Euro / U.S. Dollar

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Euro / U.S. Dollar forum



EURUSD Waiting for equal lows to be taken before pushing to the upside-
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EURUSD For those who have sent me private messages, my sincere apologies for not replying to you fast enough.

I'm trading on mobile by default and it doesn't allow me to see any of my private messages until I log on to tradingview on my laptop.

If anyone knows how to review direct messages on the mobile platform, do let me know! Maybe I'm missing something 😆

Keep up the good work traders! 🥪🥪🥪

EURUSD no clear direction today so far. A lot of liquidity grab on both side. I'm still on the sideline, still aiming for the short at 1.086ish lvl.
We have the daily pivot being respected so far today but the weekly is below at 1.0807 so I wouldn't be surprised if we were to take the last 4h low from last week before moving back up either.
Good luck and don't get chopped up!
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Here is our in-depth view and update on EURUSD Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels.

Alright first, let’s take a step back and take a look at EURUSD from a bigger perspective.

After making such a huge upside move, we are expecting EURUSD to have some sort of a correction or a pullback to the downside. After that we got a sell off on EURUSD and just today we hit the 50% correction level at around 1.08442. After failing to break to the upside we can expect more sells to be in play. Any breaks to the downside from the current price will confirm this. Although
DXY
is not as strong at the moment, it still is a global reserve currency. We seen that in play last week when we saw massive upside on
XAUUSD
and on
DXY
. We must understand that investors are also pouring their money into DXY as it is a global reserve currency. I still personally believe
DXY
holds more strength against
EXY
hence why I am still looking to short the pair.

Scenario 1: SELLS from current price

With the instant sell, we are risking a possible pullback and continuations to the upside however, DXY is looking like it will reverse. Failing to break to the upside can also be taken as a confirmation for potential sells.

Scenario 2: BUYS at the break of the Key Level (around 1.085)

With the break to the upside, we can expect more buys to come in play possibly targeting previous highs on EURUSD at around 1.09444.

KEY NOTES

- DXY possible reversal to the upside.

- Breaks above the KL and to the upside would confirm higher highs.

- EURUSD has completed the 50% correction to the upside.

- DXY is the global reserve currency.

Happy trading!

FxPocket

Check the full analysis: Idea: EURUSD - what’s next?
Snapshot

EURUSD Notwithstanding the analyses on the LTF M1, M5 and M15 charts, from a H1 perspective, price has decided to bounce off that HUGE OB.

Next few candles will be interesting with the fight between bulls and bears on the differing timeframes.

German CPI also releasing soon.

As always, best of luck traders 🥪 🥪 🥪

tradingview.com/x/j2QB0Wq6
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EURUSD Closed my short scalp at the inducement OB again, just in case another round of inducement happens and I have to wait again.

Good profit run for me! I'm done for today 🥪 🥪 🥪

Thank you for trusting in my setup 😆

tradingview.com/x/f0cIZGld
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