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Eurodollar

EURUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1315. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.1265. TP4: S2=1.124. Set the stoploss of these orders at breakout of R2=1.1335. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.1335. In this situation, there is an expectation to reach the target R3=1.141. Set the stoploss of reverse orders at breakout of R1=1.1315. 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!
Short
by ForecastCity_EU
1
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.137. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1415. TP4: R2=1.1445. Set the stoploss of these orders at breakout of S2=1.1345. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1345. In this situation, there is an expectation to reach the target S3=1.1265. Set the stoploss of reverse orders at breakout of S1=1.137. 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_EU
Don't miss the great buy opportunity in EURUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1270). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. Take Profits: TP1= @ 1.1315 TP2= @ 1.1345 TP3= @ 1.1450 SL= @ 1.1230
Long
by ForecastCity_EU
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1185. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.122. TP4: R2=1.124. Set the stoploss of these orders at breakout of S2=1.1175. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1175. In this situation, there is an expectation to reach the target S3=1.111. Set the stoploss of reverse orders at breakout of S1=1.1185. 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_EU
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.116. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.12. TP4: R2=1.1225. Set the stoploss of these orders at breakout of S2=1.114. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.114. In this situation, there is an expectation to reach the target S3=1.1065. Set the stoploss of reverse orders at breakout of S1=1.116. 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_EU
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.118. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.122. TP4: R2=1.126. Set the stoploss of these orders at breakout of S2=1.117. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.117. In this situation, there is an expectation to reach the target S3=1.1105. Set the stoploss of reverse orders at breakout of S1=1.118. 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_EU
EURUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.118. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.114. TP4: S2=1.112. Set the stoploss of these orders at breakout of R2=1.119. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.119. In this situation, there is an expectation to reach the target R3=1.1255. Set the stoploss of reverse orders at breakout of R1=1.118. 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!
Short
by ForecastCity_EU
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1325. TP4: R2=1.1345. Set the stoploss of these orders at breakout of S2=1.128. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.128. In this situation, there is an expectation to reach the target S3=1.1215. Set the stoploss of reverse orders at breakout of S1=1.129. 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
2
EURUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1375. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.1305. TP4: S2=1.127. Set the stoploss of these orders at breakout of R2=1.139. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.139. In this situation, there is an expectation to reach the target R3=1.146. Set the stoploss of reverse orders at breakout of R1=1.1375. 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!
Short
by ForecastCity
2
EURUSD At a make or Break levelEuro-US Dollar contracts are presently at a make or break level, forming a scallop in a downtrend, Whether they will continue the downtrend or, reverse and breakout the linear resistance to complete the Rounding Bottom with an implied target of 1.18 from the present 1.14 (It is presently forming a flag with some conslidation near the resistance) It has been observed that, every scallop of the Eur USD contract, has reversed to continue its trend at the 50% retracement level. (Hover on the Red Flags on the Chart) Applying the same logic, we have an implied fib resistance zone to break at 1.15 before it can head to the target of 1.18, form where it could resume its bull run towards 1.24 too. Downside targets are at 1.11682, and upside targets at 1.18 and 1.24. The targets would be influenced by the M3 Data and the annual growth of lending of the Euro to be released on Jan 3. Definitive signals point towards a good bounty on either side.
by SchoolofMarkets
A trading opportunity to buy in EURUSDMidterm forecast: While the price is above the support 1.1300, beginning of uptrend is expected. We make sure when the resistance at 1.1615 breaks. If the support at 1.1300 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the trough at 1.13005 on 2018-08-15, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased. The RSI bounced from the uptrend #1 and it prevented price from more losses. The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 38. Trading suggestion: Price is in the Buy Zone (1.1430 to 1.1300). While the price is below the level 1.1430, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 1.1430 and expect to reach short-term targets. Beginning of entry zone (1.1430) Ending of entry zone (1.1300) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1 : @1.1510 TP2 : @1.1615 TP3 : @1.1715 TP4 : @1.1800 TP5 : @1.1925 TP6 : @1.2075 TP7 : @1.2205 TP8 : @1.2555 TP9 : Free
Long
by ForecastCity
EURUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.1415. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.135. TP4: S2=1.13. Set the stoploss of these orders at breakout of R2=1.143. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.143. In this situation, there is an expectation to reach the target R3=1.15. Set the stoploss of reverse orders at breakout of R1=1.1415. 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!
