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EURUSD

EURUSD: CASE OF ENDING DIAGONALENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began. TRADING STRATEGY: One should go long on the current levels or any dip , keeping a stop loss of 1.15360 look for the target of 1.16400 & above.
Long
by TradingSutra
potential EURUSD mark up phase 1 hour cycle W = 1 mark up phase + 1 mark down phase of 15 min cycles so according to 15 min cycle (3 days drop mon tues early wed) then reversal at W then we will get mark up phase in 15 min which will break 1 hour W for mark up phase in 1 hours and we got 3 drop and today is Wednesday! so according to the 1 H and 15 min cycles this is the last lvl 3 drop and from this W 15 min mark up phase is perfectly aligned with 1 hour W and 1 hour mark up phase
Long
by Aditya_Mishra1
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