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Eurusdforecast

EURUSD: Big room to Retrace, however, we are still BULLISHHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: Since November 2021, EURUSD has been moving clearly inside a descending channel, keeping this strong bearish momentum for a year! At the end of September, the price reached an important level at 0.97000, bouncing on it with an interesting price action. The price reversed, false breakout, sharp bullish impulse and proceeded breaking the main structure to the upside. 500 pip and more of long, the market currently reached a potential pivotal swing and the further price action will be essential to understand the next movement. Although we strongly believe in a bearish correction after a such a huge move, in long term perspective we see this market reaching its next swing at around 1.06000. When, where and why would we step into the market? Unless this market will clearly show bearish price action and no momentum to the upside, we will just be looking for long position. A consolidation is needed before the next movement, and we can see a retracement back to 1.0100 or 1.0000, before a potential continuation. At the moment, we will keep an eye on the future structure and no action will be taken! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
14
EurUsd could fall from major resistanceSo far, the month of November is one of correction for EurUsd with the pair rising more than 600 pips in the last 2 weeks. However, let's not forget that the long-term trend is strongly bearish, and also fundamentally nothing changed significantly and a slightly better-than-expected CPI alone couldn't change a strong trend. At this moment EurUsd is facing a very strong resistance that starts around 1.0350 and extends above 1.04 and this could be a good opportunity for traders to join the long-term trend. That being said, rallies in this zone should be sold keeping in mind possible spikes when setting stop loss. 1.02 is the first obvious support followed by important parity zone.
Short
by Mihai_Iacob
14
EURUSD | Perspective for the new week | Follow-up detailsFollowing the bullish engulfing candle on Friday, the Euro has a tendency to reach new highs in the coming week only if a significant breakout of the $1.000 level happens. However, we can not ignore the possibility of a possible bearish momentum considering the fact that the price has been trading below the $1.0000 level in the last couple of months. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
1
Trading Analysis eur/usd 11.11.2022Welcome to the BasicTrading channel. My name is Philip and in todays analysis I quickly go over the situation which we currently have on EUR/USD. I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities. If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow. Dont forget to smash that rocket and I will see you tomorrow with a new analysis.
by basictradingtv
4
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - Currently the MARKET SENTIMENT for EUR is slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. As of today, due to MARKET RISK being ON, all MARKETS including STOCKS and COMMODITIES are going up a bit. According to yesterday's CPI DATA REPORT, the FED cannot do a rate hike any more. Therefore, if the FED becomes NEUTRAL, the USD can definitely become WEAK. Also, if the SENATE is won by the REPUBLICANS when the DEMOCRATS are the president, the USD must be WEAK. - Definitely according to the MARKET STRUCTURE, EURUSD can go up to the higher RESISTANCE LEVEL because the FOMC MEETING UPDATE is NEGATIVE. At the moment, there is a slightly UP SIDE BIAS in the MARKET for EUR. Accordingly, EURUSD can go up to 1.0500 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it. eurusd
by benny_marshall
1
EurUsd- First target reached, now what?As I argued in both written and video analysis, there is a high chance of a reversal in EurUsd's case and 1.02 with 1.0350 in extension could be the target for this correction. Indeed, yesterday EurUsd touched the 1.02 zone and we may ask ourselves "now what" In my opinion, the 1.0350 zone will be reached in the medium term, but from a risk: reward point of view, at this moment, we don't have a valid trade. However, in the eventuality of a drop under parity, this should be considered a buying opportunity with the up mentioned target and only a drop under 0.97 would negate this scenario
Long
by Mihai_Iacob
9
EURUSD push lower to 0.98650 handleHi all, Been a while since I last posted due to me taking time out the markets and what not, anyways enough of the boring stuff lets talk about EURUSD shorts! So my bias on the EURUSD coming lower (Or EURUSD SHORTS) is based of several factors such as them being; 1. We have market structure 2. We had fundamental data 3. Price charts 4. Moving averages We can see a clear non break in a higher high, if we take the previous high that was respected creating a double top and today it being a shorting market we can see that this was a 'respected pattern'. We also had a crazy spike taking out a lot of sellers in the market yet the hourly candle finished as a bearish result, showing traders (longer short-term) a bearish pinbar , this indicates to me that there is more of a short yet before we see a move higher. We used a reverse engineered indicator which shows us on a daily timeframe that there is more possibility given all the reasons above that there is more off a short bias on this pair. My entry: 1.00402 Stop loss: 20 pips @ 1.00611 Target: 150+ pips @ 0.98667 *This is not a signal, it's a detailed analysis of the trade I will want to take. Take all trades at your own!* Let me know what you all think in the comment section below. You can also message me via the chatbox on Tradingview and lets make some profits! MoneyMaliks.
Short
by MoneyMaliks
5
Eurusd setting for bearish moveHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about OANDA:EURUSD We can see formation of head and shoulder pattern So we are expecting a strong fall near support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Short
by Theranasaramd
2