Donna Forex Forum

General => General Trading Discussion => Topic started by: rosentray on February 26, 2016, 09:07:38 AM

Title: EUR/USD
Post by: rosentray on February 26, 2016, 09:07:38 AM
The EUR/USD is trading between the 200SMA and the support line. 1.10 remains a crucial level. Below it we might see an attempt for 1.09, above it we should get a close above the 200SMA for a new trend to begin.
Title: Re: EUR/USD
Post by: Peter Nevill on March 29, 2017, 09:09:12 PM
Because of comfortable trading spreads I like most EUR/USD from all other major pairs. But I am not willing do depend on completely just one currency.  For that reason in my demo account I usually trade all major currency pair to see the performance how it works. This approach always helps me for increasing my trading performance very rapidly.
Title: Re: EUR/USD
Post by: Jason Stepen on May 08, 2017, 01:16:32 PM
Right now I am demo trading EUR/USD.
 I personally think as a beginner trader it is smart to trade only one pair, until you have a feel for the market.
Title: Re: EUR/USD
Post by: Arif Trader on May 10, 2017, 02:58:21 PM
I also trade only with EUR/USD.
Title: Re: EUR/USD
Post by: Corey Anderson on May 15, 2017, 04:36:20 PM
Well, I see you are using SMA for dynamic support and resistant levels, by the way I use technical and fundamental both kind of market analysis for filtering my entry points! In order to my personal observation, now there is no good entry points, since now we are in a daily range, I am waiting for breaking upper and lower level of this range!
Title: Re: EUR/USD
Post by: Eliza Abrams on May 18, 2017, 12:37:25 PM
EUR/USD pulled back from 1.1170, do you think that was the end of the rally or there will be more?
Title: Re: EUR/USD
Post by: Mitchell Marsh on June 29, 2017, 03:45:09 PM
Sir, can anyone say  why everyone like EURO to trade ?? this euro make me stressed out, move too fast
 give me some reason
Title: Re: EUR/USD
Post by: Eliza Abrams on June 30, 2017, 10:39:41 AM
Sir, can anyone say  why everyone like EURO to trade ?? this euro make me stressed out, move too fast
 give me some reason

EUR/USD is the most popular currency in the world and has enormous liquidity.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 24, 2017, 03:24:58 PM
 EUR/USD has reached a strong resistance on the weekly and monthly time frame. I think it is very possible for us to see a deeper correction - up until the pair reaches 1.1400 or even 1.1250. Such a correction, obviously, won't develop over the course of a couple of days, it could last for weeks.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 31, 2017, 01:45:27 PM
It occurred to me that the NFP will be this week again. Whatever EUR/USD does for the rest of the week, prior experience dictates that the true movements will probably happen on Friday.
Title: Re: EUR/USD
Post by: Trunk on July 31, 2017, 02:53:29 PM
Unless you have HFT facilities to compete using speed advantage during news release your best option is to decipher sentiments that move USD before the NFP and jump before even realize emerged trading opportunity. My guess that dollar will appreciate slightly from current levels to extend fall on weak labor figures as NFP is likely to follow weak inflation and other data.
Title: Re: EUR/USD
Post by: Confrontation Girl on August 02, 2017, 06:44:00 AM
I am trading this EUR USD pair on a demo account and that is why I am trying a different trick to get the trend on easy way.
Title: Re: EUR/USD
Post by: resistance on August 02, 2017, 12:08:47 PM
I am trading this EUR USD pair on a demo account and that is why I am trying a different trick to get the trend on easy way.
If look on monthly timeframe, eurusd on bullish trend on few month, but trend not only at one direction, there are sometime movement on wave downtrend but often it only temporary movement, I think trading recommendation for this pair is look buy at low
Title: Re: EUR/USD
Post by: WolfGUN on August 02, 2017, 01:48:44 PM
I wonder why is this topic not active?
EURUSD pair is like a guide line for many.
Breaking out steady last days. So exciting!
Title: Re: EUR/USD
Post by: Foxy_Trader on August 03, 2017, 09:08:34 AM
I wonder why is this topic not active?
EURUSD pair is like a guide line for many.
Breaking out steady last days. So exciting!

I'm selling now.
Just to make this topic more alive 8)
Title: Re: EUR/USD
Post by: Humble Trader's Fx on August 03, 2017, 10:14:27 AM
I wonder why is this topic not active?
EURUSD pair is like a guide line for many.
Breaking out steady last days. So exciting!

I'm selling now.
Just to make this topic more alive 8)

Harmonics Trader can be a good indicator but no pattern(s) has emerged "yet". You can run a demo copy for free; it can be used as one additional tool and use it as a possible indicator.  8)

http://harmonicstrader.com/

Regards,
HumbleTrader
Title: Re: EUR/USD
Post by: Paul.Trafford on August 03, 2017, 12:02:26 PM
Beautiful trend movement currently started from 1.12 , but I mean summer time is always like that.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 03, 2017, 12:32:42 PM
I think I will wait for the NFP data before I trade the EUR/USD in any way. Those news always cause a lot of volatility.
Title: Re: EUR/USD
Post by: reinerh on August 03, 2017, 01:50:02 PM
nfp will shake things up tomorrow,

i think a retrace might come finally.
Title: Re: EUR/USD
Post by: reinerh on August 03, 2017, 02:07:08 PM
I wonder why is this topic not active?
EURUSD pair is like a guide line for many.
Breaking out steady last days. So exciting!

I'm selling now.
Just to make this topic more alive 8)

Harmonics Trader can be a good indicator but no pattern(s) has emerged "yet". You can run a demo copy for free; it can be used as one additional tool and use it as a possible indicator.  8)

http://harmonicstrader.com/

Regards,
HumbleTrader

ilios,

harmonics can be loaded in the backtester and tested for free.

but the demo cant be run for free, you must have a license to run a demo forward.
Title: Re: EUR/USD
Post by: Humble Trader's Fx on August 03, 2017, 02:56:33 PM
I wonder why is this topic not active?
EURUSD pair is like a guide line for many.
Breaking out steady last days. So exciting!

I'm selling now.
Just to make this topic more alive 8)

Harmonics Trader can be a good indicator but no pattern(s) has emerged "yet". You can run a demo copy for free; it can be used as one additional tool and use it as a possible indicator.  8)

http://harmonicstrader.com/

Regards,
HumbleTrader

ilios,

harmonics can be loaded in the backtester and tested for free.

but the demo cant be run for free, you must have a license to run a demo forward.

I stand corrected, I never used it myself, and I thought that this was what was meant by no license for the demo. My apology if I have misled anyone.

Thanks reinerh, "hugs" ;D

Regards,
HumbleTrader

Title: Re: EUR/USD
Post by: Eliza Abrams on August 04, 2017, 01:20:01 PM
The NFP should be announced very soon. I, personally, am not trading this pair for the moment. If you any of you do, I wish you success.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 05, 2017, 12:38:40 PM
Big drop after the NFP data was announced. The pair may reach 1.1700 next. I shorted after the news and I didn't close my position over the weekend.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 07, 2017, 01:18:26 PM
Predictably EUR/USD is retracing after the big drop on Friday, but the pair will likely continue dropping once that correction ends, at least until it tests the support at 1.1700 once more time.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 11, 2017, 12:53:06 PM

The pair is so undecided for the moment that unless the fundamentals give it a necessary push it may not exit the range before the market closes later today.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 12, 2017, 12:00:07 PM
The fundamentals did give the pair the required push and it started rallying. Not to mention that it had formed a pair of inverted hammer bars on the daily time-frame above 1.1700. All that said, the renewal of the bullish trend won't be confirmed before the pair breaks out the previous high at 1.1910.
Title: Re: EUR/USD
Post by: Jabbar Hossen on August 12, 2017, 12:11:23 PM
EUR/USD is the most profitable pair than other majors in my trading career. But as a newcomer I got confused because of its volatile trading spreads.  But now I know how to keep pace with eur/usd. 
Title: Re: EUR/USD
Post by: Eliza Abrams on August 13, 2017, 10:53:13 PM
EUR/USD is the most profitable pair than other majors in my trading career. But as a newcomer I got confused because of its volatile trading spreads.  But now I know how to keep pace with eur/usd.

How do you think it will develop in the upcoming week?
Title: Re: EUR/USD
Post by: Eliza Abrams on August 16, 2017, 11:53:47 PM
EUR/USD rebounded from 1.1700 after the news and the pair will likely climb back to 1.1800.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 21, 2017, 01:27:13 PM
 The correction to the downside may be over, considering the hammer bars the pair has formed on the H4 time-frame at the support at 1.1660. I expect a new move to the upside.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 23, 2017, 01:46:49 PM
The move to the upside did occur, but the pair remains stuck in a in a tight range. However, there are also three candlesticks on the weekly time-frame - a shooting star and a pair of hanging man candlesticks - that could indicate a reversal.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 24, 2017, 02:22:03 PM
 A quick reminder that Janet Yellen will have a speech tomorrow at Jackson Hole at the Federal Reserve Bank of Kansas City Economic Symposium and it will likely affect all USD-related pairings, including EUR/USD, which will probably continue its consolidation until then.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 25, 2017, 01:44:06 PM
 The sideways consolidation has become very tight because of impending news about Janet Yellen's speech. I have closed all my positions just in case. Good luck to anyone trading the news.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 28, 2017, 01:45:06 PM
EUR/USD has formed a pair of shooting star bars on the H4 time-frame at the last high at 1.1960, so we might see a temporary retracement before the pair continues moving to the upside, as the trend remains very bullish for now.
Title: Re: EUR/USD
Post by: reinerh on August 28, 2017, 04:24:28 PM
EUR/USD has formed a pair of shooting star bars on the H4 time-frame at the last high at 1.1960, so we might see a temporary retracement before the pair continues moving to the upside, as the trend remains very bullish for now.

price action today is indicating solid buying, so not to sure about a retrace.

many blown marti accounts sure to follow.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 31, 2017, 02:29:48 PM
EUR/USD also formed a shooting star bar on the daily time-frame at 1.2060, so the correction might end up deeper than expected.
Title: Re: EUR/USD
Post by: reinerh on August 31, 2017, 02:35:43 PM
EUR/USD also formed a shooting star bar on the daily time-frame at 1.2060, so the correction might end up deeper than expected.

i expect a retrace from the 1850 level soon.

be scaling in with buys manually with a sl 1780

nfp tomorrow.................... fireworks
Title: Re: EUR/USD
Post by: Eliza Abrams on September 01, 2017, 03:33:03 PM
The US Non-Farm payrolls were announced earlier today but all they caused was a whipsaw and the tight sideways consolidation continues. It is unlikely it will end before the market closes this week. That said, once it does end there will probably be a new move to the downside.
Title: Re: EUR/USD
Post by: reinerh on September 01, 2017, 04:03:36 PM
my manual buys from before nfp did well,

my bot was about be.

next week we have ecb, that will shake things up again big time.................
Title: Re: EUR/USD
Post by: Eliza Abrams on September 02, 2017, 01:58:39 PM
Whatever the fundamentals, the technical analysis hasn't changed - there is still a shooting star candlestick at 1.2070 on the daily time-frame and that signal for a move to the downside is still valid.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 05, 2017, 02:10:40 PM
 Although EUR/USD continues consolidating sideways the pair has also formed an impressive shooting star bar on the weekly time-frame at 1.2070, so a new move to the downside toward 1.1800 is quite possible.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 07, 2017, 02:44:02 PM
EUR/USD made another attempt to break out above 1.2070, but so far it has been unsuccessful. The pair might retrace back to the support at 1.1920 or even break out below that level.
Title: Re: EUR/USD
Post by: Paul.Trafford on September 08, 2017, 07:00:25 AM
EUR/USD made another attempt to break out above 1.2070, but so far it has been unsuccessful. The pair might retrace back to the support at 1.1920 or even break out below that level.

Eliza I believe it will most likely start to drop down, (I am quite sure actually).
Title: Re: EUR/USD
Post by: Eliza Abrams on September 08, 2017, 02:57:16 PM
EUR/USD made another attempt to break out above 1.2070, but so far it has been unsuccessful. The pair might retrace back to the support at 1.1920 or even break out below that level.

Eliza I believe it will most likely start to drop down, (I am quite sure actually).

I thought so too, but the bullish movement continues, after all, despite the retracement yesterday. EUR/USD formed a new high at 1.2090 and it may soon break out above the next major resistance at 1.2100.
Title: Re: EUR/USD
Post by: Trunk on September 11, 2017, 07:59:06 AM
EUR/USD made another attempt to break out above 1.2070, but so far it has been unsuccessful. The pair might retrace back to the support at 1.1920 or even break out below that level.

Eliza I believe it will most likely start to drop down, (I am quite sure actually).

Retracement would be a welcome event in EURUSD currently, but I think 90 level on EURUSD will do the trick and if Yellen avoids being extremely dovish on Fed decision we may see trend reversal or some decent retracement. I wait till it drops a little bit more.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 11, 2017, 03:05:38 PM
 It appears that there will be at least a temporary retracement as EUR/USD formed another shooting star bar on the D1 time frame at 1.2092. That said, the overall bullish trend is not over yet and the rally will probably continue afterwards.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 15, 2017, 02:59:59 PM
 The EUR/USD retracement is either over or the pair has begun to form a sideways consolidation above the support at 1.1835 because the pair formed a hammer bar above that level on the D1 time frame and bounced off from it. Which one of these scenarios is more valid depends on whether there will be a breakout above the last high at 1.2092 or the pair will bounce off from it again.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 21, 2017, 01:30:49 PM
 EUR/USD dropped significantly after FOMC announced yesterday that they won't hike the interest rate. However, despite the drop, the pair remains withing the sideways consolidation above 1.1859. I think next target will be 1.2030 again.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 23, 2017, 02:23:30 PM
 EUR/USD has been consolidating sideways for well over three weeks now and not even the FOMC news could end the consolidation. That said, the pair has formed a hanging man bar on the weekly time-frame at 1.2030, a correction to the downside is possible.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 27, 2017, 02:52:40 PM
I think the bullish trend is definitely over for now - EUR/USD has begun a serious correction. I think next target will be around 1.1600, which is the MA89 on the daily time frame.
     

Title: Re: EUR/USD
Post by: Eliza Abrams on October 04, 2017, 03:19:37 PM
EUR/USD is consolidating above 1.1700. The consolidation likely won't end before the NFP on Friday. NFP weeks tend to be terribly slow up until the news come out.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 07, 2017, 12:53:32 PM

Talk about much ado about nothing, all that the NFP caused this time was a 70 pips long whipsaw. The pair remains undecided, we'll see next week whether there will finally be a true breakout below 1.1700.
Title: Re: EUR/USD
Post by: reinerh on October 07, 2017, 04:34:10 PM

Talk about much ado about nothing, all that the NFP caused this time was a 70 pips long whipsaw. The pair remains undecided, we'll see next week whether there will finally be a true breakout below 1.1700.

all week was whacky, smallest ranges i seen in a long time.

and nfp, what a joke that was, never seen that before.

and even the speeches did not do a thing, unreal.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 07, 2017, 08:13:59 PM

Talk about much ado about nothing, all that the NFP caused this time was a 70 pips long whipsaw. The pair remains undecided, we'll see next week whether there will finally be a true breakout below 1.1700.

all week was whacky, smallest ranges i seen in a long time.

and nfp, what a joke that was, never seen that before.

and even the speeches did not do a thing, unreal.

I've seen such lukewarm reactions to the NFP from time to time - and by time to time I mean a few times a year. It's always so disappointing and anti-climactic. Everyone waits for the news to come out all week, the market barely moves, and then it just fizzles like wet fireworks.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 09, 2017, 04:11:33 PM
 EUR/USD found some support at 1.1665 and rebounded from that level. What is more, the pair has formed a clear hammer candlestick on the daily time-frame, also at the same level, so there will likely be a new move to the upside.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 11, 2017, 02:20:44 PM
Today will be announced the FOMC meeting minutes, so we can probably expect major volatility on all USD-related pairs. I recommend caution when trading them.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 13, 2017, 02:32:58 PM

EUR/USD rebounded from 1.1665 and continued rallying. It's testing 1.1870 and I think if it breaks out above that level it will reach 1.1980.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 19, 2017, 03:00:43 PM
It looks like EUR/USD is on its way to test the resistance at 1.1870 -1.1880 yet again. I think this time there will be a breakout after all.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 20, 2017, 12:45:44 PM
The zone around 1.1860 - 1.1870 is proving to be a very strong resistance zone, the pair bounced from it yet again and it looks like it will begina sideways consolidation between that zone and 1.1730.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 23, 2017, 11:58:11 AM
EUR/USD is back at the support of the range at 1.1730. A possible breakout below that support could lead to a drop towards 1.1665, which is the MA89 on the D1 chart.
Title: Re: EUR/USD
Post by: Neurotic on October 24, 2017, 05:22:31 AM
EUR/USD is my favorite pair as it is quite has very nice liquidity, and hence I like to deal in with it.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 24, 2017, 12:47:55 PM
 The pair has formed both a hammer and an inverted hammer bar on the H4 time frame at 1.1730. I think that is a good indication that the support at that level will hold.
Title: Re: EUR/USD
Post by: reinerh on October 24, 2017, 02:50:34 PM
The pair has formed both a hammer and an inverted hammer bar on the H4 time frame at 1.1730. I think that is a good indication that the support at that level will hold.

ecb meeting might move this puppy this week........ ..........

sure hope it will break out good.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 27, 2017, 01:20:13 PM
EUR/USD broke out below 1.1670 after ECB press conference yesterday and today it continues to depreciate. I wouldn't be surprised if it reaches 1.1500.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 31, 2017, 01:52:32 PM
 EUR/USD is consolidating above 1.1570 for a third day now. A breakout below that support could lead to a drop to 1.1400.
Title: Re: EUR/USD
Post by: reinerh on October 31, 2017, 02:23:19 PM
EUR/USD is consolidating above 1.1570 for a third day now. A breakout below that support could lead to a drop to 1.1400.

with fomc tomorrow i would not rule out the drop.

eu seems pretty much lifeless undecided today thats for sure.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 02, 2017, 02:35:42 PM
EUR/USD is testing 1.1670 again, which is the resistance of the sideways range. Frankly, I doubt there will be a breakout before the NFP, but then again, stranger things have happened.
Title: Re: EUR/USD
Post by: JuanG on November 06, 2017, 03:33:27 AM
EUR / USD is consolidating above 1.1611 right now. A breakout below that support could lead to a drop to 1.1461. Breakthrough that I foresee this week
Title: Re: EUR/USD
Post by: Eliza Abrams on November 06, 2017, 02:47:01 PM

EUR/USD is testing the support at 1.1570. It may be forming a double bottom at that level and if that is the case we will likely see a new move to the upside.
Title: Re: EUR/USD
Post by: JuanG on November 06, 2017, 09:56:32 PM
Let’s not forget about the inverse head and shoulders model. It’s working out for now, but it won’t complete its formation if the daily candlestick closes above 1.1660. Ideally, the price will rebound from the LB balance line and close around 1.1630.
Title: Re: EUR/USD
Post by: Paul.Trafford on November 08, 2017, 08:28:41 AM
On a daily graphic there is a nice Head and Shoulders formed! I believe price will drop down till 1.13 in the next 2-3 weeks.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 08, 2017, 03:15:50 PM
 EUR/USD did break out below the double bottom at 1.1570 but it was only briefly and now it is back above the support. Clearly the sideways consolidation continues.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 10, 2017, 02:52:19 PM
EUR/USD is testing the resistance at 1.1670 yet again - it hasn't been able to break out above it since the sideways consolidation began. Further rally will probably occur if or when there's a breakout above the indicator.
Title: Re: EUR/USD
Post by: Trunk on November 10, 2017, 04:46:04 PM
I think the discord in upper and lower chambers of congress over tax plan threw Dollar and stocks in suspense. Everybody will either hold on or building short positions, uncertainty was never a bullish foothold for investors
Title: Re: EUR/USD
Post by: CanadianPsycho on November 11, 2017, 02:10:32 PM
Draghi's speech today was fairly hawkish in my estimation. Gave it a read over and he speaks rather persistently to the present strength of the Euro Banking sector and it's capacity for dealing with bad loans and keeping housing bubbles at bay.

Link for anyone who might be interested. Could give up a bit of a pop up on the EUR/USD tomorrow.

http://www.ecb.europa.eu/press/key/date/2017/html/ecb.sp171107.en.html
Title: Re: EUR/USD
Post by: reinerh on November 11, 2017, 02:49:09 PM
Draghi's speech today was fairly hawkish in my estimation. Gave it a read over and he speaks rather persistently to the present strength of the Euro Banking sector and it's capacity for dealing with bad loans and keeping housing bubbles at bay.

