Tricky EUR/USD (June 7)EUR/USD is on heavy Consolidation
EUR/USD is getting Hard and Challenging for Traders. With a Hefty Risk.
Previous Two days of Price Action has been Considerably in a Pattern.
Changes could happen only when there is a Heavy Impact of News
This Day Could end with Either a Doji or Potential Bullish Candle.
Today is not Suitable for Trading in EUR/USD.
Sudden Changes could happen, because of low Volatility and Volume.
There will be a 100% Start of a Trend when there is a heavy news impacted the EUR/USD Pair.
Keep your eyes on the Market when there is a News which will impact heavily.
EUR/USD will soon become the Big Player after the Consolidation Period or Pattern.
Eurusdoutlook
EURUSD Long Trade SetupThe 4 hour right side is down against 3/09/2020 peak (1.1492) & shows a bearish sequence. 1 hour is down against 1.1353 high. Near-term, while bounces fail below there expect pair to extend lower 1 more push before last push higher against 3/09/2020 peak can be seen.
BUY EURUSD
@1,1215-1.1210
Target- 1.1300-1.1350
Stop Loss: 1.1150
Good luck !
EURUSD LONG TRADE SETUPThe weekly is turning lower and the daily right side is down against the 2/16/18 highs at 1.2551. The 4 hour right side is down with a bearish sequence against the 12/31/19 highs at 1.1237. While below 1.0949 where the hourly right side is down the pair can see another low in the 1.0700 area before it corrects the cycle lower from the 12/31/19 highs.
EUR/USD TECH-SHEETghstocktrading.webnode.com
EUR/USD TECH-SHEET
EUR/USD: performed only +1.53% for the year 2018, in which 16th February 2018 top 1.2557 consider to be the year top whereas 12th November 2018 bottom 1.1214 consider to be year low. EUR/USD completed (+or-) 1343 pip.
If it breaks 1.1491
Buy @t Entry: 1.1491
Stop Loss: 1.1234
Target 1: 1.1523
Target 2: 1.1528
Target 3: 1.1534
Target 4: 1.1542
Target 5: 1.1555
Target 6: 1.1577
Target 7: 1.1620
Target 8: 1.1748
#EURUSD heading towards 0.9888 by the end of the year.EURUSD seem to be looking at working its way to go down towards parity. The current political and economic climate might seem to suggest the same as well.
With geo-political issues people run towards the Dollar safe haven status again and Euro is always one country away from having another round of news being going everywhere that the union might be breaking.
Above are some of the reasons because of which I might be opening only short positions in Euro now.
Good luck all. Would love to hear your comments on what you all think.