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Eurusdsetup

EURUSD Technical Play: Fed Monetary Policy PrepEURUSD was boosted by Mario Draghi's remarks during Monday's session. The European Central Bank (ECB) governor expressed his content with wage growth and inflation but repeated rates may remain low beyond the summer of 2019. The trade tension between the US and China has been dominating the market for some time and it is expected to be the main theme in the Forex market until the end of 2018. Since 10th September EURUSD has been held in a bullish uptrend as evident from the 4hr chart. Selling on dips may have been a more appropriate strategy. Although the currency pair appears to be attempting to correct higher at the time of this writing it may struggle with the 4hr resistance (upper blue line). The 4hr uptrend is likely to lure many traders into EURUSD prior to the Fed monetary policy on Wednesday. The most likely outcome is a whipsaw reaction in an effort to clear stops below and above the trendline. Based on our analysis there is a greater risk for moderate dip lower, the entry price may be more appropriate at a higher level (near the 4hr resistance) or should a bearish breakout take place in today's session. The technical strategy is designed for the Fed monetary policy but may also kick into play in today's session should EURUSD break lower. Do note that this is a 4hr time frame, which may be broken down into shorter time frames for scalping by seasoned traders.
Short
by DDMARKETS
1
EUR/USD buy Limit. We should open buy if price will make a P...EUR/USD weekly overview As i wrote week ago, price came to Key Buy Zone 1.1548. Big players respect such levels. Currency rate made fake broke of that level and moved up. I took only 100 pips from that move. But the most important things is, as you see on chart price can make a retest of that buy level. For this moment i think only about buy on PullBeaks. The best place for deal is near: 1.1520. S/L: 1.1470 Potential goals is: 1) 1.1810. 2) 1.1940. 3) 1.2100
Long
by Yuriy_Bishko
EURUSD - Monthly AnalysisRecent price action: Bearish Pattern: Potential head and shoulders Long-term momentum: Bearish Short-term momentum: Bullish Bias: Short Action: Stay in the trade until price hits weekly support then close the position. Price needs to correct and find a area of resistance. Only after there is a strong bounce off that level consider taking short positions again. Comments: Closely correlated with DXY index. Price is forming a inverse and and shoulders. If the pattern completes there I expect EURUSD to follow.
Short
by tradingwithyg