Link for anyone who might be interested. Could give up a bit of a pop up on the EUR/USD tomorrow.

http://www.ecb.europa.eu/press/key/date/2017/html/ecb.sp171107.en.html

they have the bubbles of all bubbles over there, in housing.

i never seen such exuberance in my life ever before, a buddy of mine was offered so much money for his house he had simply no other choice then to sell.

this will not end well........................
Title: Re: EUR/USD
Post by: CanadianPsycho on November 11, 2017, 02:57:26 PM
Oh...dude...don't think for a second I agree with any of that nonsense. I'm just looking at the news impact. We all know that these are houses of cards lol.
Title: Re: EUR/USD
Post by: reinerh on November 11, 2017, 03:06:46 PM
Oh...dude...don't think for a second I agree with any of that nonsense. I'm just looking at the news impact. We all know that these are houses of cards lol.

good to know there is still some brains left in this world ;)
Title: Re: EUR/USD
Post by: CanadianPsycho on November 11, 2017, 03:29:32 PM
Well, I like to think that I've a couple of mildly active brain cells to rub together here from time to time. Hahaha
Title: Re: EUR/USD
Post by: Eliza Abrams on November 13, 2017, 02:31:38 PM
EUR/USD is still consolidating around 1.1670, but this week there are speeches by both ECB President Mario Draghi and the Fed Chair Janet Yellen, so the news are bound to end the consolidation.
Title: Re: EUR/USD
Post by: JuanG on November 14, 2017, 04:27:03 PM
I’ve decided not to make a forecast given that news items can render any kind of technical signal irrelevant. Moreover, there is a lot of news expected today. To those who have stayed in the market, I wish the best of luck in weathering today’s major developments. To anyone who isn’t currently in the market, I advise remaining on the sidelines for today.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 15, 2017, 02:11:24 PM
The fundamentals pushed EUR/USD hard to the upside. The way it's rallying it could reach 1.1900 or even climb above it soon. The long-term target is probably the last high at 1.2092.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 16, 2017, 02:57:54 PM
There was a pullback from 1.1860 which is normal after such a sharp rally, but now the question is whether that rally will continue because the pullback also formed a shooting star candlestick on the daily time frame. A breakout above 1.1860 will confirm the further bullish movement.
Title: Re: EUR/USD
Post by: Paul.Trafford on November 16, 2017, 03:06:08 PM
Yesterday's Euro rising breaks above diagonal resistance connecting the high from September 08 and September 20 giving some sign for possible further uptrend movement. We had nice pullback today and looks like new Euro rising would be just a matter of time with very first targets 1.1845/55
Title: Re: EUR/USD
Post by: Eliza Abrams on November 19, 2017, 02:41:41 PM
 EUR/USD is consolidating below 1.1800, the pair seems very undecided despite the shooting star candlestick on the daily time frame.
Title: Re: EUR/USD
Post by: Humble Trader's Fx on November 19, 2017, 11:54:00 PM
EUR/USD is consolidating below 1.1800, the pair seems very undecided despite the shooting star candlestick on the daily time frame.

What cause the EUR to drop a like a rock; it can't be because Mugabe refusing to step down or maybe the lesser of importance, Merkel ?  :o 8)

Regards,
HumbleTrader
Title: Re: EUR/USD
Post by: deathlord on November 20, 2017, 09:09:13 AM
It’s probably Merkel and the failure of “Jamaica”-exploratory talks, yes.


Gesendet von iPhone mit Tapatalk
Title: Re: EUR/USD
Post by: diyforexskills on November 20, 2017, 11:10:04 AM
EUR/USD is consolidating below 1.1800, the pair seems very undecided despite the shooting star candlestick on the daily time frame.

Technical or Fundamental?

Several years from now technical trading educators will no doubt use today's price action on the Daily EURUSD as a classic example of how once a trend line is broken, a re-test of that trend line will follow prior to price continuing the break.

See orange rectangle area in chart below.

But those trading on this day will know that the sharp drop back to the trendline was in response the news that Merkel had failed to form a new coalition government.
And the subsequent move back up was in response to better than expected German PPI data released several hours later.

So are technical setups just coincidental to moves made in response to fundamentals? And that is why they only work sometimes?

(Of course I should wait till the NY close before writing this, but hey, I want to go to sleep now. :-) )
Title: Re: EUR/USD
Post by: JuanG on November 20, 2017, 03:06:00 PM
Interesting perspective, I think that the trade has very unpredictable moments, but the example you pose has to see the feelings of the investor, the psychology of trading is very important to take successful traders. Another aspect is the economic calendar https://alpari.com/en/analytics/calendar_fxstreet/ which we must stick to not to fall for market sentiment, I have always learned not to be in the market in 5 minutes before a shocking news is made known, because the movement can close your operation, for better or for worse
Title: Re: EUR/USD
Post by: Paul.Trafford on November 21, 2017, 07:38:05 AM
Interesting perspective, I think that the trade has very unpredictable moments, but the example you pose has to see the feelings of the investor, the psychology of trading is very important to take successful traders. Another aspect is the economic calendar https://alpari.com/en/analytics/calendar_fxstreet/ which we must stick to not to fall for market sentiment, I have always learned not to be in the market in 5 minutes before a shocking news is made known, because the movement can close your operation, for better or for worse

Your post doesn't make sense, not to mention that it is nothing to do with the subject. Please don't spam the subject!
Title: Re: EUR/USD
Post by: Eliza Abrams on November 21, 2017, 04:36:11 PM
EUR/USD is consolidating below 1.1800, the pair seems very undecided despite the shooting star candlestick on the daily time frame.

What cause the EUR to drop a like a rock; it can't be because Mugabe refusing to step down or maybe the lesser of importance, Merkel ?  :o 8)

Regards,
HumbleTrader

ECB President had a pair of speeches yesterday, it could've been a result of those. That said, the shooting star candlestick on the daily time-frame did point out to a future drop, it could've been just the result of that.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 22, 2017, 02:59:07 PM

EUR/USD rebounded from 1.1710 and is rising again. It looks like the sideways consolidation will become even narrower.
Title: Re: EUR/USD
Post by: resistance on November 24, 2017, 11:27:21 AM
On three day eurusd on bullish pattern, but with low volume transaction and movement only small bodi candle today, some trader might on friday market stay away from the market because sometime movement is random, but if want take the risk might buy option with waiting low  price as retracement
Title: Re: EUR/USD
Post by: Eliza Abrams on November 24, 2017, 03:26:24 PM
The consolidation finally ended - sometimes it feels like it lasts forever. The pair is currently very bullish and I wouldn't be surprised if it reaches at least 1.2000.
Title: Re: EUR/USD
Post by: HotForexsignal on May 21, 2019, 03:29:32 PM
EUR/USD has posted offend losses in credit to Tuesday. Currently, the pair is trading at 1.1148, down 0.16% in financial checking account to the day. On the forgive stomach, the eurozone releases consumer confidence is received to p.s. a feeble score of -8. In the U.S., existing residence sales are projected to climb nimbly to 5.35 million.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 22, 2019, 03:24:30 PM
The pair is consolidating sideways and there is no signal for any concrete movement in the near future, in my opinion.
Title: Re: EUR/USD
Post by: peter_s on May 23, 2019, 10:30:18 AM
The pair is consolidating sideways and there is no signal for any concrete movement in the near future, in my opinion.

Just continues to drift downwards since Feb 2018 until the next Euro crisis..which can't be too far away with the Italians borrowing at records levels to GDP...next level 1.0500/0600..?
Title: Re: EUR/USD
Post by: Humble Trader's Fx on May 23, 2019, 11:20:44 AM
The pair is consolidating sideways and there is no signal for any concrete movement in the near future, in my opinion.

Just continues to drift downwards since Feb 2018 until the next Euro crisis..which can't be too far away with the Italians borrowing at records levels to GDP...next level 1.0500/0600..?

Don't worry, the seat of God, rests at the Vatican, they will open their bank doors and help out.  ;)


Regards,
HumbleTrader
Title: Re: EUR/USD
Post by: BrandonHolly on May 24, 2019, 10:20:06 AM
Interesting move on the market this morning! Feels like euro starts to strengthen a bit before the results of elections to European Parliament. What do you think wil happen next? Where is is going to go?
Title: Re: EUR/USD
Post by: grobanjosh on May 24, 2019, 10:34:25 AM
Interesting move on the market this morning! Feels like euro starts to strengthen a bit before the results of elections to European Parliament. What do you think wil happen next? Where is is going to go?

Yeah, it's really interesting move.
The US dollar strengthened against the euro then turned around and closed trades in the red against all major currencies. And the euro closed with a rise in growth after in updated the monthly minimum against the US dollar.
Title: Re: EUR/USD
Post by: marcopiccollo on May 24, 2019, 11:13:02 AM
Interesting move on the market this morning! Feels like euro starts to strengthen a bit before the results of elections to European Parliament. What do you think wil happen next? Where is is going to go?

It depends on the results of elections and the US/Chineese trading war. I think it's more possible that euro will return to higher possitions since T.May is probably going to resign.
Title: Re: EUR/USD
Post by: BrandonHolly on June 12, 2019, 10:24:57 AM
Ok. So what do i have to say? It was predictable (the situation right now).
Title: Re: EUR/USD
Post by: Eliza Abrams on June 12, 2019, 03:33:20 PM
There is something of a double top around 1.1345, and if that holds we may see another move to the downside.
Title: Re: EUR/USD
Post by: nck on June 12, 2019, 04:03:43 PM
There is something of a double top around 1.1345, and if that holds we may see another move to the downside.
ya would be good for my acc have 4 sells open  hanging there wainting for that to happen
Title: Re: EUR/USD
Post by: drunkfx on June 13, 2019, 06:57:33 AM
There is something of a double top around 1.1345, and if that holds we may see another move to the downside.


Yeah and it is happened. Quite accurate prediction it just proves that technical analysis works.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 19, 2019, 02:58:27 PM
The pair is currently consolidating around 1.1200, if it breaks out above that level we may see it rallying towards 1.1240.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 20, 2019, 03:44:52 PM
EUR/USD rallied all the way to 1.1320 before pulling back from that level. By the looks of things it may revisit the previous high at 1.1345 eventually.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 25, 2019, 03:37:11 PM
EUR/USD broke out above 1.1400 but found some resistance at 1.1412. I think we will see a correction before there is another move north.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 26, 2019, 04:51:55 PM
The pair is still consolidating around 1.1400, the fundamentals this week will have to push it further north.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 27, 2019, 04:00:50 PM
Sideways consolidation still continues developing, we may have to wait for fundamentals to end that.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 28, 2019, 03:40:04 PM
The move north began again but it is yet to break out above 1.1410, which it may not do this week, I think.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 02, 2019, 02:37:56 PM
The pair bounced off from 1.1370 and is now testing the support at 1.1300. I think it will likely drop to 1.1200.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 03, 2019, 04:46:21 PM
It broke out below 1.1300 and I think we will see it reach 1.1250 quite soon.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 04, 2019, 03:55:39 PM
Consolidation around 1.1280 continues, I hope the fundamentals by the end of the week will end that.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 05, 2019, 04:03:56 PM
The fundamentals pushed the pair further down and I think it will reach 1.1200 by the time the market closes today.
Title: Re: EUR/USD
Post by: nck on July 05, 2019, 04:19:51 PM
the trend is about to switch back to the upside next week  ,1.1185 (23 % retracement ) good trading opportunity for manual traders

https://www.mql5.com/en/charts/10376192/eurusd-h4-coinexx-inc
Title: Re: EUR/USD
Post by: nck on July 10, 2019, 01:56:23 PM
started to go up again
Title: Re: EUR/USD
Post by: Eliza Abrams on July 10, 2019, 03:53:48 PM
EUR/USD rebounded from 1.1190. I was really hoping for a proper breakout below 1.1200 but it was clearly not to be.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 11, 2019, 04:29:47 PM
The move north continues for now, I think we will see it rallying towards 1.1300 once again. The range is clearly not over yet.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 12, 2019, 04:13:39 PM
EUR/USD is stuck around 1.1250 and formed a shooting star candlestick on the daily time-frame around that level, maybe we will see another move south as a part of the consolidation.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 13, 2019, 04:13:48 PM
This is the problem with sideways consolidations, signals in the middle of it often prove false. The move up clearly continues.
Title: Re: EUR/USD
Post by: drunkfx on July 15, 2019, 01:30:03 PM
EUR/USD is stuck around 1.1250 and formed a shooting star candlestick on the daily time-frame around that level, maybe we will see another move south as a part of the consolidation.

Have you opened trade in any direction or you are waiting for a pullback to enter?
Title: Re: EUR/USD
Post by: Eliza Abrams on July 17, 2019, 03:44:52 PM
EUR/USD is stuck around 1.1250 and formed a shooting star candlestick on the daily time-frame around that level, maybe we will see another move south as a part of the consolidation.

Have you opened trade in any direction or you are waiting for a pullback to enter?

I am waiting for the sideways consolidation to end, actually. It's getting tighter and tighter as it is, I don't dare touch it when it's like that.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 18, 2019, 03:19:05 PM
EUR/USD is forming something of a correction after it dropped to 1.1200, I think after that it may retest that level.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 19, 2019, 04:34:10 PM
The sideways consolidation continues and it looks like it won't end this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 20, 2019, 04:32:26 PM
As I thought, EUR/USD closed at 1.1220. The consolidation lasted this week too, hopefully next week we finally see a breakout.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 23, 2019, 04:30:33 PM
EUR/USD finally broke out below 1.1200 and is currently testing 1.1150, I think after a short correction it should continue depreciating.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 24, 2019, 04:22:13 PM
The move south is slowly developing but it is yet to break out below 1.1100, it may not be able to this week.
Title: Re: EUR/USD
Post by: sidewalk-star on July 24, 2019, 04:51:39 PM
The move south is slowly developing but it is yet to break out below 1.1100, it may not be able to this week.

It will largely depend on how the market reacts to the ECB interest rate decision tomorrow and any announcement to commence QE. That will be the main driver for the direction of EUR pairs in the short-term.
Title: Re: EUR/USD
Post by: compujock on July 24, 2019, 07:16:31 PM
The move south is slowly developing but it is yet to break out below 1.1100, it may not be able to this week.

It will largely depend on how the market reacts to the ECB interest rate decision tomorrow and any announcement to commence QE. That will be the main driver for the direction of EUR pairs in the short-term.

Absolutely!  Interest rates and other strong fundamental factors always trump any kind of technical indication.  At least in the short term.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 25, 2019, 05:18:23 PM
Well, all that happened was a whipsaw, as usual. :(
Title: Re: EUR/USD
Post by: Eliza Abrams on July 26, 2019, 04:13:04 PM
EUR/USD continues moving south for now and it is about to test 1.1100. I am not sure whether there will be a breakout this week though.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 30, 2019, 03:46:44 PM
GBP/USD is depreciating hard but EUR/USD is still stuck in its consolidation, let's see how long it will last.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 31, 2019, 04:56:12 PM
EUR/USD is depreciating back towards 1.1100 as part of the consolidation but there is no breakout in sight.
Title: Re: EUR/USD
Post by: reinerh on July 31, 2019, 05:23:37 PM
EUR/USD is depreciating back towards 1.1100 as part of the consolidation but there is no breakout in sight.

break out is coming in a few hours time,

wanna bet :)
Title: Re: EUR/USD
Post by: Eliza Abrams on August 01, 2019, 05:02:50 PM
Yes, the fundamentals pushed the pair below 1.1100 finally. It found some support at 1.1025 but it will probably continue depreciating.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 06, 2019, 04:07:20 PM
It bounced off from 1.1025, the sideways consolidation is clearly still in place. Next target may be around 1.1250.
Title: Re: EUR/USD
Post by: reinerh on August 06, 2019, 06:49:34 PM
It bounced off from 1.1025, the sideways consolidation is clearly still in place. Next target may be around 1.1250.

could you please post some screen shots of your trades you take on eu ???

a lot o people could learn from actual trades, but not that much by throwing out opinions.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 20, 2019, 01:34:30 PM
The pair is still testing 1.1080, I think it may be forming a double bottom at that level and we may see a move north.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 21, 2019, 02:58:34 PM
It formed a clear double bottom after all. I think it will start rising again towards 1.1200.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 22, 2019, 12:23:54 PM
The pair is still stuck at 1.1070, hopefully the fundamentals by the end of the week will end this consolidation.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 29, 2019, 03:41:48 PM
EUR/USD is testing the support at 1.1050 yet again, if we finally see a breakout it may depreciate below 1.1000.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 30, 2019, 03:41:43 PM
It did break out below 1.1050, the move to the downside will likely continue.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 03, 2019, 03:57:25 PM
The pair formed a pair of hammer candlesticks at 1.0925 on the four-hour time-frame, which were a clear sign for a reversal. Next target is likely at 1.1000 again.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 04, 2019, 03:04:57 PM
It broke out above 1.1000, I think we will see it rally towards 1.1050.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 05, 2019, 03:31:16 PM
EUR/USD rallied above 1.1050 and reached the resistance at 1.1085, let's see whether it will break out above it too.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 10, 2019, 11:20:16 AM
It's forming multiple spinning top and shooting star candlesticks around 1.1085 on the daily time-frame, the move south may continue after all.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 11, 2019, 03:31:07 PM
EUR/USD began depreciating as I thought it may, but it's yet to break out below the last low at 1.0925. Let's see whether it will do that or form a double bottom.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 12, 2019, 04:15:13 PM
It formed a double bottom after all, at 1.0925. There will likely be a new move north.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 13, 2019, 02:56:33 PM
EUR/USD found some resistance at 1.1110 but I think next week the pair will likely continue moving north.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 17, 2019, 02:56:52 PM
Sideways consolidation apparently continues. Next target is likely around 1.1050.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 18, 2019, 02:21:53 PM
It did reach 1.1050 and is currently consolidating around that level. That consolidation likely won't end before the fundamentals tonight.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 19, 2019, 01:34:47 PM
The pair is stubbornly testing the resistance around 1.1050 - 1.1070, and even if it breaks out above it there is another resistance at 1.1110 which needs to be overcome for it to continue rallying.
Title: Re: EUR/USD
Post by: Arsssele on September 20, 2019, 06:47:26 AM
Eliza, it seems to me also that break below 1.1050 would trigger next level to be tested. However, I am not sure for how long this down trend can last. There are some concerns that German government would cut taxes, which should have positive effect on Euro. What do you think?
Title: Re: EUR/USD
Post by: Eliza Abrams on September 20, 2019, 02:45:18 PM
It's possible.
At the bottom of the downtrend, however, there is a double bottom. So a continuation of the downtrend depends on whether there will be a breakout below that (at 1.0925).
Title: Re: EUR/USD
Post by: fxopen78 on September 21, 2019, 12:04:39 AM
This pair closed above on my target in downtrend tendencies at 1.0950, I just think if this is solid support for this pair, but seems this pair still will move to upon the range daily
Title: Re: EUR/USD
Post by: Eliza Abrams on September 24, 2019, 03:06:00 PM
EUR/USD is still consolidating sideways, there needs to be a breakout for further development.
Title: Re: EUR/USD
Post by: fxopen78 on September 25, 2019, 12:22:54 AM
Eurusd still move on middle frame daily, this morning Eurusd still move on resistance H1, I think later on London session this pair might move to break low and continue to support 1.0967
Title: Re: EUR/USD
Post by: Eliza Abrams on September 25, 2019, 03:23:49 PM
It is still testing the support at 1.0965, by the looks of it the pair may attempt to form a third bottom at 1.0926.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 27, 2019, 03:14:49 PM
EUR/USD broke out below the double bottom and reached 1.0900, next week the move south will likely continue.
Title: Re: EUR/USD
Post by: reinerh on September 27, 2019, 03:26:55 PM
EUR/USD broke out below the double bottom and reached 1.0900, next week the move south will likely continue.

my ea says otherwise, we shall see........................
Title: Re: EUR/USD
Post by: Eliza Abrams on October 02, 2019, 04:30:01 PM
By the looks of it the pair is bullish again and it may even rally to 1.1000.
Title: Re: EUR/USD
Post by: fxopen78 on October 02, 2019, 10:53:08 PM
EUR/USD on bullish tendencies since Tuesday could reach resistance level on  few days later when looking on H1, the price move on resistance from this area, if likely to break up, hence will possible to continue the trend
Title: Re: EUR/USD
Post by: Eliza Abrams on October 03, 2019, 04:39:05 PM
Do you think it will rally above 1.1000?
Title: Re: EUR/USD
Post by: drunkfx on October 03, 2019, 09:31:22 PM
EUR/USD on bullish tendencies since Tuesday could reach resistance level on  few days later when looking on H1, the price move on resistance from this area, if likely to break up, hence will possible to continue the trend

