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Eurusdidea

EURUSD Sell to 0.98EURUSD now retesting key level at 1.04. Additionally, it lines up as a 61.8% retracement from previous swing high and swing low. It's currently rejecting with a double top forming on the H4. Daily closed with a bearish engulfing as well. To enter a short position, H4 has to start forming bearish market structure for more confidence. Fundamentals: EUR: Facing energy crisis heading into winter, political instability USD: CB is still very hawkish for the rest of the year *More fundamentals on weekly commentary paper What do you think? What's your EURUSD forecast?
Short
by rob_WRLD_
the big question! Retest or new Lows?Eur/Usd has been trading sideways for a while and i reason to believe that it will break out with the US inflation news. > Now what i will share with you is something i discover recently and should give more insight on how to trade it N.B. now for this to work we have to first believe that what ill share makes sense, then we can cipher it. what we are given: > channel on 3 day chart > US Cpi news Wednesday > clear understanding of eurjpy and usdjpy?????? > 3-day price containment of resistance 1.023 and support of 1.01 >for this purpose, we will define containment as: price failing to close/open above/below the given support/resistance. > NB price can breach these levels but can't maintain outside it. >if price maintain outside these levels, we have a breakout and we trade with the trend. How to trade this > choose a bias and pray that it goes in our direction 50/50 chance or > we use price action, news, technical analysis and price correlation. technical Analysis: > see my explanation of usdjpy & eurjpy then proceed News: >us cpi news on Wednesday could determine usdjpy & eurusd next breakout. price action : > Usdjpy has the potential to do two things continue breakout (create new highs / break 139) or switch over to form a head shoulder with neckline at 127 > Eurjpy is in a downward channel with next resistance at 140/142 if gets rejected we can see a retest to 133/134 > Eurusd is in a channel R: 1023 S: 1.011 for a while, and with a breakout we could see new lows of .98/.97 or retest of 1.04 price correlation: NB as eurusd approaches closer to "1" we see the price of usdjpy approaching eurjpy each other NB since this is an important usd news we can assume a breakout of eurusd *********************IF NEWS IS INTERPRETED AS GOOD ********************* > we should see eurusd possibly breaching the 1-dollar zone . We go long and hold for a usdjpy break out . we short eurusd until it finds a new zone below dollar zone . we can also short eurjpy 140/142 back to its previous support 133 *********************IF NEWS IS INTERPRETED AS BAD ********************* > we should see eurusd possibly retesting its previous support . we short usdjpy on bad news . we go long on eurusd for a break out . we also short eurjpy at 140/142 region BRING IT HOME IF WE CAN UNDERSTAND THE CORELATIONS AMONG THESE THREE CHARTS WE CAN TRADE THEM ACCORDINGLY WHEN EURUSD APPROACHES 1 THE PRICES OF USDJPY /EURJPY COMES CLOSER IF EURUSD GOES FUTHUR AWAY FORM +1 EURJPY INCREASE IN VALUE MORE THAN USDJPY IF EURUSD GOES FURTHUR AWAY FROM -1 USDJPY INCREASES IN VALUE MORE THAN EURJPY
by shermuelinvesting
EURUSD - Potential ideaFX_IDC:EURUSD Current trend The EUR/USD pair is moving in a corrective trend around 1.0212. Since the beginning of the week, the European currency has been trading with low volatility, but the situation may change today after the publication of data on consumer prices in two large EU economies – Germany and Italy. According to analysts, German inflation may increase by 0.9% MoM and slow down to 7.5% YoY from 7.6% earlier. In the Italian economy, a similar situation is observed: the rate is expected at 0.4% MoM and 7.9% YoY instead of 8.0% in June. These forecasts are in line with the opinion of experts, as the European Central Bank (ECB) adjusted the parameters of monetary policy, initiating an increase in interest rates, which could lead to short-term pressure on inflation. Experts assess the situation in the US differently. CPI will be released today, and analysts expect inflation to fall sharply to 8.7% from 9.1%. The only factor in its favor is an 8–10% MoM petrol price cut. At the same time, labor productivity remains in the negative zone, amounting to –4.6% in the second quarter, which confirms the difficult situation in the national economy. Support and resistance The trading instrument is kept within the global downward channel, having slowed down its advance towards the resistance line. Technical indicators maintain a poor sell signal: fast EMAs on the Alligator indicator confidently approach the signal line, and the AO oscillator histogram forms upward bars. Resistance levels: 1.0262, 1.0489. Support levels: 1.0163, 0.9955. Trading tips Long positions may be opened after the price rises and consolidates above 1.0262, with the target around ​​1.0489. Stop loss – 1.0200. Implementation period: 7 days or more. Short positions may be opened after a reversal, reduction, and consolidation of the price below 1.0163 with the target at 0.9955. Stop loss – 1.0200.
by Solidity_best_options
🍌EURUSD Time to make money) buy off the level🍌EURUSD Time to make money) buy off the level Price Formation in an Uplink ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I use all my transactions in real trading in my account, my account has already reached Profitability: 1549.04%🙏!❤️ It's your turn! Be sure to leave a comment and let us know how you see this opportunity and prediction.
Long
by QuantumLabSignals
1