Eurusdsell
EURUSD: Rejecting the Resistance Level.Thanks for Taking Interested in my Trading Idea.
EURUSD: BEARISH TREND IS READY.
WE HAVE MAJOR TREND IN BEARISH MODE.
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EURUSD#2--->Waiting to Sell:Good day dear #investors and colleagues #traders.
Your attention a technical analysis of the currency pair #Eurusd:
#Comment_to_past_week:
The single European currency continues its victorious march to new heights using the global fall in indices. Funding the #carrytrade strategy through the euro has the opposite effect, market participants have come under attack and are now selling assets to repay loans in block currency.
If #carrytrade uses the scheme (For example, USA):
1. Get a loan of #euro --≥ 2. Sell euro / buy #dollars --≥ 3. Buy assets in the USA.
Then now the scheme is the opposite and it gives the euro growth:
1. Sell assets in the USA --≥ 2. Sell dollars / buy euros --≥ 3. Give a loan in euros.
Consequently, the withdrawal of liquidity denominated in euros.
Thus, the single European currency strengthened this week 181 points (+ 1.68%).
#Technical analysis:
Globally (D1):
Despite such rapid growth, the single European currency continues to be in the global downward range. Formed from September 21, 2018.
The current situation involves testing it for strength in the region of 1.1170-1.1200.
Locally (H1-H4):
The currency pair is expanding the upward channel, the pair overcame the downward movement and headed for new highs.
"In the euro, a rather strange picture is formed when it fell, there were no technically important significant levels of support. Now when it is growing, and like a hot knife, all levels of correction went through oil again, a situation develops in which there are no technical resistance levels."
By tradition, we call the weekly support and resistance zones:
A) Support: 1.0871 and 1.0714;
B) Resistance: 1.1119, 1.1210 and 1.1367;
#Orders_and_position:
Our system assumes that the euro value of the euro is currently overstated. And soon she can start a correction. This is confirmed by our leading indicators.
At the same time, a system that analyzes the “normal” price behavior tells us that the current trend is outside the normal movement.
= ≥ Enters sale at the time of writing the article early.
But, we will begin to look for consolidation movements to open short positions. We will give special attention to the global zone of resistance and the levels described above.
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EURUSD nosedive beyond Corona? - A fundamental outlookFor a great amount of time, the EURUSD pair has been falling continuously. And it's falling so greatly that has broken its 2 year's low with a snap as predicted! (see a grey circle and For analysis check the related idea)
The pair enjoying a halt at current levels but, IS THE MARKET WILLING TO PUSH IT EVEN LOWER?
The answer could be YES!
There could be several reasons behind this as follows:
1. Economic comparison: EUR is getting weaker as eurozone not performing well. as well as German ZEW sentiment was fairly negative and export-based sectors not doing well.
2. Brexit brawl really did badly for the EUR.
3. +ve US Q4: Q4 report for the US indicated that the US economy is outperforming the Eurozone.
4. +ve January NFP: This was an important factor in strengthening currency
5. Corona fears: Increasing Corona cases are increasing fears in the market as well which helps USD as a safe heaven.
6. Weakened other safe heavens: Other safe heavens as Japan seems to be safe no more as Japan is also reporting increasing Corona cases, as well as Japanese export, is also not doing well, luring investors to Dollar.
Conclusion: EURUSD pair is falling continuously and having good prospects for the 1.0700ish levels.
Happy trading!
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#EURUSD,The crash continuesThe EURUSD broke the support line on 1.0990 last Friday, there was a possibility that once EURUSD hit the above line it would be a rebound in the price but that didn't happen.
The candles are located under the Ichimoku cloud.
The EURUSD is below the 100,200 moving average.
Target: 1.0880
#EURUSD, We chose the direction!As we expected in the last review we did as soon as eurusd touched the 1.10 support line, it responded with increases, but these increases do not hold up as seen in the graph.
The downward trend continues.
The target will naturally be the support line again at 1.10, only this time there is a chance that EURUSD will break the support and drop further, we will continue to follow
EURUSD Reverse Head & Shoulder on a weekly SupportEURUSD Market Update ( Swing Positions )
EURUSD Traded on a major support on the first trading day of the week. We said yesterday to wait for a breakout of 1.11$ before looking for bullish price action. EURUSD as pushed higher in the past hour breaking our bullish trigger. The next step is looking out for short corrections to 1.109$ and rejections of the area.
Trade idea on EurUsd(4Hrs)EurUSD on 4hrs is currently on a supports/resistance parameters and therefore pose a great opportunity for either a buy/sell.. So therefore wait for any breakouts i.e if the market breaks 1.11150 its a very safe buy to 1.11600 And if market breaks 1.10700 its a very safe sell to 1.10100 Otherwise stay out at consolidation(ranging) points OR once the trades breaks the light blue rectangular shades, Buy if top is broken, sell if bottom is broken and apply stop loss @opposites ends... Also apply proper risk management and set your buystop/sellstops respectively to the mentioned breakouts mp. Goodluck!! Please comment and share your ideas too on this particular pair. thanks!
#EURUSD, Great opportunity to sellThe EURUSD has reached the downstream resistance line.
The last weekly candle that was closed, closed in the form of a star that usually signals a trend ending.
The Stochastic came to Overbought
So according to all the data we mentioned above this is a great time to sell and so we recommend it!
Target: 1.1070
In case the EURUSD breaks this line of resistance, this signal is canceled