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Eurousd

EURUSD: A Technical Approach to the Euro Currency 1D (Jun. 28)X Force Global Analysis: In this analysis, we take a purely technical approach to the Euro's daily chart. Analysis - We can first spot that a bullish adam and eve pattern has played out - After testing its previous high, the Euro is consolidating within a descending parallel channel - The Relative Strength Index (RSI) is currently trading at neutral zones - Indicators create lower highs and lower lows along with the price - The Moving Average Convergence Divergence (MACD) has formed a death cross, but the bearish histograms are inconsistent - The Bollinger Bands are narrowing, which is a sign that a big measured move is highly likely to take place - The bullish adam and eve pattern may be the bigger 'cup' part of a cup and handle pattern What We Believe Considering all technical factors, we believe that the probability of a bullish breakout is high, interpreting the current move within the descending parallel channel as a consolidation. Trade Safe.
Long
by XForceGlobal
3
EUR/USD 4H Head and Shoulder pattern and more bearish signs!EUR/USD has had a strong couple of weeks, but after the bearish divergence and breaking into the Ichimoku cloud towards the downside today, it looks more and more like it will retrace a bit. On the 4H it also formed a clear Head and Shoulders pattern which makes the trade setup nice and easy! Stop loss above the neckline and see what happens. Be careful leverage trading is risky so manage your position sizing accordingly! If you like my ideas and the work I do, please check out the links in the signature and smash that like button ;).
Short
by VrotteOtter
EUR/USDGood Day Everyone! Made some analysis regarding EUR/USD. Color Legend: Purple - Monthly Blue - Weekly Red - Daily Green - 4 Hour White - 1 Hour To get "straight" to the point. First look on the daily is showing us a strong Up trend, confirmed by a cross of the 200 EMA. Now ideally we can wait for a re-test of that area, the Daily closing candle is a Inverted Hammer/Shooting star. Usually a sign of a trend reversal, I'd wait for a confirmation of the uptrend, although I'm confident in its continuation. Regarding the Daily, a retracement is possible, and expected, to confirm the trend. We closed the 4H with a doji/spinning top. Sign of an undecisive market. 4H showing clearer sign of a possible retrace towards 1,10640 The 1H is showing us an inclination to a continuation of the Bullish sentiment. We closed with a Inverted Hammer. It's a clear sign of a reversal, possible retrace. Expecting to retrace to 1,10640 as mentioned before, after finding support it is expected to continue in the upward move. On the 30min we can see 2 tweezer tops. Confirming the previous bullish sentiment and a trend continuation. Pivots are supporting the expected move towards 1,10640 - 1,10675 as there is a S1 Pivot Support on the hourly in those areas. Please DO leave a comment, if you see it differently or if you agree. Possibly if i missed something feel free to leave a comment! Every feedback is appreciated, after all we are learning something new every day! Disclaimer: This is not a tutorial! Neither a Signal, please take care of your accounts and manage your risk well when trading/investing! If you are a beginner or a pro doesn't matter, feel free to join our free trading group where we are putting together interesting, educating content for traders like you & me! Everything free of charge as I feel its my duty to slam a hammer on the fake gurus out there who charge ridiculous amounts of money for their courses and in the end it leaves you in the RED!
Long
by im_MrTony_
3
EURUSD Pair: Time to DROP!!!Honestly one of the easiest pairs to trade, a standard beginner pair for all beginners to start with, I was introduced immediately to the EURO DOLLAR pair by a friend as I was interested into expanding into FOREX from my crypto trading background and after trading a short while in commodities WTIUSOIL and Gold spot XAUUSD. Very predictable pattern, we see EURUSD hitting the months long strong resistance levels @ 1.09954 where it has been encountering major rejections. A strong bearish cnadle in the both the H1 and H4 confirms the reversal trend towards the DOWNSIDE for a SHORT opportunity, take profit at the nearest support levels @ 1.08857 I expect the Geramn bank and EU disputes to increase selling pressure on the EU further, combined with a pullback on bearish momentum on the dollar, this will bring EURUSD down further. As always, trade carefully with stop losses and feel free to like and comment if you enjoyed my ideas! Lets look forward to more profits on this journey together = ) Best Regards, GOLD D ROGER
Short
by Gold_D_Roger