The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.
1. AB is the Range confirmed by pivots CDEF.
2. 'A' the Range resistance is broken and given Unacceptence by candles 1 and 2.
3. Yellow line show's the immediate fall in price and Green lines shows pullback and then fall in price
4. Target 1 will come at 1:2 RR
Target 2 can be trailed with respect to priceaction. Once the first target is attained stop loss ...
EURUSD previous Weekly candle closed as nice Bearish Candle farther expect this week and coming few week this pair will fall till upper trend-line support , so sell this pair with maintain Stop loss and Take Profit ,
best of luck
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The current move may extend upto 1.19751 / 1.19795 where a nice confluence of the 0.618 of the last down leg intersects with the CD leg of the ABCD pattern.
It would be good to enjoy the current uptrend which can still provide a fair R-R-R trade. However, price at the confluence zone should be watched carefully.
Hit like if this information is useful.
Trade ...
EU broke the consolidation and made a new high. Look for the short for pullback(BO Retest). Overall bias is bullish but it can be a good pullback trade.
Very Great Opportunity, On the Daily this is the first pullback we wanted in order for the EURUSD to start a profitable downtrend.
The Risk/Reward here is potentially 1/5. We have seen a rise in volume which is another indication where going to head back down.
1. Double top formation in progress
2. Good follow through bar
-----GO short at 1.8690 or 1.8680
3. Take partial profit at nearest support level which is 1.8375
4 . Place SL at 1.8920
5. Risk to reward is 150 to nearly 300
EUR USD spot at 1.1644,market tested thrice 1.1680, and yesterday break it 1.1680 and test 1.1700, i'm expecting that market will correct till 1.1580 then after it may test 1.1540 and may be again 1.1700, no trade zone between 1.1540-1.1580, and right now it's try to potentially forming head and shoulder
FX_IDC:EURUSD has broken its channel on the upside.
Combined with the resistance at 1.16228 a break below can thrust the pair till a 1.15830 levels.
Sell on a pullback to 1.16300 for a target of 1.5736 with a stop at 1.1658
EUR USD spot 1.1476-80, there is clearly indicating in weekly chart market is forming triple bottom, and market 1.1450 after forming series of lower high, neckline at 1.1450-52, market tested this 2 times now it's highly expected it's break strongly ( not the false break) and again test 1.1450, then will higher up to the minimum objective 1.2450, almost 1000 ...
Rounded Bottom pattern formation on EURUSD and it will break on upside.
Trade:
Buy above - 1.15315
Target 1 - 1.19027
Target 2 - 1.22900
Stop Loss - 1.09915
