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EUR/USD:NEW SWING FIBO OPPORTUNITY|DOWNTREND|SHORT 🔔Welcome back Traders, Investors, and Community!
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Euro Bullish modBecause i have nothing to do. but when i play Cryptos i have the choice to Play in USD or Euros. My choice for now is Euro.
- Euro broke a 12 years downtrend (2008 to 2020)
- Dollars printing machine is burning with Covid
as results :
- More Dollars than Euros printed = Euro Stronger.
- Forex Trend can change with FA ( politicals blablabla / Economic War / etc ).
- Could be more slow cuz i have habits with Cryptos.
- Simple as that.
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Trading Parts :
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Buy Zone : 1.15$ ish
TP : 1.35$ ish
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Happy Trading !
$EURUSD - NFP's could fuel the downtrendHi guys! 👋🏻
🔔 Euro is below the trendline of March 23, 2020 and tested this dynamic support as resistance and was forced downwards.
🔔 Currently Euro is testing the 1.18400 support line and if closes below, will continue the downfall. The current level is also Fibo 0.786 of the uptrend of March 31, 2021.
🔔 Positive US NFP data might support the downtrend continuation of the pair. Up until now, Euro looks bearish against the US Dollar.
✊🏻 Good luck with your trades! ✊🏻
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EURUSD Two simple scenarioCurrently the Euro is moving sideways vs the US Dollar after a really strong uptrend from its bottom in March 2020 until the beginning of 2021. It is moving sideways, however it has lost some key levels and the uptrend seems exhausted. It went from Yearly R1 to Yearly P and bounced hard, playing the key pivots very nicely. However now it is breaking below the 300 DMA and another test of the yearly Pivot could give a short term bounce but nothing more than that. So to me the price either has to slowly go up after having a little dip here or if it start breaking lower, the real target is 1.15
Euro/Usd : Likely to continue in the same 100 pip range Speculative sentiment index is around 25% hence our advise is to find only long scalp entries in smaller time frames . Price likely to continue in the 100 pip range (1.2130-1.2250) with a minor support around 1.2100 ( EMA 50 area) . Breaking 1.2250-70 range top will push the price towards the major resistance around 1.2370.
Trend : Range
Signal : Long Scalp in 1.2130-1.2250 range
EUR/USD:UPTREND+BULLISH CHANNEL AND FLAG PATTERN | LONG SETUP 🔔The EUR/USD came under a strong bearish pressure during Thursday's American session and touched the low from May 17 at 1.2130.
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Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !