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Eurusdneutral

eurusd neutralIn my previous prediction I saw a buy opportunity while the overall trend is still bearish. I mentioned a bullish shark in the structure. On the other hand my Daily and Weekly stochastics analyse are both showing that the bearish move is maybe not over. I made 2 entries long but using a tight trailing stop which were stopped out both with a couple of pips in my pocket. Actually, there is still nothing new in the euro news that give us more confidence in a strong bullish move, although the fed decisions are maybe in favor of the euro, I think the eurusd will be relatively neutral atm. I have a triangle where a break above or below can be a signal to enter short or long. But atm I have no clear indication of the coming direction.
by Manu76
Analysis for eurusdI divided the current situation into three boxes. The middle box is neutral. If the price breaks above and can stabilize in the upper box, then that is somewhat of a small indication or a first step to see eurusd rise further this week. On the contrary, if the price breaks and stabilizes in the lower box, that is a small indication that the market remains weak this week with a risk of falling to 1,11065 but this fall is far from certain at the moment. There are nowadays numerous indications that although the euro remains weak, a medium-term rise can also occur. Of course the euro news will probably determine how the eurusd will react.
by Manu76
Education Only EUR|USDHope all of you have had a great week trading so far. I haven't looked at this pair in a while but on the chart I have painted a picture of both bullish and bearish scenario's. Now with the current fundamentals coming tomorrow with EUR and USD, expect some volatility and mostly a bullish price in short term. The reason I say this is because EUR bulls are still there ready and waiting/wanting good news, and any sign it is good news will send this pair to the upside. I have mixed views on this pair because both currencies have weakening properties at the moment, with them both weakening at a similar rate we haven't seen to much volatility. If we see Trump tweet a few more times or add more tarrifs we may see more volatility and a clearer picture to where we see the overall trend. For the moment, I am staying away from this pair as it feels like if I was to place a trade it would be of a gamble than anything else. Although my emotions are telling me to Buy, I have a strict set of rules to insure I tick every box before I enter a trade and this hasn't ticked them all. Check out our other analysis for more honest, truthful and educational charts. Happy trading!
by invalid1232212
EU Breakout situationEURUSD price has arrived to the 1.141 support zone. This support is an important zone. Breakout situation forming, because the price make double top again, with lower high like January 10-11th, and the price respecting the 20 day MA. If the price break the 1.141 support zone with an impulsive wave open short. The price can bounce from this zone(look at RSI:oversold(28%)) and we stay in the 1.151-1.141 consolidation zone. Important news: -EURO PMI: 10:00(GMT+1) -Last:51.2 -Forecast: 50.8 -USA PMI: 15:45(GMT+1) -Last: 54.4 -Forecast: 54.2
by LszlRakonczai
EURUSD --Back to familiar area 1.1730s --- Now what ?FOMC news caused a spike to 1.1800s area then back to familiar area 1.1730s WARNING: One lesson i learned when i started trading while working as an AI Quant and HFT Algo trader ( 11 years now as Quant & Trader) 1. Never under any circumstances believe or trust any FX or Technical Analyst at any cost. They are simply "trash talkers" with historical perspective on what is going to happen. That's called insanity or "LOCO" Analysts have the skin in the game and all they trying to do is turn the sentiment towards their own trade or clients trades. Of course if they are right or " Lucky" we call them trading Gods. Its like gambling 2. Do not believe even me. Always trust your own analysis to succeed in FX trading . its like running a business . If those analyst were that successful as they make you believe they would be Billionaires. Trading requires mathematical Acumen , time-series analytics on the Price Actions and some AI . Most of us don't have those qualities NOTE: The most successful traders or quants never even talk about what they are doing . They might give you a hint but you will never find them telling about magic strategies or softwares because they know NONE exists even with AI algorithms ( "Creme de la Creme" of Algo trading ). Never buy any trading software, strategies or garbage being sold as the holy grails . 99.9% of them are complete SCAMs. Ask yourself , does banks like Goldman Sachs sell their own money making algorithms for penny's . The Answer is a resounding NO. Instead they will sue you if you happen to have your hand on any of their strategies. So why do you think that someone or a successful trader would sell you a money making strategy , indicators or software if it really works ? i wouldn't do that if it were me.
