURUSD remain bearish with break of our long term supportSell below 1.0711. Stop loss at 1.0758. Take profit at 1.0623. Reason for the trading strategy (technically): We remain bearish with the break of our long term ascending support-turned-resistance line. The goal is to be bearish below 1.0711 resistance (Fibonacci retracement, horizontal overlap resistance, pullback resistance) for a drop to at least 1.0623 (Fibonacci retracement, recent swing low support). RSI (34) is seeing descending resistance
Short
by theforexarmy
EURUSD profit target reached once again, time to turn bullishBuy above 1.0711. Stop loss at 1.0622. Take profit at 1.0811. Reason for the trading strategy (technically): Price has reached our profit target for the 4th time in a row. We now turn bullish above 1.0711 support (Fibonacci retracement, horizontal overlap support, bullish price action, long term ascending support, USDCHF negative correlation) for a push up to at least 1.0811 resistance. Stochastic (21,5,3) is seeing ascending support and bullish divergence signalling a bounce is expected.
Long
by theforexarmy
EURUSD profit target reached, prepare to turn bearish againSell below 1.0800. Stop loss at 1.0880. Take profit at 1.0708. Reason for the trading strategy (technically): Price has reached our profit target perfectly from previously. We remain bearish below major resistance at 1.0800 (major horizontal resistance, Fibonacci projection) for a drop to 1.0708 support (Fibonacci retracement, horizontal pullback support). Stochastic (21,5,3) has made a bearish exit previously and still remains in a bearish configuration.
Short
by theforexarmy
EURUSD remain bearish below major resistanceSell below 1.0800. Stop loss at 1.0880. Take profit at 1.0708. Reason for the trading strategy (technically): Price reacted really nicely from our selling area. We remain bearish below major resistance at 1.0800 (major horizontal resistance, Fibonacci projection) for a drop to 1.0708 support (Fibonacci retracement, horizontal pullback support). Stochastic (21,5,3) is seeing a reaction off our 93% level of resistance. RSI (34) is also seeing a reaction off our 65% level of resistance.
Short
by theforexarmy
EURUSD: Approaching profit target, remain bullishBuy above 1.0590. Stop loss at 1.0450. Take profit at 1.0850. Reason for the trading strategy: Price continues to rise perfectly towards our profit target. We remain bullish above 1.0590 support (Fibonacci retracement, recent swing low support) for a push up to 1.0850 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance). RSI (34) is seeing a strong ascending support line holding price up. Stochastic (21,5,3) is seeing a strong ascending support line pushing it up.
Long
by theforexarmy
EUR/USD, DAY, NEUTRAL-SHORT (20-NOV-2016)Right now, we need to pay attention to the support zone near 1.054x area. 1. If the price breaks the support zone, we will look for opportunity to short when there is weak pull back (Highly Likely) -If it really break the support zone, it will be a nice risk/reward trade :) 2. If the price bounces back from the support zone, it might move sideway or bounce back higher. (unlikely due to the strong strength of USD) We will monitor this currency pair closely and update accordingly! :)
by YongLiang
EURUSD ForecastEURUSD is still well and truly bearish after negative ECB news, causing a breakout through the support (now turned Resistance) level. Price is currently trying to break even lower from the local trendline , which would see EURUSD head towards the bottom of the long-term Major Trendline. From there we expect a bounce back towards Resistance before falling towards Major Support at Potential Reversal Zone 2. Trading Ideas: Short EURUSD Trade trendline breakout
Short
by Elemont
EURUSD-Short Position - 300 PipsIt's a potential short position for 300 pips. Based on AB=CD And Gann Analysis If you want to get in this trade from this 1.10450-1.10550, you can still catch 130 pips till TP1 is reached, however there may be a slight pullback., It is recommended to enter with a smaller lot size if you want short right away. TP & SL are mentioned in the chart. Good Luck.! * This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity however there may be a slight pullback.
Short
by Jaffery
2
EURUSD-Short Position For Atleast 300 Pips.Based on AB=CD And Gann Analysis, It's a potential short position for 300 pips. TP & SL are mentioned in the chart. If anyone wants to get in this trade from 1.10550 - You can still catch 130 pips (TP1),however there may be a slight pullback. It is recommended to go with a small lot size if you want to get in this trade right away. Good Luck.! * This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity .
Short
by Jaffery
3
Forex Market Analysis and Trading Tips - 28th June 2016 - EURUSDI know a lot have been asking me for my outlook on EUR after last weeks events so instead of getting back to you all individually I thought this idea was the best course of action, do let me know your thoughts and as always your likes are most welcome! SUMMARY: The EURUSD pair bounced slightly during the course of the day on Wednesday, using the 1.1030 level as support. At this point in time, the market is looking bearish. The primary trend of EURUSD is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its 1 hourly chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 1.1190 and support at the level of 1.1030. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: EURUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intraday to mid term positions in it. Thanks for your continued support, www.tradingsignalreviews.com
Short
by TheBanker
EUR/USD MONTHLY OUTLOOK WITH 'THEBANKER' 27/06/2016 Happy to be back on Tradingview guys, hope you are all enjoying Brexit profits, please continue your support by giving this a like and comment! SUMMARY: The EURUSD-0.60% pair fallen slightly during the course of the day on Friday, broken the 1.1095 level as support. At this point in time, the market is looking bearish . The primary trend of EURUSD-0.60% is bearish on charts and price is trading below its support trend line in its daily chart . In its daily chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 1.1100 and support at the level of 1.1040. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: EURUSD-0.60% is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intraday to mid term positions in it. www.tradingsignalreviews.com
Short
by TheBanker
2