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Long
by mehdi_kb
EURUSD: Bearish Bat with MACD Bearish DivergenceWe have an Intraday Bearish Bat on the Euro with Bearish PPO Confirmation and MACD Bearish Divergence. Earlier today, the Euro Doubled Bottomed at $1.05 and has since been on the rise, but so far it has only managed to come back up towards the moving averages and move up to complete a Bearish Bat. Now it is showing multiple signs of coming back down, and if it does, I don't think $1.05 will hold but that it will instead break and make its way towards $1.035. I think we will continue this trend until the Euro Is Back Below A Dollar.
Short
by RizeSenpai
A determined ECB could see the EURUSD climbThe EURUSD trades significantly higher, bouncing from the 0.9740 support level to approach the parity level again. Although the price is currently consolidating below the 0.9950 interim resistance level, the EURUSD is likely to continue trading higher. Look for the price to break above the 0.9950 and 1.00 price area to signal a stronger move higher, with the next key resistance level at 1.0085. This move higher could also be driven by the sentiment conveyed by the ECB that it will raise rates to deliver the 2% inflation target.
Long
by JinDao_Tai
2
EUR/CHF almost back to parity; Flag targetJuly 5th was the last time that EUR/CHF traded at 1.0000. The pair traded lower in an orderly channel until the pair broke above it on August 29th near 0.9629. EUR/CHF then hugged the top trendline of the channel, while still moving lower, making a local low at 0.9409. Since then, the pair has been moving higher in a flag formation. On October 13th, EUR/CHF broke out of the flag pattern. The target for a flag pattern is the height of the flagpole, added to the breakout point of the flag. In this case, the target is near 1.0015. EUR/CHF has been moving higher 10 of the last 11 trading days, including today. If price is to make it to target, the first resistance is the 50% retracement level from the highs of June 9th to the lows of September 26th at 0.9962. Above there, resistance is at the psychological round number level of 1.0000. If price makes it to the target and continues higher, the next resistance level is the 61.8% Fibonacci retracement level at 1.0092. However, notice the RSI has just moved into overbought territory, indicating that EUR/CHF may be ready for a correction. If the pair does correct, the first support level is the low from October 12th at 0.9644 and then the September 26th lows at 0.9409. If EUR/CHF breaks below, there is no support until the lows from January 2015 when the SNB dropped the 1.2000 peg to the Euro, near 0.8630! If EUR/CHF can’t make it above parity, watch the RSI. If it is still in overbought territory, the pair can fall to 0.9644 quickly!
by FOREXcom
EURUSD: Gains should be limited!EURUSD Intraday - We look to Sell at 0.9992 (stop at 1.0042) The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Reverse trend line resistance comes in at 0.9995. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 0.9881 and 0.9850 Resistance: 1.0000 / 1.0325 / 1.0800 Support: 0.9880 / 0.9800 / 0.9700 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
1
How long will EUR/USD parity last? After the EURUSD reached and broke below parity, an analysis of the situation is in order. Last week, the euro failed to close above 1.0320 and the 50-Day Moving Average, presenting a potential bull trap and setting up the opportunity for short sellers, as illustrated by the orange circle. Although the pair broke below the parity on August 22, a decent pullback is on the table, as investors become uncomfortable with the unusual valuation of the pair. One only has to look back to July 14, to witness the pullback in the EUR/USD after an intraday probing of the parity level. Bears should remember that we might still be in the middle of a downward leg. So, the medium-term decline may extend to new depths. 0.9900 has already been tested and rejected but a more granular look at the candles might be necessary at this point. The intraday battle The EUR/USD spent most of its time consolidating below parity, organizing near 0.9930, before the London opening and strong European data was released. On the hourly chart, you can see the first of the two big blue candles forming after consumer confidence in the Euro Area rose by 2.1 points in August, from a record low of -27 in July. Consumer confidence was expected to slide further into negative territory, so the upwards revision came as a surprise to the markets. Two subsequent hourly candle wicks broke above parity to test the staying power of a below-parity EUR/USD. For now, Support is building below 0.9960. In the short term, the market might need to work a lot to take out buyers at 0.9900.
