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Eurusdidea

EUR/USD runs into overhead resistance, price may fall furtherEUR/USD is in a prolonged downtrend for quite sometime now. After reaching the multi-year lows at 1.03 level, EUR/USD staged some pullback and managed to reach close to the 1.08 level. However, the recovery seems to have run out of steam . A combination of technical and fundamental factors may cause EUR/USD to tumble in the coming days. The broken support level at 1.08 might turn into resistance. In addition to this, the 100-day EMA lies just above it which might offer strong dynamic resistance. Furthermore, geopolitical disturbances and concerns about global financial health will likely weigh on the Euro as the US Dollar is expected to stay strong. The confluence of the above factors can mean that the circular area that I have highlighted in my chart will likely be a strong resistance level. Possible Signal Sell EUR/USD between 1.08-1.09 with Stop loss about the resistance and TP at 1.0350
Short
by KaltoireCapital
2
EURUSD - CURRENT SENTIMENT ANALYSE , DXY - DXY is currently at 101.632 LEVEL. Also the EUR FEATURE stays at 1.07521 LEVEL. The EURUSD PRICE is currently higher than the DYNAMIC S / R LEVELS. Most likely the PRICE SHORT TERM can be sold a little before BUY. - Currently the OVERALL MARKET is RISK OFF. STOCKS is currently showing a NEUTRAL BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be DOWN in the future. Also JPY CHF can be UP. - The EURUSD PRICE may be slightly up to 1.0921 LEVEL. Maybe a change from the USD HIGH VOLATILE EVENTS coming up in the coming days. So stay tuned.
by benny_marshall
EURUSD BULL RALLY COMPLEX PULLBACK CONTINUES Having bagged for the past 3 weeks in this month on EU we have just smashed our second target last week and price is looking for further break to the upside for more target zones and resistance level, over over 200 pips bagged successfully, slowly but steady price keeps retracing in a complex pattern and we have about 120 pips left to final target, meaning over 300 pips in final target, i would like everyone to join me on this train and get stuckinprofit.. like, comment and share this post to anyone that might need it, lets grow together.
Long
by stuckinprofit
EURUSD : Fed interest, oversold, historic, simple 4.5Aggressive interest rate hikes HINTS from FED is causing USD to skyrocket. In contrast, ECB is hinting on stimulus end and interest hikes only after Q3 bond purchasing ends. But let's be practical. *RSI 14 on daily is extremely low *Connecting lows of drop shows support around 1.105 *Horizontal support stretching all the way back to 2003 shows strong support between 1.035 to 1.05, with multiple tests around 2015, 2016, 2020 most recently. Today's FED interest rate decision may cause volatility to retest ~1.08 as the EUR is extremely oversold. Consider the hikes from FED are already implemented in the price of the very high USD. On the other end we have really strong support around 1.035 which may be tested. Trade safe at time of volatility and always consider the worst case scenario. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading, it's highly appreciated. If you found my idea useful, please like and follow! It would mean the world to me. Always seek independent advise, research when trading and act with caution. -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by Exactus
3