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Eurusd-3

EURUSDDear traders, as I have become accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As I said last weeks... went up again in the area 1.19500-1.2 from where it went down again! as you can see on the chart for 1 week, I expect that in the next period the EU will range in the area 1.18500-1.2, following that at the first weekly closing above these values to give the trend of the next period..but, I still bet on SELL until at target 2! ...even if there is a significant withdrawal because EUR is under pressure, I will remain in SELL until my final target .... 1.16 and the perfect formation of the letter M THIS WEEK...This week I will draw a parallel between the 1 week chart and the 1 month chart because the month has just ended and I would like to know what to expect ... Exactly as i told you in the last few months the EU has reached my target no. 2 and now i am starting a new analysis for the next period! Even though on the 1 month chart the EU has closed below the support formed in recent years ( an extremely strong area), I expect an aggressive retreat move to around 1.17 or even higher and after ... I think it will tests for the first time this year area 1.15 ... my final target NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
1
EURUSD set to drop further towards 1.1500Having offered a clear break of the late 2020 supports, now resistances around 1.1600, EURUSD is all in for further weakness. The current consolidation during early Friday could be linked to oversold RSI conditions. However, the bears keep the fort, targeting March 2020 tops surrounding 1.1500. In a case where the quote refrains from bouncing off 1.1500, June 2020 peak close to 1.1420 should return to the chart. It’s worth noting that the pair’s extended fall should be slower and hence sellers should be cautious and patient as well. During the quote’s corrective pullback, the 1.1600 mark serves as the key level, a break of which should trigger short-term buying on the way to the previous descending support line from March 2021, near 1.1645-50. In a case where the EURUSD prices remain firm past 1.1650, late September swing high near 1.1755 will be on the buyer’s target. Overall, the quote remains bearish but sellers seem to be tired after a long run.
Short
by MTradingGlobal
EURUSD rebound fades before Fed Chairman Powell’s speechEURUSD struggles to extend the strongest recovery in a month as anxiety over Evergrande test pair buyers ahead of a speech from Fed Chairman Jerome Powell. With this, the currency major steps back from the weekly resistance line, which in turn suggests further weakness towards the 1.1700 threshold. However, the quote’s downside past 1.1700 will not hesitate to refresh the yearly low near 1.1665. Meanwhile, an upside clearance of the immediate trend line hurdle surrounding 1.1745 will direct the quote towards a 61.8% Fibonacci retracement level near 1.1760. Even if the EURUSD bulls manage to cross 1.1760, 200-SMA and a descending resistance line from September 03, respectively near 1.1775 and 1.1785, will precede the September 17 peak of 1.1788 to challenge the pair’s further advances. Overall, EURUSD remains pressured but traders await key catalysts for fresh impulse.
Short
by MTradingGlobal
EURUSD eyes 1.1790 break to keep controls on US inflation dayEURUSD struggles to keep rebound from monthly low ahead of the key US Consumer Price Index (CPI) data for August. Given the latest chatters over Fed tapering before the next week’s FOMC, today’s US inflation data becomes crucial for the markets. Ahead of the data, the US dollar slips and prints mild gains on the face of the EURUSD. However, failures to cross the 1.1910 horizontal resistance and sluggish oscillators keep sellers hopeful. It should be noted, though, that the 50-DMA and 20-DMA, respectively around 1.1795 and 1.1790, restrict the quote’s short-term downside ahead of July’s low near 1.1790. If US inflation data rejects tapering concerns with a downbeat figure, the EURUSD prices may recover from the key moving averages. With this, the latest swing high around 1.1850 may offer an intermediate halt before highlighting the 1.1910 horizontal area, comprising multiple tops marked since June 30. In a case where the EURUSD bulls manage to keep reins past 1.1910, odds of its rally towards May’s bottom near 1.1985 and the 1.2000 psychological magnet should return to the charts.
Short
by MTradingGlobal