I think 1.09 is now strong support after dismal US Mfg. PMI opened two longs on Hotforex from 1.0910 and 1.0930
Title: Re: EUR/USD
Post by: Eliza Abrams on October 04, 2019, 04:25:54 PM
I am considering opening longs as well but I may wait for next week.
Title: Re: EUR/USD
Post by: fxopen78 on October 04, 2019, 11:52:00 PM
The market is closed, now position EUR/USD at 1.09766 on FXOpen platform trading, on the last Friday, movement quite narrow, with use indicator spread and range I see high to low only move 41 pips, my position is loss floating now, still waiting for next week
Title: Re: EUR/USD
Post by: Eliza Abrams on October 05, 2019, 05:00:52 PM
Yeah, it closed around 1.0980. It will likely continue rising next Monday.
Title: Re: EUR/USD
Post by: fxopen78 on October 07, 2019, 12:04:23 AM
The market has open, EUR/USD still move on flat condition, if look with daily timeframe, I think this area  already reach on  resistance, it's possible to reversal, but still need to get confirmed, because if brea high on 1.0996, it's possible to continue arises
Title: Re: EUR/USD
Post by: Eliza Abrams on October 08, 2019, 03:23:39 PM
It has formed a shooting star candlestick on the daily time-frame, right under the resistance at 1.1000, we may see it depreciate.
Title: Re: EUR/USD
Post by: fxopen78 on October 09, 2019, 12:04:40 AM
After pullback reached the high, then the price moves down and break low daily, this is a sign as reversal time based on pattern candlestick, let see what happen later, trying to open sell with a stop loss on my FXOpen account
Title: Re: EUR/USD
Post by: Eliza Abrams on October 09, 2019, 04:31:13 PM
EUR/USD continues testing 1.1000, I would recommend not to trade this pair until we see a proper breakout or a move to the downside.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 10, 2019, 04:33:35 PM
The move north finally continues! EUR/USD broke out above 1.1000 and I think we will see it rally toward 1.1050 - 1.1060.
Title: Re: EUR/USD
Post by: fxopen78 on October 10, 2019, 11:42:38 PM
Yesterday movement EUR/USD on a bullish trend, daily average around 55 pips, currently on H1 these pair figure out triangle pattern on the downside, but still possible to arises  just need to attention sometimes Friday movement is random
Title: Re: EUR/USD
Post by: Eliza Abrams on October 11, 2019, 03:45:23 PM
The move north continues and EUR/USD did reach 1.1060 but it is yet to break out above it. Next week we may see it rise to 1.1100 and above.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 15, 2019, 05:00:49 PM
It is still developing around 1.1030, but the move north will likely continue.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 16, 2019, 04:17:20 PM
EUR/USD is still testing 1.1060 but has not broken out above that level yet. It may still do so before the end of the week.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 17, 2019, 04:37:39 PM
EUR/USD finally broke out above 1.1100! The last high is at 1.1165, so I think that's the next target.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 18, 2019, 03:48:26 PM
The move north continues but whether it will rally above 1.1165 remains to be seen.
Title: Re: EUR/USD
Post by: fxopen78 on October 21, 2019, 12:05:54 AM
Small gap has occurred on M5 from this pair, if on last week having tendencies to strong bullish, still possible it will continue, but if look the pattern, this reach resistance area now, and possible to reverse and figure down wave even only as retracement, this pair already crossing sma 14 on daily, its mean on uptrend
Title: Re: EUR/USD
Post by: drunkfx on October 21, 2019, 08:13:49 AM
Small gap has occurred on M5 from this pair, if on last week having tendencies to strong bullish, still possible it will continue, but if look the pattern, this reach resistance area now, and possible to reverse and figure down wave even only as retracement, this pair already crossing sma 14 on daily, its mean on uptrend

How do you think Brexit will affect their pair in the near term. I saw that EURUSD rose above 1.11 on Brexit achievements.
Title: Re: EUR/USD
Post by: Caesar99 on October 21, 2019, 08:32:15 PM
This pair has been all over the place thanks to Brexit.  Personally,  I think its a bit of a gamble
Title: Re: EUR/USD
Post by: Eliza Abrams on October 22, 2019, 05:21:55 PM
I definitely expect a lot of whipsaws if Brexit ever actually happens.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 23, 2019, 05:06:16 PM
The move south continues for now, I think it may drop to 1.1100.
Title: Re: EUR/USD
Post by: Arsssele on October 23, 2019, 06:48:39 PM
Gold is in a relaxing path after strong push. I think that there will be still time to go long dollar for some time. EU is entering into modest recession, so I am expecting USD to keep these levels maybe few months. We shall see
Title: Re: EUR/USD
Post by: Eliza Abrams on October 24, 2019, 04:35:26 PM
EUR/USD is moving down still, I think we may see it break down below 1.1100.
Title: Re: EUR/USD
Post by: fxopen78 on October 25, 2019, 12:02:13 AM
The daily timeframe on my fxopen chart this pair already figure out bearish channel
still waiting price to bounce to high before open short
Title: Re: EUR/USD
Post by: drunkfx on October 26, 2019, 04:13:10 PM
This pair has been all over the place thanks to Brexit.  Personally,  I think its a bit of a gamble

Yeah volatility can be your friend if you know how to profit from it. Despite expensive options bought some puts and calls before major Brexit news, made some money, though this gambling opportunities shouldn't last long
Title: Re: EUR/USD
Post by: fxopen78 on October 28, 2019, 11:45:28 PM
Based on my technical analysis, this pair will move on down reach low channels, the first target of 1.0810, and support target on bottom channels as flexible target depending volatility, stop loss above the top channels
Title: Re: EUR/USD
Post by: Eliza Abrams on October 29, 2019, 04:24:32 PM
Interesting, the move to the downside turned out shorter than I assumed it would be. EUR/USD is rallying back toward 1.1150.
Title: Re: EUR/USD
Post by: fxopen78 on October 30, 2019, 12:26:16 AM
Currently EURUSD already bounce to upper band, I think this will move back to down, which on H4 already seller has giving pressure if later many seller increasing volume, could reach support on middle band
Title: Re: EUR/USD
Post by: Eliza Abrams on October 30, 2019, 04:27:55 PM
The move north continues for now but it is yet to reach 1.1150. I think the question is, however, whether EUR/USD would rally all the way to the last high at 1.1180.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 31, 2019, 04:30:38 PM
EUR/USD almost reached 1.1180 today, let's see whether it will form a double top or it will continue moving north.
Title: Re: EUR/USD
Post by: fxopen78 on November 04, 2019, 12:12:45 PM
Eurusd today movement still at resistance area, based on Bollinger band indicator currently this pair move on the upper band, with use standard deviation value 1, while with deviation 2 the price still need move to rise to reach the upper band
Title: Re: EUR/USD
Post by: drunkfx on November 05, 2019, 08:18:20 AM
Anybody expects the pair to go higher because of dollar weakness? I see that attitude to risk is gradually becomes more favourable for stocks and less favourable for bonds, I think weaker currencies should start to outperform dollar because of that.
Title: Re: EUR/USD
Post by: fxopen78 on November 05, 2019, 09:45:38 AM
EURUSD currently at the lower band, price pattern already figure bullish candlestick on H4, but the seller still trying to pressure hence occurred long upper shadow on the candle, let see the next candle what will happen
Title: Re: EUR/USD
Post by: Eliza Abrams on November 05, 2019, 03:58:40 PM
The double top did remain and EUR/USD depreciated back toward 1.1070. I think it will continue falling to 1.1050.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 06, 2019, 04:19:12 PM
EUR/USD is still testing 1.1070, it has tested it repeatedly for three weeks now, let's see whether it will finally break out below it.
Title: Re: EUR/USD
Post by: fxopen78 on November 07, 2019, 09:22:17 PM
EURUSD move to the downtrend, after breakout on crucial support, this pair shows bearish trend dominated on current movement, while strong support weekly still far, it's possible to rise wave will occur as bounce
Title: Re: EUR/USD
Post by: Eliza Abrams on November 08, 2019, 05:28:26 PM
The pair remains bearish, I think it may drop to 1.1000 soon.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 11, 2019, 05:19:48 PM
EUR/USD found some support at 1.1015 but I think we will see it continue depreciating this week.
Title: Re: EUR/USD
Post by: nck on November 12, 2019, 02:25:12 PM
will find support at major 1.0948
Title: Re: EUR/USD
Post by: Eliza Abrams on November 12, 2019, 04:44:27 PM
I too think it should depreciate at least to 1.1050.
Title: Re: EUR/USD
Post by: fxopen78 on November 12, 2019, 10:05:28 PM
Eurusd still on bearish trend, yesterday movement figure out bears candle, break low previous candle, the next support possible to reach 1.0940, but still need more energy to touched this level, while reversal pattern still not yet appear
Title: Re: EUR/USD
Post by: Eliza Abrams on November 13, 2019, 05:20:01 PM
It broke out below the support at 1.1000, next target will be around 1.0960 - 1.0950.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 14, 2019, 04:04:01 PM
It's back to testing 1.1000 but I think it will eventually continue moving south.
Title: Re: EUR/USD
Post by: fxopen78 on November 14, 2019, 09:02:32 PM
Now figure out the bullish candle on eurusd, the high already engulfing previous candle, this is pattern bullish, but let see what happen later, whether will uptrend or downtrend
Title: Re: EUR/USD
Post by: Eliza Abrams on November 18, 2019, 04:45:09 PM
EUR/USD remains bullish for now, I think we will see it rally toward 1.1100 soon.
Title: Re: EUR/USD
Post by: fxopen78 on November 19, 2019, 08:03:17 PM
Yes I agree with bullish for EUURSD, if the look on the pattern, for resistance long term at around 1.1160 could possible to reach on next week, the however market is dynamic, sometimes not yet reach resistance might occurred reversal pattern
Title: Re: EUR/USD
Post by: Eliza Abrams on November 20, 2019, 04:56:14 PM
It reached only 1.1080 before pulling back from that level, how it will develop from here is still unclear, I think.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 21, 2019, 04:30:20 PM
The pair has formed a hanging man candlestick on the daily time-frame and naturally began falling after that. Next target is likely at 1.1020.
Title: Re: EUR/USD
Post by: fxopen78 on November 21, 2019, 10:02:29 PM
Currently if reading from the Japanese candlestick pattern, daily movement series in range market condition, now price at support swing low and will possible to rise to the top area again, keep safe trading with stop loss below the swing low
Title: Re: EUR/USD
Post by: Eliza Abrams on November 22, 2019, 05:39:42 PM
The move south clearly continues for now. EUR/USD is at 1.1030 and will likely continue dropping to 1.1000.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 24, 2019, 12:52:48 PM
The market will open soon again, let's see whether it will drop to 1.1000 and below.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 25, 2019, 12:17:04 PM
The pair remains bearish and will soon reach 1.1000, I expect a breakout below that level soon.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 26, 2019, 04:21:05 PM
It continues consolidating around 1.1010 and it appears very undecided for the moment.
Title: Re: EUR/USD
Post by: fxopen78 on November 26, 2019, 08:42:11 PM
I think EURUSD currently in support zone because downtrend pressure already weaken, and daily candlestick figure out the bullish candle, but even though appear bulls pattern, isn`t mean will exactly reversal, it`s only about possibility
Title: Re: EUR/USD
Post by: Eliza Abrams on November 27, 2019, 02:24:19 PM
It's finally at 1.1000 and by the looks of it the pair will depreciate below that support soon. If it does next target is likely at 1.0970.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 28, 2019, 01:59:04 PM
It's still struggling after the support at 1.1000. Let's see whether it will happen by the end of this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 29, 2019, 01:06:08 PM
It finally broke out below 1.1000 and it continues depreciating. I think we will soon see it reach 1.1070 and below.
Title: Re: EUR/USD
Post by: reinerh on November 29, 2019, 03:55:34 PM
It finally broke out below 1.1000 and it continues depreciating. I think we will soon see it reach 1.1070 and below.

it broke 1.10, but on my charts its racing up, same as gold, that was just a retest..................
Title: Re: EUR/USD
Post by: Eliza Abrams on December 02, 2019, 11:44:38 AM
It's consolidating around 1.1000 still. With the winter holidays approaching this consolidation may not end soon.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 03, 2019, 07:55:44 AM
It's back to 1.1070 and there is a clear consolidation channel forming between 1.1000 and 1.1080 which may last until after the holidays.
Title: Re: EUR/USD
Post by: drunkfx on December 03, 2019, 01:41:44 PM
I was long on this profit and got 140 bucks profit from the bullish spike. It was really easy trade because 1.10 support is firm, forget going lower than it in the medium term.
Title: Re: EUR/USD
Post by: fxopen78 on December 03, 2019, 08:06:53 PM
Yes, yesterday movement is a great spike for EURUSD, currently pair movement already low assign pair in consolidation after moving strong uptrend, still possible the uptrend will continue, but not closed possibility if pair will reverse to down because now on resistance area
Title: Re: EUR/USD
Post by: Eliza Abrams on December 04, 2019, 09:59:33 AM
EUR/USD formed a spinning top at 1.1075 on the daily time-frame and bounced off from that resistance. Naturally, the sideways consolidation continues.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 05, 2019, 09:42:56 AM
It's testing 1.1090 for now but it has also formed a pair of spinning tops around that level so whether it will rally above that resistance is unclear.
Title: Re: EUR/USD
Post by: Mad_Matt on December 05, 2019, 12:05:39 PM
It's testing 1.1090 for now but it has also formed a pair of spinning tops around that level so whether it will rally above that resistance is unclear.

What is a spinning top?
Title: Re: EUR/USD
Post by: Eliza Abrams on December 06, 2019, 09:41:49 AM
I was referring to a spinning top candlestick - a candlestick with a  with a short real body that's vertically centered between long upper and lower shadows. It's a signal for indecision on the market, not necessarily a reversal.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 07, 2019, 09:46:54 AM
The consolidation continues after all, the pair is back at 1.1060 and will likely continue dropping next week.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 10, 2019, 10:25:27 AM
The pair remains very undecided, I think we will see it rally to 1.1100 again at best.
Title: Re: EUR/USD
Post by: fxopen78 on December 10, 2019, 09:20:25 PM
Pair eventually move to higher from the previous low, bullish trend been formed and the next target will possible to reached previous daily higher, seems the US economy in problem and press currency too weak over other currency
Title: Re: EUR/USD
Post by: Eliza Abrams on December 11, 2019, 10:33:36 AM
I think that is very likely, but I doubt it will happen before the winter holidays. Usually market volatility winds down a lot at this time of the year.
Title: Re: EUR/USD
Post by: Zura on December 12, 2019, 08:08:44 AM
Most of all I like the euro dollar pair, but I began to look closely at others.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 13, 2019, 11:17:29 AM
What other pairs are you interested in then?
Title: Re: EUR/USD
Post by: Eliza Abrams on December 14, 2019, 12:01:48 PM
EUR/USD bounced off from 1.1200 last night and dropped back to 1.1115. Next week we may see it depreciate below 1.1100 after all.
Title: Re: EUR/USD
Post by: Nilanadar on December 16, 2019, 08:36:58 AM
Despite some fluctuations in the support of the euro dollars, it seems to me that this is the best pair for trading.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 16, 2019, 12:47:45 PM
EUR/USD continues moving north, let's see, however, whether it will break out above 1.1200.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 17, 2019, 01:08:03 PM
EUR/USD remains bullish but is yet to break out above 1.1200, which will likely happen this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 18, 2019, 12:35:39 PM
It found a resistance at 1.1175, I should have known better than to expect big changes in the week before Christmas.
Title: Re: EUR/USD
Post by: Bloodpick on December 18, 2019, 12:57:55 PM
We will wait for changes and see how this will affect everything else.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 19, 2019, 12:39:25 PM
By the looks of it the market is winding down for the holidays after all.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 20, 2019, 12:24:02 PM
EUR/USD is back at 1.1100 and it may break out below it to depreciate to 1.1060.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 23, 2019, 11:03:18 AM
The pair is stuck around 1.1080 two days before Christmas and it will likely stay that way.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 24, 2019, 11:57:33 AM
It's slowly depreciating and I think we may see it fall back to 1.1050 or even 1.1030.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 25, 2019, 12:07:21 PM
Merry Christmas, everyone!
No analysis today, EUR/USD isn't doing anything of note anyway. :D
Title: Re: EUR/USD
Post by: fxopen78 on December 25, 2019, 08:42:20 PM
EURUSD on the range movement, high today still remain same with previous candle, range movement at h1 with 1.10959 as first-level resistance and 1.10665 as the first support
Title: Re: EUR/USD
Post by: Eliza Abrams on December 26, 2019, 12:24:46 PM
Christmas passed but EUR/USD is still consolidating sideways, by the looks of it that won't end before 2020 comes along.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 28, 2019, 12:39:42 PM
The move north continued after all but the pair did not break out above 1.1180 by the time the market closed for the week. Let's see whether there'll be a breakout before the end of the year.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 30, 2019, 12:57:53 PM
EUR/USD remains bullish and I would not be surprised if it it breaks out above 1.1200 despite the holiday season.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 31, 2019, 01:14:39 PM
EUR/USD finally broke out above 1.1200 and continues rallying, it may reach 1.1250 before the end of this year.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 01, 2020, 01:48:10 PM
Happy New Year, everyone!
EUR/USD decided to rally during the last day of 2019 and the first day of 2020 and reached 1.1240, it will likely break out above 1.1250 too.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 02, 2020, 01:07:12 PM
It pulled back from 1.1240 which was to be expected after such a rally, but after a correction the move north will likely continue.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 03, 2020, 11:41:26 AM
So much about a rally, the pair is back at 1.1130 and by the looks of it there may be a drop to 1.1100.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 04, 2020, 12:24:46 PM
The depreciation stopped at 1.1120, let's see whether it will continue next week.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 06, 2020, 12:41:11 PM
It formed an inverted hammer candlestick at the support 1.1130 on the daily time-frame and bounced off from it, apparently this was the end of the current depreciation.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 07, 2020, 12:19:34 PM
It's currently consolidating around 1.1180, it's as undecided as before the holidays.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 08, 2020, 01:24:43 PM
The move south continues, I think it will depreciate back toward 1.1100 and may even break out below that level.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 09, 2020, 01:20:42 PM
It dropped to 1.1100 as I thought it would but a breakout is yet to occur, which is still possible to happen by the end of the trading week.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 10, 2020, 12:43:54 PM
EUR/USD depreciated to 1.1085 and found some support there but it remains bearish for now so it will likely break out below that support.
Title: Re: EUR/USD
Post by: Arsssele on January 10, 2020, 06:27:25 PM
I also think that there is high probability to see currency pair back on levels of 1.1050. However, considering holiday season I dont think that many things will occur on the market till the end of this year. It is same every year at this period of time.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 11, 2020, 01:10:42 PM
It failed to break out below 1.1085 after all and bounced off from it. Let's see how it will develop next week.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 13, 2020, 12:46:55 PM
It's consolidating above 1.1100 and so far remains undecided, I don't see a signal for a change yet.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 14, 2020, 12:32:10 PM
It's still testing the resistance at 1.1150 despite the signal for a move south, let's see whether will prove to be a false signal.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 15, 2020, 01:00:47 PM
It briefly broke out above 1.1150 but now it's back below that level, whether there will be a true breakout remains to be seen.
Title: Re: EUR/USD
Post by: romis on January 15, 2020, 06:26:24 PM
I think it will break to levels 1.1200-1.12500
Title: Re: EUR/USD
Post by: Eliza Abrams on January 16, 2020, 01:10:55 PM
The move north continues apparently. It broke out above 1.1150 and I too think we will see it reach 1.1200.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 17, 2020, 06:00:29 PM
I absolutely cannot stand consolidations like this.
Well, at least there was a shooting star candlestick at 1.1170 on the daily time-frame before the new move south began.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 18, 2020, 12:40:57 PM
The market closed while the pair was still testing the support at 1.1090, next week it may continue depreciating.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 20, 2020, 12:44:11 PM
EUR/USD is still testing the support at 1.1090 - 1.1080 but I think it will keep depreciating later this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 21, 2020, 12:23:28 PM
It found some support at 1.1075 but it's unclear for now whether it will bounce off from it.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 22, 2020, 12:36:39 PM
The pair has formed a hammer candlestick at the support at 1.1075 - 1.1080. It is quite likely that it will, indeed, bounce off from it.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 23, 2020, 12:27:42 PM
EUR/USD also formed an inverted hammer at 1.1080, so even if the move north does not begin this week there will most likely be one next week.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 24, 2020, 11:49:44 AM
Well, so much about a move north, that signal clearly proved false. It happens sometimes, unfortunately. EUR/USD is depreciating and may soon reach 1.1000.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 25, 2020, 12:37:27 PM
It could not break out below 1.1000 this week but considering how bearish the pair is that may still happen once the market opens on Monday.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 27, 2020, 12:42:21 PM
The pair remains bearish but it is yet to break out below 1.1000 which will likely happen later this week.
Title: Re: EUR/USD
Post by: fxopen78 on January 27, 2020, 07:48:03 PM
EURUSD still in bearish, I think possible to reach the next low 1.09xxx as low November 2019, similar movement with EURJPY which in bearish trend also, both can use as a hedging strategy to low-risk trading
Title: Re: EUR/USD
Post by: Eliza Abrams on January 28, 2020, 12:29:22 PM
It dropped to 1.1000 as I thought it would, I think it will break out below that level and continue depreciating toward 1.0980.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 29, 2020, 01:16:16 PM
The pair remains at 1.1000 and I think we will soon see a breakout below that level.
Title: Re: EUR/USD
Post by: fxopen78 on January 29, 2020, 09:13:21 PM
The pair currently touched support zone, wait and see on this level for next price action, indeed current trend on the bearish market, but if this zone will be consolidation area, its possible to reversal
Title: Re: EUR/USD
Post by: Eliza Abrams on January 30, 2020, 12:43:31 PM
It is still testing 1.1000 - 1.0990, it is possible to form a correction before the move south continues eventually.
Title: Re: EUR/USD
Post by: drunkfx on January 30, 2020, 06:23:51 PM
I'm looking to short the pair after the pullback from 1.10 and I think the time has come the the pair continues to consolidate near the lower band of 1.10-1.11 range.
Title: Re: EUR/USD
Post by: fxopen78 on January 30, 2020, 09:38:08 PM
Friday movement, sometimes not expected, although currently bears pressure already weaken, and one candle figure out bulls candle already appear, still need to wait on last session market, if it breaks low, continuation may occur, but if close at lowest high, reversal sign
Title: Re: EUR/USD
Post by: Eliza Abrams on January 31, 2020, 12:35:04 PM
EUR/USD is forming a correction indeed. I think it will climb back up to 1.1080.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 01, 2020, 12:15:43 PM
EUR/USD almost reached 1.1100 before the market closed yesterday, let's see whether it will rally above that level next week.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 03, 2020, 12:54:54 PM
It pulled back from 1.1095 and I think it may depreciate back to 1.1050.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 04, 2020, 12:35:58 PM
EUR/USD did depreciate to 1.1050 and it remains bearish, next target is likely 1.1000 again.
Title: Re: EUR/USD
Post by: fxopen78 on February 04, 2020, 07:53:50 PM
Eurusd moves back to bearish, i think the price still work on previous range candlestick, where the lower price could be support zone on time,  where 1.1099 is support zone based on price action demand and supply
Title: Re: EUR/USD
Post by: Eliza Abrams on February 05, 2020, 12:33:31 PM
It is almost back at 1.1000, I think the question now is whether there will be a breakout below that level.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 06, 2020, 12:37:15 PM
The pair continues testing the support at 1.1000 and it may form a double bottom there if it doesn't break out below it.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 07, 2020, 12:36:08 PM
The move south continues - EUR/USD broke out below 1.1000 and I think it will continue depreciating toward 1.0900.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 08, 2020, 01:57:58 PM
It dropped to 1.0950 as I thought it would, next week, even if there is some correction, the move south should continue.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 10, 2020, 01:32:27 PM
It found some support at 1.0950 but even if it forms a correction the pair remains bearish for now.
Title: Re: EUR/USD
Post by: drunkfx on February 11, 2020, 05:36:34 AM
It found some support at 1.0950 but even if it forms a correction the pair remains bearish for now.

