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Eurousd

New low for EUR/USD?Euro is trading in a bear trend well below its main moving averages and oscillators in negative territory which indicates more downside pressure in the days ahead. After failing to recover beyond 1.133 resistance it is now trading near 1.125 approaching 78.6% fibo level of the recent up move. In my opinion it may retest the recent trend line near 1.13 figure but the big picture remains down as long as the pair is trading in the down channel shown on the chart targetting YTD lows (1.117) and further below. Good luck
Short
by RamziAbouAbdallah-CMT
EUR/USD under pressureFundamental Analysis: While the message delivered by the Fed in it's last meeting was dovish and future path will be "patient" , the European economy isn't doing any better(Germany,France and Italy suffering from contraction), inflation not picking up towards Ecb's target, brexit uncertainty and the slowing global growth. Both sides are facing downside risks but the Eurozone is more likely to suffer from those risks therefore in my opinion US dollars will keep its strength against the Euro. Technical Analysis: Markets are already pricing in the patient path by the Fed and the Euro is still declining posting the biggest weekly loss since September 2018 which proves that the sentiment is still leaning towards the Us dollar. The pair closed its week just below the 200 week SMA and already breached the uptrend from November 2018 which confirms the bearish bias in the near term. Next immediate support is somewhere near 1.127 after that 1.1215 (YTD low) and finally 1.1120.
Short
by RamziAbouAbdallah-CMT
3
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.145. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.1535. Set the stoploss of these orders at breakout of S2=1.144. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.144. In this situation, there is an expectation to reach the target S3=1.1375. Set the stoploss of reverse orders at breakout of S1=1.145. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.145. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.1535. Set the stoploss of these orders at breakout of S2=1.144. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.144. In this situation, there is an expectation to reach the target S3=1.1375. Set the stoploss of reverse orders at breakout of S1=1.145. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
3
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1405. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.145. TP4: R2=1.1485. Set the stoploss of these orders at breakout of S2=1.139. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.139. In this situation, there is an expectation to reach the target S3=1.132. Set the stoploss of reverse orders at breakout of S1=1.1405. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1405. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1455. TP4: R2=1.1485. Set the stoploss of these orders at breakout of S2=1.139. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.139. In this situation, there is an expectation to reach the target S3=1.132. Set the stoploss of reverse orders at breakout of S1=1.1405. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
EUR/USD Summary for End Week 4 - 2019So a sudden drop back down to 95.81 for the DXY on Friday saw almost everything push northward including the Euro. Technically it looks like this may be another attempt to reverse the downward trend from the beginning of 2018 and signal a new phase of Euro strength. That may be the case but we can see price has already 'rested' against resistance at 1.14025 and faces further resistance at 1.15060. A positive Tenkan Sen (red line) cross over the Kijun Sen (blue line) would add to the belief that the trend direction may well reverse, although given this would likely be below the Kumo cloud (red area), we should still consider this as weak or incomplete. Indeed further historic S/R at 1.17541 will need to be overcome within the Kumo. Fundamentally a continual weakening of the US Dollar will help any reversal to Euro strength. Given markets appear to have already factored in the Fed halting any further rate rises through 2019 (not sure I agree on that), the future path of least resistance for the US$ may well be downward WAIT FOR NOW
Long
by mikhem
EUR/USD BullishAfter suffering large losses on Thursday following disappointing datas and dovish Draghi , EUR/USD recovered all its losses on Friday and ended the week positively. I spotted a bullish engulfing candle on the daily chart which shows upside reversal. Next target for bulls is 1.142 ( January 16 high ) and 38.2 Fibo. , 1.144 and 1.15 psychological mark. Next Wednesday is the Fed's monthly meeting followed by NFP on Friday . Those are the main events that will give us a clearer direction of the market. Trade Safe.
Long
by RamziAbouAbdallah-CMT
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.143. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.149. TP4: R2=1.151. Set the stoploss of these orders at breakout of S2=1.141. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.141. In this situation, there is an expectation to reach the target S3=1.1335. Set the stoploss of reverse orders at breakout of S1=1.143. Set the stoploss of reverse orders at breakout of R1=0.996. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity