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Eurusdidea

EURUSD: Double top hunting?!EURUSD Intraday - We look to Sell at 1.0582 (stop at 1.0632) The medium term bias remains bearish. We look for a temporary move higher. Previous resistance located at 1.0600. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 1.0450 and 1.0400 Resistance: 1.0600 / 1.0785 / 1.1165 Support: 1.0450 / 1.0360 / 1.0200 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
EURUSD is showing signs of bullish reversalEURUSD is showing signs of upside reversal. The pair bounced up from the May 2022 low. On top of that the pair has printed bullish reversal pattern and continuation pattern on lower timeframe which suggest that the pair is more likely to extend to the upside. I will closely monitor further developments for buy opportunity in this market targeting 1.063 and 1.074. If you find this idea helpful please be kind to support it with likes. I will highly appreciate it.
Long
by Forexintelligence_NA
A long-term look at EUR/USD. Is a Bullish reversal on the cards?Dear traders, selling EUR/USD at 1.0760 has been very profitable for us. We also managed to buy EUR/USD at 1.0365 and bagged 240 pips from the bottom. In this idea, we will take a look at the weekly chart to have a better grasp of the long-term trend of EUR/USD. Currently, EUR/USD is sitting in a very crucial area. It's a level from where trend reversal happened back in 2016 . Such levels are quite significant in the financial markets. At present, we have a Doji Candlestick in the weekly chart. Now, usually, when a Doji forms after a long-term downtrend or uptrend, it signifies a reversal. Since the Doji has appeared at a key level, this makes it even more important. In my opinion, there is a very good chance of a reversal and we might see EUR/USD at 1.08 in the next few weeks provided the bulls are able to defend the 1.04 level. I would be looking to buy the dips between 1.0380-1.0460 with 1.08 as my TP
by KaltoireCapital
13
+230 PIPS TP hit in EUR/USD, will the uptrend continue?Dear traders, EUR/USD has bounced off from the 1.0380 level as I mentioned in my previous idea. So, whoever bought at that level certainly made 230+ Pips profit. I am attaching the previous idea below for reference. Currently, EUR/USD is facing some resistance in the 4H timeframe and price has gone through some pullback. However, in my opinion, EUR/USD will reach 1.08 level by the end of the this month or early next month. So, my preferred plan is to buy the dips in EURUSD.
by KaltoireCapital
13
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