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Eurusdidea

EURUSD | Chapter 4 | Ursula 's last standThis is a follow up of my recent EURUSD analysis (Linked in related ideas). I took another look and adjusted the S/R level and consider it broken. However i still dont feel like taking shorts as we are approaching some major support levels aswell areas of interest. For one its the psychological level - i could imagine it will be highly defended. Once broken price should drop accelerated - similiar to Oil in 2020. If price shouldnt show any reaction to this level i doubt that Support area 1 will hold price up for long. My best bets for longs are currently at support area 2 and the ATL below it. What i prefer to see would be price pushing fast under the ATL but a daily or monthly close above it. Takeaway: - Aslong price didnt retake S/R level broken or taking out the ATL i dont really plan to go long - Because of all the support areas below i dont plan to short at this time. However i will look for shorts once Support area 1 is broken on a timeframe like 4h or daily. Good luck Disclaimer: - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
by a_tale_of_bulls_and_bears
2
EurUsd- We have parity, now what? (Long term view)I have been strongly bullish Usd and bearish Eur since 1.15 and argued that the pair should reach parity this year and last night this important figure was touched so...now what? In my book, the answer is simple, CONTINUATION Looking at the monthly posted chart we can see that since the 2008 ATH at 1.6 the pair is trading downwards and the old 1.2 zone support acted as resistance back in 2018 and 2021. Also, the extremely important 1.04-1.05 support is clearly broken down now and we should expect lower prices from now on. From a fundamental point of view, all are in favor of a strong USD and a weak EUR so I would not be surprised at all if EURUSD will reach 0.85 in the next 6 months or so. The best strategy for this pair is selling rallies and ONLY EurUsd back above 1.05 will temper this aggressive downtrend
Short
by Mihai_Iacob
3
EURUSD | 1 Long / 1 Short scenario | Brussel fallingBe aware this trading scenarios are based on the 15min chart. Resistance area 1 served as support aswell resistance in the last days. Looking to take one or both trades price should move as shown with the arrows. Long (Orange arrow) Requirements: - Price retakes Resistance area 1 - Price moves atleast to S/R level 1 (higher would be even better) - Long open when price falls back to Resistance area 1 Target: Former Swinghigh S-L: See chart - i dont want to see a candle open/close below it Short (Blue arrow) Requirements: - Price breaks above Resistance area but cant close above S/R level 2 - Price falls back under Resistance area 1 - Enter short after a candle opened and closed below Resistance area 1 Target: Psychological level of 1 EUR : 1 USD S-L: See chart - i dont want to see a candle open/close above it Good luck Disclaimer: - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
by a_tale_of_bulls_and_bears