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Eurusd1hr

EURUSD| OUTLOOK FOR THE DAY Afternoon Traders, we have had a continuation of the uptrend, however I am seeing exhaustion within the Euro at least for now! this exhaustion is indicated by the red arrows large upper wick candles suggesting we are potentially seeing early signs of a potential short term reversal, before price continues pushing forward. The level of interest will be the 1.18100 area (September 2018) highs, overall we are looking likely to smash through and continuing on to our next levels but we could easily see exhasution into this area and potential sell off from this level, of course we could do non of what I've suggested as price action could take us in any, one direction, but given the current evidence, we will wait to see what price action brings. highlighted (rectangle) area of interest will price action pull back to this area and drop or disregard this area?? what are your thoughts let me know?
by NK008
EURUSD| will we continue up & ( A HOLD YOUR NOSE TRADE)Evening Traders, AS Previously shared i was looking at a Buy order set at the highlighted area, Price action indicated to me it was in a low momentum corrective phase and gave me further confidence to set my order and wait, the trade hit my entry at 13:00pm and pushed up as you can see, another precision entry despite price action becoming very aggressive. What I see now, he upper highlighted area is my area of current interest, will price action show me we are still in the uptrend move and give me a potential scale in, is what i will be looking to do. alternatively I will also be looking to see how price action responds to the highlighted area if we get a strong smash through, i will then be looking for a potential sell set up, given if price action confirms it. do you agree let me now your thoughts.
by NK008
EURUSD| potential Buy opportunityAfternoon Trader, As we can see we have had weakness from the dollar, price action has been pushing up very well in favour of the euro, I've highlighted my area of interest ideal if we have a push down into this area i will be looking for an entry long as illustrated, given if price action confirms the entry. Alternatively, we may get a break of the lower highlighted area, if we have a strong bearish break and continuation I will be flipping my bias for a potential short. let me know your thoughts, thank you.
Long
by NK008
EURUSD| GO LONG OR GO SHORTGood morning Traders, price action is proving resilient and is suggesting it may create a deeper channel, will it complete the channel and push out with a strong bearish close or will it just continue ascending upwards, is the main question I will be asking. In my view of price action, I see further upside because we still have some buying power within the markets, until we have a real sell off and push away, I have highlighted areas of interest but we just may continue in this corrective range. nonetheless I will be waiting for price action to confirm. let me know your thoughts.
by NK008
2
EURUSD| my thoughts on Friday?Evening Traders, this pair has been stuck in a bit of range for me, although it seems we still have plenty of buyers in the market, this being confirmed by the large bullish candles every time we have a sell off, Price action may potential pierce the top of the 1.14410 area before market close or potentially my do so during the Sunday market open. either way i will simply wait for confirmation from price action. couple scenarios for you all to consider: 1) seeing as we are now in the later part of the session on a Friday afternoon i imagine we wont get much in the way of any real momentum, as you can see i have ray line at the 1.1490 level which we are charging towards if we have corrective move up into this level with a rejection of this area potentially we may have interim short position, that is if price action confirms it. 2) we could have a bit of a spill out, price action pushes out to the side and potentially forms the start of a descending channel during next weeks session, this then potentially breaks to the upside potentially giving us some trade opportunities. let me know your thoughts, if you agree or disagree. Thank you.
by NK008
EURUSD is under selling pressureEURUSD As the corona virus cases surging in European region the stocks and indices are falling down and the investors are selling off their portfolios Recently the Euro got more weakness due to this And ECB is trying to provide additional stimulus package to cop up with the outbreak EURUSD is trading in a downtrend channel After reaching the 1.09781 level which is also a 61.8% Fibonacci its started falling towards 1.09100 which is 78.6% Fibonacci Currently this 78.6% Fibonacci is acting as barrier for the bull We can open short positions at this level Potential take profit will be 1.07540 Stop lose may placed above the 1.09800 level Leave your valuable comments below EURUSD - PIVOTAL POINTS PP 1.092 R3 1.1282 R2 1.1164 R1 1.1038 S1 1.0795 S2 1.0677 S3 1.0552
Short
by forexorbit
EURUSD LONG: HOURLY TARGETS PREDICTIONS On Larger Time-Frames (4 Hr upwards) USD (DXY) isn't on top 3 of the weakest Currencies though this could change. AUD has been the weakest for Days, Weeks, and Months. Highly unlikely DXY will achieve such weakness to aid upside rally on EURUSD. Without ignoring preceding EURUSD predictions posted on this channel, immediate view of Price-Action has the following probable predictions of EURUSD Long targets. Earlier Prediction Link: Like, Share, Follow, and Support this channel for yet better content. Thank you and happy trading.
Long
by legacyliked