I think next support will be at 1.0850. There we should consider seriously some buys with target at 1.10, Euro is not so weak to fall relentlessly against USD.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 11, 2020, 12:55:05 PM
It dropped to 1.0900 and it may be time for a small correction but the pair remains bearish for now.
Title: Re: EUR/USD
Post by: fxopen78 on February 11, 2020, 08:34:42 PM
EUR/USD fall to support zone right now, look on yesterday movement already figured bulls candle, it's mean the seller get the sign to weaken, it's possible today movement pair will move on consolidation area
Title: Re: EUR/USD
Post by: Eliza Abrams on February 12, 2020, 01:05:52 PM
It is consolidating around 1.0900 for now, which is normal after such a major drop. Let's see whether the depreciation will continue.
Title: Re: EUR/USD
Post by: hjosh on February 13, 2020, 09:51:26 AM
I'm actually going into to trade and watching the Eur/USD trading and the ideal time for it 13:00 to 16:00 GMT, so there is a three hour window, but depending on which broker is good and has a ASIC certificate and minimum opening balance with a good leverage .
Title: Re: EUR/USD
Post by: Eliza Abrams on February 13, 2020, 12:56:01 PM
The move south continues to develop, EUR/USD fell to 1.0850. For now it remains bearish but I think that we have to see a correction sooner or later before it continues depreciating.
Title: Re: EUR/USD
Post by: drunkfx on February 13, 2020, 05:54:09 PM
As I said above it's time to buy, before going lower there should be some retracement, because we always have retracements after breaching important levels like 1.10
Title: Re: EUR/USD
Post by: fxopen78 on February 13, 2020, 08:23:31 PM
Eventually, EURUSD break the key support and become trend continuation, these pair move strongly to bearish, its similar movement with EURGBP, but we don't know Friday market, sometimes in high volatility and random to movement.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 14, 2020, 12:26:45 PM
It dropped to 1.0825 and is consolidating there but I think that it may keep falling to 1.0800 before a correction begins.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 15, 2020, 11:36:38 AM
It remained at 1.0830 when the market closed, next week the correction may begin.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 17, 2020, 12:45:20 PM
EUR/USD is still consolidating which is normal for this part of the trading week. I doubt we will see much of a change before tomorrow.
Title: Re: EUR/USD
Post by: fxopen78 on February 17, 2020, 09:03:10 PM
EURUSD formed inside bar candle pattern on the last trading session, although price candle as bearish, in fact still not yet break lower low, in this condition still has two scenarios, the price will break down and continue the trend, or still in consolidation phase which price already down oversold.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 18, 2020, 12:52:22 PM
The move south continues and by the looks of it the pair may drop below 1.0800 soon. Let's see when the correction will begin.
Title: Re: EUR/USD
Post by: diyforexskills on February 19, 2020, 12:06:08 PM
If we look at the Weekly chart we see a H&S pattern and a downward channel; suggesting significant reversal may not occur until about 1.05/1.055. Channel support coinciding with the H&S "equidistant" move and previous Support areas.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 19, 2020, 12:20:38 PM
The move south continues without pausing at all, EUR/USD dropped below 1.0800 and it remains bearish.
Title: Re: EUR/USD
Post by: fxopen78 on February 19, 2020, 10:13:58 PM
Yes the trend still remains bearish, yesterday movement figured bulls candle, and it's possible taking profit act from the seller, but Friday movement sometimes randomly due to many close order in last week, the expected price will continue bearish
Title: Re: EUR/USD
Post by: Eliza Abrams on February 20, 2020, 01:07:46 PM
It found some support at 1.0790 but so far there is no signal for a move to the upside, if anything the pair is struggling to break out that support as well.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 21, 2020, 01:04:53 PM
It continues consolidating sideways for now and I doubt we will see a breakout to the downside or a proper correction by the time the market closes today.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 22, 2020, 12:45:24 PM
EUR/USD did bounce off from 1.0790 yesterday but whether the move north will continue remains to be seen.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 24, 2020, 01:08:50 PM
It bounced off from 1.0860, let's see whether it's starting a longer term sideways consolidation or the move south is about to continue.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 25, 2020, 01:05:12 PM
EUR/USD formed a pinbar at 1.0870 on the daily time-frame yesterday, so a new move south to the support at 1.0780 is likely.
Title: Re: EUR/USD
Post by: Price Pays on February 25, 2020, 01:33:01 PM
Indices carnage but FX majors didn't even blink. How interesting.  :)
Title: Re: EUR/USD
Post by: diyforexskills on February 26, 2020, 12:24:17 AM
EUR/USD formed a pinbar at 1.0870 on the daily time-frame yesterday, so a new move south to the support at 1.0780 is likely.

I am confused. Yesterday's pin bar would only just qualify for a pin bar on my chart but if so, is that not a bullish pin bar? Longish bottom wick.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 26, 2020, 01:23:35 PM
I was talking about the pinbar of the day before yesterday. And on my chart it looked a bit different from yours. Different brokers, different charts sometimes. :(
Title: Re: EUR/USD
Post by: Eliza Abrams on February 27, 2020, 08:53:18 AM
The move north continues as I thought it would, I think next target will be around 1.1000.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 28, 2020, 12:57:07 PM
EUR/USD is quite bullish and I think it may even rally to 1.1050.
Title: Re: EUR/USD
Post by: drunkfx on February 29, 2020, 08:50:23 AM
I wonder why is this topic not active?
EURUSD pair is like a guide line for many.
Breaking out steady last days. So exciting!

Current stock market sell-off which basically affected both EM and developed markets makes it very difficult to assess medium-term currency outlook because capital flows become less and less predictable. I'm betting on further dollar weakness with Hotforex since markets expect Fed to cut rates already in March!
Title: Re: EUR/USD
Post by: Eliza Abrams on February 29, 2020, 12:53:57 PM
EUR/USD rallied to 1.1050 before the market closed yesterday. I think next week it will continue rallying.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 02, 2020, 01:20:26 PM
EUR/USD is shooting for the moon, by the looks of it the pair will reach 1.1150 soon.
Title: Re: EUR/USD
Post by: drunkfx on March 02, 2020, 04:41:59 PM
And bounce from the upper bound the downward channel which holds from the last year. Going to short the pair with hotforex I think we have extremely good opportunity from technical perspective.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 03, 2020, 01:11:36 PM
It pulled back from 1.1185 but the move north may still continue later this week.
Title: Re: EUR/USD
Post by: fxopen78 on March 03, 2020, 10:08:56 PM
Eurusd move upward yesterday, on past two weeks this pair has tendencies to bullish strong, but now the price reached on the top high and could possible as resistance zone, beware for reverse movement even though as temporary
Title: Re: EUR/USD
Post by: Eliza Abrams on March 04, 2020, 01:20:57 PM
The move down continues for now, it may form a correction before the bull run continues.
Title: Re: EUR/USD
Post by: fxopen78 on March 04, 2020, 10:41:42 PM
It's possible the pair move on range daily, for now, last candle eurusd formed bearish candle, but in hourly price action still doubt, maybe sentiment market still unclear will move, even up and down for long term needs new confirmation
Title: Re: EUR/USD
Post by: Eliza Abrams on March 05, 2020, 01:31:43 PM
The move north continues, let's see whether or when it will break out above the last high at 1.1215.
Title: Re: EUR/USD
Post by: drunkfx on March 05, 2020, 06:18:13 PM
I think it will slam resistance at 1.12, dollar looks weak with rumours that the Fed may deliver more cuts in the near future.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 06, 2020, 12:51:00 PM
The pair shot up above 1.1300, I wouldn't be surprised if it reaches 1.1400 soon.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 07, 2020, 12:45:19 PM
The pair reached 1.1355 yesterday and pulled back from that high, but it will very likely continue moving north next week.
Title: Re: EUR/USD
Post by: reinerh on March 07, 2020, 08:00:14 PM

with us interest going negative soon it shall continue north, yupp i see it likewise.

also expect a huge gap sunday open..............................................
Title: Re: EUR/USD
Post by: fxopen78 on March 09, 2020, 12:11:35 AM
Gap has occurred this morning, price moves up to break higher, whether the price will continue to rise?
maybe, but usually, if the gap occurred slowly will move to recover the gap, so it's possible to move down
Title: Re: EUR/USD
Post by: drunkfx on March 09, 2020, 07:16:52 AM
The pair shot up above 1.1300, I wouldn't be surprised if it reaches 1.1400 soon.

Correct guess, bravo. What do you think about resistance at 1.15 level?
Title: Re: EUR/USD
Post by: Eliza Abrams on March 09, 2020, 12:37:49 PM
I think the long-term target is around 1.1600, maybe even above that, but at 1.1500 it may pull back a little. We'll see. It's obvious the move north is an impulse rally.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 10, 2020, 12:52:53 PM
It rallied to 1.1495 and pulled back, let's see whether that resistance will hold.
Title: Re: EUR/USD
Post by: fxopen78 on March 10, 2020, 09:49:16 PM
The weekly timeframe was formed pin bar candle, I think this a time to reversal pattern to a downtrend, with expectation will long term bearish pattern.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 11, 2020, 11:59:58 AM
That candle is yet to close though. Until it does there's no certainty it will remain a pinbar. Not to mention it's only Wednesday.
Title: Re: EUR/USD
Post by: fxopen78 on March 11, 2020, 07:24:07 PM
Pair move on the downtrend to continue bearish, but on slow motion, price movement still in consolidation range, since up reach to lower high, then bounce back, sell at high might one option manually
Title: Re: EUR/USD
Post by: Eliza Abrams on March 12, 2020, 11:55:22 AM
Before it was shooting for the moon now it's falling like a rock, this crisis is wrecking everything, including the markets.
Title: Re: EUR/USD
Post by: fxopen78 on March 12, 2020, 08:27:09 PM
Coronavirus still become one big reason on high volatility market nowadays, EURUSd also decline in larger movements if compare with previous day, but  now on H1 the price bounce to higher level, Pin bar again formed, now uptrend
Title: Re: EUR/USD
Post by: Eliza Abrams on March 13, 2020, 01:33:37 PM
I am not sure where you are seeing an uptrend, the pair seems very bearish to me still?
Title: Re: EUR/USD
Post by: Eliza Abrams on March 17, 2020, 01:56:17 PM
It continues crashing like I thought it would.
Title: Re: EUR/USD
Post by: fxopen78 on March 17, 2020, 08:28:23 PM
Coronavirus has a high impact on the financial market too, EURUSD still possible move in high volatility market at present time, due to this reason my broker increasing margin requirement till 5x, eurusd still possible to move down
Title: Re: EUR/USD
Post by: Eliza Abrams on March 18, 2020, 11:47:31 AM
How low do you think it will fall?
Title: Re: EUR/USD
Post by: Eliza Abrams on March 20, 2020, 11:34:02 AM
It reached 1.0700 and it won't stop here, I think. Soon there will likely be a breakout to the downside.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 21, 2020, 10:18:29 AM
The pair actually formed a double bottom at 1.0660, let's see whether there will really be a move north finally.
Title: Re: EUR/USD
Post by: fxopen78 on March 22, 2020, 11:50:32 PM
Coronavirus plague giving high impact to the market included to EURUSD, Italy faced big case for coronavirus victim, its possible as the cause euro currency being weak further, although currently the pair in small bulls pressure, but should be careful for bears continuation
Title: Re: EUR/USD
Post by: Eliza Abrams on March 23, 2020, 11:36:58 AM
It's still consolidating about 1.0660, so far there is no sign there really will be a move north.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 26, 2020, 12:10:15 PM
It is climbing above 1.0900, correction has definitely begun. Target may even be at 1.1000.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 28, 2020, 11:26:11 AM
It has rallied above 1.1100 and it remains bullish, I think it will even reach 1.1200.
Title: Re: EUR/USD
Post by: Humble Trader's Fx on March 28, 2020, 03:22:47 PM
It has rallied above 1.1100 and it remains bullish, I think it will even reach 1.1200.

Hello, Eliza.

Have you noticed any correlation between gold and the EUR?

Regards,
HumbleTrader
Title: Re: EUR/USD
Post by: Eliza Abrams on March 31, 2020, 12:26:29 PM
I haven't actually looked at gold lately, which was probably a mistake.
Title: Re: EUR/USD
Post by: fxopen78 on April 03, 2020, 12:44:37 AM
EURUSD could possible to drop again as trend continuation, previous week the pair on bullish candle formed, but on this week having tendencies to bearish start from beginning week, but trading on Friday should be carefully, sometimes movement being random due closing market
Title: Re: EUR/USD
Post by: Eliza Abrams on April 03, 2020, 01:24:55 PM
Yes, the move south continues. It could depreciate below 1.0700 soon.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 06, 2020, 02:11:37 PM
The pair is still consolidating sideways around 1.0800 but the move south will continue, I think.
Title: Re: EUR/USD
Post by: fxopen78 on April 07, 2020, 12:28:36 AM
EURUSD in a consolidation phase seems the pair move on flat or sideways, look on hourly timeframe, the candle has parallel In a row, it's possible to break high then uptrend, or the second break low and continue downtrend
Title: Re: EUR/USD
Post by: Eliza Abrams on April 07, 2020, 12:54:07 PM
Surprisingly enough EUR/USD formed a double bottom at 1.0770 and is now moving north again. Next target will likely be at 1.0900 again.
Title: Re: EUR/USD
Post by: fxopen78 on April 07, 2020, 10:32:30 PM
After consolidation phase has ended, hence EURUSD eventually arise and formed bullish candle yesterday, if the look on history chart, this movement is god target pips, but now this pair still in saturation and need to waiting for next movement as correction
Title: Re: EUR/USD
Post by: Eliza Abrams on April 08, 2020, 02:02:14 PM
It formed a bullish candle on which time-frame, the daily one?
Title: Re: EUR/USD
Post by: Eliza Abrams on April 09, 2020, 02:17:40 PM
It broke out above 1.0900, let's see whether it will manage to rally above 1.0950.
Title: Re: EUR/USD
Post by: fxopen78 on April 10, 2020, 12:34:05 AM
After rise yesterday, this pair currently in flat condition or sideways if look at H1 timeframe, Friday market, should carefully sometimes movement unpredictable moving up and down randomly.
Title: Re: EUR/USD
Post by: goodexp on April 10, 2020, 03:55:31 AM
not up the line……
and today is EASTER HOLIDAY
Title: Re: EUR/USD
Post by: Eliza Abrams on April 10, 2020, 02:42:19 PM
It's barely moving today but it did reach 1.0950. Next week we'll see further development.
Title: Re: EUR/USD
Post by: drunkfx on April 13, 2020, 05:44:36 AM
It's unlikely that dollar will depreciate further, Fed and government injected to much money into economy, it can't not affect exchange rate.
Title: Re: EUR/USD
Post by: fxopen78 on April 13, 2020, 11:40:49 PM
EURUSD movement yesterday on bias bearish, but the movement still in H1 range candlestick, previous high still become resistance and previous low still possible become support zone.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 14, 2020, 03:04:42 PM
The gradual development north continues but I fear that after this correction we will see another impressive move south.
Title: Re: EUR/USD
Post by: fxopen78 on April 15, 2020, 01:30:49 AM
I don't think if previous high will be broken, but it really happen and then price move to upward, on this week EURUSD formed a new high already, still possible further continuation trend
Title: Re: EUR/USD
Post by: Eliza Abrams on April 16, 2020, 02:08:01 PM
It's consolidating sideways around 1.0890, a new move north is quite likely for now.
Title: Re: EUR/USD
Post by: drunkfx on April 19, 2020, 08:00:14 AM
I expect EURUSD to rally above 1.10 next week, because volatility should subside further as we approach end of epidemics and lockdowns easing, so safe-heaven feature of USD will go into background.
Title: Re: EUR/USD
Post by: fxopen78 on April 21, 2020, 01:20:31 AM
The daily timeframe on this week, price movement outlook still possible move on the range high and low from the previous candlestick, at present price movement on H1 figured bearish candle, could reach previous low 1.08114
Title: Re: EUR/USD
Post by: drunkfx on April 22, 2020, 06:52:44 AM
Let me reiterate: I expect EURUSD to rally above 1.10 next week because volatility should eventually subside as we approach end of epidemics and lockdowns easing, so safe-heaven feature of USD should move to the sidelines. Going long EURUSD with Hotforex lets see how it turns out for me.
Title: Re: EUR/USD
Post by: fxopen78 on April 23, 2020, 01:21:09 AM
Yesterday movement pair EURUSD figured bearish candle, but now if look through H1 timeframe, the pair already reach on support zone based timeframe, although this morning pair decline, but still possible if pair eventually move up again later.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 23, 2020, 01:03:02 PM
It still looks quite bearish to me. I was hoping for a move north, but that is clearly not happening, I'm afraid.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 24, 2020, 02:03:29 PM
It dropped to 1.0725 before bouncing off from it. There's a hammer candlestick at that level on the H4 time frame, we may see a further move north.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 27, 2020, 01:27:26 PM
It reached 1.0850 and I think it will break out above that level to continue rallying toward 1.0900.
Title: Re: EUR/USD
Post by: fxopen78 on April 28, 2020, 01:57:04 AM
EURUSD formed bullish formation today, stochastic show level 46, it's not yet reach overbought level, possible movement to reach previous swing high
Title: Re: EUR/USD
Post by: Eliza Abrams on April 28, 2020, 01:45:45 PM
I agree. It is almost at 1.0900, I wouldn't be surprised if it breaks out above that level too.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 29, 2020, 03:21:26 PM
Consolidation is still going on, and by the looks of it the pair may continue doing so by the end of the week.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 01, 2020, 02:49:28 PM
The move north finally continued! It is at 1.0910 now, next target is likely at 1.1000.
Title: Re: EUR/USD
Post by: fxopen78 on May 04, 2020, 12:29:52 AM
There is no gap occurred in this morning, the pair already reached in a swing high, and it's possible the price will move reversion, in H1 timeframe price movement down gradually is a slow movement, but we don't know exactly the next direction
Title: Re: EUR/USD
Post by: drunkfx on May 04, 2020, 04:12:09 AM
Let me reiterate: I expect EURUSD to rally above 1.10 next week because volatility should eventually subside as we approach end of epidemics and lockdowns easing, so safe-heaven feature of USD should move to the sidelines. Going long EURUSD with Hotforex lets see how it turns out for me.

We had a break through 1.10 last week, hope the pair will continue to move in the upward path.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 04, 2020, 02:51:33 PM
It formed a shooting star at 1.1020 on the four-hour time-frame and, naturally, it started falling. Now the question is how low it will drop.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 05, 2020, 03:05:36 PM
The pair dropped to 1.0850 and bounced off from it, it will likely climb back to 1.0900.
Title: Re: EUR/USD
Post by: fxopen78 on May 06, 2020, 12:02:57 AM
Bearish on yesterday, I think the pair move continuation trend, but maybe will waiting on the London market, usually in Asian session movement on low volatile, possibly to move less than 50 pips in the Asian market
Title: Re: EUR/USD
Post by: Eliza Abrams on May 06, 2020, 02:11:37 PM
It dropped to 1.0800 and it remains quite bearish, by the looks of it the move south may continue below 1.0800.
Title: Re: EUR/USD
Post by: fxopen78 on May 07, 2020, 01:49:05 AM
Now pair already on the oversold zone, should carefully, although possible price move to downtrend, on this condition is make doubt, waiting is better than rush
Title: Re: EUR/USD
Post by: Eliza Abrams on May 07, 2020, 02:09:12 PM
It is testing 1.0790 and it remains bearish, I think it will break out below that level.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 08, 2020, 02:18:32 PM
It bounced off from 1.0760 and it is back above 1.0800 today, but the move south may not be over yet.
Title: Re: EUR/USD
Post by: fxopen78 on May 11, 2020, 12:34:02 AM
Different with eurjpy, this pair eurusd on the flat market, today although occurrence a gap but only can see through low timeframe m15, this is consolidation stage, and the possible price will reverse to bullish, but needs to waiting price break high
Title: Re: EUR/USD
Post by: Eliza Abrams on May 11, 2020, 02:00:49 PM
It is still testing 1.0820, if it breaks out below that level it will probably drop back to 1.0760.
Title: Re: EUR/USD
Post by: fxopen78 on May 11, 2020, 09:13:06 PM
Seems euro get pressure from USD, the price still moves on support zone and possible to break low, Germany punishment to ECB seems to make the euro currency in the problem. But in different pairs eurjpy its strong bullish.
Title: Re: EUR/USD
Post by: drunkfx on May 13, 2020, 06:15:54 AM
I think we are in a whipsaw mode, no clear trend so we have to wait for more signals from markets&economy. the odds to make a mistake entering wrong trend is higher now.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 13, 2020, 02:49:00 PM
It does seem that way, the pair has no clear direction at the moment.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 14, 2020, 02:56:02 PM
It's back at 1.0790 but it has not broken out below that level. That's the support of the sideways consolidation, let's see whether it will bounce off from it again.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 15, 2020, 03:05:50 PM
It rallied back to 1.0850 and pulled back from that level. As I thought, the sideways consolidation won't end this week.
Title: Re: EUR/USD
Post by: drunkfx on May 18, 2020, 05:28:15 AM
It rallied back to 1.0850 and pulled back from that level. As I thought, the sideways consolidation won't end this week.

