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Eurusdsetup

EURUSD | MY PERSPECTIVE FOR THE WEEKFollowing a whole lot of noise, the Euro rallied significantly during the course of the week, slicing into the 1.19000 Key level. It is a market that is grinding higher and appears not to be having stalling signs with the emerging set-up. With over 140pips profit in our direction since my last publication (see link below for reference purposes); As price respected our Harmonic structure - remember that I stated last week that we shall be observing how price reacts to my Key Level @ 1.19000 for a Bullish or Bearish consideration. Tendency: Uptrend ( Bullish ) Structure: Trendline | Supply & Demand Observation: i. Bullish Trendline continues to pave way for price action as indecision grips the market in consolidation structure since the beginning of the month (August 2020) ii. The buying pressure and rally around the s Euro currency is gathered extra pace at the end of last week and is now lifting EUR/USD towards an anticipated fresh highs. iii. Breakout and Retest of 1.19000 zone suggest an affirmative rally continuation. iv. It is pertinent to state here that a Breakdown and Retest of our Bullish Trendline suggest an affirmative shift in direction as the Demand zone remains an area to break for the Bears to gain significant momentum. Trading plan: BUY confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:3 Potential Duration: 2 to 6 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURUSD Possible LONG Hello everyone! This is my analysis on this pair. As you can see we had a very huge impulsive move to the upside, we then found Resistance on a Daily Level. After rejecting we then created a pattern that I'm sure you are familiar with, the Falling Wedge. This is a Bullish Pattern. We have also reached a very important level on the trend line, so we are expecting a bounce up breaking above the top of the wedge. As of now my best suggestion is to wait on price action movements, wait for a breakout, and a re-test of the breakout, and enter the market if we get a good entry reason. *friendly reminder not to trade this analysis blindly* Trade GREEN/BLUE! Let me know your thoughts on this pair down on the comments! Also you could comment any pair you like, and I will do an analysis on that pair so we could talk! ;)
Long
by devidmaykho
1
EUR/USD Technical Analysis.Currently, EUR/USD is trading at 1.1266. The pair may start a new down trend if it breaks the support level at 1.1221. The pair is now consolidating in the resistance and support levels. If the price breaks the support level then it may start a new down trend and its target price will be at 1.0965, the stop loss price will be at 1.1349. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5