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Eurusdforecast

Has EUR/USD finally reversed? ECB meeting to offer clarityFor the past week, I have been stressing on the importance of the 0.99 support level in Euro and why Euro will regain parity again. As you can see, EURUSD is above 1.0 as predicted. So, has EUR/USD finally reversed? In my opinion, today's ECB meeting will be the deal maker for the Euro as traders are waiting for some clarity. That being said, I think EUR/USD will eventually be above 1.04 in the coming 6-7 weeks. It would be a wise approach not to place any new trades ahead of ECB meeting. However, if price dips to the 0.9920 level during the meeting, I would be looking to buy again as I have done multiple times in the last week.
by YourLazyTrader
27
Will EurUsd reconquer parity?Two days ago I wrote that even if the long-term trend remains short, EurUsd may have found a bottom and a correction becomes very likely. Yesterday, after yet another drop under 0.99, EurUsd has strongly recovered and now is trading slightly under parity. Considering the lack of power from the bears to clearly break support we can expect a reversal and a daily close above parity would confirm 0.9880 as a bottom (at least for now) This correction could have 1.03 as the target and 1.01 as interim resistance
Long
by Mihai_Iacob
9
EurUsd- Very steep falling wedge, short squeeze can followThe trend for eurusd is undoubtedly short, however, starting with the first drop under parity in mid-July, the pair lacks real continuation to the downside and lows are marginal with the yesterday's one being a false break under support. Looking at the chart we can see that the falling wedge pattern is very steep and a short squeeze at this moment is highly probable A new rise above parity can activate a lot of stop losses and the pair can accelerate to the upside The target for the falling wedge pattern is 1.03 and interim resistance is at 1.01
Long
by Mihai_Iacob
28
EURUSD: Gains should be limited!EURUSD Intraday - We look to Sell at 0.9992 (stop at 1.0042) The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Reverse trend line resistance comes in at 0.9995. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 0.9881 and 0.9850 Resistance: 1.0000 / 1.0325 / 1.0800 Support: 0.9880 / 0.9800 / 0.9700 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
1
⁉️ EURUSD - Market AnalysisHello traders! ⁉️This is my analysis on EURUSD . Here we are still bearish , so I am looking only for shorts. I expect price to retrace after taking out sell side liquidity. I have 2 points of interest, first one if price fills the imbalance and rejects from bearish orderblock around price level 1.01500 and the second one if price rejects from bearish orderblock + institutional figure 1.03000. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
Did we witness a false breakout in EUR/USD?EUR/USD dropped below the 0.99 level today prompting many traders to think that the support has been broken finally. However, at the start of the European trading session price has rebounded quite strongly above 0.99 again. So, we might have witnessed a false breakout. That being said, EUR/USD is not out of the woods yet and buyers must exercise caution. Today's daily candle might give some more clarity in EUR/USD. In my opinion, EUR/USD will climb above parity again and even reach 1.04 and that's why my plan is to buy every dip with small lots.
by YourLazyTrader
15