EUR/USD

takechance posted:
1.3414 is the nearest up target. Followed by 1.3430 and 1.3470.

Good buying opportunity showing on my chart is 1.3340 - 1.3350 zone.

Happt trading :)

As expected EUR got some weak support arounf 3340-3350 area. Now I will be looking for the nearest upside target of 1.3420. Untill and unless the pair settles above 1.3465 the risk of another down wave remains. So fresh longs should be initiated above that zone but the existing long positions can be slowly unwinded around 1.3420.

The EURUSD is back at the 1.3400 zone, most likely awaiting tomorrow's ECB press conference.

I have mentioned a 'hanger bar' before in my postings on the weekly chart (1.3345) which was closed yesterday. It was a perfect exit for the 4-week trade (4 price-bars) coming from the ledge entry (sell) @ 1.3574.
Learn how to read chart patterns and start 'acting' instead of waiting for media news and just 'react' to their price manipulations, which are only designed to run the stops of intra-day chart traders.
Price actions during news announcements may look exciting on the 1-min and 5-min charts, but have no impact whatsoever on the long-term charts. They cannot be seen.
Statistics show that nearly 97% of all intra-day chart traders lose their money at the end of their time. They are the perfect pray for the market-makers and operators. Market-makers know our emotions better than we do - mainly our greed and our fears.

Yesterday investors were quick to dump the euro, driving the currency to new lows at 1.33326, but then erased all of its losses to trade back up closing at 1.33832 and form a hammer pattern and a bullish divergence.

Today we have the release of ECB interest rate decision and monetary policy. The interest rate is expected to stay unchanged and ECB may loosen even more the monetary policy.

Hugo O'Nell you are right ECB is one of the big indicator that move the market over 3 weeks euro have been weak i am sure draghi must do something today to change the weak of euro

And if Draghi did nothing then the EURUSD will test the 1.33 support ;)

EURUSD has been beat up for long long times .
It will go up soon or at least big correction soon .But the question is how much lower it can go or how much lower traders can handle it .
Now money management play important role for traders .
Good luck .

EURUSD Analysis leads to a medium and long-term bearish setups.
But the bullish momentum divergence (RSI) has continued to grow on the 4h charts with the latest drop.
This drop also failed to clear a new daily low under yesterday’s low of 1.3332.
 There is an increased risk of a bullish correction here though we will not be getting long quite yet as the dominant trend (bearish) is still valid.
Just a break above 1.3400 (mixed-trend), and above 1.3450 could turn the short-term trend to bullish.

are we going to see a second hammer on the price by the end of today's trading ?

Not much from the European Central Bank, but the Euro remains weak.

Hi guys,
I thank the eurusd is going down today following the daily pattern of the week.

EURUSD initially fell during yesterday session, but found support at roughly the same place it did during the Wednesday session and it means that EURUSD is ready to bounce. The pair will more than likely head to the 1.3450 level, and possibly even as high as the 1.3500. Expect significant selling pressure up in that region though, so this is a short-term buying opportunity at best.

honeill posted:
EURUSD initially fell during yesterday session, but found support at roughly the same place it did during the Wednesday session and it means that EURUSD is ready to bounce. The pair will more than likely head to the 1.3450 level, and possibly even as high as the 1.3500. Expect significant selling pressure up in that region though, so this is a short-term buying opportunity at best.

I agree .
This this the best short term buy opportunity .
The pair may go up to 1.35 from here .
Good luck .

chance to buy eur/usd and looking up to 1. 35 good luck guys lovely weekend

technically there suppose to be an uptrend i agree with that but that was fast usually it takes a day or two in a side trading before changing trend specially when the USD still strong

EURUSD on the 4h charts is in a Bullish momentum.
It is increasing and we can see a bullish pullback as likely in the short-term.
A break above 1.3450 would add to the short-term bullish case and open up a re-challenge of 1.3500.
Long-term trend remains bearish however and we reckon 1.3570 would hold in the coming week.

Big surprise on Friday, EURUSD price retracing 100% of these days loses, back where it started in the 1.3430 price zone. Next week 1.3440 level should seem to be the key level.

You can watch my technical and Fundamental united analysis :)



Who is agree with this ?

takechance posted:

takechance posted:
1.3414 is the nearest up target. Followed by 1.3430 and 1.3470.

Good buying opportunity showing on my chart is 1.3340 - 1.3350 zone.

Happt trading :)

As expected EUR got some weak support arounf 3340-3350 area. Now I will be looking for the nearest upside target of 1.3420. Untill and unless the pair settles above 1.3465 the risk of another down wave remains. So fresh longs should be initiated above that zone but the existing long positions can be slowly unwinded around 1.3420.

Perfect.....1.3420 reached and all positions liquidated.

The market is undecided now about its next move. Most likely a short trade is due as per my chart but its not developed yet.