When do you expect it to break through current range. I see more attempts to go upside rather than test new lows. It suggests buying dips can be very profitable opportunity.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 18, 2020, 03:08:01 PM
I don't think anyone can tell you when a range could end. When there's a breakout it will end. In the absence of any signals I'd also wait for any big fundamental events.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 19, 2020, 03:26:49 PM
A breakout finally occurred and it was to the upside! The pair broke out above 1.0900 and rallied to 1.0975. Currently it has formed a spinning top on the four-hour at that level so we may see some correction.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 20, 2020, 01:09:02 PM
The move south was very brief and now the pair is rallying again. Let's see whether it will break out above 1.0975 or there will be a double top.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 21, 2020, 01:49:22 PM
It broke out above 1.0975 and the move north clearly continues. The pair will likely break out above 1.1000 soon.
Title: Re: EUR/USD
Post by: fxopen78 on May 22, 2020, 12:19:31 AM
EURUSD reach on the peak right now, in this area could in consolidation phase, although possible to break high, but I think it will then reversion,  Friday market sometimes wild movement, usually random, it's possible to bearish again.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 22, 2020, 02:18:41 PM
You were right about the bearish movement, it dropped back down to 1.0890, there was no breakout above 1.1000.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 25, 2020, 02:35:20 PM
It's still consolidating above 1.0890 although there is a bullish hammer at that same level on the four-hour time-frame, so let's see how it will develop.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 26, 2020, 02:31:03 PM
The bullish hammer proved to be a very reliable signal, EUR/USD rallied toward 1.0970 and may reach 1.1000 again.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 27, 2020, 01:12:42 PM
The pair rallied above 1.1000 today but currently it has dropped back below that level. The move north may continue though.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 28, 2020, 02:28:59 PM
The pair continues climbing, I think we may soon see it break out above 1.1050.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 29, 2020, 03:09:30 PM
Not only it reached 1.1050 but it rallied to 1.1150 too. Let's see whether it will rally to 1.1200 before a correction begins.
Title: Re: EUR/USD
Post by: drunkfx on June 01, 2020, 06:19:04 AM
It appears that EURUSD rally gains momentum.Time to try some long positions, broad based USD sell-off continues.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 01, 2020, 02:57:14 PM
It broke out above 1.1100 as I thought it would, next target is around 1.1150.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 02, 2020, 01:54:45 PM
It broke out above 1.1150 and it is still rallying, it may even break out above 1.1200.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 03, 2020, 01:59:24 PM
It rallied to 1.1225 and it is still bullish. Sooner or later there will have to be a correction though.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 04, 2020, 02:03:52 PM
It is still testing the resistance at 1.1230, let's see whether this is the end of the current move north.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 05, 2020, 01:33:18 PM
It began a pullback to the downside from 1.1385 but the overall move north may not be over yet.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 08, 2020, 02:29:15 PM
It bounced off from 1.1265 but so far it has not broken out above the last high at 1.1385.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 09, 2020, 03:12:31 PM
It is pushing north again, but so far it is still testing 1.1365, let's see whether it will form a double top or it will break out above 1.1385.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 10, 2020, 02:45:19 PM
As I suspected, EUR/USD formed a double top at 1.1385. There is also a hanged man candlestick on the four-hour time-frame at that level. The pair will likely start dropping again soon.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 11, 2020, 01:35:10 PM
The pair continues consolidating sideways around 1.1340, so far it is very undecided.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 12, 2020, 01:33:45 PM
EUR/USD dropped to 1.1300, but it is yet to break out below that level. Let's see whether it will by the end of the day.
Title: Re: EUR/USD
Post by: drunkfx on June 14, 2020, 02:36:24 PM
It appears that EURUSD rally gains momentum.Time to try some long positions, broad based USD sell-off continues.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 15, 2020, 03:28:16 PM
I don't know whether the rally is gaining momentum, so far it is just forming a correction after the rally, in my opinion.
Title: Re: EUR/USD
Post by: fxopen78 on June 15, 2020, 10:12:18 PM
Swing bulls have begun from the last four hours on the chart, its possible to reach again on resistance zone daily timeframe, but now price on the high previous day it could trend reversal time as plan b waiting for London session
Title: Re: EUR/USD
Post by: Eliza Abrams on June 16, 2020, 02:24:01 PM
It dropped from 1.1350 as part of the correction, it will probably last for the most of the week.
Title: Re: EUR/USD
Post by: drunkfx on June 16, 2020, 05:28:53 PM
It appears that EURUSD rally gains bullish momentum despite Powell testimonials and roaring US retail sales. Time to try some long positions, as USD sell-off will likely continue
Title: Re: EUR/USD
Post by: Eliza Abrams on June 17, 2020, 01:54:56 PM
Right now I am not opening long positions - the pair is clearly forming a correction.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 18, 2020, 02:29:32 PM
It's been testing 1.1225 for quite a while now, I hope we will see a breakout before the end of the week.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 19, 2020, 03:01:03 PM
Consolidation continues today, by the looks of it there won't be a breakout today.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 22, 2020, 02:38:15 PM
It's pulling back from 1.1180 for now but I think that is just temporary, the correction is not over yet.
Title: Re: EUR/USD
Post by: fxopen78 on June 23, 2020, 01:00:35 AM
Nice bulls on this morning, since yesterday movement on bull market,  I think today the pair might move more than 100 pips to rise before consolidation.
Title: Re: EUR/USD
Post by: diyforexskills on June 23, 2020, 03:12:41 AM
I read somewhere that the major US banks are flush with cash; so much cash that they don't know what to do with it; because of all the stimulation packages and money printing.

So stands to reason that the USD will weaken and EURUSD will therefore rise unless the Europeans do something different.?
Title: Re: EUR/USD
Post by: drunkfx on June 23, 2020, 08:17:35 AM
I read somewhere that the major US banks are flush with cash; so much cash that they don't know what to do with it; because of all the stimulation packages and money printing.

So stands to reason that the USD will weaken and EURUSD will therefore rise unless the Europeans do something different.?


During QE, asset swap happens, bank accumulate cash instead of Treasuries not on top of it. It's a common misconcept, but not the Fed nor Treasury hand out money to people. In case of the Fed it's all about asset swap (swapping illiquid debt from the public to liquid money) in case of Treasury it's drawing consumption from future, because future generations will have to pay for the debt (so called Ricardian Equivalence).
Title: Re: EUR/USD
Post by: diyforexskills on June 23, 2020, 08:49:41 AM
I read somewhere that the major US banks are flush with cash; so much cash that they don't know what to do with it; because of all the stimulation packages and money printing.

So stands to reason that the USD will weaken and EURUSD will therefore rise unless the Europeans do something different.?


During QE, asset swap happens, bank accumulate cash instead of Treasuries not on top of it. It's a common misconcept, but not the Fed nor Treasury hand out money to people. In case of the Fed it's all about asset swap (swapping illiquid debt from the public to liquid money) in case of Treasury it's drawing consumption from future, because future generations will have to pay for the debt (so called Ricardian Equivalence).

Thanks for explanation. But here was the story, I actually read a more detailed account elsewhere.

https://finance.yahoo.com/video/us-banks-see-2t-cash-144720734.html
Title: Re: EUR/USD
Post by: Eliza Abrams on June 23, 2020, 03:55:13 PM
Nice bulls on this morning, since yesterday movement on bull market,  I think today the pair might move more than 100 pips to rise before consolidation.

I expected a new move south but the pair may soon reach 1.1350 by the looks of it.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 24, 2020, 01:48:25 PM
It bounced off from 1.1345 as I thought it may, I think next target will be around 1.1250.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 25, 2020, 02:43:37 PM
The pair dropped to 1.1200, let's see whether there will be a breakout below that level, and a further move south.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 26, 2020, 02:24:32 PM
It's consolidating sideways above 1.1210 - 1.1220. It's unclear whether a breakout will occur this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 29, 2020, 02:18:43 PM
It rallied to 1.1285 and will now likely drop back down to 1.1200, forming a range channel.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 30, 2020, 03:11:53 PM
It dropped to 1.1190 even, clearly it has formed a range channel for the moment. Let's see when there will be a breakout.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 01, 2020, 01:42:50 PM
Is anyone else getting tired of this range? I hope the NFP tomorrow will end it.
Title: Re: EUR/USD
Post by: fxopen78 on July 01, 2020, 11:52:09 PM
Price move on the range, sideways market, use Bollinger band to measure volatility, get upper band for resistance zone and the lower band as a support zone, usually, this way can work with minimum losses and high probability to obtain gain
Title: Re: EUR/USD
Post by: Eliza Abrams on July 02, 2020, 02:49:03 PM
It's trying to break out above 1.1270. Do you think that the range would end by the weekend?
Title: Re: EUR/USD
Post by: Eliza Abrams on July 03, 2020, 03:32:23 PM
As I thought, the consolidation continues today too. We'll have to wait for next week for a breakout.
Title: Re: EUR/USD
Post by: Humble Trader's Fx on July 04, 2020, 03:08:11 PM
As I thought, the consolidation continues today too. We'll have to wait for next week for a breakout.

Hello, Eliza.

As a gold trader, I would welcome your analysis, (short term) of gold (XAUUSA) if you can. Every knowledgeable opinion helps.


Regards,
HumbleTrader
Title: Re: EUR/USD
Post by: fxopen78 on July 05, 2020, 10:58:16 PM
There is no gap that has occurred this morning, perhaps price move in a sideways market, 1.13019 as the next resistance, Monday movement, usually low volume trading.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 06, 2020, 01:22:37 PM
There was finally a breakout and to the upside too! Next target is likely at 1.1350.
Title: Re: EUR/USD
Post by: fxopen78 on July 07, 2020, 01:04:27 AM
Sideways on Asian session at present, yesterday history in a bullish market, then retrace and I think later continue bullish, hopefully, but the market is dynamic, sometimes expect bulls but in reality, is bears.
Title: Re: EUR/USD
Post by: fxopen78 on July 07, 2020, 11:56:27 PM
Downtrend eventually yesterday market, currently prize landing on middle BB, I think this is like the first support for this pair, it's possible to rebound and rise again, but strong support I think at 1.1650
Title: Re: EUR/USD
Post by: drunkfx on July 08, 2020, 07:21:05 AM
I think EURUSD is a good pair to trade but I don't like current volatility also some important levels stopped working I think market players are a bit embarrassed because of Fed support
Title: Re: EUR/USD
Post by: Eliza Abrams on July 08, 2020, 01:48:14 PM
The pair can be good but it has been useless, I think, for a few weeks now, unless one is scalping or is very good at trading ranges. :D
Title: Re: EUR/USD
Post by: fxopen78 on July 09, 2020, 12:45:34 AM
Today price EURUSD at 1.13370 on my broker, if look history movement, currently pair at previous high zone, if movement still on the range, it possible price will move to bearish again, but if look yesterday USD currency almost weaken to many currencies, its possible mean fundamental USD in bad news.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 09, 2020, 03:40:00 PM
It rallied to 1.1370 but the range obviously continues. I get the feeling it won't end this week either. :(
Title: Re: EUR/USD
Post by: Eliza Abrams on July 10, 2020, 01:55:36 PM
As I thought, EUR/USD remained within the range. Hopefully the fundamentals next week will end it.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 13, 2020, 02:19:20 PM
The pair is bullish for now but time will tell whether there will be a breakout.
Title: Re: EUR/USD
Post by: fxopen78 on July 14, 2020, 01:12:38 AM
Two daily candles figure out bulls candlestick, currently price on 1.13345, if then still arise might touch previous high, but if price down then possible to hit at previous low.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 14, 2020, 03:56:37 PM
It is currently at 1.1400, I would not be surprised if it reaches 1.1415. The question is whether it will rally above that level.
Title: Re: EUR/USD
Post by: fxopen78 on July 14, 2020, 10:47:56 PM
1.13989 right now, the trend likely in bulls pressure, but seems the movement still in low volume and slow movement, BB 20 already break seems more volatile, might will breakout later
Title: Re: EUR/USD
Post by: Eliza Abrams on July 15, 2020, 03:28:22 PM
It broke out above 1.1415! It's currently back below that level, but I think there's real hope the move north will continue developing!
Title: Re: EUR/USD
Post by: Eliza Abrams on July 16, 2020, 02:14:43 PM
It's still consolidating around 1.1415. Hopefully the move north will continue by the time the market closes tomorrow.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 17, 2020, 03:08:21 PM
The pair is slowly climbing toward 1.1500 again. A breakout above it next week could lead to a rally toward 1.1600 too.
Title: Re: EUR/USD
Post by: Nuadaris on July 19, 2020, 10:13:31 AM
Since I joined forex trading I have stuck to the EUR and USD trade. I tried the others but they did not seem to work out as expected. I find it easier  to trade these two because the data is streamlined and it is easier to do an analysis of the live trade. I think that you have noticed the same thing. Brokers tend to draw us towards them.
Title: Re: EUR/USD
Post by: fxopen78 on July 19, 2020, 11:37:18 PM
There is gap today, but afterward, the price already recover the gap, one long bulls candle after gap has formed, should the price still continue to rise, but dynamic movement sometimes on Monday market, low volatility and the price already at high now, possible to reverse
Title: Re: EUR/USD
Post by: Eliza Abrams on July 20, 2020, 02:48:06 PM
Yeah, it bounced off from 1.1470. I was hoping for a breakout above 1.1500 but that may still happen by the end of the week.
Title: Re: EUR/USD
Post by: fxopen78 on July 21, 2020, 12:50:53 AM
Yesterday formed new high, if using major trend still in bulls if today will continue the previous movement hence possible to form new high again. let see what happens next, the current price at 1.1455
Title: Re: EUR/USD
Post by: drunkfx on July 21, 2020, 08:12:46 AM
I think EURUSD is a good pair to trade but I don't like current volatility also some important levels stopped working I think EU mutualised debt is a big achievement for EU and powerful driver for Euro.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 21, 2020, 04:04:18 PM
EUR/USD is at 1.1490, at this point a breakout above 1.1500 is a matter of when, not if, I think. Next target is likely around 1.1640.
Title: Re: EUR/USD
Post by: fxopen78 on July 21, 2020, 11:51:25 PM
The very high movement has occurred yesterday market, the price eventually breaks high and formed new high again, but beware, long bulls pressure could possibly to reverse as temporary counter-trend.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 22, 2020, 03:26:16 PM
It is almost at 1.1600 today. Do you think it will break out above that level too?
Title: Re: EUR/USD
Post by: fxopen78 on July 23, 2020, 12:51:19 AM
Move higher again eventually, but there are long-tail formed on daily, look back monthly graph, tendencies to bulls long term, still possible as temporary reversal
Title: Re: EUR/USD
Post by: Stephan09 on July 23, 2020, 11:59:59 AM
It is almost at 1.1600 today. Do you think it will break out above that level too?

I think we are going to see the pullback from here. Unless all this comes thru too easy which is not valid for EURUSD, usually 8)
Title: Re: EUR/USD
Post by: Eliza Abrams on July 23, 2020, 03:18:11 PM
It is almost at 1.1600 today. Do you think it will break out above that level too?

I think we are going to see the pullback from here. Unless all this comes thru too easy which is not valid for EURUSD, usually 8)
Haha, true. It's currently testing 1.1600 and you're right, there will probably be a bit of a pullback, but I think eventually it will break out above that level too.
Title: Re: EUR/USD
Post by: fxopen78 on July 24, 2020, 01:03:24 AM
Yes, price break 1.1600 but them reverse back, the pair still have tendencies to bullish, seems USD almost weaken if compared with other currency, in addition, gold now reached 18000
Title: Re: EUR/USD
Post by: Eliza Abrams on July 24, 2020, 04:19:35 PM
How high do you think EUR/USD will go?
Title: Re: EUR/USD
Post by: fxopen78 on July 27, 2020, 12:55:14 AM
There is gap on this open day morning, its can see on low timeframe M15 and M5, but then price move to recover the gap, I think possible on this week will reach 1.17xxx
Title: Re: EUR/USD
Post by: Eliza Abrams on July 27, 2020, 03:15:00 PM
It's at 1.1750 and remains really bullish! I think a new impulse may have begun.
Title: Re: EUR/USD
Post by: fxopen78 on July 28, 2020, 01:26:01 AM
Eventually formed new high again for EURUSD now on 1.17622, seems USD currency in weaken against another currently like as JPY and also GBP, on gold at symbol XAUDUSD also formed new high now reach 19.000 and this is new high has formed
Title: Re: EUR/USD
Post by: drunkfx on July 28, 2020, 04:12:24 AM
I think long EURUSD is still a good bet because as I said dollar continued its broad-based slump due to rapid money supply expansion plans of US government and the Fed.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 28, 2020, 02:37:33 PM
It bounced off from 1.1780 which is normal and it is currently forming a correction. It'd probably start rallying again soon.
Title: Re: EUR/USD
Post by: fxopen78 on July 29, 2020, 12:54:02 AM
Yes correction yesterday, let to follow the next movement if the look on H1 right now the pair move in weak bears, it's possible to assign if the correction has pause and possible to continue the bulls trend.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 29, 2020, 03:17:26 PM
It reached 1.1760 again, let's see when it will break out above 1.1780!
Title: Re: EUR/USD
Post by: fxopen78 on July 30, 2020, 12:27:43 AM
The pair landing on new high 1.18054, currently price on H1 movement bears weak as counter-trend , at 1.17862, let wee what the next movement, last monthly candle very strong bulls, seems USD under pressure against some another currency.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 30, 2020, 03:05:12 PM
It is back under 1.1800 but I do agree, the bulls are very strong. I wonder whether it will reach 1.1900 before a correction begins.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 31, 2020, 04:28:54 PM
It reached 1.1910 and finally bounced off from that level to begin a correction. What an impressive rally!
Title: Re: EUR/USD
Post by: fxopen78 on August 03, 2020, 12:50:57 AM
I don't see the gap today, currently, price drops near on previous low, H1 price on Lower band BB, while in H4 price on middle BB, its possible to continue bullish, but let see what happen later on Monday market
Title: Re: EUR/USD
Post by: Eliza Abrams on August 03, 2020, 03:52:23 PM
It dropped to 1.1700. I think we may see it drop further down over the next few days.
Title: Re: EUR/USD
Post by: drunkfx on August 04, 2020, 07:07:33 AM
It dropped to 1.1700. I think we may see it drop further down over the next few days.

