Euro Fx/U.S. Dollar

going long now with some top down analysis

Despite the positive economic news for USD; overcoming the forecasts of analysts that predicted only a 0.4% increase in retail sales, although it was actually a 0.6% increase. This fundamental analysis shows that the consumer spending within the economy of the USA is above par which can also conclude to good accounting and money management throughout the country. ...

Perfect long opportunity on EUR/USD to head back up to 1.19200 region

EUR/USD formed an absorption on the four-hour chart, which rested against the support zone, limited by a strong level of 1.1714, and a local level of 1.1689. Risk and buy a pair at current prices. Oleg Svirgun

SHORT

Two parallel channels at same angle.

EURUSD 4hr price action showing signs of downtrend. However I would prefer to short on retracement since there is a long wicked candle on the left. I remembered clearly last time such candles often warn us that the market may slightly move upwards and it is risky to short on breakout or at market price. Hence I would be preparing to short at 1.178, just to give ...

gartley completion at D leg

This are the areas or zones were the price might reverse since they are monthly zones or areas from long ago. So where the pa is now it could reverse, will enter on a short if I see bearish evidence.

sell

Eur/Usd moved slightly higher last week following a small pullback, the next key resistance is around the 1.1900 area, there is room for this pair to move higher. Today I took an intraday move shorting this pair at 1.1800 with a target of 1.1725 whilst keeping in mind that 1.1625 could act as potential support and the primary buy-zone this week.

bat completion at D leg

Just saw this potential entry point at 50% retracement.

After a long bull run in EURUSD, we have now seen what could be a retracement or a turn in momentum. There is a potential huge upside on taking a short position on a retirement in confluence with an old support level turned resistance. Several retracements expected on the way down, which offers new sell opportunities.

After Friday's NFP we saw a bearish pullback on the pair and many saw this as a great reversal opportunity - however! our recent analysis of the pair possibly indicates to us that we could still be pushing higher https://uk.tradingview.com/chart/A3fp0k5d/

The 1H chart shows a support around 1.175 and 1.173 which was hit on the 31st July and again post NFP data on the 4th August. Using FIbonacci retracement, I predict resistance at the 61.8% which will break lower towards the 1.175 price as my first target and 1.1733 as my second target. As we edge close to the 200 day moving average, which the price will likely ...

Good morning traders, I trust you are all enjoying your time off, whilst I have some time I decided to do another eur/$ chart, as most of you already know my incredible bearish outlook on the pair still stands; The bearish break looks similar to that found in August 2015 suggesting a move toward the trend lows at 1.052xx The ECB appears to be on hold for now ...

OBSERVATION: Entered long after price closed above the wedge, currently a long daily candle formed and closed above resistance and is heading for the next resistance zone. I will be adding onto this trade as I am anticipating that it will fly past my TP.