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Eurusdidea

EurUsd- Best place to sell for joining the trendYesterday I've written that I expect EurUsd to drop towards parity (and even lower in fact). As we can see from the daily posted chart, after reaching the 1.0350 low, the pair is on the rise. In my opinion, this is just a correction and can offer bears a good selling opportunity to join the downtrend. 1.0750-1.0800 is a clear horizontal resistance and here I will look to sell. EurUsd back above 1.10 would negate my bearish outlook
Short
by Mihai_Iacob
2
EurUsd- Slowly-Slowly towards parityLast week, EurUsd broke under 1.05 support and has made a low at 1.0350. Afterward, the pair recovered and has risen above 1.05. Although we have this recovery from the low, looking at the daily posted chart, we can see that the price is under 20d SMA and this is pointing down, indicating still a strong bear trend. I expect USD bulls to remain in control in the future and the pair to continue its drop to parity in the medium term. 1.0650 is resistance now, followed by the strong 1.0750-1.08 one and in these zones, we can look for selling opportunities for a great risk: reward for swing traders. Best Regards! Mihai Iacob P.S: Please share your opinion or your charts in the comments section below!
Short
by Mihai_Iacob
7
EUR/USDThe Euro fell quite firmly last week to reach a new 5-year low against the US Dollar. The low of the week was only a few pips higher than the 19-year low. European currencies are generally weak, and the Euro is of course the major European currency. We see a bit of a lower wick in the weekly candlestick, and of course there is likely to be support kicking in if the price reaches the 6-year low at about $1.0335. With a still-strong US Dollar, the price here looks likely to fall further over the coming days. However, bears will ideally want to see a down day on Monday, with a New York close below $1.0378 before entering a new short trade. I will be prepared to enter a new short trade if we get a daily (New York) close below $1.0378.
Short
by SmoothJB
EURUSD_D1 looking Bullish Divergence Consolidation zone breakoutEURUSD_D1 Consolidation zone breakout but the RSI looking Bullish Divergence, if this breakout is false breakout we see bulls rally. So let see tomorrow D1 candle if Tommorrow D1 candle is going up and retest the consolidation zone and next week bulls contineu so the consolidation zone breakout is false, if retest and contineu falling eurusd next will be 0.8 area. Traders Share your opinion in comments, Like and Follow me. Thank You...
Long
by amzadlak
EurUsd- Do we have a genuine break?In my yesterday's EurUsd commentary I said that I work with two bearish scenarios: 1. A retest of 1.08 and fall after 2. A direct break under support without a test At this moment, after almost 2 weeks of consolidation in a rectangle, EurUsd is trading under 1.05 important support. Considering the time of consolidation and the incapacity of the pair to pass above 1.0650 I believe this is a genuine break. My long-term target, as you know, is the 0.85-0.90 zone, as for the short term, 1.03 can be a good price for bears. As long as the price is under 1.0650 sell rallies can be a good strategy with the focus on a good R: R rate.
Short
by Mihai_Iacob
4
Jamie Trade Idea - Short EURUSDTrade Idea: EURUSD Sell Reasoning: Breaking out of consolidation to the downside Entry Level: 1.0456 Take Profit Level: 1.0348 Stop Loss: 1.0506 Risk/Reward: 2.16R Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
EurUsd and my two bearish scenariosAs you know, I'm very bullish Usd and especially bearish EurUsd... Looking at a longer TF we can see that since 1.6 top in 2008, EurUsd was trading down and although there are large swings, the direction remains. In the past 5 years, EurUsd has entered a range mode with a low boundary at 1.05 and a high one at 1.25. However, considering the fundamental factors, this range is very probable to be broken to the downside and EurUsd to dive hard under parity. As the title says, I have 2 bearish scenarios for this outcome: 1. A rebound from 10.5 support towards 1.08 now strong resistance and break down after 2. A direct break that can lead to an acceleration Regardless of which one, I will remain strongly bearish under 1.10 on the single currency
Short
by Mihai_Iacob