Get started

Eurousd

EUR/USD where to ? Hello traders, As expected, the pair broke the previous support at 1.09 today and resumed the bear trend printing a new YTD level around 1.0880. German retail sales and inflation data disappointed, which fueled the move. In my opinion, those economic figures did nothing more than speeding up the move which was going to happen anyway according to technicals. Today's candle is a strong bearish engulfing, expecting the move to resume in the days ahead. Bears should watch out as we are approaching a critical support in the 1.08 neighborhood which is the 50% fibo level and weekly gap back in 2017. Resistance levels are: 1.0927-1.0960 Bearish view won't get weaker unless the resistance line is broken (shown on the chart) which is today near 1.1050. Don't forget it's a busy week starting with manufacturing, services PMIs and CPI for the Euro-zone, and most importantly the famous NFP on Friday. Good luck and always use SL.
Short
by RamziAbouAbdallah-CMT
2
EURUSD formed a bullish cypher | Upto 12% move expectedAfter formation of BAT pattern priceline of Euro / US Dollar famous forex trading pair has formed another harmonic bullish Cypher pattern and entered in PRZ area to hit the sell targets soon insha Allah. Even thought B leg is retraced upto 0.307 rather than 0.382 fibonacci but rest of the pattern is behaving as required perfect cypher therefore I am ignoring this difference. Volume profile of complete pattern is showing less interest of traders at this. Stochastic is oversold but did not give any bull cross sofar and MACD is still strong bearish therefore I would suggest to wait for MACD to turn weak bearish or for bull cross signal from Stochastic then buy. The potential reversal zone can be used as stop loss in case the complete candle stick closes below the PRZ area. I have used fibonacci sequence to set the targets: Buy between: 1.11999 to 1.08206 Sell between: 1.14961 to 1.22104 Regards, Atif Akbar (moon333)
Long
by moon333
EUR/USD short term rallyAfter printing a new low near 1.0925, the Euro found enough buyers to recover above the 1.10 level and is now trading near the first resistance at 1.1040 which is the 23.6% Fibo retracement of the latest decline. Also, looking at the recent candles, the recovery doesn't seem to have ended but is also facing critical resistance near 1.1060 and a potential big stimulus package from the ECB, expected to be announced during its monetary policy on the 12th of September. It is worth noting the descending channel the pair is trading in, a potential support/resistance area to trade in. Good luck.
by RamziAbouAbdallah-CMT
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1225. TP4: R2=1.1245. Set the stoploss of these orders at breakout of S2=1.114. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.114. In this situation, there is an expectation to reach the target S3=1.1065. Set the stoploss of reverse orders at breakout of S1=1.116. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
5
Euro / U.S. Dollar 2019 AnalysisHi again, First time doing Fiat Analysis, but why not? :P it;s the same for all charts so, i believe it's a good time to start moving around to some interesting Charts. So, again, this is only presentation. Ill be working with this one in larger time frames because it's a lot different from cryptos and it does not have the same volatility. It moves all different, and that, i like it as a challenge ;) We are moving on a downtrend channel as you all know. I Expect the price to keep falling from now till 21 to between 1.05 and 0.97. i'll get into deep every time i can so. Let's just start with this part by now since there's a lot of information going on already in a Month Chart, but ill be moving around in different time frames. We got the Channel, Fibonacci and Chuvashov in Place. And as usual, there's a Fractal going on that ill try to explain later on. So, hope you find as usual interesting and helpful to a better understanding on how markets works with fiats. Stay tune! ;P Cheers! Charter X
by CharterX
3
Sell EUR/USD on Fib Breakout and Fib projections 161.8%Selling Eur/Usd on breakout fib retracement 61.8%. looking to find new low or at least 161.8% on projections fib line. Fundamental: Not really much changed last week. We stay short on EURUSD for longer period of time. We still believe that rate cuts will not come that fast, on top of that Europe starting new program to boost ecomony which wil influence euro on the short side. Risk note: DXY, is around reasonable techincal sell zone. So we m8 see a drop in DXY which will cause a demand on Euro/Usd
Short
by AppY-Crypto
The "Pulse" of an asset times Fibonacci: EU minor Impulse ReduxQuick plot to observe EU after FOMC rate decision. "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least the first approach if note more. This is part my ongoing series to collect examples of my Methodology. . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
by EuroMotif
What's next for the euro ?EUR/USD failed to surpass the 50 SMA around 1.121 two few days ago and fell to lowest level since May 23 and just few pips away from YTD lows. The technical picture remains bearish, as long as resistance trend line around 1.126 remains intact. However, on the daily chart we have double bottom at around 1.1105-1.1110 which is holding the bearish continuation of the trend. Breaking this level will trigger a strong fall towards 1.10 level. The pair is now trading around 1.113 and looks like a bearish pennant-continuation pattern is being formed on 1 hour chart. Fundamentally the picture hasn't changed much and it is clear that the market sentiment is more tilted towards the us dollar. Support levels: 1.111-1.1107-1.1050-1.10 Resistance levels: 1.118-1.121-1.126 Good luck
Short
by RamziAbouAbdallah-CMT