by BlackBull_Markets
Will the GBP be the next to hit parity with the USD?After the euro made a once in 20 years slide to parity with the US dollar, one might also ask: will the British pound be the next to cross parity with the American dollar? The GBPUSD pair has been consistently in a downtrend since last year. Traders and investors are now on their watch as technical indicators may show signs of a possible move towards the parity target. One of the most used indicators to determine the trend and price movements is the Supertrend Indicator. This indicator is widely used for trading markets and provides buy and sell signals in a trending market. As the name suggests, this indicator acts like a moving average or a MACD. A very simplistic way to use this indicator is to buy whenever the price closes above the green line and sell if the price closes below the red line considering the current market trend. On the daily chart, we can see that the GBPUSD made a rebound at around 1.1800 after it made a fresh 2022 low. With the use of Supertrend and a 200 EMA period, we can identify that the price is still in favor of moving further down. The indicator gave the initial sell signal last month for a continuation to the downside; since then, the price has tumbled even further. With this information, we might expect the price to continue moving down and possibly hit the parity target. However, if the indicator flips to green, a possible pullback to the upside before continuing further down may also happen in the short or mid-term. If this happens, traders may want to wait for the indicator to give a sell signal before taking a position.
by BlackBull_Markets
Is that the bottom on EURUSD?The main questions that we get right now are if that's the bottom and are we going to see a reversal. The downtrend is really strong and we're expecting to see a breakout of the 1,0000 level. Right now, we're in a pullback and we would expect to have more selling opportunities once it ends. Such opportunities would be if price manages to push higher to around 1,0150 and it then reverses. The targets will be again a retest of the lows and also a possible breakout. Therefore, the trend is still valid and we should see a new lower low!
by ForexTrendline
5
📜EURUSD AT PARITY🏺Parity definition: the state or condition of being equal, especially as regards status or pay. "parity of incomes between rural workers and those in industrial occupations" EUR/USD sinks early this week, hitting its lowest level in nearly two decades and flirting with exchange parity Fears that Russia may indefinitely shut down gas supplies to the European Union appears to be one of the main bearish drivers for euro June U.S. CPI data will steal the limelight this week. The report could act as a bullish catalyst for the U.S. dollar if inflation continues to surprise to the upside. short at a perfect entry at 1.232. called Parity mode On early this year. in what has been the perfect forex short for FXPROFESSOR. EU must wake up and have a voice in this world. the FXPROFESSOR
Short
by FX_Professor
25
Euro above parity by a threadIt is looking like July 2022 could be a memorable month for the euro, but unfortunately not for the right reasons. EUR/USD is within a whisker of dropping below parity with the US dollar for the first time since 2002 and the risk of a break below parity below in the coming days remains high. In the North American session, EUR/USD is trading at 1.008, down 1.00%.  The euro, along with all the other majors, is seeing red against the US dollar today. The markets have reacted to the surprisingly strong non-farm payroll report on Friday, as the June gain of 381 thousand surpassed the May reading of 336 thousand and easily beat the consensus of 240 thousand. The unemployment rate remained steady at 3.6%, while wage growth grew by 0.3%. The solid employment report has raised expectations of another 75bp hike by the Fed at the end of July. A 75bp move will substantially widen the Europe/US rate differential, which is contributing to the euro's sharp descent today. The ECB holds its policy meeting six days ahead of the Federal Reserve, on July 21st. This meeting will likely mark the lift-off for ECB rate hikes, with another increase expected in September. The ECB has been scrambling to catch up to the inflation curve, as it badly misjudged the staying power of high inflation. ECB interest rates are in negative territory, and a modest 0.25% hike, the most likely scenario at the July meeting, may not do much to boost the euro, although perhaps the perception that the ECB is finally tightening will provide some support to the ailing currency. On Tuesday, Germany releases ZEW Economic Sentiment. The index has been mired in negative territory for months, indicative of strong pessimism about the economic outlook. In June, the index came in at -28.0 and this is expected to worsen to -40.0 in July. EUR/USD is putting strong pressure on support at 1.001, just above parity. Below, there is support at 0.9849 There is resistance at 1.0124 and 1.0221
by OANDA
GBPUSD:Parity is coming!GBPUSD Intraday - We look to Sell at 1.2055 (stop at 1.2110) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 1.1900 and 1.1840 Resistance: 1.2015 / 1.2155 / 1.2275 Support: 1.1840 / 1.1500 / 1.1330 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets