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Eurusud

EURUSD Forecast | Elliot Wave forecast for 13 February, 2017EURUSD completed fives downside according to updated count of Last Friday. My EURUSD forecast for 13 February 2017 is neutral. My Elliott wave count suggests that this up move is corrective. I am looking for the completion of 3 corrective waves or any corrective structure. I am looking to sell EURUSd around the resistance area of 1.0690-1.0729. My medium target is 1.0520. Intermediate trend is down. Looking for the bearish reversals near important resistances. Do not buy. Instead, short it near important resistance levels and always follow the trading rules.
by Mehreen_Yasin
6
EURUSD - Bearish Bat+++ Don't forget to LIKE & Follow+++I have lots on my radar - I want to share with you a potential Bearish Bat Formation on 1H, EURUSD. On higher time frame you can EURUSD is in a bearish trend, and thanks to the Brexit event the trend is confirmed - so you can use the Bat Formation as an entry reason for hopping on the bearish trend. I shoot for conventional 1st Target and 2nd will be a retest of A leg, stops above X. This Bat Pattern will have more than 100 pips stop so if it is too much you can wait for a better price or not trading it at all. Entry @ 1.1368 Stop @ 1.1495 Initial Target 1 @ 1.1193 Initial Target 2 @ 1.0950 Good Luck! If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Short
by Aleksandar_Rose
2
CAC: The correction phase will continueI hate to start by saying, "as foreseen in my previous studies....." So for those who are familiar with my daily studies and forecast, here is a little update. CAC is clearly oversold. Therefore we may see a little upward jump but this should not exceed 4510-4515. My Thought is that we may be at around 4480 before the correction continues. Targets are 4360-4200-4105 and 4000. 4360 and 4200 are highly probable. 4105 is most like probable. 4000 is probable. Bellow, although it is still in a correction and not a reversal phase, it may be very much 3900 by September but it is still highly speculative. It must be confirmed by indicators, chart studies and overall by the pace and shape of the correction.
INDEX:CAC40Short
by Pashabxl
EURUSD: Still Towards 1.385I know that a lot of people had some question mark in mind when I was making studies with a headline goal of 1.382-1.385 for at least 3 weeks now. People thought that After 1.39XX, Euro would jump at 1.355 and bellow. But as I have told in the past, and I keep the same idea in mind, there are 3 reasons why EUR will make a last try to 1.38XX. 1- Market bought for a very long time the decrease of the interest rate announced by ECB before this has been decided yet. Therefore at 1.355, the pair was already oversold. 2-The economic figures of US are still not good, and this cannot be explained by just the bad weather during the winter in the country. 3- Despite the announcement of FED concerning the good shape of the US economy, it is not yet the case. FED is not willing to frighten the market, and cannot postponed the Tappering process. Therefore the only tool left is keeping low interest rate and cheap money as Greenspan would have done if he was in power and did in the past. Therefore FED will only lift up its interest rate in March at the earliest. ECB will not go yet bellow the level announced and decided. And overall, QE3 is still being applied although there is a gradual decrease in the amount. Therefore in terms of equilibrium, EUR is the powerful currency against the USD. One should not forget that ECB has repeatedly stated that above EU looses its competitiveness when EUR is above1.40XX and therefore would not hesitate to intervene. It did so in the past. So we do have an upper benchmark which is 1.40XX and a lower benchmark which is 1.35, 1.33. And in between there is plenty of room to play.
Long
by Pashabxl