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Eurusdidea

EUR/USD is in historical support level, will it bounce up now?Dear trader, we have made a very good profit with our previous Sell signal on EURUSD@1.0760. I hope you made money too as I shared the signal in my previous EUR/USD Idea. At present, EUR/USD is in a historical support level as you can see in the chart. In fact, the price has already bounced up more than 80 pips in an impulsive move. However, as you know the FOMC meeting is less than 12 hours away, I have not executed any trades yet. In fact, I am waiting for a dip to 1.0350 before buying. My idea is to buy EURUSD@1.0330-1.0380 with SL below 1.03 and initial TP at 1.0550 and final TP at 1.08. Please note that to avoid stop hunts, I will not be placing Stop Loss immediately after executing the trade.
by KaltoireCapital
26
EURUSD MONETRARY POLICY CHANGEHello Traders! Looking forward to bring you some juicy EURUSD analysis. ECB will be hiking rates for euro, so the currency will most probably start to strengthen in the next half year. As of right now euro is hitting multi year lows since 2017 and 2015 because of difficult times regarding world economies after covid and the Ukraine war. We are in a major support area and while the high time-frame charts are still in downtrend, the lower time-frames suggest a reversal and a potential counter-trend. ECB declared that there will be rate hikes in July and further in September in order to limit consumer spending and curb inflation rate. Rate hikes means that currencies will appreciate because of lower money supply in the market and this will most likely raise the currencies value. In the chart below we can see the macro picture. I wanted the smaller time-frame trade to be the main publishing idea, because the short to mid term situation might change, longer time-frames take more time to develop. Now on to current technicals. EURUSD entered a counter-trend after hitting the multi year lows seen on the chart above. We can expect some price stabilizing in this area as further fundamentals develop. As of right now the price is trending downwards short-term after peaking at 1.079. This downtrend is expected to last until our MONTHLY local support area generated by the last closing price, this price level is at 1.051. I expect the short-term downtrend to reverse in this area because of local MONTHLY support and a fibo confluence area around 50-61.8% and to continue our enstablished counter-trend, up until 1.094. This peak level is the 50% of a major downtrend occurring in higher time-frames. After we hit peak levels, the price might go on further to the 61.8% fibo level where profit taking will take course. After that it depends on the further price structure the market will provide us.
Long
by tsmarts
290+ Pips profit secured in EUR/USD, will it rebound at 1.0350?Dear traders, in my last EUR/USD idea, I published a signal to sell EURUSD@1.0760 (previous idea pasted below for your reference). If you followed my signal then you have already made 290+ pips profit, which is a huge win. Currently, price action suggests that EUR/USD can continue to drop. I would recommend traders to wait and watch the price action if EUR/USD drops to 1.0350. If bullish price action takes place at the support level, traders can buy EURUSD@1.0350 with SL below 1.03 and TP at 1.07
by KaltoireCapital
13
EURUSD JUNEFX:EURUSD In EURUSD I used auto harmonic pattern to predict the market if u also want to use this then follow the steps: 1) open "indicator" and search "auto harmonic pattern" and click on it. 2) open "settings" and go to "style" and remove "table". 3) this indicator will automatically generate targets. And if u want to understand more then follow us and observe how we give targets and find levels:- 👇👇👇👇👇👇👇👇👇 If it breaks downward levels as you can see in the chart above, then our :- Targets :--- 1.0704 , 1.0600 Make sure that market may retrace after achieve target. If market retrace from target then our :- Targets :-- 1.075 ,1.085 For more such information stay connected with us.🤘🤘🤘
by ayushkumarshivaliya
Bearish candlestick formation in the daily chart, price may dropDear traders, as a continuation of my previous idea, I am adding further relevant points and updating the EUR/USD idea in view of the current developments in the market and also adding a possible trade signal. In the daily chart, you can see that bearish candlesticks have formed in the resistance level. This is a strong indicator that price may drop further in the coming days. If EUR/USD is unable to break the resistance level that I have highlighted with a circle in my chart, I would advise traders to short EURUSD@1.07-1.0760 with SL above 1.08 and TP at 1.04
Short
by KaltoireCapital
8