This pair is falling with in a down ward channel, an intraday set-up potentail good risk reward trade to test channel bottom to the down side
Following positive news on consumer and industrial confidence , service sentiment and business climate gives us positive outlook on eurozone. Technical analysis confirmations 1-Daily and 1H MA match 2-Price rejecting Daily MA21 3-RSI 6 divergence 4-Price formed strong pin bar at significant previous low on 4H chart. 5-Good risk-reward 2:1
Following positive consumer and industrial confidence reports , business climate and industrial sentiment gives us a strong fundamental positive outlook on EUR. On the technical line we have multiple confirmations 1-Daily and 1H MA match 2-RSI 6 below 20 3-Price rejecting 3rd touch trend line plus previous high test in/between MA`s 4-Price rejecting 0.5 Fib...
Here on the Euro I am expecting a huge bullish increase throughout this first week of the year there may be an intense pull back to trap the incoming and the year end sellers but for the overall directional bias on the Euro Usd I see gains for the Euro over the dollar. Look for long positions , and only react to price action!!! happy trading
Here I remain Long on the EUR/USD. The USS still continues to show signs of weakness and bearish decline. I have analyzed the daily time frame here in my attached figure. I expect a small bullish run for the EUR to at least the 1.18200 level before we begin to see if we will continue back up in the 1.19000 levels or higher.
Here i have identified a long opportunity on the EUR USD currency pair, with the lower interests rate in the near future for the USD I see the EURO taking full advantage of this situation and achieving some major gains in the next few weeks ahead. I am going to be taking long positions in similar variations to what I have described here on my charts. Happy Trading !!
Hello Traders, EURUSD has formed a Wolfe Wave in H1. Both Gwaves and my Model are pointing to the same area (highlighted in green). I don't expect new highs to be taken out just yet as the larger time frame suggests lower lows (see related link).
The breakdown of consolidation is more likely up.
Failing to close below 128.5 area - now we see a break from the triangle to the upside. Expecting a retest of 130.5 area followed by 132.2
Possible scenario for the game on the news.
Posted earlier on my telegram - t.me We see a revisit of the previously broken falling trendline / top of bullish pennant. This area also hold fibo confluences and previous structure- and resistance zones. I use this area as a first level to put on another set of buy orders with targets 1.13 and 1.14. We might even see a retest of a previous strong resistance...
EURUSD new Yearly Highs. The yesterday Daily breakdown through the Lows, was a Bear Trap. Now we can see a climb to new Yearly Highs. First Target is the area by 1.1250 and next Target is 1.1350 In my view it`s possible that fresh Sellers comes by 1.1250, this Sellers are important, for new fresh Highs. Good Luck Michael
Time to get long EUR. Speculators have turned net long Euros for the first time since 2014 - when ECB started aggressively easing, and EURUSD was above 1.30. Technically: A medium term trendline at 1.10 has been broken. 1.10 psychological round number taken out. Fundamentally: Euro area has large current account surplus vs US - should drive flows...
Expecting Euro to be in full control in the second half of 2017 and 2018. I think the move up is the wave C of the monthly trend correction. There is a big chance this C wave is going to extend and form the first wave of the new long term uptrend. Buying the dips seems very tempting.