EUR/USD

The dollar has been on high against all its major peers, following the rise from yesterday on US markets.

yes i agree with that even the gold went down too . thank you.

it's interesting how the USD is increasing while all the major stocks having a huge sell off

now eurusd is made the new high , from now to some time (weeks )it is down move to reach 1.17

alysharf posted:
now eurusd is made the new high , from now to some time (weeks )it is down move to reach 1.17

Agree with you!

Cholipop posted:

pramodwick posted:
i lost 800$ ...im idiot and al are my fault...

Sorry to hear about your loss. What you should do is identify the reason why you the lost. What we have seen the last 5 months on EU is by far one of the rarest events in forex. Yet, if everyone keeps shorting you will suffer much bigger loss. It is in your best interest to take scalp positions then holding, as scalping is what the market does.

thankz brother..how ever i need to do forex minimizing losses

lets see how the EURUSD moves this week, there could be a continuation to the downside.

Light economic calendar day today, I don't expect much movement.😉

EURUSD fell during the course of the day on Friday, continuing the bearish pressure that we have seen for quite some time. The market tested the 1.26 level and found enough support. However, the market technically is bearish overall but is holding above the 10-day moving average so expect short term bullish correction to continue.

EUR / USD rebounded from near the line de1.2600 (S1) during the Asian session, revealing a higher minimum.
The only notable trend within the G10 was the strengthening of the yen.
This is due to the decline of stock markets worldwide.
The stock markets of Europe, USA and Japan ended the week leaving worrying signs about their climbs.

The market appears quite calm and the EUR/USD correction slowly continues. Personally, I think its current target is 1.2870, perhaps 1.2900. However, I am still not convinced that the downward trend is over and that this is a reversal, so I think I should be on the lookout for signals that the EUR/USD descent is about to continue. I believe that the long-term target at 1.2200 or even at 1.2000 is still quite valid.

The eurusd was bouncing around 1.2680 today and i will keep an eye on it , thank you.

price is still under the potential resistance 1.2720 with a potential head and shoulders on the 4 hour chart I am going short sell

The EURUSD breaks the 1.2700 to the upside, this level could become support.

EURUSD has been consolidating sideways after a break above its 10-day moving average last week. This upward movement has created a short-term bullish environment and a long-term consolidative outlook above 1.2500. On the 4h charts there is a bullish flag pattern under 1.2700 and a break above that level should accelerate gains toward 1.28.

EUR/USD daily chart analysis:
when a trend-reversal occurs, a confirmation of the new trend is required. Before a confirmation-bar, a 'full correction' into the old trend is required. the full correction bar happened on Friday last week, with a lower high and a lower low than the preceding bar (last Thursday).
Yesterday's bar was the confirmation into the new trend (up-trend), producing a higher high and a higher low than the Friday bar.
Therefore, the high of last Thursday is a legitimate buy-stop entry:
buy-stop @ 1.2791
first - trade to near 1.2870 (first reverse-hook)
then - trade to near 1.2970 (second reverse-hook)
all on the daily chart.
If prices trade back into congestion, then this may not trade before the end of the week or beginning of next week (17 bars minimum - including the bar from Sept. 30th)
If prices go into a trading-range (over 20 bars), then the up-trend could last longer.

EUR/USD moved higher on Monday, to the 1.2760//90.
Many traders were expecting that and the daily momentum studies point towards further upside.
• Support: 1.2600 (S1) - 1.2500 (S2) - 1.2465 (S3)
• Resistance: 1.2790 (R1) - 1.2900 (R2) - 1.3000 (R3)

EUR/USD range has continued for several days now and it looks like we might have to wait a bit more before it becomes clear whether it will start descending again or not. As I see it, it either has to break above the resistance at 1.2750 – 1.2760 so it can reach its target around 1.2850 or it has to break below the support at 1.2500 so it can continue its descent to the long-term target around 1.2000.

So, we have to wait till tomorrow and keep an eye on the eurusd, thank you.