I also think that it should extend correction but it has to bounce up in a technical move (profit taking) before bearish retreat can continue.
Title: Re: EUR/USD
Post by: Frederico_K on August 04, 2020, 01:35:54 PM
i wonder if we see the highs of 2017 ?? like 1.24-1.25  :o :o :o
Title: Re: EUR/USD
Post by: Eliza Abrams on August 04, 2020, 04:37:11 PM
I think it is a bit too early to tell, but it is possible. Time will tell.
Title: Re: EUR/USD
Post by: fxopen78 on August 05, 2020, 01:20:22 AM
Price drop to 1.16956 but eventually reverse and landing to 1.18076, I hope will start to bulls again, I think USD still weaken against euro
Title: Re: EUR/USD
Post by: Eliza Abrams on August 05, 2020, 04:21:22 PM
It is back at 1.1900. It's either forming a double top or it will rally above that level.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 06, 2020, 03:32:42 PM
As I thought, it started dropping. Next target is likely back at 1.1800 and below.
Title: Re: EUR/USD
Post by: fxopen78 on August 06, 2020, 10:47:07 PM
Price hard to break previous high and likely still move on the range daily on this week, but let see later, whether will breakout and formed new high or the price will drop and fall on the previous low
Title: Re: EUR/USD
Post by: Eliza Abrams on August 07, 2020, 04:13:49 PM
It broke out below 1.1800. Next target is likely around 1.1750.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 10, 2020, 03:37:02 PM
It's still consolidating around 1.1775, but the pair remains bearish for now, I think.
Title: Re: EUR/USD
Post by: fxopen78 on August 11, 2020, 01:38:03 AM
Bearish eventually, now price at 1.17308, H1 figure out the bearish pattern, but price already on the lower band now, I think the price will bounce to arise today
Title: Re: EUR/USD
Post by: drunkfx on August 11, 2020, 05:15:34 AM
I think EURUSD will temporarily fluctuate in 1.17-1.19 band because bullish arguments for USD are still shaping up while selling it more after protracted sell-off looks really risky. A balanced solution is to trade the range or adopt wait and see stance.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 11, 2020, 04:29:52 PM
It found some support at 1.1725 but I think that for now the correction is still developing.
Title: Re: EUR/USD
Post by: fxopen78 on August 12, 2020, 01:15:02 AM
Currently price drop to 1.17398, if look history chart, this zone becomes support, if later breakout might continue to bears, but if bounce could reach previous high 1.18095
Title: Re: EUR/USD
Post by: Eliza Abrams on August 12, 2020, 04:56:25 PM
It dropped to 1.1710 again before bouncing off from that level. It's clearly consolidating still.
Title: Re: EUR/USD
Post by: fxopen78 on August 13, 2020, 01:02:02 AM
Exceed previous daily eventually, but with small distance, the bullish candle has formed, although price H4 on the upper band, it's still possible to breakout
Title: Re: EUR/USD
Post by: Eliza Abrams on August 13, 2020, 04:04:36 PM
It bounced off from 1.1860, it's probably dropping back toward 1.1800.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 14, 2020, 04:39:50 PM
It bounced off from 1.1790 too, the pair is very undecided this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 15, 2020, 03:22:35 PM
It closed at 1.1835, let's see how it will develop next week.
Title: Re: EUR/USD
Post by: rsmereka on August 17, 2020, 06:20:03 PM
At the 8:00pm (broker time) candle, the pair broke through the level of resistance at 1.1864 to close at 1.1867. I am currently long.
Title: Re: EUR/USD
Post by: drunkfx on August 19, 2020, 07:45:46 PM
Nice, but the Fed changed its stance on YCC I think we have to start to be careful about shorting USD. Looking to enter EURUSD longs with Hotforex.
Title: Re: EUR/USD
Post by: fxopen78 on August 20, 2020, 01:13:47 AM
Eurusd bearish yesterday, I think still possible to continue to reach low previous support 1.17xxx, but current price already on lower BB H4, market is dynamic, I think pair move on the range, buy at low might a good option
Title: Re: EUR/USD
Post by: Eliza Abrams on August 20, 2020, 02:34:43 PM
It's possible. Let's see whether or when it will break out below 1.1800 though.
Title: Re: EUR/USD
Post by: fxopen78 on August 21, 2020, 01:14:56 AM
Price touched middle BB daily, the candle formed bulls with a small body, like a hammer but still has a tail, in theory, it's signal reversal, let see the next movement, will back to bullish and break high or still in narrow movement on Friday movement.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 21, 2020, 03:48:28 PM
It dropped below 1.1800 and remains bearish. Do you think the move south will continue developing next week.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 22, 2020, 04:31:24 PM
Well, it closed at 1.1794. It's bearish for now.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 24, 2020, 03:26:27 PM
It's consolidating around 1.1800, so far there is no signal for a move in either direction.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 25, 2020, 04:12:14 PM
The pair is currently moving north but it is also clearly forming a sideways correction, it's unclear how it will develop.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 26, 2020, 04:19:07 PM
Consolidation continues for the moment, there is no signal for a new large movement.
Title: Re: EUR/USD
Post by: fxopen78 on August 27, 2020, 12:47:11 AM
Price on high on days this week, if the breakout is then bullish, could possibly form bullish trend continuation, but if price back to drop, it's possible to reached the previous low.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 27, 2020, 03:23:20 PM
It's testing 1.1780 again, I think it may depreciate back to 1.1750.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 28, 2020, 05:24:57 PM
The pair is back at 1.1900 but I doubt we'd see a proper breakout before the market closes for the week.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 31, 2020, 03:49:29 PM
It's about to break out above 1.1950, let's see how high it will rally this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 01, 2020, 04:49:01 PM
It broke out above 1.1965, next target is likely around 1.2000.
Title: Re: EUR/USD
Post by: fxopen78 on September 01, 2020, 09:01:11 PM
Bearish pressure this pair, look-alike up movement then pressing with down movement in big volume, it's possible as reversal signal as current pattern this pair in the top zone or resistance zone.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 02, 2020, 03:37:58 PM
It formed a shooting star candlestick at 1.2010 on the daily time frame, it is quite bearish currently indeed. Next target may be 1.1800.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 04, 2020, 03:45:32 PM
It is moving south indeed. It broke out below 1.1800, next target is likely at 1.1750, which is the last low.
Title: Re: EUR/USD
Post by: fxopen78 on September 07, 2020, 12:36:54 AM
There are small gaps that have occurred on this morning, but only we can see on small timeframe M5, there is a gap up between candle, previous candle formed with pin bar model, its reversal sign, but look formation candle, still possible to down
Title: Re: EUR/USD
Post by: Eliza Abrams on September 07, 2020, 03:18:05 PM
The move south continues developing slowly, it will likely soon drop below 1.1800.
Title: Re: EUR/USD
Post by: fxopen78 on September 08, 2020, 12:51:24 AM
Yes the pair move slowly, I think big market player awaiting certain momentum to enter the market, might later on Thursday move higher volatility. technically it possible to reached the previous low on daily.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 08, 2020, 04:01:06 PM
It broke out below 1.1800, let's see how low it will drop this week.
Title: Re: EUR/USD
Post by: fxopen78 on September 09, 2020, 01:34:23 AM
Bears in a small volume, its indicate the seller still reluctant to push the price down with bigger volume, although possible will continue bearish, need pay attention if smart money work.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 09, 2020, 04:21:02 PM
It bounced off from 1.1750, it is clearly forming a range channel above that level.
Title: Re: EUR/USD
Post by: fxopen78 on September 10, 2020, 12:50:12 AM
I think the current zone becomes a crucial zone, take the previous history, this is support zone, if likely support zone breakout and the trend bearish continue, it will become a new trend, but if still hard to break, possibly still move on the range
Title: Re: EUR/USD
Post by: Eliza Abrams on September 10, 2020, 02:04:49 PM
It's developing with the channel currently, rallying back toward 1.1950.
Title: Re: EUR/USD
Post by: fxopen78 on September 11, 2020, 12:40:30 AM
A Hammer candle has formed previous daily, its mean buyer pressure fight with the seller with seller dominated on the end close, in theory, its reversal sign, but take a look hourly now two bulls candle like as morning star.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 11, 2020, 04:10:39 PM
The hammer candle on daily is in such a spot in the range (the middle) it's unclear in which direction the reversal is supposed to be.
Title: Re: EUR/USD
Post by: fxopen78 on September 14, 2020, 01:17:29 AM
Consolidation phase I think, Doji candle has formed on the daily timeframe,  this is, in theory, is indecision candle, buyer and seller still reluctant to push prices to move up or down, might the movement will on the range
Title: Re: EUR/USD
Post by: Eliza Abrams on September 14, 2020, 03:02:42 PM
Indeed. It bounced off from the support at 1.1750 and it is now rallying toward the resistance at 1.1950. Let's see whether there will be a breakout this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 15, 2020, 04:01:55 PM
The pair bounced from 1.1900, the range is getting narrower. Which means there should be a breakout some time soon, hopefully.
Title: Re: EUR/USD
Post by: fxopen78 on September 16, 2020, 12:43:00 AM
This week still possible the pair move on the range daily, look at the monthly candle, its formed bears as weaken of buyer pressure, the range about 1.2000 as high and 1.17xxx as low
Title: Re: EUR/USD
Post by: Eliza Abrams on September 16, 2020, 02:47:52 PM
By the looks of it the range will continue for now, even if it is getting narrower. So far there is no breakout.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 17, 2020, 03:18:33 PM
It dropped back to 1.1735, this range won't end this week by the looks of it. :(
Title: Re: EUR/USD
Post by: fxopen78 on September 18, 2020, 01:11:45 AM
Look on daily is flat which pair move on the range not yet to breakout if using Alligator this in sleep mode to waiting for the alligator to wake up and eat
Title: Re: EUR/USD
Post by: Eliza Abrams on September 18, 2020, 02:53:03 PM
Yeah, I noticed. This range won't end this week. :(
Title: Re: EUR/USD
Post by: fxopen78 on September 22, 2020, 01:26:19 AM
Sideways still price on the range, one way to safe trade might with use swing high and swing low on the range to enter with stop loss out the box line.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 27, 2020, 04:35:38 PM
The pair is bearish and it broke out below the range. I think next week it will drop below 1.1600.
Title: Re: EUR/USD
Post by: Humble Trader's Fx on September 27, 2020, 07:34:37 PM
The pair is bearish and it broke out below the range. I think next week it will drop below 1.1600.

Looks like the drop as you say, will continue "unless" there is some substantial movent on EU-UK Brexit agreement and then it would suddenly take off like a rocket.

Regards,
HumbleTrader
Title: Re: EUR/USD
Post by: Eliza Abrams on September 28, 2020, 02:24:21 PM
Good point. Is there any statement or event that we know will happen this week?
Title: Re: EUR/USD
Post by: Humble Trader's Fx on September 28, 2020, 02:30:07 PM
Good point. Is there any statement or event that we know will happen this week?

MOst media note, "low confidence" in the talks begging this week. All it takes is one negotiator, later on today, to come out and say, "things look positive" and the EUR will jump by at a couple of hundred pips.

Regards,
HumbleTrader
Title: Re: EUR/USD
Post by: Eliza Abrams on September 29, 2020, 03:43:40 PM
Yeah, that's true.
It bounced off from 1.1615, I was really hoping it will drop below 1.1600. Do you think this is the end of the drop?
Title: Re: EUR/USD
Post by: Eliza Abrams on September 30, 2020, 03:47:52 PM
It's testing 1.1730 and it is relatively bullish, we may see it rally to 1.1750.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 01, 2020, 03:37:11 PM
It reached 1.1770 and formed a shooting star on the daily timeframe, it may drop back down to 1.1700.
Title: Re: EUR/USD
Post by: Humble Trader's Fx on October 01, 2020, 05:49:08 PM
It reached 1.1770 and formed a shooting star on the daily timeframe, it may drop back down to 1.1700.

It will probably re-try 1.1770 and drop back like a rock; perhaps much lower than 1.1700, perhaps 1.1680.  ???


Thanks for the input, Eliza.

Regards,
HumbleTrader
Title: Re: EUR/USD
Post by: Eliza Abrams on October 02, 2020, 05:26:53 PM
Yeah. It bounced off from a little lower than that at 1.1750, but it is pretty bearish now. Let's see how it develops next week.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 05, 2020, 02:20:34 PM
Surprisingly enough, the move north is continuing. The pair may rally back to 1.1800.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 06, 2020, 02:08:11 PM
The pair reached 1.1800 as I thought it would, it's possible the pair will rally above it as well.
Title: Re: EUR/USD
Post by: Humble Trader's Fx on October 06, 2020, 11:40:47 PM
The pair reached 1.1800 as I thought it would, it's possible the pair will rally above it as well.

How low do you predict it will go?

Regards,
HumbleTrader
Title: Re: EUR/USD
Post by: fxopen78 on October 07, 2020, 01:14:12 AM
EURUSD at 1.27371 at time press, drop quiet drastically on yesterday movement,  based daily frame, this is a support zone it possible will move to swing up again.
Title: Re: EUR/USD
Post by: Humble Trader's Fx on October 07, 2020, 07:35:55 AM
EURUSD at 1.27371 at time press, drop quiet drastically on yesterday movement,  based daily frame, this is a support zone it possible will move to swing up again.

Are you talking about the EUR/USD pair?


Regards,
HumbleTrader
Title: Re: EUR/USD
Post by: Eliza Abrams on October 09, 2020, 02:58:22 PM
The pair reached 1.1800 as I thought it would, it's possible the pair will rally above it as well.

How low do you predict it will go?

Regards,
HumbleTrader
By the looks of it the pair will go higher, actually, I think. It is testing 1.1800, after a breakout it may climb to 1.1870, which is the last high.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 13, 2020, 09:42:44 AM
I was hoping for that too, but it formed a spinning top candlestick on the daily time frame at 1.1815 and by the looks of it the pair may start depreciating again. I really don't like corrections.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 14, 2020, 03:57:48 PM
It did begin dropping, but the pair is so undecided we will have to wait and see whether it will depreciate below 1.1750.
Title: Re: EUR/USD
Post by: Humble Trader's Fx on October 14, 2020, 07:58:20 PM
It did begin dropping, but the pair is so undecided we will have to wait and see whether it will depreciate below 1.1750.


It all depends on the Brexit negotiations: If there is some good news tomorrow or Friday, it will take off. I wouldn't hold any open positions this weekend given the EU meeting about to take place.


Regards,
HumbleTrader
Title: Re: EUR/USD
Post by: Eliza Abrams on October 15, 2020, 03:56:54 PM
Good point. We'll have to wait and see then. It is currently bearish, but who knows how long that will last.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 16, 2020, 02:52:42 PM
So far no results, the pair remains undecided.
Title: Re: EUR/USD
Post by: Humble Trader's Fx on October 16, 2020, 03:32:59 PM
So far no results, the pair remains undecided.

If Johnson drops his threat and negotiations are allowed to continue for longer than a week, perhaps Brexit will become secondary on the international sceen and a greater focus on the US elections will have the EUR surge for now. This weekend will be the determinant factor.

Regards,
HumbleTrader
Title: Re: EUR/USD
Post by: Eliza Abrams on October 19, 2020, 02:59:13 PM
I hope so. I don't know about you, but I am tired of this range.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 20, 2020, 03:09:05 PM
It is testing 1.1825 again, let's see whether it will continue rising toward the last high at 1.1870.
Title: Re: EUR/USD
Post by: drunkfx on October 20, 2020, 05:23:45 PM
I also expect it to shoot higher due to dovish Fed and stimulus expectations. There are little drivers for Dollar gains except equities sell-off
Title: Re: EUR/USD
Post by: Eliza Abrams on October 21, 2020, 03:56:43 PM
It broke out above 1.1870 as well and the move north continues. Next target is likely at 1.1900.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 22, 2020, 03:16:29 PM
It bounced off from 1.1880 but the move toward 1.1900 may still continue.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 23, 2020, 03:24:09 PM
It's still consolidating below 1.1880. By the looks of it we won't see a breakout this week.
Title: Re: EUR/USD
Post by: drunkfx on October 27, 2020, 05:11:25 AM
We have ECB policy meeting this week where Lagarde will have to address recent weakness due to tightening of social restrictions. Potential dovish surprise for EURUSD.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 27, 2020, 02:47:34 PM
Thank you for the heads up. Let's see what effect that will have on the pair.
Title: Re: EUR/USD
Post by: fxopen78 on October 27, 2020, 11:49:16 PM
Technically the pair is bearish tendencies, with a support target of 1.1700. but the news ECB meeting its possible influence on the currency, let see what happens next.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 28, 2020, 02:54:25 PM
Indeed, it has almost reach 1.1700 again.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 29, 2020, 02:24:24 PM
It dropped below 1.1700 and it is testing 1.1675, it's quite bearish so it will likely drop below that level too.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 30, 2020, 03:21:22 PM
It dropped to 1.1650 and bounced off from it, the consolidation continues apparently.
Title: Re: EUR/USD
Post by: fxopen78 on November 01, 2020, 11:35:37 PM
The price I see on the support zone based history, this might be a crucial area, but pay attention to American election on this week, its possible giving impact to USD and influence to euro and another currencyy
Title: Re: EUR/USD
Post by: Eliza Abrams on November 02, 2020, 03:45:32 PM
It's breaking out below 1.1630, it may depreciate to 1.1600 soon.
Title: Re: EUR/USD
Post by: drunkfx on November 03, 2020, 04:02:28 AM
Now it targets 1.16 I guess the level should be broken after elections. Euro looks too weak because of lockdowns and unfolding economic disaster.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 04, 2020, 03:36:54 PM
It bounced off from 1.1600, we will have to wait until the result of the elections is clear, I think, for there to be a clear direction too.
Title: Re: EUR/USD
Post by: fxopen78 on November 04, 2020, 10:50:29 PM
During yesterday's movement on many pairs in high volatility, if looking for result election vote Biden now in the first rank instead of Trump, this like as survey result before the election, whether USD will strength today and make EURUSD down to 1.1645?
Title: Re: EUR/USD
Post by: Eliza Abrams on November 05, 2020, 03:03:39 PM
It's currently quite bullish and it may testing 1.1900 but it is yet to break out above the range.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 06, 2020, 03:48:11 PM
It has almost reached 1.1900, let's see whether there will finally be a breakout above that level that will end the range.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 09, 2020, 02:34:02 PM
I was expecting it to open with a gap but no such thing happened. It is, however, quite bullish still.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 10, 2020, 04:11:46 PM
Amazing, even the US elections couldn't end the 
Title: Re: EUR/USD
Post by: Eliza Abrams on November 10, 2020, 04:12:25 PM
Amazing, even the US elections couldn't end the the sideways consolidation.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 11, 2020, 03:18:57 PM
It's dropping back toward 1.1700, but so far that is clearly part of the sideways consolidation.
Title: Re: EUR/USD
Post by: fxopen78 on November 11, 2020, 10:44:32 PM
Sideways market on the daily timeframe, the price movement in the range between 1.15900 as support and 1.20000 as resistance on the sideways range, the last candle figured bearish model has appeared
Title: Re: EUR/USD
Post by: Eliza Abrams on November 12, 2020, 12:38:04 PM
It has been sideways for ages now and it doesn't look it will end anytime soon. :(
Title: Re: EUR/USD
Post by: Eliza Abrams on November 13, 2020, 02:19:52 PM
It is slowly rising back toward 1.1850, nothing exciting. The market will probably close below 1.1900.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 16, 2020, 02:34:59 PM
The consolidation clearly continues this week as well. It may stretch into next year.
Title: Re: EUR/USD
Post by: fxopen78 on November 16, 2020, 11:30:00 PM
Reading the McGinley indicator, EURUSD now in an uptrend, because price above the line, on range 4 month, the price in a sideways wide range, support around 1.15000, resistance 1.2000
Title: Re: EUR/USD
Post by: Eliza Abrams on November 17, 2020, 03:34:13 PM
I hope so. The consolidation has lasted long enough already. :(
Title: Re: EUR/USD
Post by: Eliza Abrams on November 18, 2020, 03:04:26 PM
It is still testing 1.1870. This week there will be no changes again, will there be?
Title: Re: EUR/USD
Post by: Eliza Abrams on November 19, 2020, 04:54:28 PM
It bounced off from 1.1890 and is currently depreciating yet again. Do you guys think the consolidation will last into next week?
Title: Re: EUR/USD
Post by: fxopen78 on November 19, 2020, 10:36:47 PM
Just wondering on this morning, I see the price EURUSD formed long wick on H1 and also can see on M15 after a price moves down, then push up and figured long wick, it's Pin bar in technical trading, usually assign reversal, but let see what happen the next
Title: Re: EUR/USD
Post by: drunkfx on November 20, 2020, 07:23:13 AM
Just wondering on this morning, I see the price EURUSD formed long wick on H1 and also can see on M15 after a price moves down, then push up and figured long wick, it's Pin bar in technical trading, usually assign reversal, but let see what happen the next

EURUSD should feel some downside pressure as stocks are matured for correction and usd is inversely correlated with stocks, especially during sharp moves (wave of risk-on and risk-off).
Title: Re: EUR/USD
Post by: Eliza Abrams on November 23, 2020, 02:02:18 PM
Perhaps. For now it is moving north by the looks of it.
Title: Re: EUR/USD
Post by: fxopen78 on November 24, 2020, 12:09:38 AM
Price drop drastically land to 1.17995 on the chart my broker, but at present, the price back to rebound to 1.18381 
It's possible the price move on the range previous daily.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 24, 2020, 03:24:36 PM
It's less than a 40 pips drop within a sideways consolidation, I don't think it's that drastic. These movements are normal during range.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 25, 2020, 03:45:08 PM
The move north continues for now, it will likely reach 1.2000, but let's see whether it will break out above that level.
Title: Re: EUR/USD
Post by: fxopen78 on November 26, 2020, 12:16:39 AM
The price move on the range but has tendencies to bullishness, but the level swing high not yet breakout
let see what the next
Title: Re: EUR/USD
Post by: Eliza Abrams on November 26, 2020, 03:49:32 PM
It bounced off from 1.1940. It is disappointing but entirely unsurprising, unfortunately.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 27, 2020, 03:46:27 PM
It is pushing north again, let's see whether it will finally reach 1.2000!
Title: Re: EUR/USD
Post by: drunkfx on November 30, 2020, 04:24:14 AM
It is pushing north again, let's see whether it will finally reach 1.2000!

Yeah OTC EURUSD indicated it will break 1.20 on Monday. Very high chances for it. I think the next target is 1.25
Title: Re: EUR/USD
Post by: Eliza Abrams on November 30, 2020, 03:51:56 PM
It is pushing north again, let's see whether it will finally reach 1.2000!

