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Eurusdsignal

EurUsd has carved a very nice topAs I said multiple times in the past 2 weeks, 1.0350 is strong resistance for EurUsd and I expect a drop from this zone. Although the pair had a spike above this zone and reached 1.0475(which is marked by a strong Pin Bar), the overall idea was the same: resumption of the downtrend. Last week we have distribution in this zone and now the pair looks ready for a drop. My target for this drop remains under 1.01 and as long as last week's high is intact sell rallies is my strategy
Short
by Mihai_Iacob
12
EurUsd could fall from major resistanceSo far, the month of November is one of correction for EurUsd with the pair rising more than 600 pips in the last 2 weeks. However, let's not forget that the long-term trend is strongly bearish, and also fundamentally nothing changed significantly and a slightly better-than-expected CPI alone couldn't change a strong trend. At this moment EurUsd is facing a very strong resistance that starts around 1.0350 and extends above 1.04 and this could be a good opportunity for traders to join the long-term trend. That being said, rallies in this zone should be sold keeping in mind possible spikes when setting stop loss. 1.02 is the first obvious support followed by important parity zone.
Short
by Mihai_Iacob
14
EURUSD - 1H - LONGBuyers came in strongly from 6 weeks ago and broke the EURUSD downtrend. Now is the time for them to rest and an opportunity has been created for the rest of the traders. The fixed ceiling of the Fibo zone is 0.618, which this week saw a retracement of this zone, forming a V for us. In order to continue its uptrend, this chart needs to correct when it breaks away from the downtrend channel to gain bullish strength. Note that this chart requires time correction to go up, not location correction, so pay attention to this point and make the most of the trades that we will have in the upcoming range in the 5-minute time. In the MACD indicator, we also see a positive hidden divergence, which is currently close to the zero zone. If the price breaks the resistance zone before the time correction, you can think about buying, but you have to be more patient until your target is touched. And the last point: if the price is determined from the range box and moves down, this analysis is no longer valid and is waiting for our next presentation regarding this chart. Golden Dragon
Long
by the_golden_dragon
2