But just because the UK is fickle on leaving the EU for the WTO, its still not sure if ready to make the jump. EURUSD in the upcoming week will almost entirely be moved by Brexit, however concerns over a slowdown in European growth may be justified with more weak EU data, particularly in central bank speak on Tuesday, German CPI on Thursday, and unemployment...
The headline kind of describes this trade. Not much else to say technically beyond this. Fundamentally, I'll keep it short. EU growth is quickly declining. I think Brexit will speed this up which is fast approaching. If you want some more words and charts on Brexit, you can check out my analysis here: anthonylaurence.wordpress.com
Brexit and fundamental data are the most important components of EURUSD, but these long-term trend lines are probably impacting as well. Economic sentiment that came out on Tuesday was quite lackluster, pretty much like the overall EU economy. No more event risk this week other than Brexit. I wouldn't be surprised if the downtrend is extended, but my bias to...
WAITING FOR A BREAK OF TRENDLINE, HEADED TO FILL APRIL 2017 GAP
Hi guys, it's been a while since i last posted an idea. I wanted to share with you this simple setup i'm looking at right now. I've already entered short in this pair, for a bunch of reasons. First of all, we have daily structure looking left (that is always key), then you can see a big bat pattern completed from some hours, but also a double top with RSI...
Short at 1,14337 ;) only if trend line is respected
EURUSD is trading within daily resistance zone and has shown its hand of being bearish. This is a very tight stop loss trade, should be a great R/R if it plays out
The EURO is showing weakness against the USD. Actually it is heading to the sloping neckline of the underlying S-H-S formation. As the RSI is already deep a little consolidation is possible before the next drop could break the neckline. This could lead the EURO to prices around 1.08 USD. EURO in the longer run is still in the declining parallel channel, which it...
EURUSD has been on the rise for the past 3 days. Base on the chart, we are seeing that the price has probably ended its retracement, at least the first wave. An interesting pattern that has been occurring for the past few weeks is that the dollar always takes a turn on the last trading day. So with this structure, I'm betting that EURUSD will come down today.
Hi, After a successful EURUSD analyse ,again it's time for short Euro,As you see we reach our resistance and saw first signs of weakness here.Maybe we go little higher before next drop ,but we will reach my short target in,soon. First target is 1.163 Second Target is 1.159 Don't forget stop loss Good Luck
Ok Traders, EUR/USD is primed to go lower in my opinion. After A small Rally this last week to give back some gains by the dollar, the EURO is showing weakness yet again ahead of ECB Dovish comments to end QE. Despite that Being EURO Positive , the comments raised by the ECB will fool the market into thinking that Inflation is not coming soon and that Interest...
The EURO has rosen up to 1,24 USD. But still it had been in the peak of the triangle. The upper line coming from was formed by the lows in 2010 (june) and 2012 (july), the lower line is an ascending trend line; the beginning of this trend in 2017 (march). A third line crossed the peak - a swing trend line at 1.23$. The fight between bulls and bears around this...
eurusd - daily chart - I am expecting a pull back on monthly chart for eurusd so expecting a 200-300 pip drop presenting us with a good swing trade and great risk to reward.
The case for a USD/EURO short seems to be strengthening. It seems as if long-run expectations of the USD/EURO pair has favored the euro with its rebound in economic growth and subtle increases in inflation. However, the market may be dismissing the US economies strength as the Fed has more or less confirmed 3 rate hikes in 2018 as well as leaning towards a 4th...
The DOWNTREND has not been broken, the channel limits are strong and have rejected BULLS several times. So the Downtrend holds ground I appreciate your comments and Thumbs Up
The common European currency has been trading in a downtrend channel against the British pound since the middle of January. Although the decline has been stopped by the weekly PP at 0.86 for a temporary retracement to the upside. After testing the downtrend's boundary on 25th January, the pair started to consolidate to the north. A junior pattern has been drawn...