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Eurusdforecast

A bottom has formed in EUR/USD, will it reach 1.04?As predicted in my previous idea, EUR/USD has crossed 1.00 level and is also close to my second target of 1.0050. But, in this idea, I am doing a daily chart analysis of EUR/USD. As you can see, a bottom seems to have formed in EUR/USD with the 0.99 level being a strong support so far. So, the likelihood of a bullish rally to 1.04 can not be ruled out. So, buyers who have already bought at 0.9950 level or below can continue to hold their buy trades and keep taking partial profit as EUR/USD continues to go up. I would not recommend new buy trades at this level. In my opinion, one can buy if EUR/USD dips to the 0.9950 level again.
Long
by YourLazyTrader
13
EUR/USD 4H Chart analysis, minor support intactIn the 4hourly chart of EUR/USD, we can see that the minor support level at 0.99 zone is still intact. Thus the likelihood of a small relief rally to 1.0050 is still lingering. That being said, the fundamentals of EURO remains quite weak against the US Dollar. So, bulls must be careful. Short-term traders can take advantage of the current volatility and trade in both directions. I would be looking to buy EUR/USD in the support zone near 0.9920 with a small stop loss to keep the risk low. Targets would be 1.00 and 1.0050 respectively.
by YourLazyTrader
23
EurUsd- New low's loomingLast week, EurUsd clearly dropped under parity and reached a low at 0.99. After this low, we have 3 attempts to reconquer this important figure and all failed badly with Friday's spike leaving a very long-tailed pin bar on our chart. Both technicals and fundamentals are aligned for a stronger USD and in EurUsd's case I expect a continuation to the downside and a drop to 0.97 I'm strongly bearish as long as 1.01 is intact and selling rallies can be a good strategy My Previous EurUsd analysis
Short
by Mihai_Iacob
12
EURUSD | Perspective for the new week | Follow-up detailsFollowing over 200pips in our direction since my last speculation on this pair (see link below for reference purposes); the EURUSD continue to ground lower on the back of a firm US Dollar. Now, what is going to be happening this week? Will participants in the market find the Euro cheap enough to buy from the $1.0000 zone or are we going to witness a further decline in price action? 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
London Money GrabThe Forex Market weaves a beautiful narrative all about MONEY DAILY! The narrative for this set up simply goes like this: 11 AM pretty much ends the London Se$$ION. At the end of each day we all like to leave compensated for a job well done. The Forex market trading Sessions are no different except they deal in Billions and Trillions of Dollars. By simply identifying the BIAS on the Higher TFs on the asset you are trading you can gauge which way this Grab will go. Today is a down day on EURUSD. In confluence with the DXY which has taking off like one of Elon Musk Rockets:) (But always be careful with his rockets some of them are proven not to make the distance LOL) I digressed... As always Never Over Leverage* Trust your trade set up* Have Fun! I AM PRO TRADING MADE SIMPLE I AM ALSO THE SENSI AND MASTER JEDI TRADER of #SniperGang EVERYBODY EAT$
Short
by Master-Jedi-Trader
4