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Eurusd-3

EURUSD pierces 200-SMA but 1.1350 holds the gate for bullsEURUSD seesaws around 200-SMA inside a six-week-old symmetrical triangle, suggesting the buyer’s return. However, a clear upside break of 1.1350 becomes necessary for the bulls before knocking the late November swing highs surrounding 1.1380-85. It should be noted, though, that a sustained run-up beyond 1.1385 enables the pair to rally towards November 15 swing high near 1.1465. On the contrary, pullback moves may aim for 200-SMA near 1.1300 before eyeing the stated symmetrical triangle’s support, near 1.1245. That said, the year-end sluggish markets restrict the pair’s moves past 1.1245, if not then the yearly low of 1.1185 and March 2020 swing high near 1.1150 will be in focus. Following that, the 61.8% Fibonacci Expansion (FE) of November 09-30 moves, close to 1.1120, will be important for the EURUSD bears to watch. To sum up, the bullish consolidation is likely to continue during the final days of 2021.
Short
by MTradingGlobal
1
EURUSD | The best entry point to sell🎯Hello traders , EURUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. The wave count that we had in the weekly time of this symbol showed that wave c ended from wave 4 and this decline is related to wave 5. Our counting wave is not normal at all and can be fielded at any time, and this wave is also part of wave 4 of the previous leading trend. Anyway, we assume that we are in a process of progress, and from this process, the main waves 1 and 2 have ended, and the microwave, wave 3, is being formed. From wave 3, waves 1 and 2 are probably over, and now we are inside wave 3 of wave 3. The trend of this wave is in wave 4 and wave 4 was probably in the shape of a triangle. After the completion of the descending triangle for wave 5 of 3, wave of wave 3 will occur, the target of this decline is around 1.10000. We do not have a specific field point, but the failure of the upper side of the triangle in the analysis or the failure of the upper side of the green channel in this analysis is fielded. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by mahdisoltaninjad
EURUSD bears to keep reins during final days of 2021EURUSD remains within a small trading range ever since it refreshed the yearly low to 1.1186. That said, the monthly support line and gradually improving RSI challenge the bearish bias. However, the bulls have multiple hurdles to cross before convincing markets during thin volume and holiday season, which in turn makes it harder for buyers. Also adding to the seller’s support are the bearish MACD signals. The quote’s latest moves have been compressed by the 20-day smoothed average near 1.1365, a break of which could escalate recovery moves towards 1.1470 comprising a descending trend line from early September. Even if the pair rises beyond 1.1470, October’s low surrounding 1.1530 will act as an additional upside filter. Meanwhile, pullback moves may initially aim for the stated one-month-old support line near 1.1235 before challenging the yearly low of 1.1186. Following that, March 2020 swing high close to 1.1150 and 61.8% Fibonacci Expansion (FE) of November month’s moves, around 1.1120, will be in focus.
Short
by MTradingGlobal
1
EURUSD sellers have smooth sailing ahead of ECBMarket’s surprise reaction to the hawkish Fed decisions keeps EURUSD traders cautious inside a short-term symmetrical triangle ahead of the ECB monetary policy meeting. Given the dovish expectations from the European Central Bank (ECB), EURUSD is likely to refresh the yearly low. In doing so, the quote needs a clear downside break of a three-week-old support line, near 1.1255 by the press time. Following that, the March 2020 high near 1.1150 and the 61.8% Fibonacci Expansion (FE) of November’s moves, near 1.1120, should lure the bears before directing them, to the 1.1000 psychological magnet. Meanwhile, the stated triangle’s resistance line restricts short-term EURUSD advances below the 1.1300 threshold. Adding to the upside filters is the 200-SMA level of 1.1370. In a case where the quote rallies past 1.1370, 1.1460 and 1.1510 are likely to return to the chart. To sum up, EURUSD bears await the ECB to react more strongly to the hawkish Fed.
Short
by MTradingGlobal
💡Don't miss the great buy opportunity in EURUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1283). . 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 an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 67. Take Profits: TP1= @ 1.1323 TP2= @ 1.1347 TP3= @ 1.1373 TP4= @ 1.1432 TP5= @ 1.1463 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
5
EURUSD bulls bracing for a bumpy road with eyes on Fed, ECBA sustained break of the 100-SMA and gradually rising RSI line keep EURUSD buyers hopeful as global markets await the key central bank announcements scheduled for the week. Although the European Central Bank (ECB) has more reasons to sound dovish and the Fed hawks are in full swing, Omicron threatens the market expectations and may throw a wild card. That said, the upper line of the 13-day-old triangle and a descending resistance line from late September, around 1.1345-50, will challenge the immediate recovery moves ahead of the 200-SMA level near 1.1405-10. Also acting as an additional upside filter is the mid-November swing high near 1.1465. Meanwhile, a downside break of the 100-SMA, close to 1.1285 by the press time, will attack the lower line of the stated triangle, near 1.1240, followed by the monthly low surrounding 1.1230. Should EURUSD bears manage to conquer the 1.1230 support, the odds of witnessing a fresh yearly low beneath the latest 1.1188 figure can’t be ruled out. Overall, EURUSD bears seem to have tired of late but the bulls need validation ahead of the crucial events.
