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Eurusdtrend

EURUSD possible bullish move!Currency Pair : EURUSD Possible direction : Bullish Technical Analysis : Price just has broker out of the daily trend line and just tested the previous resistance as support and changed it's down trend to uptrend. As the monthly candle closed, we significant bullish move and highly likely price will hit weekly resistance level as weekly long wick doji has not been tested yet. Possible trade recommendation : Bullish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Long
by ForexWizard01
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD - As of last day, the MARKET SENTIMENT for EUR was slightly on the DOWN SIDE. The main reason for that is that the dollar started getting stronger because of the short-term POSITIVE SENTIMENT for the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - Definitely according to the MARKET STRUCTURE EURUSD can go up to the 1.0944 RESISTANCE LEVEL. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. - Then EURUSD can go down until the 1.0200 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
by benny_marshall
2
EURUSD to find support at previous swing low?EURUSD - Intraday - We look to Buy at 1.0638 (stop at 1.0603) Closed the day little net changed. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. A bullish reverse Head and Shoulders is forming. Trend line support is located at 1.0632. A break of resistance at 1.0697 should lead to a more aggressive move higher towards 1.0788. Further upside is expected although we prefer to set longs at our bespoke support levels at 1.0638, resulting in improved risk/reward. Our profit targets will be 1.0738 and 1.0788 Resistance: 1.0697 / 1.0738 / 1.0788 Support: 1.0638 / 1.0632 / 1.0612 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA