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US-DOLLAR

EURUSD: Decade-long path to parity hey traders, I hope that you all enjoy holidays :) now we have a perfect time to talk with you about a long term perspective on different financial instruments. I decided to start with EURUSD. From 2008 the pair is in a strong bearish trend. From the current perspective, it looks almost inevitable that in the next few years we will see parity between euro and us dollar. now the market is proceeding to a current market low 1.05. taking into account the average annual trading range I believe that with a high probability we will be there next year. The bias remains bearish and for now, we don't see any indication in a change in market sentiment. keep following the pair within the underlined channel. P.S I am not a big fan of fundamentals but I want to hear the fundamental view on EURUSD so feel free to share your thoughts in a comment section!
Short
by VasilyTrader
13
EURUSD: Update and Potential Short this is the update for my previous post on EURUSD . The price has reached the key level of resistance and yesterday we saw a nice rejection from 1.109 level. Currently, the market is trading within the horizontal trading range 1.106 - 1.109. For confirmation, wait and sell only after a bearish breakout of the range. This breakout will also signify a bearish violation of a bearish flag pattern and, most likely, will cause a strong selling movement. Our target levels will be 1.104 1.1 *if the market goes higher and closes above the range our setup will be invalid
Short
by VasilyTrader
1
AUDUSD: Complete Indecision hey traders, it is an educational post on AUDUSD . I was asked a lot during this morning about AUDUSD future market direction for this week. for now, it is quite complicated to say exactly. * from a bullish perspective, the pair has just reached 0.68 key structure support level.
and after a strong selling reaction from 0.69 it can retrace with a high degree of chance.

 * from a bearish perspective, the market has retraced to 0.682 strong level of resistance
+ has just touched a minor falling trendline
 for confirmation of a market further direction pay close attention to 0.68 - 0.682 range, the side of the breakout will determine the market further direction. Please, support the idea with like and leave a comment, thank you!)
Short
by VasilyTrader
4