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Eurusdidea

EUR/USD above the parity thresholdStill within the falling wedge formed since 2008, the price bounced off the support, 500 pips below the parity 1/1. Currently on the 1.05 zone, as long as this parity zone is not broken, we can expect a bullish continuation. Several areas are to be monitored, including points 0.5 and 0.61 of the fibonacci. Another element will be to be taken into account on this zone of 1.09 - 1.14, will the bearish trendline act as resistance once again ?
 Otherwise, if the price sinks below the parity threshold, we could expect lows since the 2000s on the 0.85
by ATM_INVEST
1
EurUsd- Top in place and final of correction?Since the low from September at 0.95, EurUsd had a pretty good run, with the pair gaining 1k pips which translates into 10%. However, as I draw attention in my past posts, this is a correction to the overall trend with both technicals and macro fundamentals still intact and not sustaining a strong Eur in the near future. The recent top was very near a very strong and important resistance that lies between 1.07 and 1.08 and although we didn't touch that zone, the pair could have topped. At the time of writing EurUsd is trading exactly on support and a break here would confirm a false up break of the triangle and call for further losses. Considering the 1.06 top, traders should look to sell rallies in search of good R: R considering 1.0250 as the target.
Short
by Mihai_Iacob
14
EurUsd remains very well supportedAfter the clear break above 1.0350 resistance and the confirmation of the break on Friday's NFP, EurUsd starts the week strong and we have a new local high at the time of writing at 1.0565. Although in my opinion this is just a correction for the longer time frame, and in the short term I expect USD to continue its weakness and in EurUsd's case I expect an up continuation. As I said before, the 1.08 zone could be the bull's target and as long as 1.0350 the bullish structure is clear and intact. Buy dips should be the strategy
Long
by Mihai_Iacob
6