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Eurusd1hr

EURUSD @ 1h @ Trading Box (1.05670 & 1.06600) 50th weekThis week EURUSD should awaiting the US Raite Hike and Press Conference of FED Chair Woman (on Wednesday) in a Trading Area - even Trading Box - between 1.06600 & 1.05670. I personally don`t know how much is priced in and how many rate hike the market is excepting right now !? So, i would prefere a technical SetUp, even trend follwoing, out of this price area (between 1.05670 & 1.06600) ... 1.06898 - monthly november`16 low (after president election rally) 1.06855 - 2nd temporarly high after last superordinate sell pressure and rebound 1.06666 - 2nd temporarly high after last superordinate sell pressure and rebound 1.06600 - upper edge of trading box 1.05670 - lower edge of trading box 1.05620 - 2nd temporarly low after last superordinate sell pressure 1.05518 - 3rd temporarly low after last superordinate sell pressure 1.05170 - 1st temporarly low after last superordinate sell pressure 1.05038 - 4th temporarly low after last superordinate sell pressure Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
by Devise2Day
EURUSD 60min AnalysisOk here we have two potential pattern completions one being the Gartley I saw initially. The other, should it complete, a Bat pattern. Along with RSI I believe the Euro is pricing in a big leg to the downside. I know the patterns are bullish, but I believe the market was confused as Draghi spoke in depth about monetary policy, thanks to the great questions coming from the reporters @ the press release, the market gave back all the gains and allowed the bears to take over and keep the down trend intact. Full disclosure I would quote resistance @ 1.09300 with support @ 1.08587. Leaving R&R in favorable odds should the pattern(s) complete
by WealthGod6
EURUSD ForecastEURUSD is still well and truly bearish after negative ECB news, causing a breakout through the support (now turned Resistance) level. Price is currently trying to break even lower from the local trendline , which would see EURUSD head towards the bottom of the long-term Major Trendline. From there we expect a bounce back towards Resistance before falling towards Major Support at Potential Reversal Zone 2. Trading Ideas: Short EURUSD Trade trendline breakout
Short
by Elemont
Analysis and Forecast EUR / USD - Weekly review (25.07-29.07).Last week brought weakening of the euro against the dollar, which was consistent with my assumptions, which I presented in the last daily reports. On Friday also they came to break the bottom of the nearly three-week trend side. Overcoming support at 1,0972-81 may suggest a further weakening of the euro against the dollar, towards the level of 1.0909 (at least after the announcement of a referendum). At this level (1.0909), I expect to activate the demand side, which will certainly defend that level. Any break 1.0909 support will indicate the weakness of the euro, which further confirms the downward trend. In this case, the aim in the longer term may be last year's lows.
by RobertPapon
Forex Market Analysis and Trading Tips - 28th June 2016 - EURUSDI know a lot have been asking me for my outlook on EUR after last weeks events so instead of getting back to you all individually I thought this idea was the best course of action, do let me know your thoughts and as always your likes are most welcome! SUMMARY: The EURUSD pair bounced slightly during the course of the day on Wednesday, using the 1.1030 level as support. At this point in time, the market is looking bearish. The primary trend of EURUSD is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its 1 hourly chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 1.1190 and support at the level of 1.1030. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: EURUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intraday to mid term positions in it. Thanks for your continued support, www.tradingsignalreviews.com
Short
by TheBanker