Yeah OTC EURUSD indicated it will break 1.20 on Monday. Very high chances for it. I think the next target is 1.25

I hope you are right, so far it is still struggling to reach that level.
Title: Re: EUR/USD
Post by: fxopen78 on November 30, 2020, 11:33:54 PM
The previous day this pair formed a bears candle eventually, but the trend seems still bullish, if use moving average, the line can be dynamic support and possible the price continuation trend
Title: Re: EUR/USD
Post by: Eliza Abrams on December 01, 2020, 03:44:07 PM
It broke out above 1.2000! It finally broke out above 1.2000! We will finally see some proper movement north!
Title: Re: EUR/USD
Post by: drunkfx on December 02, 2020, 02:44:52 AM
Yeah it was expected decision. I think dollar is really weak in medium term as the Fed was the only Central Bank which signalled that rates will be low for a long time. It's a key factor of pressure on USD.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 02, 2020, 04:20:04 PM
It is almost at 1.2100. Do you think it will break out above that level or it will retrace to test the breakout before it rallies again?
Title: Re: EUR/USD
Post by: fxopen78 on December 02, 2020, 11:55:30 PM
Seems USD weaken, two weekly candles formed strong bullish,
but pay attention to NFP news later.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 03, 2020, 03:25:12 PM
It's incredibly bullish, the pair will likely soon reach 1.2100.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 04, 2020, 04:10:37 PM
It rallied above 1.2100 and it will likely break out above 1.2150 too.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 07, 2020, 03:08:23 PM
There is a shooting star candlestick at 1.2180 on the daily time frame but the pair is still quite bullish. We will have to wait and see whether this is a reliable signal for a move south or not.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 08, 2020, 04:33:04 PM
It has marginally bounced off from 1.2180 and is back at 1.2100, if it drops below that level we may see some correction.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 09, 2020, 03:46:59 PM
EUR/USD dropped below 1.2100 and remains bearish. Next target is likely at 1.2050.
Title: Re: EUR/USD
Post by: fxopen78 on December 09, 2020, 11:56:44 PM
EURUSD formed like a flag, its possible price bounce to fall then arise and make new high
the price still above the MA line indicates as bulls market trend
Title: Re: EUR/USD
Post by: Eliza Abrams on December 10, 2020, 03:21:34 PM
It dropped to 1.2060 and rebounded from it as I suspected it may. Next target is likely 1.2150 again.
Title: Re: EUR/USD
Post by: drunkfx on December 11, 2020, 04:25:00 AM
It dropped to 1.2060 and rebounded from it as I suspected it may. Next target is likely 1.2150 again.

You change your views at the same rate as EURUSD changes but with a lag ;). Human moving average  :o ?
Title: Re: EUR/USD
Post by: Eliza Abrams on December 11, 2020, 04:15:55 PM
It is consolidating around 1.2100, we likely won't see any changes before the next week.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 14, 2020, 03:25:37 PM
It remains undecided around 1.2100, hopefully another long-term range won't start again.
Title: Re: EUR/USD
Post by: fxopen78 on December 14, 2020, 09:30:53 PM
Although formed bulls candle, but not yet breakout now,
I think EURUSD still move on the previous range market.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 15, 2020, 03:41:00 PM
It's still testing 1.2150 though, it may still break out above that.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 16, 2020, 04:56:26 PM
It broke out above 1.2150 and it remains quite bullish. I wouldn't be surprised if it reaches 1.2200
Title: Re: EUR/USD
Post by: drunkfx on December 17, 2020, 04:49:04 AM
It broke out above 1.2150 and it remains quite bullish. I wouldn't be surprised if it reaches 1.2200

Major dollar dump which I think will continue the whole December with New Year as turning point. Still hoping my EURUSD long from 1.1950 at Hotforex with target at 1.235 before this year end.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 17, 2020, 04:38:19 PM
By the looks of it EUR/USD will very likely reach 1.2300 soon, indeed. It's pretty bullish now.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 18, 2020, 04:16:09 PM
It pulled back from 1.2270, we may see some retracement but the pair remains quite bullish for now.
Title: Re: EUR/USD
Post by: Sebastian90 on December 19, 2020, 10:49:52 AM
EURUSD reaches at 1.2270, and it seems to be a temporary reversal, but the pair remains quite bullish for now.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 21, 2020, 04:04:18 PM
It dropped back to 1.2120, which is no surprise, I think, pullbacks like that are normal. It is now back above 1.2200 but it is yet to break out above the last high at 1.2270. This week we may see some correction.
Title: Re: EUR/USD
Post by: fxopen78 on December 21, 2020, 11:35:55 PM
There are deep gap on Monday market open, the price down and reached dynamic support on the line moving average, but then bounce back to cover the gap, now price at 1.22339 and possibly move on the previous range
Title: Re: EUR/USD
Post by: Eliza Abrams on December 22, 2020, 05:46:57 PM
It formed a pair of hanging man candlestick at 1.2270 on the daily time frame, which are a good signal that a correction is about to begin.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 23, 2020, 05:13:23 PM
It bounced off from 1.2150. We may not see much of a movement during the holidays.
Title: Re: EUR/USD
Post by: fxopen78 on December 23, 2020, 09:45:06 PM
Price move on the range already, bullish formation already appear to sign the Ma line to be a horizontal line, seems still so hard the pair will break high and created new high.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 24, 2020, 03:47:29 PM
Merry Christmas, everyone! I hope you guys are resting and/or celebrating, rather than trading! Everyone needs some rest occasionally.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 28, 2020, 05:53:28 PM
EUR/USD is completely undecided, that was to be expected between the holidays.
Title: Re: EUR/USD
Post by: Eliza Abrams on December 31, 2020, 04:32:04 PM
Are any of you trading today? I'm giving it a rest! Hopefully next year will be more successful for everyone!
Title: Re: EUR/USD
Post by: Eliza Abrams on January 01, 2021, 04:32:10 PM
Happy New Year, everyone!
Title: Re: EUR/USD
Post by: drunkfx on January 04, 2021, 06:42:31 AM
EUR/USD is completely undecided, that was to be expected between the holidays.

I think bearish USD trend will continue in 2021 because major supply-demand factors like Fed policy, attitude toward risks assets are expected to remain the same as in 3Q-4Q of 2020. We have to see hawkish Fed to start talking about USD upside.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 04, 2021, 04:27:26 PM
The long-term trend has been bullish since May 2020 though? It's visible on the weekly and monthly charts.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 05, 2021, 03:10:41 PM
It's still consolidating above 1.2250. Let's see whether it will manage to break out above 1.2300 this week.
Title: Re: EUR/USD
Post by: fxopen78 on January 05, 2021, 10:19:06 PM
EURUSD move as resistance level at 1.23144, now price on resistance level, the scenario of these level have been broken hence possible will move to continue bullish, but if not hence possible move on the previous day range.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 07, 2021, 03:55:16 PM
It reached 1.2350 and bounced off from it but the pair remains pretty bullish.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 08, 2021, 05:11:23 PM
The move south continues for now, but for the moment there is no indication a major correction is about to begin.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 09, 2021, 03:46:18 PM
It closed at 1.2225. Let's see whether the move south will continue developing next week.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 11, 2021, 03:41:22 PM
The move south continues for now, next target will likely be at 1.2100.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 12, 2021, 05:40:24 PM
The pair found some support at 1.2130. We'll either see a range start to form or the correction will continue developing.
Title: Re: EUR/USD
Post by: fxopen78 on January 13, 2021, 12:04:09 AM
The trend seems reversal, the price below a moving average indicator is downtrend signal, but let see later buyer pressure start move again, and yesterday candle formed as bulls candle, it possible to continue
Title: Re: EUR/USD
Post by: Eliza Abrams on January 13, 2021, 04:18:26 PM
It is testing 1.2150 and it may break out below that level this time, dropping below 1.2100 next.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 14, 2021, 04:28:20 PM
It's still testing 1.2145. Let's see whether it will drop below that level before the end of the week.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 15, 2021, 04:10:10 PM
It dropped below 1.2100. I think the correction has begun and next target will be around 1.1930. Note that there are a pair of impressive shooting star candlesticks on the weekly time-frame below the high at 1.2350.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 16, 2021, 04:23:45 PM
It closed at 1.2080. Next week we will probably see a further move to the downside.
Title: Re: EUR/USD
Post by: drunkfx on January 18, 2021, 07:35:52 AM
I think bearish USD trend will continue in 2021 because major supply-demand factors like Fed policy, attitude toward risks assets are expected to remain the same as in 3Q-4Q of 2020. We have to see hawkish Fed to start talking about USD upside.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 18, 2021, 03:46:11 PM
It does look pretty bearish still. Let's see whether it will drop to 1.2000 soon.
Title: Re: EUR/USD
Post by: fxopen78 on January 18, 2021, 09:10:23 PM
I think should pay attention with USD which might political situation in the US possible occur civil war because Trump's supporter protest Biden as president, its reported many guns shop sold out the guns and amunition, let see later give impact or not
Title: Re: EUR/USD
Post by: Eliza Abrams on January 19, 2021, 04:19:04 PM
Surprisingly, it formed a pinbar at 1.2070 and it's bouncing off from that level. I doubt that is the end of the move to the south but first we may see some range.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 20, 2021, 05:33:53 PM
It's consolidating around 1.2100. I suppose we won't see much development until after the inauguration.
Title: Re: EUR/USD
Post by: fxopen78 on January 20, 2021, 10:54:50 PM
Yes seems consolidation time, it's possible to move reversal again
Title: Re: EUR/USD
Post by: Eliza Abrams on January 21, 2021, 03:28:48 PM
It's climbing at the moment but that is likely part of the correction.
Title: Re: EUR/USD
Post by: fxopen78 on January 22, 2021, 12:15:38 AM
The price already crossing moving average from bottom to up
its indicate a bullish trend confirmed based MA line
Title: Re: EUR/USD
Post by: Eliza Abrams on January 22, 2021, 04:22:32 PM
It may rally back to the old high at 1.2350, but it is not certain yet the pair will break out above that level.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 25, 2021, 03:38:43 PM
As I though, the correction continues, the pair bounced off from 1.2190.
Title: Re: EUR/USD
Post by: fxopen78 on January 25, 2021, 10:56:23 PM
The price eventually down on the early week,
I think the price will move on the range today as my target on the previous high 1.21826
Title: Re: EUR/USD
Post by: Eliza Abrams on January 26, 2021, 04:55:33 PM
It's consolidating around 1.2140. It's very undecided, I am unsure where the target even is at the moment.
Title: Re: EUR/USD
Post by: Eliza Abrams on January 27, 2021, 04:44:28 PM
It looks like it's forming a double bottom at 1.2065. If it is there may be a new move north.
Title: Re: EUR/USD
Post by: fxopen78 on January 27, 2021, 10:22:38 PM
Bears formed yesterday, but appear long wick near to half-body candle,
maybe will rebound
Title: Re: EUR/USD
Post by: Eliza Abrams on January 28, 2021, 04:14:37 PM
Perhaps. Right now it's consolidating sideways. It has formed that double bottom, but for now there is no move north.
Title: Re: EUR/USD
Post by: fxopen78 on January 29, 2021, 12:11:04 AM
Eventually, rebound, but the movement still in the previous day range, it can be said the candle as engulfing, Friday market sometime being random and not easy, the reason is many trader close positions before the market closed
Title: Re: EUR/USD
Post by: Eliza Abrams on January 29, 2021, 04:58:52 PM
The consolidation is still on. I think the nearest target is 1.2170.
Title: Re: EUR/USD
Post by: drunkfx on January 30, 2021, 04:09:57 AM
If stock market correction continues next week (very likely) then I think USD index will be able to break through 91 level. US currency benefits from anxiety in equity markets.
Title: Re: EUR/USD
Post by: Libson on February 01, 2021, 02:28:40 PM
Any idea on what level the EURUSD currency is ranging it? Because the last time I checked it appear as a long wick near to half-body candle.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 01, 2021, 03:40:54 PM
It's testing 1.2065 yet again. Hopefully it will finally break out below that level.
Title: Re: EUR/USD
Post by: fxopen78 on February 01, 2021, 11:48:21 PM
Price on the bottom price now, will possible to rebound
but yesterday moves are big volume if continue will leading to decline
Title: Re: EUR/USD
Post by: Eliza Abrams on February 02, 2021, 04:03:33 PM
The move south finally continued. It broke out below 1.2065 and it remains bearish. I think the next target is around 1.2000 - 1.1970.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 03, 2021, 04:20:50 PM
It has almost reached 1.2000 and it remains bearish, the move south will likely continue.
Title: Re: EUR/USD
Post by: fxopen78 on February 03, 2021, 11:02:16 PM
Decline EURUSD seems already in a small volume, the downtrend in weak movement-based daily formation candle, but price still below Mc Ginley line, as downtrend market, maybe will push to rise today
Title: Re: EUR/USD
Post by: Eliza Abrams on February 04, 2021, 04:25:35 PM
It dropped to 1.1970 as I thought it would. The pair is still quite bearish so we may see it break out below that level too.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 05, 2021, 03:16:22 PM
It bounced off from 1.1950. We will likely see a further move north as a part of the correction and then another drop.
Title: Re: EUR/USD
Post by: fxopen78 on February 08, 2021, 12:07:28 AM
Bulls market might already in control, H4 figure out the pattern strong bulls
price crosses Mc Ginley Indicator as sign reversal, let see what happens later.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 08, 2021, 04:55:51 PM
All I see here is a tight sideways consolidation.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 09, 2021, 05:05:09 PM
Now it is bullish indeed. That rally is part of the correction though, it does not necessarily mean it will climb past the last high.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 10, 2021, 06:09:17 PM
The move north continues for now, the pair reached 1.2130. We may see it rallying to 1.2200.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 11, 2021, 04:45:28 PM
It is still consolidating around 1.2130, we will have to wait and see whether it will reach 1.2200 by the end of the week.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 12, 2021, 05:51:35 PM
It looks like we won't see a breakout above 1.2200 this week. The pair remains completely undecided.
Title: Re: EUR/USD
Post by: drunkfx on February 14, 2021, 03:52:20 PM
I think bearish USD trend will extend into 1Q and 2Q of 2021 because major supply-demand factors like Fed policy, attitude toward risks assets are expected to remain the same as in 3Q-4Q of 2020. We have to see hawkish Fed to start talking about USD upside.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 15, 2021, 10:09:07 AM
The pair is slowly moving north still. It will likely reach 1.2200 this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 16, 2021, 03:35:18 PM
The pair remains very undecided today too, on the daily time frame it is forming what they call a barbed wire. There is no direction.
Title: Re: EUR/USD
Post by: fxopen78 on February 16, 2021, 11:38:01 PM
Seems price move on correction phase, previous day candle formed bears with long-tail as mark bullish market get pressure and fall to decline H4 price below MA 55 but Ma 33 not yet crosses MA55 lines
Title: Re: EUR/USD
Post by: Eliza Abrams on February 17, 2021, 04:52:25 PM
Correction continues indeed, next target is likely at 1.1980, I think.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 18, 2021, 04:29:37 PM
It bounced off from 1.2020. One can never be too certain in the direction during a correction.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 19, 2021, 06:15:16 PM
It is back above 1.2100, the consolidation won't end before next week, I fear.
Title: Re: EUR/USD
Post by: drunkfx on February 22, 2021, 06:56:18 AM
Major dollar dump which I think will continue in March after the pullback in the first two months. Still holding my EURUSD long from 1.1950 at Hotforex with target at 1.25 in the middle of March
Title: Re: EUR/USD
Post by: Eliza Abrams on February 22, 2021, 04:42:08 PM
It's back at 1.2150, I think this week we may see it rallying to 1.2200.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 23, 2021, 05:15:14 PM
It found some resistance at 1.2180. The consolidation clearly continues this week as well.
Title: Re: EUR/USD
Post by: fxopen78 on February 23, 2021, 11:54:17 PM
Based mc ginley indicator in the daily timeframe, EURUSD on a bullish trend, because price above the line
but look at the weekly range, 1.21890 probably as today's resistance.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 24, 2021, 04:52:22 PM
It is depreciating back to 1.2100, I think. The pair is stuck in a range for now.
Title: Re: EUR/USD
Post by: Eliza Abrams on February 25, 2021, 04:59:35 PM
The range is finally over! The pair is moving north and next target is likely around 1.2300.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 01, 2021, 04:33:12 PM
It bounced off 1.2240 again and it is back at 1.2050, these corrections always seem endless.
Title: Re: EUR/USD
Post by: drunkfx on March 02, 2021, 02:25:20 PM
I think the bullish trend is definitely over for now - USD saw surge of investment flows thanks to pronounced rebound in momentum. EUR/USD has begun a serious correction. I think next target will be around 1.1850-1.19.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 02, 2021, 05:00:35 PM
The bullish trend has been over for a while, I think. The pair has been forming a correction since  early January.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 03, 2021, 05:57:01 PM
It remains in correction mode today as well. I wonder whether it will end this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 04, 2021, 05:11:57 PM
It's clearly still consolidating. I have given up hope that will change this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 05, 2021, 05:05:57 AM
It's testing the support at 1.1950. Depending on its development at this level we may see a double bottom - and a sharp move north - or a breakout to the downside and a further depreciation.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 06, 2021, 05:03:53 PM
The pair broke out below 1.1950, I think next week we will see it depreciating down to 1.1800 or even below that level.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 08, 2021, 06:44:05 PM
It remains very bearish this week as I thought it would be. It will likely reach 1.1800 and drop below that level too.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 09, 2021, 05:44:16 PM
It bounced off from 1.1840 but I think it is still quite bearish. The pair will likely drop below 1.1800.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 10, 2021, 03:11:52 PM
It's consolidating around 1.1900, the pair is quite undecided for the moment, I think.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 11, 2021, 05:59:59 PM
The move north began again after the pair bounced off from 1.1840. The next target may be at 1.1900 but the pair is still forming an overall correction.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 12, 2021, 05:35:45 PM
The pair will likely close around 1.1950, next week we may see it rally back up to 1.2000.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 13, 2021, 06:00:08 PM
The pair closed after bouncing off from 1.1990, almost reaching the target at 1.2000. Next week the correction should continue.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 15, 2021, 05:17:10 PM
It's back at 1.1920 and it is still bearish so I think it will test the last low at 1.1835 again soon.
Title: Re: EUR/USD
Post by: fxopen78 on March 15, 2021, 11:51:48 PM
Based on MA55 this pair in a downtrend in a daily timeframe but 1.1910  seems to become the first support today
if broken might will move down to 1.8980
Title: Re: EUR/USD
Post by: Eliza Abrams on March 16, 2021, 05:48:07 PM
It dropped  down to 1.1900, I think we will see a further depreciation soon.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 17, 2021, 10:26:42 AM
It is still testing 1.1900, it may still break out below that level by the end of this week.
Title: Re: EUR/USD
Post by: drunkfx on March 18, 2021, 04:45:52 AM
I think bearish USD trend will extend into 3Q of 2021 because major supply-demand factors like Fed policy, attitude toward risks assets are expected to remain the same as in 3Q-4Q of 2020. We have to see hawkish Fed to start talking about USD upside.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 18, 2021, 05:07:01 PM
Consolidation still continues. I was hoping for a breakout by the end of the week, but that seems less and less likely.
Title: Re: EUR/USD
Post by: fxopen78 on March 18, 2021, 11:00:44 PM
Yesterday EURUSD formed bears candle, but at present, the price move on equilibrium,
this is a support zone, maybe the pair will pullback although the indicator line still show on bearish
Title: Re: EUR/USD
Post by: Libson on March 19, 2021, 10:02:44 AM
I currently feel that the EURUSD has reached a strong resistance since it is used by many traders, and due to the fact it has enormous liquidity.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 19, 2021, 07:08:52 PM
I currently feel that the EURUSD has reached a strong resistance since it is used by many traders, and due to the fact it has enormous liquidity.
Resistance? Or do you mean support?
Title: Re: EUR/USD
Post by: Eliza Abrams on March 20, 2021, 06:41:21 PM
It closed at 1.1900 as I thought it would. Let's see whether there will be a breakout next week.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 22, 2021, 09:45:28 AM
It's still consolidating around 1.1900, so far there no major changes but those rarely occur this early on Monday.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 23, 2021, 04:08:10 AM
The pair remains very undecided around 1.1900, frankly when it gets like this it's best not to trade it at all until it picks a direction.
Title: Re: EUR/USD
Post by: fxopen78 on March 23, 2021, 10:59:00 PM
Two weeks this pair in a down market, the previous day in bearish, and the wave fall already reach lower previous low, based Elliot wave, it's possible the price will rebound to bullish again.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 24, 2021, 04:22:41 AM
It reached the last low at 1.1845 and it may be forming a double bottom. If it is we may see a new move north but a breakout is still possible, I think.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 25, 2021, 07:48:31 AM
It dropped below 1.1845. The next long-term target is likely all the day down to 1.1600.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 26, 2021, 06:43:41 AM
It dropped to 1.1760 and it remains quite bearish. Next week the move south will likely continue.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 29, 2021, 11:39:41 AM
It's currently testing 1.1770 and it has formed something of a double bottom on the four-hour time-frame. We'll have to wait and see how it will develop.
Title: Re: EUR/USD
Post by: fxopen78 on March 29, 2021, 11:50:59 PM
It reached the last low at 1.1845 and it may be forming a double bottom. If it is we may see a new move north but a breakout is still possible, I think.
But what happens now, seems the endpoint wave not yet reached, the price still moves to continue to a downtrend, looking back at chart history, three candles monthly formed bearish candle, seems this is quite strong bearish, but in the daily timeframe, previous low not yet broken by current low.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 30, 2021, 12:18:14 PM
The pair is definitely moving south, I agree. It broke out below 1.1770.
Title: Re: EUR/USD
Post by: fxopen78 on March 30, 2021, 11:25:55 PM
Thre price eventually  break and clear bearish formed, still hold for sell
but sometimes even though strong bearish, possible before continue they will retrace.
Title: Re: EUR/USD
Post by: drunkfx on March 31, 2021, 06:09:51 AM
If stock market correction continues next week (very likely) then I think USD index will be able to break through 94 level. US currency benefits from anxiety in equity markets.
Title: Re: EUR/USD
Post by: Eliza Abrams on March 31, 2021, 10:52:57 AM
It dropped to 1.1700 as I thought it would but it has not broken out below that level. That is still certainly a possibility, I think.
Title: Re: EUR/USD
Post by: fxopen78 on April 01, 2021, 01:45:09 AM
Still entering in a consolidation phase, looking for a monthly timeframe, bearish pressure still dominated
but movement on daily, probably still on the previous range.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 01, 2021, 11:45:53 AM
It's very bearish on the monthly time-frame. And the long-term target is around 1.1600, I think.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 02, 2021, 12:29:44 PM
It is back at 1.1770 after bouncing off from 1.1700. Next week we may see some retracement before it continues dropping.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 03, 2021, 11:02:16 AM
Well, it closed at 1.1760, about as undecided as it has ever been. Hopefully next week the picture will be clearer.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 05, 2021, 10:48:28 AM
It's moving back south,we will likely see it drop to 1.1700 yet again but whether it will break out below that level is unclear.
Title: Re: EUR/USD
Post by: fxopen78 on April 06, 2021, 12:23:07 AM
Surprisingly, the pair move in bulls strong yesterday, figure out a bullish engulfing candle, maybe still continue to rising today, let see what happens later.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 06, 2021, 11:12:33 AM
I agree, it's quite bullish now. It rallied past 1.1800 and continues moving north, it may even reach 1.1850.
Title: Re: EUR/USD
Post by: fxopen78 on April 06, 2021, 11:58:39 PM
Strong bullish yesterday, but still in question today, sometimes if the pair moves a long way it's possible to take a rest,
but if based two last candles, it's a strong bullish trend.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 07, 2021, 11:09:22 AM
It remains quite bullish today. It reached 1.1850 and rallied past that level, next target is likely around 1.1900.
Title: Re: EUR/USD
Post by: fxopen78 on April 07, 2021, 11:42:53 PM
After reached high the pair bounce eventually, its formed Pin bar in daily candle
in technical analysis, if there are Pin bar candle appear, its reversal signal, but let see later, it's possible the pair move on below the high and still in the range.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 08, 2021, 10:04:21 AM
I just noticed the pin bar. That is a very clear sign for a move south, I think. Especially considering it's the daily time frame.
Title: Re: EUR/USD
Post by: fxopen78 on April 09, 2021, 12:30:57 AM
Pin bar that previously occurred in fact giving the false signal, this becomes questionable, or maybe there is news that influenced on euro to move higher compared another currency, I see EURUSD continue to bulls and crossing previous high on wick or pin bar, this indicate strong bulls in dominates. It is different with GBPUSD that moves in a small range bearish.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 09, 2021, 11:33:37 AM
It turned out to be a false signal indeed. I am really quite disappointed right now. :(
I hate it when that happens.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 10, 2021, 11:18:36 AM
It remained very bullish as it closed, next week it may rally back toward 1.2000 next week, I think.
Title: Re: EUR/USD
Post by: drunkfx on April 12, 2021, 09:08:10 AM
Because of comfortable trading spreads I like most EUR/USD from all other major pairs. But I am not willing to depend on completely just one currency.  For that reason in my demo account I usually trade all major currency pair to see the performance how it works. This approach always helps me for increasing my trading performance very rapidly.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 12, 2021, 01:22:07 PM
It remains bullish this week. It's testing 1.1915 and it will probably continue moving north.
Title: Re: EUR/USD
Post by: fxopen78 on April 12, 2021, 10:11:51 PM
The price moves on the daily previous range, but it's possible if a breakout achieved then the price will continue to bullish. In daily timeframe price move above MA line, indicates as bullish trending market
Title: Re: EUR/USD
Post by: Eliza Abrams on April 13, 2021, 01:04:56 PM
It's consolidating around 1.1915 - 1.1900, let's see how it will develop.
Title: Re: EUR/USD
Post by: fxopen78 on April 13, 2021, 11:20:41 PM
Yes breakout eventually, and price move to continue the previous trend, bullish
still possible the trend will continue to rise on the week
Title: Re: EUR/USD
Post by: Eliza Abrams on April 14, 2021, 11:19:34 AM
It's moving north indeed, it will probably soon reach the target at 1.2000.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 15, 2021, 11:41:21 AM
It rallied to 1.2000 as I thought it would. It's possible it will continue rallying toward 1.2050 too.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 16, 2021, 12:03:06 PM
It's still testing 1.2000. I don't think we will see a breakout above that level this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 18, 2021, 11:28:02 AM
The market will reopen again soon, let's see whether the move north will continue!
Title: Re: EUR/USD
Post by: Eliza Abrams on April 19, 2021, 12:03:36 PM
It rallied to 1.2040. There is a resistance around 1.2050, I think, let's see whether it will rally past that level.
Title: Re: EUR/USD
Post by: fxopen78 on April 19, 2021, 10:54:15 PM
What happens on Monday market? on morning days this pair occurs gap down, but then price move to recover gap and formed long body candle, its mean strong bulls, it's like not a usual market condition in Monday that usually moves in narrow movement.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 20, 2021, 01:05:27 PM
It rallied to 1.2050. By the looks of it, it's still quite bullish and the move north will likely continue.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 21, 2021, 11:17:44 AM
The pair formed a spinning top at 1.2080 and bounced off from that level. I think it may drop below 1.2000 again.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 22, 2021, 02:09:15 PM
It formed another spinning top at 1.2050, I think the move north may be ending indeed.
Title: Re: EUR/USD
Post by: fxopen78 on April 22, 2021, 11:35:13 PM
Although the Moving average still shows an uptrend, the price seems in the consolidation phase, they move on the previous day's range. Friday market sometimes high volatility but involved higher risk volatility
Title: Re: EUR/USD
Post by: Eliza Abrams on April 23, 2021, 02:18:02 PM
The two pinbars on the daily time-frame looked like a reversal signal to me, but clearly I was wrong. The pair is still bullish.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 24, 2021, 12:11:55 PM
It rallied to 1.2100. Next week it may continue rallying, I think.
Title: Re: EUR/USD
Post by: fxopen78 on April 25, 2021, 11:34:43 PM
We get lesson if not always Pin bar will giving the high accurate signal, its necessary to keep stop loss based rules, above or below the wick, Friday market is wild, involving risk, some trader might like to stay away
Title: Re: EUR/USD
Post by: Eliza Abrams on April 26, 2021, 01:45:07 PM
Indeed. Most of the time they are pretty accurate, but when they are not it's painful. :(
Title: Re: EUR/USD
Post by: Eliza Abrams on April 27, 2021, 12:51:02 PM
It's consolidating around 1.2080 today. Do you think it will rally above 1.2100 this week?
Title: Re: EUR/USD
Post by: Eliza Abrams on April 28, 2021, 11:57:55 AM
Consolidation continues today. I've closed my longs for now, if it breaks out above 1.2100, I may open new ones.
Title: Re: EUR/USD
Post by: Eliza Abrams on April 29, 2021, 12:36:22 PM
The move north continues, it broke out above 1.2100 again. I think next target will be around 1.2150.
Title: Re: EUR/USD
Post by: fxopen78 on April 29, 2021, 03:41:31 PM
Seems EURUSD on a bullish trend, but if compared to EURJPY, the movement still strongest on EURJPY
Sometimes I use both pair to hedge pair correlation, so far included as low-risk strategy
Title: Re: EUR/USD
Post by: Eliza Abrams on April 30, 2021, 02:52:17 PM
It bounced off from 1.2150 as I suspected it would. Next target seems to be around 1.2050.
Title: Re: EUR/USD
Post by: fxopen78 on May 03, 2021, 12:05:52 AM
The small gap occurs on Monday morning, can looking on M15, price drops and crossing mc ginley indicator on Friday
but still, possible pair will bounce today, where H1 in the consolidation stage
Title: Re: EUR/USD
Post by: Eliza Abrams on May 03, 2021, 11:38:04 AM
It finally dropped from 1.2150 but 1.2025 remains a strong support. Correction clearly continues for now.
Title: Re: EUR/USD
Post by: fxopen78 on May 04, 2021, 12:34:28 AM
Eventually bounce and figured bulls candle yesterday, based on weekly at my FXOpen chart, I predict the price already on top, based on previous chart history, its possible on this area the pair will move on the range as the consolidation phase
Title: Re: EUR/USD
Post by: Eliza Abrams on May 04, 2021, 12:30:31 PM
It dropped below 1.2025 and it remains bearish for now. Let's see whether it will drop below 1.2000.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 05, 2021, 11:16:32 AM
It's testing 1.2000 and I think it may drop below that level.
Title: Re: EUR/USD
Post by: fxopen78 on May 05, 2021, 11:34:31 PM
If analyze based indicator, the trend EURUSD is bearish, but this morning price on h1 formed a bulls pattern market in low volume buyers, sometimes might occur suddenly price drops quickly.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 06, 2021, 12:00:44 PM
It bounced off from 1.1990 after all. I think it is unclear, however, for the moment at least whether the rally will continue.
Title: Re: EUR/USD
Post by: fxopen78 on May 07, 2021, 12:10:32 AM
I realize if wrong, the price eventually formed a bullish candle with a long body candle, but it, not morubozu candle, very rare occurs the market formed morubozu, long body candle it's mean volume trading on that day is high occurs in the market.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 07, 2021, 02:10:38 PM
It is testing 1.2150 again, that could be either a double top or it will break out above that level and continue rallying.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 08, 2021, 12:17:02 PM
It broke out above 1.2150, next week the move north will likely continue developing.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 10, 2021, 10:32:50 AM
It does remain pretty bullish. We may see it rallying to 1.2200 this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 11, 2021, 12:51:31 PM
It's testing 1.2160, I think it will rally further by the end of the week.
Title: Re: EUR/USD
Post by: fxopen78 on May 11, 2021, 11:54:14 PM
Confirmed yesterday formed new high, but then price back to the range, previous week the pair figure out bulls candles
if break high again possible pair continue bullish
Title: Re: EUR/USD
Post by: Eliza Abrams on May 12, 2021, 11:47:48 AM
The pair continues consolidating around 1.2160 and it remains quite undecided.
Title: Re: EUR/USD
Post by: fxopen78 on May 12, 2021, 08:34:18 PM
Price retest high but cant breakout, eventually move down and break low, figure out bearish strong
seems USD gaining today
Title: Re: EUR/USD
Post by: Eliza Abrams on May 13, 2021, 01:06:10 PM
 It dropped back to 1.2080. Next target will likely be at 1.2000 again.
Title: Re: EUR/USD
Post by: fxopen78 on May 13, 2021, 11:56:02 PM
Currently at 1.20792, the price cross to Mc Ginley line indicator, the line formed horizontal like as will change the trend
if break low might continue bullish, on H1 price move on the range sideways
Title: Re: EUR/USD
Post by: Eliza Abrams on May 14, 2021, 11:31:33 AM
It's still consolidating around 1.2100. It will likely do that until the market closes this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 17, 2021, 12:23:35 PM
It rallied back toward 1.2170. If it finally breaks out above it, next target should be around 1.2200.
Title: Re: EUR/USD
Post by: fxopen78 on May 18, 2021, 12:37:36 AM
Uptrend still dominating, the price now landing at 1.21546, since this week all formed bulls candle.
but look at hourly timeframe after formed hew high then get pressure supply
Title: Re: EUR/USD
Post by: Eliza Abrams on May 18, 2021, 12:58:28 PM
It did break out above 1.2200. I think next target will be likely somewhere around 1.2300.
Title: Re: EUR/USD
Post by: Khan00 on May 18, 2021, 02:47:13 PM
The Euro rose from lows near US$1.2125 to highs near US$1.2167 and was near US$1.2150 at the US close. The Aussie dollar rose from lows near US77.31 cents to highs near US77.73 cents and was near US77.70 cents at the US close.
Title: Re: EUR/USD
Post by: fxopen78 on May 18, 2021, 11:09:15 PM
Bulls market dominated the previous movement with formed high 1.22336, H1 in a consolidation phase, the price move more 70%, pay attention reverse movement.
Title: Re: EUR/USD
Post by: drunkfx on May 19, 2021, 07:40:51 AM
It rallied back toward 1.2170. If it finally breaks out above it, next target should be around 1.2200.

