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Eurusdanalysis

EUR/USD in Correction ModeHere EUR/USD trying to escape from the parallel channel. I think it would start marching upward soon from the support area of the Box pattern. Its trend is reversing, so day traders can sell now for the levels of 1.1706 - 1.1696 . And a breakdown of 1.1690 is a direct signal for a continuous downtrend that can be for 1.1666 - 1.1636 . Downtrend initiator: 1.1717 According to this chart, EUR/USD will keep moving forward for the levels of 1.1800 - 1.1826 .
by forextidings
EURUSD TRADE SETUP FOR LONGA second wave (x) ended at 1.2532 on 2/16/18 where the weekly is turning down and the daily right side is down. Down from there wave a ended at 1.0877 on 10/1/19 where the 4 hour is turning up. From there a wave ((W)) is in place at the 1.1239 highs from 12/31/19 where the hourly is turning down. From there the cycle in wave (W) ended at 1.1084. While above there it can see a bounce to correct the cycle from the 12/31/19 highs. While below there it can see another swing lower in the correction of the cycle up from the 10/1/19 lows.
Long
by Forextuitions
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=1.116. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.116. In this situation, there is an expectation to reach the target S3=1.108. 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
There is a possibility for the beginning of an uptrend in EURUSDMidterm forecast: While the price is above the support 1.1000, beginning of uptrend is expected. We make sure when the resistance at 1.1450 breaks. If the support at 1.1000 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. . While the RSI resistance #2 at 52 is not broken, the probability of price increase would be too low. . The RSI is at 54. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.1175 to 1.1100). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.1175) Ending of entry zone (1.1100) 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= @ 1.12650 TP2= @ 1.13450 TP3= @ 1.14500 TP4= @ 1.15700 TP5= @ 1.17250 TP6= @ 1.18650 TP7= @ 1.20300 TP8= @ 1.22300 TP9= @ 1.25550 TP10= Free
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=1.1225. TP4: R2=1.1245. 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