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Eurousd

EUR/USDHello traders, As seen in the chart above, a triangle formation is clearly formed on the daily chart keeping the prices sidelined for the time being. Markets have been affected heavily by the covid-19 and its highly negative economic impact especially for the Euro zone who's been struggling before then. Technically, a triangle formation is neither bearish nor bullish and the breakout can occur in both directions. What is known here is once the breakout is there, we can almost project our target by measuring the apex (distance between bottom and top of the triangle) which are 1.064 and 1.114 respectively, a 500 pip move. So, as soon as the breakout occurs traders can expect a target between 400 and 500 pips. Personally, given the recent developments in the worldwide economy and the Euro zone specifically, I see a breakout to the downside more probable which might take the pair towards parity. My opinion is also supported by the long term down channel also seen in the chart. Remember to always use your stop loss wisely and trade safe.
Short
by RamziAbouAbdallah-CMT
1
Euro/Usd : Price likely to test April low 1.0725 Euro/Usd dropped to the second Fib support 1.0846 as the Germany's court demands justifications for ECB's mass bond buying program . The pair failed to break the 100 day exponential moving average (1.0975) last week ,although price made a high around 1.01017 area . Technically , breaking the 1.0846 short term support,price likely to test the third Fib level 1.0798 and further to the April low around 1.0725 . We have a busy week ahead with plethora of data , ISM Non-Manufacturing PMI later on followed by ECB President Lagarde Speaks on Thursday and the Non Farm Payrolls on Friday . Support 1 : 1.0846 , Support 2 : 1.0798 SSI : 65/35 (Buyers/Sellers) Trend (short term) - Down Trend (Medium term) - Range Major Resistance : 1.0975 ( 100 day exponential moving average)
Short
by Alremeithi
2
The closest observation at what is happening EUR/USD,Price Range: This range has attracted buyers, one again price was entered into this attraction, and buyers were seen active. Buyers lost their control against sellers and price was pushed down with average volume. Invalid Diji / Suspicious Alarm : Compare to surrounding 3 candles volume, Doji has an extremely low volume that indicates suspicious activities started. Rounded Pattern: Whenever you see the rounded pattern which has low volume because of trader/investors, not interest that area of the range. From the 3rd of April, we are seeing average volume trading. Finally, If price move in a broad range with crossed average volume will our direction. For example, price cross Average Volume this week will be Bullish in price next few weeks. In the last update: I suggested to buy EURUSD:
by Trade-Technique
65
EURUSD | Trying to find a strong support | Next Week AnalysisHello Friends, (A) ON THE BULLISH SIDE | Scenario One As buyers took profit on Friday at 1.0950, they are trying to come back using a good strong support zone level at: 1.0896 - 1.0884. Why? Because, at this zone you can easily see: 1- A very strong (very important) weekly level (now it's a support) at: 1.08900 2- Exactly at the same level, there is a 50% Fib. Retracement level, that measures a prev. bigger bullish trend that was established from 1.0635 to 1.11477, this trend broke 200DMA (27 March). 3- There is also, magically comes at the same level, another 50% Fib. Retracement level that measures the recent up-trend, that was established from 1.0830 (which considered as a prev. swing low) up to 1.09526. 4- At the 1H chart, you can see a 200HMA comes in to join the 1.08900 level, at 1.08863. So, 1.08900 is a buy level. However, you need to wait for a buy signal at a lower time frame. Profit taking can be at 1.1040. = Scenario Two = We come to scenario two, only if price closed above the zone level at: 1.0950 - 1.0965. In this case, we need to wait for a pullback to define buy entry level on a lower time-frame. (B) ON THE BEARISH SIDE Consider trend turned to bearish only if closed below 1.08300 which considered as a prev. swing low on the 4H time-frame. If that happened, then wait for a pullback on the 1H time-frame in order to define entry level. -------------------- - Energize your mind. - Plan your trade & trade your plan. - Do not trade the money you cannot afford to lose. - Your "Like" & "Comment" are very appreciated. -------------------- - Please, you may not consider this trading analysis as an investment advice.
Long
by raffetali2016
2
EURO Has Completed Bullish Setup Against US Dollar On Long TermAfter successful BAT A very big bullish Shark pattern: Hi folks, hope you are doing good. In my previous article on September 2019 I predicted that soon the balance between Euro and US dollar in the Forex market will be changed. As euro had formed a complete bullish Shark pattern against the US dollar pair. Before this Shark pattern we can also examine that from December 2015 to Feb 2016 the euro completed bullish BAT patter and started is very big bullish rally from the potential reversal zone of this BAT. The rally started from Jan 2016 and ended on Feb 2018. This time the bullish rally can be stronger than the previous one because this Shark pattern is more bigger than the previous bullish BAT as it was started from December 2016 and completed in March 2019. And this month we can see that the price line of euro has taken bullish divergence and hit the sell zone that I defined as per Fibonacci sequence of bullish Shark pattern. But after hitting the sell zone the priceline again dropped down in the potential reversal zone. Why priceline moved down in PRZ level again? Now the question is that what was the reason that stopped the priceline to completely enter in the sell zone to start a bullish rally. To know this we need to switch to the week chart. And here we can see that the there are four simple moving averages working as resistance. The 25, 50, 100 and 200 simple moving averages and the priceline is not able to cross up or break out even a single of them and moved down. A formation of falling wedge: On the same weekly chart we can also observe that the price line is moving within a falling wedge since November 2017. We can see two more touches by the candlesticks at the resistance of the wedge and after these two recent touches the resistance of the falling wedge is more confirmed. Now at this time the candlesticks are hitting at the support of the Wedge. I have also so placed the volume profile on the complete price action moving within this wedge and as result we can see that the trader’s interest is very low below $1.10 and the point of control of the volume profile is at $1.14. This time the price line is moving in the area where the traders interest is very low therefore there are strong chances that the euro will take the bullish divergence from the support of falling wedge and move up at least up to the point of control of this volume profile. Oscillators and indicators: If we see some indicators and oscillators then we can see that relative strength index (RSI) has already visited the oversold zone therefore I am expecting that it will not enter in oversold zone again. The moving average convergence divergence (MACD) is strong bearish and the stochastic is in bear cross. Once we will have bull cross from stochastic and MACD will be turned weak bearish from strong bearish then we can expect that the priceline will make another attempt to break out the resistance of the wedge. And once the resistance of the wedge will be broken out then we can expect a very powerful bullish rally that can totally change the market balance between Euro and US dollar. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
1
EURUSD - predestined to fail?Is this the destiny of EURO? Just to let you know, I never trade Forex so my analysis may be totally wrong. Still the economic situation is interesting and we should keep an eye on the EU and it's EURO. The EU has uncertainties all over the place and the EUR looks more and more like a currency predestined to fail. Imagine what the consequences would be for whole Europe. And once again, looking back to the days when the EU was founded, Switzerland took tons of criticism but made the right decision to stay out of it. EUR was heavily rejected and the chart looks terrible. I expect this one to drop to 90 cents. Happy trading!
Short
by Thierry88