by developeralgo222
4
EURUSD Neutral/Short TradeToday, the price met a multi-month resistance level at 1.2000 and finished the day rejecting the highs. EURUSD Trading Setup The daily candle that printed on the chart is a pin bar. There was a strong bearish reversal during the US session. The intraday chart is also showing some signs of weakness. The 4H chart topped the day with an inside bar. I am expecting to see a retracement to at least 1.1850. Price might find some strong support there. It really depends on how it will react to this level. For now, I am neutral EURUSD. The uptrend is still bullish, so this might be a temporary break. I am also curious to see what the weekly candle will show us on Friday close. For the time being, I will stay on the sidelines.
by colibritrader
EUR/USD at a very decisive zone! Intermarkets warning!Hello traders, Today we want to share with you our FX_IDC:EURUSD perspective as it currently flirts with a very decisive zone at 1.05. Currently market flirts again with the 1.05 level as it seems to be a very desicive level for the market weather new bearish sentiment will kick in or not. Current fundamental important facts to consider: France latest polls as Macron gained 2% (now 27%) and overtook Le Pen (25.5%) FED rate hike (rate odds jumped in previous days significant higher as they currently are in 77.5% (CME FED watch) for a march rate hike of 25 basis points, therefore USD could gain significant strengths. Today Yellen will talk and this may be a significant day for the 1.05 level. And of course the other important factors the European Union currently faces. Divergently, as we look at our intermarket indications we need to be careful, as they currently still warn for a downside moves on mid-term. We always mention the importance of intermarket flows, as we believe that investors only repark their money due to sentiment and global macro-economic conditions. Therefore, we always keep in mind the in-and outflows with the help of our intermarket indications that lead us towards better timing when making a trading decision. As you might know that timing is one of the most important things when it comes to trading together of course with risk/money management. As seen in the chart, two of our three intermarket indications showing a tick to the upside as they currently moving in extreme areas territory which might indicate a soon inflow of capital from other asset classes. We take into regard always the BIG 4: Currencies , Bonds, Stocks and Commodities. Only the FX_IDC:EURUSD /Indices ratio shows still more potential to the downside as capital may still flow into Indices. Investor may move their capital to indices. This action has still not reached its extreme! Looking at the technical perspective and current trading range, we see a ranging scenario on midterm. The FX_IDC:EURUSD moves between 1.0825-1.05 (besides on spike to the downside after rate hike in December 2016. If the FX_IDC:EURUSD breaks the trendline on daily close we might consider that the FX_IDC:EURUSD moves higher towards upper range zone. However, if todays speech by Yellen and +VE US Non-Manu figures arrive, we might turn. Importantly is to consider the situation in France and the two parties. So, summarizing everything together, we believe that FX_IDC:EURUSD is currently at a very decisive zone and we need to take care. We will closely watch the actions of investors regarding capital movements and the fundamental perspective within the EU and FED rate probability. All these factors together we are currently at mid-term turning points where a move to the upside is also possible! Either way we will keep you updated with possible trading setups! As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care. We wish you much success, The Secrets2Trade Team
by secrets2trade
EURUSD Daily Key ElementsEURUSD major levels of resistance: 1.0850 (Fibonacci retracement, horizontal pullback resistance, bearish candlestick rejection level) EURUSD major levels of support: 1.0435 (Long term Fibonacci projection, horizontal support) 1.0350 (Fibonacci projection, bullish candlestick reversal) EURUSD technical indicators: Stochastic (21,5,3) is seeing major support at the 3.75% level where we have seen price bounce off correspondingly multiple time in the past and has good upside potential still after the recent bounce.
by theforexarmy