Eurusdforecast
EURUSD double bottom bulish for 1.0710#eurusd, 15th june key reversal bar, 16th insurance bar both bars are indication for strength ahead for target 1.0710 even 1.0760 as well. Demand zone for long is 1.0410-03850 stop loss place below 1.0360.
Monthly bar of May 2022 is also key reversal bar, while last weekly bar is bearish closed in the middle.
A long-term look at EUR/USD. Is a Bullish reversal on the cards?Dear traders, selling EUR/USD at 1.0760 has been very profitable for us. We also managed to
buy EUR/USD at 1.0365 and bagged 240 pips from the bottom. In this idea, we will take a look
at the weekly chart to have a better grasp of the long-term trend of EUR/USD.
Currently, EUR/USD is sitting in a very crucial area. It's a level from where trend reversal happened
back in 2016 . Such levels are quite significant in the financial markets.
At present, we have a Doji Candlestick in the weekly chart. Now, usually, when a Doji forms after a
long-term downtrend or uptrend, it signifies a reversal. Since the Doji has appeared at a key level, this makes
it even more important.
In my opinion, there is a very good chance of a reversal and we might see EUR/USD at 1.08 in the next few weeks
provided the bulls are able to defend the 1.04 level.
I would be looking to buy the dips between 1.0380-1.0460 with 1.08 as my TP
+230 PIPS TP hit in EUR/USD, will the uptrend continue?Dear traders, EUR/USD has bounced off from the 1.0380 level as I mentioned in my previous idea.
So, whoever bought at that level certainly made 230+ Pips profit.
I am attaching the previous idea below for reference.
Currently, EUR/USD is facing some resistance in the 4H timeframe and price has gone through some pullback.
However, in my opinion, EUR/USD will reach 1.08 level by the end of the this month or early next month.
So, my preferred plan is to buy the dips in EURUSD.
EURUSD - CURRENT SENTIMENT ANALYSE , DXY - DXY is currently at 105,286 LEVEL. Also the EUR FEATURE stays at 1.0451 LEVEL. The EURUSD PRICE is currently below the DYNAMIC S / R LEVELS. Most likely the PRICE SHORT TERM can be sold a little before BUY.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently displaying a DOWNSIDE BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD may definitely be somewhat DOWN in the future. Also JPY CHF can be UP.
- The EURUSD PRICE can be slightly up to 1.0652 LEVEL. Maybe a change from the USD HIGH VOLATILE EVENTS coming up in the coming days. So stay tuned. If the MARKET moves to the DOWN SIDE the EURUSD 1.0279 LEVEL can be DOWN.
EUR/USD is in historical support level, will it bounce up now?Dear trader, we have made a very good profit with our previous Sell signal on EURUSD@1.0760.
I hope you made money too as I shared the signal in my previous EUR/USD Idea.
At present, EUR/USD is in a historical support level as you can see in the chart. In fact, the price has already
bounced up more than 80 pips in an impulsive move.
However, as you know the FOMC meeting is less than 12 hours away, I have not executed any trades yet. In fact, I am
waiting for a dip to 1.0350 before buying.
My idea is to buy EURUSD@1.0330-1.0380 with SL below 1.03 and initial TP at 1.0550 and final TP at 1.08.
Please note that to avoid stop hunts, I will not be placing Stop Loss immediately after executing the trade.
EURUSD journey to parity intact but.......EURUSD move to parity making well sense but the trend leading to it likely to stall it, the red trend line is the parity trend and the blacked trend line is the path. The first barricade is the last resistance(yellow horizontal line) the next is the black trendine. If cleared then journey to parity could actualize earlier than thought