EU
EUR/USD, where is the next target?The trend is super bearish, no signs of a bullish reversal can be noticed for the moment. We are expecting the price to break that falling wedge and keep dropping till the 2021 low. It will take a bit of time, as some pullbacks are anticipated, but we will eventually get to that price mark.
Happy trading, everyone!
Don't Miss This Buy Opportunity For EURUSDThe Godfather of Trading... EU.
Analysing across DXY and the USD in general, I can picture a bearish week for the Dollar ahead, given the last 2 weeks have been showing consistent bullish pressure, I think this week the bulls will run out of steam. DXY may be heading back to 92.000 or lower.
I think DXY crashing, will provide the bullish momentum that EU was after. Further to this, EU is approaching this months support, as you can see from the left this support has been used as major support before, previously used in April of this year, and EU bounced off this perfectly. We may see a similar pattern here and see EU bounce to 1.2. I do not think this is something that is impossible and certainly do see it happening.
It might be worth going after a long swing on EU and adding longs from the beginning of the Trading Week and holding out until 1.2 as your TP. Bare in mind News might also have a heavy part to play in the direction this swings. Also bare in mind, if EU does break through its Monthly Support we may see downwards momentum continue throughout this week, however this does look very unlikely given what has happened in the past, and as the famous saying goes "History Loves To Repeat Itself".
Thank you for taking your time to read through this and I hope this helps you!
EU Bull Pull BackThis chart focuses on the Forex Option Expiries as published; the green dotted lines are Mondays, and the orange is Tuesday, the low range is about 750M, and all others are 1B+.
With the dollar currently being strong and equities doing well, I struggled to wrap my head around this potential bull pullback. However, a brief taking of the profit for equities and subsequently a drop in the dollar makes some cents, and I am inclined to think the big boys will not let those "B" targets go to waste and then the bucket would be filled.
My crystal ball isn't at all clear on this however it's what I am plotting.
EU Sell the resistance.EURUSD - Intraday - We look to Sell at 1.1959 (stop at 1.1981)
Daily signals are mildly bearish.
50 4hour EMA is at 1.1950.
Pivot resistance is at 1.1970.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 1.1896 and 1.1882
Resistance: 1.1940 / 1.1960 / 1.1980
Support: 1.1920 / 1.1890 / 1.1870
EURUSD Upcoming ShortAnalysis done on the daily timeframe. I see EU either retesting the 1.19150 area of support, or heading straight up into the upper pink zone once the market re-opens. Either way, I'll be looking to sell from the resistance zone 1.19890 (with confirmation of course) and aim to see price revisit the bottom trendline.
Updates to follow, follow me to see them.
EU trades today!!!Curently in Two positions one long and one Short, We are in 1 hour sell Range. Im just following the order flow. Partials Taken @ 3 % on both trades with Stop loss left open. Lets see which one plays out? I think PA will push up higher before going down! I take the same trades everyday that find me consistency.
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EU long Currently in EU Long. Retest of Asian liquidity in a 1 hour buy range. I missed 2 entries today. I didnt give up, I got partials taken on my first trade however it came back down and just stopped me out of this trade. I still had the same 1hr Bias long. Re-entered Taken Partials again at 8% at the high and left some on the table to run a bit higher. Trading day is done for the day.
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EU long Currently in EU Long. Retest of Asian liquidity in a 1 hour buy range. I missed 2 entries today. I didnt give up, I got partials taken on my first trade however it came back down and just stopped me out of this trade. I still had the same 1hr Bias long. Re-entered Taken Partials again at 8% at the high and left some on the table to run a bit higher. Trading day is done for the day.
EURUSD 13/06/2021 - WEEKLY FORECAST TF 2HHello Traders!
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the eye signs.
Heart in the box - a place to take profits
Eye sign - spot to jump in, or watch
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool.
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GOD BLESS U ALL !!!