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EURUSD Fibonacci Support Resistance Zones: EU as of Jul 1Updated from my last Zones posted, linked below in Related Ideas. Some new zones became apparently with the recent moves. But all in all, the sideways move was keeping to the zones quite precisely These zones are calculated using Fibonacci Ratios of past price moves. Fib extensions and retracements are projected forward in time and price. If price bounces or reverses, it will probably do so at one of these zones. Some zones will match previous highs and lows, since Fibs are derived from the extremes. Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones. Zones that are far from current price will be either WIDE or just a LINE. Just a line indicates important Fib Ratio. Where prices overlap on the zone lines, drag the Right (price) Axis up to magnify and reduce overlap vertically. There are zones above and below the current price range, Drag the Chart up/down to see other zones. Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame. I will update as new zones are defined by upcoming Fibs.
by EuroMotif
6
EURO rally with USDThe EURO has rebounded on the fib retracement 78.6% (1.15$) and has already left the support-zone to the top. Hence it has entered the next wave - leading to prices above 1.20$. In that area we see a crossing point from a horizontal trend line and another descending trend line. RSI and MACD have turned, with the trigger line above the signal line (orange). Much way to go before they´re reaching overbought areas. Fundamentally the EURO should be weak, because it´s not very probable that Draghi will tighten the quantitative easing in next time; meanwhile the FED has already done some steps in raising interest rates and has announced some more in this year. Therefor I expect the rally of the Euro to be short and I expect it to fall against the Dollar at the latest in autumn.
Long
by Luettis
How to trade EUR/USD on the Daily Timeframe [FULL EXPLANATION]Trading EUR/USD on the Daily Time Frame: Delete the noise, patience wins Here I present a textbook trading set-up + a fancy little indicator known as the EAG Yume Wave. First we need to set up our parameters, what is confirmation and what isn't? Your analysis does not need to be over complicated, you want to be considering the key/strongest variables when you are creating your final equation. You can backtest multiple indicators, I usually play around with ichi, different MAs and a couple of momentum indicators and the RSI to see if I can make anything work. Here are my personal EURO/USD Daily TF Trade Parameters and WHY I have chosen them~ 185 EMA This has acted as a really good measure of resistance all the way through EUR/USD's last few months. To find this I played about with the settings. Fibonacci lines and extension These allow me to see all the individual lines to trade from and where my points of confirmation will be when a fib line gets broke. Trend lines and horizontal support & res Important textbook trading skills that should line up with my other indicators and fiblines. EAG YUME WAVE Indicator Watching for the twist and then watching for if the Miaku can provide support on the downfall. Volume + MA Volume in traditional markets can help us confirm where potential bottoms are with good buy backs. Do bear in mind there is the risk of a volume divergence hence why I am neither bullish nor bearish UNTIL we get some form of confirmation! If you learnt something or just want a chat about how I trade add me on Discord: Xander#5055 A follow and a like would be greatly appreciated for my time :D ~Xander
Education
by XanderCrypto
4
EURUSD - Trapped in a Big 500 Pips Range. What's Next??Good evening Traders, Like I promised, here is my short EURUSD -0.04% daily analysis. You can see that EURUSD -0.04% is in an intact uptrend. A simple definition of an uptrend is when the market is doing higher highs and higher lows. Now, I identified for you 2 very important things. Let's start with the first observation. 1.) First of all the EURUSD -0.04% is currently retesting the resistance now acting as the new support area of around 1.2074 (09/08/17 peak). The current pullback is a normal behavior. Markets tend to retest the last broken highs before they start a new rally. 2.) The second very important observation is the 200 day moving average. The last time the EURUSD -0.04% tested the 200 moving day average was at 05/11/17. You can see that on that date the EURUSD -0.04% retested in a pullback the 200 day moving average bevor a massive rally occurred. First of all, I need to mention to you that I am not expecting a similar rally like we had a year ago. However, I am expecting a pullback to the upside in the EURUSD -0.04% to retest the broken trendline or to at least stay in the range between 1.2557-1.20736. Recap my 2 possibilities: - First one is the black one (drawn on the chart) We could see a pullback higher without making a new low below 1.2020. - Or the second one (dotted line) it makes another new marginal low below 1.2020 and starts a pullback higher. This view will be invalid once EURUSD -0.04% closes with a daily close below the 200 moving day average. I hope you enjoyed this view. Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view presented is not any trading recommendation, just personal view.
Long
by TradeFxTrends
EURUSD bullish sharkThe Shark Pattern The Shark Pattern is dependent upon the powerful the 113% Reciprocal Ratio @1.2223 works extremely well retesting prior support points 1.13% as a strong counter-trend reaction. Represents a temporary extreme structure that seeks to capitalize on the extended nature of the Extreme Harmonic Impulse Wave. Demands immediate change in price action character immediately following pattern completion. Extreme Harmonic Impulse Wave utilized depends upon location of 113% level – Requires an active management strategy to capture high probability profit segments. Good luck,,, Thank you ----------------------------------------------- Do not read and leave... Like, Comment and Follow ,,,, its' so easy :)
Long
by AnaKingKong
EURUSD Retracement completed , but not yetEuroUSD has completed its retracement of 61.8. Now it should try to go touch 1.25 again. Trying to overcome the selling pressure will be a difficult job, because 1.25 has already proven itself has very strong Resistance point , and similarly 1.225 has proven to be strong support zone. What happens next , is anyones guess. Deponding upon market sentinment 1.25 should be breached, but not w/o firefight which means bloodhed i.e.. USD will appreciate in value. trying to pull the price below 1.22, then again try to break 1.25. In short it means, it is gonna swing side ways, no clear signal of trade. So it is No trading zone. Only with brave hearts and loads of waste money should try their luck. My opinion: Stay out of it. PS: All the opinions are mine and mine only, i am no way trying to influence your trading decision. Its your money, you have to decide what u do with it. Thanks KryptoTimes
by kryptotimes
EURUSD retestTrendline from May 2017 low been retested 3 times and has not been broken. Resistance at 1.25500 still not broken, short term resistance around 1.2200 still not broken also. EURUSD still looking bullish. Price currently testing fibs level 0.236, expect to retest level 0.382 (short term) before bouncing back to 0.236 and above. If price breaks 0.382 level, could be the true start of the EURUSD bearish trend if long term trendline is broken. Long - 0.382 holds, short - 0.382 breaks
by stagg91