BUllish on USDEUR 1/60.It seems like a correction to ABC. I have three levels that I think we might temporarily correct to in what is otherwise a bigger correction. I am watching for 0.850, then 0.852. 0.856. Not financial advice.
USDEUR
Sell USD through NovemberHere is another index chart USD vs EUR and Chinese Yuan combined (two biggest trading partners of the USA) from which you can see massive bearish engulfing after price broke yearly floor.
Even more bearish breakout from consolidation is observed on USDEUR*USDYJPY chart.
You can not see this well if you look just at EURUSD or DXY (which does not even include Yuan) charts. EURUSD should hit 1.22 by the end of this month. This is what I was speaking in one of my posts a few days ago, a missing 3rd bullish Elliott wave in EURUSD daily. See (its "upside down" from the chart above - means bullish eurusd rallies through November) -
EURUSD 1H TRADING PLANI expect eur/usd to move very similar to how i have charted it out here, with a pullback then trend continuation. Final post! been a great 100 trades thousands of pips made! hope ive helped along the way! thanks for your support
Buy - Short termTarget 1.172/1.174
main Stop Loss at 1.167
*Disclaimer : I just share my view. Please trade with your own and comfortable ideas.
The threat ahead- Analysis on a bigger time frameIt has been true that markets were mainly driven by USD weakness and strength for the last few years.
Dollar strength means mostly deflation for everything else, including Crypto as well.
This USD vs Euro graph is a bit concern for me.
On weekly basis, the parity is squeezing in a flat bottom triangle, and targeting sub .70 area, a the end on the long run.
Also in the mid term, it points to a USD strength, which will probably hurt major asset groups that are priced in USD.
If this triangle is not broken upside, most probably it will end up at 1.05 area .
Keep in mind that the chart is weekly and the target needs some WEEKS to be delivered.
USD Long term attitudeUSA in long term move toward weaker currency.
Probably because of export position in world and fight back China.
In mid term probably trump empower export position in next presidential for 4 year.
Trading RangesExpecting trading ranges between 1.1773 and 1.169.
Now it seems best level for selling with the stop loss of 1.181
#currency
*Disclaimer : I just shared my view. Please trade with your own and comfortable views.
Buy EURUSD#EURUSD
Little Target 1.66
Stop Loss at 1.61
*Disclaimer : I just shared my view. Please trade with your own and comfortable views.
Sell EURUSD - Mini TargetMini Target 1.185 for short term
Main Stop Loss is in 1.189
*Disclaimer : I just shared my view. Please trade with your own and comfortable views.
EUR is overbought and has been struggling with major resistanceHello everyone,
In this chart you can see the major EUR/USD longterm downtrend. And as we can now see the Euro has come up to a major inflection point.
Currencies turn over a longer period so we should still see 45-60 days of chopiness between 1.18-1.20. And then I'd give a 70 % Probability of the Euro going down against the dollar.
Though most recently the (the last few days) the dollar has weakened more although still within the parameters of this trade. A weekly close could give more info on where the Euro is going.
For perspective check out the other ideas linked below.
Thank you,
Stay safe, stay liquid.
USD/EUR (Y20.P3.E1).Approaching key level Hi All,
I have drawn the structure and reasons for price action.
The 0.318 level will bound to give a bounce and when looking at the overall Elliot wave correlation, its wave E of a complex wave which should break up and the USD regain lost ground against the EURO
Weekly indicators supports a reversal coming as the bottom is near.
Monthly chart
Please give me like or tick for this post.
Regards,
S.Sari
EURUSD - Correction is comingNothing really changed from last week. Euro tried to close above 1M Trendline and got rejected for the 2nd time:
This fact signals that Uptrend is getting weaker and weaker, so we should pay great attention to local Support/Resistance Zones:
It is recommended to open SHORT/LONG positions ONLY from the local zones.
Also, make sure that you've checked my recent DXY idea, as it is closely related to this chart.
Good Luck!
