Eur_usd
EUR/USD Upside Set-up - Downside Move Still PossibleSteep correction fro wave 2-3 into wave 4 which is now in view at 1.11433. At this point price can correct back into the upward structure to the 1.14635 level and beyond or it can break down further to 1.11000.
With high event risk next week price is likely to consolidate between 1.12189 and 1.11433 before a news release acts a catalyst to force it up or down.
Given price action (structure) favours a long trade I expect a correction near wave 4 and the resumption of the upside.
Short on EUR/USD - Wedge PatternFundamental
Today we have good news about Dollar .
Now USD have more power than EUR .
Technical
I saw wedge pattern on EU chart .
Sentiment
In trading view chatroom , guys trading EU short .
Outlook
EU has broke wedge support and its going to face another support at 1.13 . If EU break this support , it's going down to 1.125
Consolidation? 1HR EUR/USDIf box breaks, wait for retest before entering.
Depends on upcoming news. Consolidation isn't good, wait for the breakout! HTTPS://WWW.TRADINGVIEW.COM/CHART/ZRKAJD3S/
eur/usd will turn of to parity soon.FX:EURUSD Perhaps the pair will adjust to 1.25 in the near future, but then we can expect a good downtrend towards parity.
GARTLEY SETUP WITH A GREAT R/R RATIOHi there,
Here I found a beautiful Gartley pattern with a very good R/R ratio. The completion of this one also happen to be at the same level as good psychological number and a structure looking left. Given the volatility ahead of The Fed statement, trade like this one (good R/R) is a good way to approach the market.
Regards,
Fedro
EURO/USD Monday Retracement Set UpPrice hit resistance at the top end of the 1.14 range where historically gains to the upside have been sort lived and unable to hold.
A retracement down to the 50% fib level where price will likely consolidate pending the FOMC minutes that'll shed a lot more light on the dovish tone set by Yellen last week is the likely outcome for Monday - Tuesday as bulls can correct price upwards afterwards.
Eur/Usd quick short for quick pips!Reasons
1) Bearish hammer on 4h
2) Divergence in play with RSI and MACD
3) Price got rejected at key resistance level 1.141
Note:
a) Taking half profit at trend line
b) if prices break, taking the other half at 61.8%. If not, move to breakeven
All the best for some quick pips. This is a short term trade.
EUR/USD into a bearish channelWe can see that EURUSD is on top of this channel and the zone works as a resistance twice.
EURUSD - What path next?The most common pattern after a large advance or decline is a triangle. In Elliott this shows up in wave 4. There are also a number of triangles showing up withing the very large potential forming triangle (in mauve lines). These are called FRACTAL pattern. If it's the blue path, it will likely be choppy for a while. (5 to 10 days) Then followed by a thrust upward. IF it continues to advance with the RED line then 1.17 is possible.
EUR/USD Yellen Speech PreviewAs it's a non farm week markets will historically trade sideways pending the release of Friday. The weekly close below the 61.80% fib indicates further downside gains with a rest of the 200EMA and 50% fib likely.
At this point it's likely price will break or correct at the 50% fib level towards the 76.4% or 38.2% fib levels where it will likely consolidate until Friday.
The news docket features several high impact US releases however on non farm weeks other news tends to have small-medium impact on price action so do expect breakouts on news releases followed by retracement(s) to the previous levels.
A farm rolls preview will follow on Thursday when a clearer picture of market sentiment is available.
EUR/USD not strong enough?EUR/USD finding support at 1.1146 with the SRSI heavily oversold and after breaking a previous downside soft resistance and showing some strength, MACD potentially cutting and EMA´s tempting too. Do you think we will see a rise unti 23.6% fibos level and not enough strength to continue?
EUR/USD LongAs round numbers act as heavy S&R levels I feel that the Eur/Usd is clinging nicely to this level and i see a huge rise in the following days :)
Expect to go upwards The EURUSD seems to have hit the bottom of the fibb / trendline and tested. (bar closed near the bottom) Still waiting for confirmation (probably tomorrow), to see the price go further upwards.
I will put in a buy order with a small s/l lets see what happens!
EUR/USD 50% Fib Retracement Set UpOn a purely technical basis price should seek to re-test to 1.11 area Monday before continuing upwards.
This is an FOMC week so markets will be on edge for the meeting Wednesday, with this in mind trade with added caution.
EUR/USD Bullish (monthly view) I am a bit surprised since lots of traders are bearish on the pair.
To me the weekly (check the related ideas below) suggests a bullish trend.
The monthly shows that prices are now on Tenkan Sen and are likely going to join the flat KS. It is gonna take time of course but it seems it's going this way and not down... Wait and see!
EUR/USD ECB Announcement Trade Set UpPrice action has broken the downward daily trend line which now becomes support. Price is bullish above the trend line and break of 38.2% Feb level and is likely to consolidate around 1.1 while markets wait for the ECB interest rate and monetary policy statement due Thursday.
A break to the up or downside is possible however my preference is towards a break down (Elliott Wave).
Be ready to turn into a bear or bull based on the news result, equally appealing trade opportunities should be available on both sides of the market.
