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Eurusdidea

EurUsd is building bullish momentumAs I said in my last week's EurUsd analysis, although the trend is bearish, in my opinion, it will turn, and is better to look for buying opportunities. Indeed, on Friday we have yet another reversal with a strong bullish engulfing and also yesterday the pair managed to break above the triangle's resistance. As we can see from the posted chart, since the 0.9550 low, EurUsd is putting in higher lows all being marked by strong reversals, indicating buying dips from big players. At this moment EurUsd is facing 0.99 horizontal resistance and a break above would clarify things and put pressure on the upside. The first target can be 1.02, followed by 1.035 zone important resistance. Also, in case of an au break of 0.99, parity should provide some kind of resistance ( I don't expect it to be very strong though). Buying dips with a stop loss under 0.97 could be a good strategy.
Long
by Mihai_Iacob
10
EURUSD forecast and idea.In the continuation of the downward trend of the EURUSD, there is a possibility that after hitting the resistance lines (diagonal lines) we will see a return to the resistance zone. ------------------------------ ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends request any cryptocurrency pair, currencies pair for forex, and any index you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Short
by Arash-RK
2
EURUSD Forecast: Price is reversing after the long dropHey trader, I hope you're having a profitable week! As you can see, the price is in a bullish uptrend that's trying to form the double bottoms 2nd leg. This reversal pattern usually triggers a 3-level uptrend. In this case, it will do so once the price has bullish broke and retested the patterns neckline (Mini Weekly Neckline) together with the 50 and bullish crossed short-term MA's. If that happens, the drop we've been seeing on the weekly and monthly timeframes will start to be recovered. But that might not happen. If the price bounces off the patterns neckline and 50 MA with a bearish reversal pattern that leads its price to bearish break and retest the bearish crossed short-term MA's, a downtrend will occur. That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts! Stay Blessed Baby, Sphatrades.
by Doji-2k1