Short
by ForecastCity
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.144. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.155. Set the stoploss of these orders at breakout of S2=1.1425. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.1425. In this situation, there is an expectation to reach the target S3=1.1355. Set the stoploss of reverse orders at breakout of S1=1.144. 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! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
Bearish technical setup in the EUR/USDEURUSD Technical Overview: Pivot: 1.1670 Key Resistance: 1.1645 - 1.1670 - 1.1698 - 1.1720 - 1.15-735 Key Support: 1.1620 - 1.1598 - 1.1584 - 1.1565 - 1.1535 Day Trading Range: 1.1545 - 1.1655 Technical Indicator: RSI: RSI lacks bullish divergence, moving under oversold condition. Moving Average: CMP 1.1622 Price is moving under Simple moving average 200 & 55, its sign of bearish trend more. Technical Trade Idea: Most Likely Scenario: short positions below 1.1670 with targets at 1.1618 & 1.1584 in extension. Alternative scenario: above 1.1670 look for further upside with 1.1698 & 1.1728 as targets. Fundamental: The yield spread does spike, then the markets may not pay much attention to the preliminary Eurozone CPI, scheduled for release at 09:00 GMT. Meanwhile on the other side of Atlantic, US markets will see the release of core-PCE price index, the Fed’s favorite gauge of inflation, from the U.S. At the moment, the pair is testing the critical 1.1640 support.the spread between the 10-year Italian government bond yield and its German counterpart could spike, bolstering the already bearish technical setup in the EUR/USD. Analysts believe that USD has fundamental support for continued growth from local market in near future as they believe that Chairman Powell’s comment in his recent speech that “The U.S. economy is in a particularly good spot” is based on and supported by fact that despite the August pause the six months to July saw the strongest investment spending in five years as event from macro data history and when looking at USD’s price action in broad market and recent positive outcome of durable goods orders and excellent business spending, Dollar could find stable bullish influence from American markets alone rather than be moved based on geo-political events. Meanwhile, Italy’s Deputy Prime Minister Salvini announced that the Italian government agreed on a 2019 budget deficit target at 2.4% of the GDP, for the next three years, defying Brussels ‘s demands that Italy cut the fiscal deficit to address its high debt. Italian headlines are a primary driver for EUR confidence heading into the weekend, with the Italian government set to overreach on deficit spending, and trading desks will be keeping an eye out for further headlines as the Italian government and the EU are set for a continued fight over fiscal policy, with a healthy smattering of mid- to low-tier economic data on the docket for the morning, with top-tier preliminary European CPI figures due at 09:00 GMT, and the annualized figure into September is expected to print at 2.1%, a minor uptick from the previous reading of 2.0%, and a missed inflation report here could easily see the EUR/USD continue sliding. Thanks YoCryptoManic
Short
by yoCryptoManic
EURUSD could be panic further todayEURUSD Technical Overview: Pivot: 1.1745 (Time of writing EURUSD 1.1705) Key Resistance: 1.1718 - 1.1739 - 1.1758 - 1.1788 - 1.1820 Key Support: 1.1688 - 1.1665 - 1.1645 - 1.1624 - 1.1610 Day Trading Range: 1.1625 - 1.1745 Technical Indicator: RSI: The RSI moving around 30 level, from this pair can take some pull back but strong downward momentum. MACD: MacD loosing bullish scenario & trying to get strong volume in bearish side. Moving Average: SMA 200 (1.1724) & SMA 55 (1.1756) both are strong resistance for pair today. Technical Trade Idea: Most Likely Scenario: short positions below 1.1745 with targets at 1.1685 & 1.1665 in extension. Alternative scenario: above 1.1745 look for further upside with 1.1775 & 1.1795 as targets. Fundamental: The EUR/USD pair created a bearish outside day candle yesterday and could suffer a negative close today on a hawkish interpretation of the Fed policy. The US central bank raised rates by 25 basis point (bps) yesterday. More importantly, it removed the word “accommodate” and kept the interest rate dot plot unchanged, triggering speculation that the tightening cycle is nearing an end. Despite the “dovish” outcome from the Fed, the overall tone remains the same and the reversal last night was telling that there are still buyers in the dollar and we’re seeing more of that now. Moving forward, the EURO could suffer further in case the German CPI reading due for release at 12:00 GMT has worse than expected outcome while US Greenback could gain further support for its bull run if the US Q2 GDP and August durable goods figure, scheduled for release today has better than expected outcome which would indicate positive economic scenario in US markets. Thanks YoCryptoManic
Short
by yoCryptoManic
There is a possibility for the beginning of an uptrend in EURUSDMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.1300 would begin in Midterm. Trade Setup: We opened 8 BUY trade(s) @ 1.1677 (day close price) based on 'Vale & Two-day reversal candle' at 2018.08.27 signaled by DTO. Total Profit: 40 pip Closed trade(s): 0 pip Profit Open trade(s): 40 pip Profit Open Profit: Profit for one trade is 1.1682(current price) - 1.1677(open price) = 5 pip 8 trade(s) still open, therefore total profit for open trade(s) is 5 x 8 = 40 pip Technical analysis: There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the trough at 1.13005 on 2018-08-15, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. While the RSI support #2 at 46 is not broken, the probability of price decrease would be too low. A trough is formed in daily chart at 1.1525 on 09/10/2018, so more gains to resistance(s) 1.1740, 1.1840, 1.1925 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 55. Take Profits: TP1 = @1.1740 TP2 = @1.1840 TP3 = @1.1925 TP4 = @1.1995 TP5 = @1.2075 TP6 = @1.2205 TP7 = @1.2555 TP8 = Free
Long
by ForecastCity
2