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Eurusdforecast

EURUSD | Perspective for the new week | Follow-up detailsFollowing over 200pips in our direction since my last speculation on this pair (see link below for reference purposes); the EURUSD continue to ground lower on the back of a firm US Dollar. Now, what is going to be happening this week? Will participants in the market find the Euro cheap enough to buy from the $1.0000 zone or are we going to witness a further decline in price action? Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
1
London Money GrabThe Forex Market weaves a beautiful narrative all about MONEY DAILY! The narrative for this set up simply goes like this: 11 AM pretty much ends the London Se$$ION. At the end of each day we all like to leave compensated for a job well done. The Forex market trading Sessions are no different except they deal in Billions and Trillions of Dollars. By simply identifying the BIAS on the Higher TFs on the asset you are trading you can gauge which way this Grab will go. Today is a down day on EURUSD. In confluence with the DXY which has taking off like one of Elon Musk Rockets:) (But always be careful with his rockets some of them are proven not to make the distance LOL) I digressed... As always Never Over Leverage* Trust your trade set up* Have Fun! I AM PRO TRADING MADE SIMPLE I AM ALSO THE SENSI AND MASTER JEDI TRADER of #SniperGang EVERYBODY EAT$
Short
by Master-Jedi-Trader
4
EurUsd- Where to sell?After the break under parity and the drop to 20y low at 0.99, EurUsd has found some power, and yesterday has spiked above parity. This rise proved to be short-lived and now the pair is trading at 0.9943 (time of writing). The trend remains immensely bearish and the best and less risky approach for traders is to sell rallies. A new spike up could offer such an opportunity and my sell zone is between 1.0050 and 1.01. My target for swing trades remains 0.97 and a daily close above 1.01 would delay this scenario
Short
by Mihai_Iacob
27
Have the bulls arrived in EUR/USD? A detailed analysisEUR/USD is in a continuous downtrend since last year. And since February this year, EUR/USD is moving back and forth in a downward channel as you can see in the chart. The downward channel is defined by clear upper and lower trend lines which as acting as resistance and support respectively. Yesterday, we saw a bullish candlestick in the daily chart at the previous low, which might be of significance. Price may rally towards the 1.0250 level if the minor support holds. However, there is also a likelihood that price may break this minor support and drop towards 0.9670 and then rebound to 1.02. Traders must consider both these scenarios before placing their orders. If you are trying to buy now, buy as close to the 0.99 level and use a stop loss to keep your risk low.
by YourLazyTrader
2
EurUsd- Don't be fooled by the rebound!I'm bearish EurUsd and also in my yesterday's comment I draw attention to the high probability of a drop under parity. Indeed, we had this drop and now the pair is hovering around 0.99. Of course, a rebound is possible and probable from this point on, but don't confuse this with a genuine reversal. Instead, use this correction for opening short trades and join this grossly bearish trend. In my opinion rallies towards parity and slightly above should be sold and only EurUsd back above 1.01 would delay this bearish scenario. Even is hard to believe for some, we should get used to a stronger USD for the medium to longer term.
Short
by Mihai_Iacob
20