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Eurousd

EURUSD Support ComingEURUSD entering a support zone that hasn't been breched yet. Keep in mind that this is also the neck line of the double top formation that complete it's last leg this today. A combination of a psychological area and demand for the eurousd in zone 1. I'm placing my stop market order accordingly just incase it breaks zone one. Another observation I should note is that the Euro hit a massive resistance zone on the weekly chart that puts us in a bearish trend. Hope this analysis help everyone. I should also make one last note that Zone 1 support has a good chance of failing due to prices leaving the area in a stair stepping manner but it is a zone nonetheless.
Long
by Agentzereo
SELL EURO USDJust sold EURUSD and the target is rather close. 1.2388 which is Asia LOW. But It looks like Europe will challenge it so went short FULL CAPACITY as after that there is a nice drop potential of 60 pips. The EUROUSD is ridicolously high from a MACRO perspective and my WEEKLY chart is heavilo short with a huge divergence building up on the RSI, this is without mentioning that on the monthly chart last week we hit the upper channel of the SECULAR Downtrend of EURO since it shorted at 1.3950. I am posting the hourly chart wher ICHK is really short. Volatility will pick up at 10:30 AM as usual, just be careful with the lunch pullback when traders go eat and US traders come into the market...the latter loves to hit the daily stops of European traders (it s a game that has been ongoing since I started trading :-_)))). This signal is a DAY signal, but EURUSD is short on charts from 1 Hour up to the Monthly so don t fight the trend and rather go with it, try not to take long positions, even if pullbacks may be interesting the risk on the downside is always too High when we are close to a TOP without mentioning that as a contrarian indicator the medium term market is heavily positioned long EURO (record highs of long EURO contracts hit this month)...So imagine the stops below. A lot of S..T to u all
Short
by TheForecaster
EUR USD Daily Analysis We are going down for the time being Hi everyone Eur usd from analysis on the break of lower low and pitchfork lines has shown me we are going down so my if then statement is as such: If this market continues to take out the previous buyers going down then I will set my tp to either the first tp or second depending on how deep we go in the market: I am looking for the euro usd to keep going back up long term trend is bullish but this is a little pit stop to get on that way up your friend Kris any comments or ideas on pairs you want me to look at let me know www.mymentortv.com
Short
by mymentortv
Why EURAUD is such a STRONG BUYHere we have EURUAD I believe this is one of the best BUY opportunities we have in the market. Weekly bullish convergence with a daily 2 waves retracement towards the 50% level on the convergence move AND the 100% level of the two waves ALL ENDING IN BULLISH DIVERGENCE! What more do you want? We have 2 waves up, two waves down (double-double) so what's next? A duplication of the two waves up to form one complete 2 waves, or we end up in a range! FULL STRATEGY EXPLAINED BELOW: I have outlined the key strategy here, including TWO price targets to grab for. However after reaching 1.52050 level, watch for some sort of pullback. From there, we watch very closely. If the pull back results in a move that ends on a four hour or one hour chart with a bullish divergence, then this pullback is part if the two waves up and our first target is 1.5418. IF the pullback is NOT producing a bullish divergence on a lower time frame, then we are probably ranging back down to 1.44955 area. Then we reevaluate!
Long
by samblum_