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EU

Potential trade idea for EU next weekLast week we saw multiple structures showing signs to the upside for EU. Looking at the structure now, it looks like that upward move is done and we will see a strong downward push for EU this week. Thanks to the yields frenzy last week, we saw USD gain massive strength pushing down all the majors. Due to this push down, EU broke the bullish structure. Now I am expecting a correction up to the 1.21 are before a massive move downward. But note, we could see a pullback as high as 1.215 but I feel there is less confluence at this level than the 1.21 area. If we get the strong downward impulse, I am expecting it to go all the way down to the 1.842 area. It could even go as low as 1.1783 as we have a monthly key level down there or maybe be cut short and only make it down to the 1.9 area where we have another monthly key level. Remember, price action is key and the most important thing to follow as things can change at any moment. Let me know your thoughts. Trade Safe! HEET
Short
by AfterlifeTrading
🔰 Euro facing the Dollar with more strength to go higher 🔰🔻 EURUSD Daily Candle closed as Doji ( Doji means a slow movement in the market as we mentioned last night ) - The EURUSD takes its bearish trading from DXY strength 🔹 A breakout above the last HH ( Higher High ) will give us a bullish confirmation for a Bullish Daily Closure 🔹 The Intraday Support from here is 1.2125 then 1.2000 as a major support ✅ We will face high volatility if we get a Bullish Closure after two Doji candles
Long
by PipOfLife
eur/usd BULLISH 8hr harmonic M Classic M pattern on eu. Although it looks like a H&S on a larger time frame. i believe it has found support. on a fundamental side, i dont believe this nfp week will be good. employment isnt where it needs to be, biden has rejected the GOP $618B stimulus package. Democrats are taking their first votes Tuesday toward passing a $1.9 trillion coronavirus bill, potentially without Republican support. President Joe Biden met with GOP senators, who are offering a roughly $600 billion proposal. (we know he declined it) The budget resolution Democrats put forward would allow them to pass stimulus checks, unemployment benefits, vaccine distribution funds, and state and local government aid. - via CNBC
by SlattYSL
2