Eurusdidea
EURUSD AnalysisHi guys its kamy.
We have EURUSD chart here that price broke its own important support line
we should know that we have so many fake breakouts in Trading Range but at this time of chart support and resistance line is getting weaker and weaker cause of price hit for like 4 times.
so what should we do?
we have to wait for confirmations and i will update this post
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
DeGRAM | EURUSD support from 2002EURUSD is testing the support level which was tested last time in 2002.
After a huge sell-off, price action tends to consolidate.
We expect further consolidation until we see a strength in price movement.
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EURUSD Idea for next month.Jul 4
Hi there!
Today I would like to present to you my analysis of the EURUSD currency pair.
According to my careful analysis, we can expect a move of over 780 PIPS.
If you would like to learn to analyze the market according to financial institutions, feel free to write to me.
Eur/Usd in my opinion will continue to bearishI'm still positive with the current Eur/Usd condition. Eur/Usd in my opinion will continue to bearish.
I see the kumo cloud is thickening indicating that there is a large volume entering at the moment, even though the Kijun is making a horizontal line (the price could be approaching the Kijun) but it can still be seen that the price is currently stuck at Press-sen and is trying to make a new LL.
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 ;)
Most likely Eur/Usd will fall back deeper.Most likely Eur/Usd will fall back deeper.
If you look at the H4 chart, you can see that the candle touched Tenkan-sen and probably will break LL. When this happens, the biggest possibility is that Eur/Usd will go back down deeper to reach the channel line that I created a few days ago.