Get started

Eurusdsignal

EurUsd- Top in place and final of correction?Since the low from September at 0.95, EurUsd had a pretty good run, with the pair gaining 1k pips which translates into 10%. However, as I draw attention in my past posts, this is a correction to the overall trend with both technicals and macro fundamentals still intact and not sustaining a strong Eur in the near future. The recent top was very near a very strong and important resistance that lies between 1.07 and 1.08 and although we didn't touch that zone, the pair could have topped. At the time of writing EurUsd is trading exactly on support and a break here would confirm a false up break of the triangle and call for further losses. Considering the 1.06 top, traders should look to sell rallies in search of good R: R considering 1.0250 as the target.
Short
by Mihai_Iacob
14
EurUsd remains very well supportedAfter the clear break above 1.0350 resistance and the confirmation of the break on Friday's NFP, EurUsd starts the week strong and we have a new local high at the time of writing at 1.0565. Although in my opinion this is just a correction for the longer time frame, and in the short term I expect USD to continue its weakness and in EurUsd's case I expect an up continuation. As I said before, the 1.08 zone could be the bull's target and as long as 1.0350 the bullish structure is clear and intact. Buy dips should be the strategy
Long
by Mihai_Iacob
6
EurUsd- Where to buy for HUGE R:R?In my video from two days ago, covering EurUsd, I said that dips around 1.03 should be bought, for a new test of resistance. Indeed, after a short-lived spike in that zone, the pair reversed to the upside and tested resistance again. Although at this moment it seems like the pair is in correction, the structure remains bullish and, as you can see from the posted chart, an ascending triangle seems to be forming. The ascending trend-line for this triangle lies around 1.0350 and here we should look for buying opportunities. Considering a stop loss under the recent spike low, such a trade can have more than 1:5 R: R
Long
by Mihai_Iacob
14
Eur/Usd Analysis 29.11.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
by basictradingtv