EURO USD ANALYSISThe Swissy has respected the 23.6 fibonacci level coming from the monthly time frame. The price action suggest it can move down further. Also due the the covid lock down which has been activated in most parts of Europe,
Eurousd
EUR/USD (Deer in the headlights)View On EUR/USD (28 Oct 2020)
There are 2 things that causing the sell down.
(1) No Stimulus news (so far) causes the Risk Off = Rush to USD
(2) Covid situations in the Euro zone are getting worse.
It can swing lower to 1.170 easily soon.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
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The dollar is about to turn on next bunch of confluenceTop of current multi-week trend (major)
.786 fib of current retracement (major)
Rsi divergence (major)
Double top? (major)
Democrats win more than expected (major)
.618 of previous multi-week trend(minor)
.382 of 2016 fib (minor)
Euro/usd time to rise?as we see the price has reached to the bottom of the descending channel and if the rejection happens then it's time to buy it .
EURUSD 1H TRADING PLANI expect eur/usd to move very similar to how i have charted it out here, with a pullback then trend continuation. Final post! been a great 100 trades thousands of pips made! hope ive helped along the way! thanks for your support
$EURUSD - Elliott Wave analysisHi guys! 👋🏻
🔔 EURUSD continues to move within the uptrend channel. The movement from October 15 was impulsive, therefore it makes sense to wait for a further upward movement.
🔔 At this stage, in my opinion, one should wait for the break out from the symmetrical triangle, which in turn foreshadows the end of the correction, and open a long.
🔔 If the price breaks below the lower edge of the triangle, then wait for the price to fall to the Fibo level of 0.618, which is placed at the lower border of the channel, and if the price can stay above this border - go long.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Euro gains faith of investors durring Corona Virus.E.U successfully overcomed the challenge of coronavirus unpredictable first strike. Even with the threat of italy and spain leaving the union, E.U stand united and finded the soloutin. That win against the pandemic gived faith to the investors who remained stand by the europeans.
Also the elections of november for the next US president, the black live matters movement and the treatment of Trump's government for the pandemic shows an unstable economic enviroment.
4 hour Chart Eur/Usd: Triple Bottom?Longs open @ 1.17380 / SL @ 1.17220 / TP 1 - 1.17600 / TP 2 - 1.17800 / TP 3 - 1.1800 / TP 4 - 1.18500
Euro MMU and HNSK long and short plan, can get rejected at Declining MA so watch for that and go for the short goal if it does dump
Eur/Usd: 1 Hour Chart - Oct. 12 2020 ShortAfter gapping down at the weekly open, the Euro tested 1.18300 (last weeks high) after a FBO of the consolidation range (1.18100-1.18200). The market then dropped into the 4 hourly support region (1.17800-1.1800) and has retraced to the lower end of our initial consolidation range (1.18100-1.18150). According to our fibonacci wave count, a rejection of this region will take the Euro back to daily support (1.18000-1.17900 or (EI)), if support breaks the Euro can retrace further towards channel support && demand levels ((EII) or 1.17800-1.17300 region).
CONFLUENCES:
*Rejected weekly gap down
*Creating lower lows on hourly
*4 hour bearish candle wick vulnerable
*Buyers momentum receeding above 1.1800
EURUSD at Sell Area, Taking Short on DailyIf we can see at Weekly Time frame EURUSD has 3 Pin Pattern and price possibly going down to make some correction. But at Daily it breaks the trendline and going to Supply Area but the main trendline actualy already broken.
1h eur/usd tradelast trade for me for the week, just time to cash in. eur/usd hourly uptrend to start very soon
#EURUSD long until US election #EURO #tradingviewHello dear ones!
My view before the weekend for the EURUSD.
I think that so close to the US election, the situation for the EURO against the USD is more optimistic than it is in reality. But anyway, uncertainty is not appreciated by investors, and the majority of them do not like the upcoming US election and who will be the next US president.
In my opinion, new highs above 1.201 are likely in the EURUSD.
I am betting on this with an entry level of 1.18020.
First target: 1.21220
RRR: 4.5 to 1
Later, even 1.23172 would be in it if necessary.
Greeting
Stefan Bode
Euro / U.S. Dollar Monthly Chart - L/T Downtrend Channel! The pair is still trading inside the
long term downtrend channel as shown.
As long as the prices stay inside the channel
we may expect the Long Term target may be
below parity.
Only breaking and sustain trading well above
the upper trend line may save Euro from
all time low.
EUR/USD WEEKLY OUTLOOKThis is just my views on how eur/usd trend is looking. i base my decisions based of these timeframes as it makes you alot more accurate, aswell as entering you potentially in trending markets. DXY could be ranging between 94.6 and 92. the dxy is good to find your entrys on eur/usd, because if you flip dxy chart upside down, its the exact same chart as i have posted above! if dxy next move takes it downwards after trumps stimulus talk. expect eur/usd to rise uptowards 1.19.
potential eur/usd trading planalways good to have multiple set ups, remember the most important thing in trading is risk management, know how much you are risking per trade then just focus on good set ups, with good r/r. you will soon see good results
EUR/USD deeper retracement aheadHello everyone,
As you look on the chart above, a negative picture for the pair is being favorable for the following reasons:
1- Broke below the uptrend line that has been intact since May.
2- Broke below the 20 SMA.
3- Hit the 50 SMA for the first time since May.
Initial target is at 1.1690 and even deeper at 1.1495 March high.
Good luck
euro/usd 1:6RRplease notice
1. risk free after 1:2 RR
2. risk max 2% of your balance
3. i draw every line for a reason, some of them becouse of close and open of higher time frames candel, some of them fibo levels,
4. every analysis and every person could be wrong, i am not nostradamus!!
Don't miss the great sell opportunity in EURUSD Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance lines (1.1822 & 1.1883). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 1.1713
TP2= @ 1.1653
TP3= @ 1.1594
TP4= @ 1.1492
TP5= @ 1.1370
SL: Break Above 1.1965
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Don't miss the great sell opportunity in EURUSD Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance lines (1.1822 & 1.1883). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 1.1713
TP2= @ 1.1653
TP3= @ 1.1594
TP4= @ 1.1492
TP5= @ 1.1370
SL: Break Above 1.1965
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
