Eurusdsell
EUR/USD trade alertThe only foreign money fluctuated the euro in a slim vary tilted to the upside in the course of the Asian session to witness its bounce for the second session from its lowest since July 27 towards the US greenback earlier than the developments and financial information anticipated on Tuesday by the economies of the euro space and the US economic system the biggest economic system on the earth.
At 05:15 am GMT, the euro pair rose towards the US greenback by 0.06% to 1.1769 ranges, in comparison with the opening ranges at 1.1762, after the pair achieved its highest stage in the course of the buying and selling session at 1.1777, whereas attaining the bottom at 1.1752.
The market is at the moment seeking to France for the second-largest economic system within the euro area for the issuance of the treasury funds for the month of July, earlier than we witness from Spain the fourth largest economic system within the area the discharge of the change in unemployment, which can present an increase of 19.5 thousand in comparison with an increase of 5.1 thousand in June June, earlier than the discharge of inflation information for the eurozone economies as an entire with the discharge of the producer value studying, which can replicate 0.6% progress versus a 0.6% contraction in Might.
Alternatively, buyers are awaiting by the US economic system, the biggest industrialized nation on the earth, the discharge of manufacturing unit demand studying, which can present a slowdown within the tempo of progress to five.1% in comparison with 8.0% in Might, and this comes together with the disclosure of a statistic of shopper confidence by day by day enterprise, which It might replicate a contraction of the contraction to 45.three in comparison with 44.Zero in July.
EURUSD - Time to open SHORT position?Good morning, everyone!
The new week is opening with a local correction and it is obvious that the instrument is overbought. But there is no rush to open short positions, as the pair is trading near 1M trendline which is a very strong resistance and a lot of squeezes might happen nowadays:
Look at the 1W timeframe:
EURUSD has a remain a strong trend, but couldn't close above 1M trendline.
More Local 1D timeframe:
To conclude, keep an eye on local trendlines to break and I will update this post if anything changes, but for now I am waiting for a correction to start, so I can find a good entry for short.
GOOD LUCK!
EURUSD forecast: Trade IdeaHello,
This is Euro/Dollar - EURUSD as you can see it made double top check this
it made a sell pattern it shows that there will be a bearish momentum.
i am expecting it to go 1.12000 that is 300 pips.
please remember this is my opinion and everything can happen in the forex market.
Thank you
Abdi
EURUSD, 4 hour timeframe, Bearish butterfly pattern on playWe could see price has been moving sideways for some time for EURUSD.
In my opinion there is a bearish butterfly pattern forming now and price pretty much exhausted.
There is a resistance at 1.1450 and price failed to break above it cleanly. At the same time, a bearish divergence can be spotted on stochastic so i am going to sell EURUSD from this point.
Sell EURUSD 1.1425
Stop loss 1.1470
Take profit 1 @ 1.1365
Take profit 2 @1.1300
good luck
EURUSDTRADE IDEA
SELL Limit: EURUSD @1.14069
TP1: 1.13360 (71 Pips)
TP2: 1.13000 (106Pips)
TP3: 1.11780 (230 Pips)
SL: 1.14273 (21 pips) $10
⚠️Risk Percentage: 2%
✳️Recommended Max Lotsize: 0.04 For Every $500
NB: When in 20 Pips profit, put your stop profit in place at 5pips profit
DISCLAIMER: PAST RESULTS DOES NOT GUARANTEE FUTURE RESULTS
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