by MTradingGlobal
1
Technical Analysis: EURUSD stays directed to 1.1150EURUSD fails to extend the corrective pullback from yearly low beyond 20-DMA and previous support from August. The inability to cross nearby hurdles joins bearish MACD signals and RSI retreat to keep sellers hopeful to revisit the recently flashed multi-day low under the 1.1200 threshold. During the fall, the 1.1200 round figure may offer an intermediate halt while any further downside past 1.1185, will aim for March 2020 bottom surrounding 1.1150. It’s worth noting that the RSI conditions might trigger another bounce off the 1.1150 level, failing to which will make the pair vulnerable to drop towards the 1.1100 psychological magnet. Alternatively, 20-DMA and the stated support-turned-resistance, respectively around 1.1335 and 1.1365, will precede the recent swing high around 1.1385 to challenge the EURUSD pair’s short-term recovery. In a case where the quote rises past 1.1385, November 12 top surrounding 1.1460 and October’s low of 1.1523 will be in focus. If at all the EURUSD bulls manage to conquer the 1.1523 hurdle, the prevailing bearish trend is likely to reverse.
Short
by MTradingGlobal
EURUSD rebound stays on the cards until breaking 1.1147Although EURUSD bears keep reins around the yearly, the odds of a corrective pullback can’t be ruled out considering the quote’s ability to stay beyond a three-week-old resistance line, now support, as well as 50-SMA. Also favoring the pair buyers is the firmer RSI line and recently bullish MACD signals. That said, November 18 swing high near 1.1375 acts as immediate resistance for the pair traders to watch ahead of the 50% Fibonacci retracement level of October 28 to November 24 downside, around 1.1440. In a case where the pair buyers keep reins past 1.1440, the 1.1500 threshold and 1.1515 levels may probe them before closing the doors for the sellers. Alternatively, fresh downside needs validation from a 50-SMA level of 1.1270, a break of which will direct the pair sellers towards the yearly low of 1.1185. However, the resistance-turned-support and a broad horizontal area comprising multiple levels marked since March 2020, around 1.1165-47, will be a tough nut to crack for the pair sellers afterward. Should the quote drops below 1.1147, the 1.1000 threshold will be in the spotlight.
by MTradingGlobal
EURUSD inches closer to 1.1160-40 support areaA clear downside break of June 2020 swing high and 61.8% Fibonacci retracement (Fibo.) of March 2020 to January 2021 upside keeps EURUSD bears hopeful to visit a 20-pip horizontal region comprising March 2020 peak and June 2020 trough. However, oversold RSI conditions may challenge the pair bears afterward, if not then the 78.6% Fibo. level of 1.1000 should be on the cards. Additionally, extended weakness past 1.1000 will aim for a 1.0780-60 multiple support zone before challenging the previous yearly low of 1.0635. Meanwhile, the corrective pullback may initially aim for a 61.8% Fibonacci retracement level of 1.1300 prior to challenging the June 2020 high near 1.1420. It should be noted, however, that the bearish trend is less likely to be reversed until the EURUSD prices remain below October’s bottom surrounding 1.1525. Overall, the currency major remains vulnerable to further weakness but intermediate bounces can’t be ruled out.
Short
by MTradingGlobal
EURUSD refreshes 16-month low on the road to 1.1150Alike other major currencies, the broad US dollar strength could be well witnessed on the EURUSD chart that prints the lowest level since July 2020. In doing so, the quote slips below the 61.8% Fibonacci retracement of March 2020 to January 2021 upside, around 1.1300, which in turn joins the bearish MACD signals to keep sellers hopeful. However, oversold RSI conditions hint at a pullback and hence the pair’s further downside hinges on a daily closing below 1.1300. Following that, a horizontal area comprising highs marked during late March and lows of late June, around 1.1150, will be the key to watch. Alternatively, the EURUSD pair’s corrective pullback may aim for June 2020 peak near 1.1420 but any further upside will be challenged by March 2020 peak and 50% Fibonacci retracement level around 1.1500. Even if the pair provides a daily closing past 1.1500, multiple hurdles around the 1.1600 threshold will play their roles to challenge the buyers. To sum up, EURUSD bears are in control but RSI conditions signal a bounce before further declines.
Short
by MTradingGlobal