Not hard to guess since distance between those two is 30 pips. I guess growing weakness in equity markets as seen from red US close on Tuesday should support USD in the coming days.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 19, 2021, 01:28:17 PM
It rallied to 1.2245 and it remains quite bullish, the move north will likely continue.
Title: Re: EUR/USD
Post by: fxopen78 on May 19, 2021, 11:57:02 PM
The price decline eventually yesterday, now the price land at low daily 1.21721,
it possible to bounce to rise again, but let see what happens later.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 20, 2021, 12:01:45 PM
It pulled back from 1.2245 but the move north will likely continue. An actual breakout above 1.2245 likely won't occur this week though.
Title: Re: EUR/USD
Post by: fxopen78 on May 21, 2021, 12:01:58 AM
The price already reaches a high now, based on the daily candle, volume demand already declines and the price seems to start to consolidate, two scenarios if price retest this level could be strong resistance if break then will continue bullish.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 21, 2021, 11:50:05 AM
It is testing 1.2230 indeed. I wonder if we will see a breakout today though.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 22, 2021, 01:01:32 PM
It failed to break out above the resistance but that still may occur next week.
Title: Re: EUR/USD
Post by: fxopen78 on May 24, 2021, 09:16:27 PM
Price move on the range I think, if draw the line, it could like the box, if break high will possible to continue bullish, now the price on high 1.22153 at FXOpen chart, let see what happen later, it possible will try to retest the resistance level
Title: Re: EUR/USD
Post by: Eliza Abrams on May 25, 2021, 12:05:48 PM
The move north continued today, finally! I think we may see it rally to 1.2300.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 26, 2021, 12:45:52 PM


It found some resistance at 1.2260 but I think the move north will likely continue eventually.
Title: Re: EUR/USD
Post by: fxopen78 on May 26, 2021, 11:10:30 PM
The pair still wavy, although the price success to break high and formed a new high, then bounce back and land to the daily low again, it's possible to continue bulls today, but need to check the news schedule today
Title: Re: EUR/USD
Post by: Eliza Abrams on May 27, 2021, 12:27:13 PM
The consolidation continues today too. I think there won't be a breakout above 1.2300 this week.
Title: Re: EUR/USD
Post by: fxopen78 on May 27, 2021, 11:36:55 PM
Its formed Doji candle as indecision candle, its represent buyer and seller in balance, the next scenario possible price if break low then the price drops, but based theory Mc Ginley indicator the line now as strong support
Title: Re: EUR/USD
Post by: Eliza Abrams on May 28, 2021, 11:19:10 AM
As I thought, the pair remained as undecided as yesterday. I doubt there will be any changes this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on May 31, 2021, 01:36:09 PM
It looks like the doji candle was a sign for a new move north.
Title: Re: EUR/USD
Post by: fxopen78 on June 01, 2021, 01:04:50 AM
Doji candle confirmed as a signal for buyer pressure, and yesterday the signal is valid, price move to going up
maybe the next target is resistance at the previous high of 1.22568
Title: Re: EUR/USD
Post by: Eliza Abrams on June 01, 2021, 12:10:31 PM
The resistance is, indeed, around 1.2250. So far there is no indication for a breakout though.
Title: Re: EUR/USD
Post by: drunkfx on June 01, 2021, 07:20:53 PM
The resistance is, indeed, around 1.2250. So far there is no indication for a breakout though.

How did you determine that? There is good fundamental background in Euro currently and it is weak USD
Title: Re: EUR/USD
Post by: Eliza Abrams on June 02, 2021, 12:58:17 PM

The resistance zone is around 1.2250 - 1.2270. It has tested it several times. Clearly it can't break out above it.
Title: Re: EUR/USD
Post by: fxopen78 on June 02, 2021, 11:53:07 PM
Take a look at the pattern, like as quotation, the price history repeats itself
seems the pin bar pattern appear again, let see what happen later, probably rise or rejection
Title: Re: EUR/USD
Post by: Eliza Abrams on June 03, 2021, 11:44:35 AM
Perhaps. I am not at all certain how it will develop here so I am not really trading it at the moment.
Title: Re: EUR/USD
Post by: fxopen78 on June 04, 2021, 12:18:17 AM
Surprising, the pair drops sharply, it's similar to GBPUSD also drops on yesterday
seems USD gets fuel and being strong at the moment, Gold also drops.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 04, 2021, 12:10:44 PM
 It dropped back down to 1.2100 as I thought it would and by the looks of it the pair may depreciate further.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 05, 2021, 12:52:08 PM
It rallied back to 1.2170 before it closed, the pair remains very undecided.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 07, 2021, 11:52:45 AM
It's still consolidating sideways, so much about a new move south. :(
Title: Re: EUR/USD
Post by: Eliza Abrams on June 08, 2021, 10:48:23 AM
EUR/USD remains pretty undecided today and I decided to stop trading it until I see a good signal.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 09, 2021, 02:04:54 PM
It's testing 1.2200 again but I doubt the move north will be very large even if it breaks out above that level.
Title: Re: EUR/USD
Post by: fxopen78 on June 10, 2021, 12:28:40 AM
The price now at 1.21785 in the FXOpen chart, I think this support zone level, it already tested few times
it possible to bounce and rise again.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 10, 2021, 10:55:44 AM
As I thought, we didn't see much of a move north, and the pair is depreciating back toward 1.2150.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 11, 2021, 10:48:54 AM
 The pair remains completely undecided and there likely won't be any breakouts by the end of this trading week.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 14, 2021, 12:26:05 PM
It's testing 1.2100 again, but I wouldn't open a new short before a proper breakout.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 15, 2021, 12:21:02 PM
 It's consolidating above 1.2100 continues today, but so far there is no indication for a breakout.
Title: Re: EUR/USD
Post by: fxopen78 on June 15, 2021, 11:37:22 PM
Daily pattern move bullish candle yesterday but in down pressure, the price probably still move on the range hourly, if take a look weekly timeframe, its pattern as reversal long term based technical
Title: Re: EUR/USD
Post by: Eliza Abrams on June 16, 2021, 01:11:03 PM
You're right, the weekly time frame is quite bearish. I'm waiting for a breakout below 1.2100.
Title: Re: EUR/USD
Post by: fxopen78 on June 17, 2021, 12:10:50 AM
The price drops drastically eventually, USD strong in some pairs, not only in EURUSD but GBPUSD and AUDUSD, also gold the price drops, now on hourly the downside seems to start to weak
Title: Re: EUR/USD
Post by: Eliza Abrams on June 17, 2021, 12:50:19 PM
It finally broke out below 1.2100 and it remains very bearish. Next target is likely at 1.1900.
Title: Re: EUR/USD
Post by: fxopen78 on June 18, 2021, 12:05:47 AM
Yes eventually it's a broker and makes new low deep, it drops drastically just on two days market, in this Friday maybe should be careful, sometimes occurs random movement due to many traders closed order before the market closed.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 18, 2021, 11:46:21 AM
 It dropped to 1.1885 but I think the depreciation is over for the moment and we may see some correction.
Title: Re: EUR/USD
Post by: diyforexskills on June 19, 2021, 05:52:17 AM
OK, how about a bit of long-term projection musings.

This pair was definitely in an uptrend from May last year, prices well above the 200 SMA. It then began its downtrend in April this year to test the 200 SMA (Wave I in Elliott terms), retraced some 80% (Wave II) and then began its downward Wave III (confirmed by a sort of double top) which should take it to somewhere around 1.15/1.14 or lower.

Of course having the somewhat hawkish FOMC this week helped to push that Wave III in overdrive. And of course Wave III will have its own 5-wave journey of ups and downs.

And all of that will take months and months to play out.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 19, 2021, 12:54:15 PM


Clearly the move south did not end. Next week we may see more depreciation before a correction finally begins.
Title: Re: EUR/USD
Post by: fxopen78 on June 21, 2021, 12:03:39 AM
Yes, the price continues to drops, I think it because of FOMC and the rumor The Fed will increase the interest rate for next year. No gap occurs on this morning
Title: Re: EUR/USD
Post by: Eliza Abrams on June 21, 2021, 12:55:31 PM
It dropped to 1.1850. I wonder where it will finally find a proper support.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 22, 2021, 01:18:33 PM
1.1850 did prove to be a pretty strong support, now we may finally see some correction.
Title: Re: EUR/USD
Post by: fxopen78 on June 23, 2021, 12:14:24 AM
The pattern formed reversal, its arise and land at 1.19411 now
H1 at correction, expected to rise
Title: Re: EUR/USD
Post by: Eliza Abrams on June 23, 2021, 12:58:00 PM
The correction started as I thought it would, I think it may climb back to 1.2000.
Title: Re: EUR/USD
Post by: fxopen78 on June 23, 2021, 11:47:48 PM
The pattern still formed lower high, its bulls pattern, but movement tend to move in low range
H1 the price good setup as support

(https://charts.mql5.com/29/145/eurusd-h1-fxopen-investments-inc.png)
Title: Re: EUR/USD
Post by: Eliza Abrams on June 24, 2021, 02:22:54 PM
It's testing 1.1950 but so far it has not broken out above that level. It may still happen this week.
Title: Re: EUR/USD
Post by: fxopen78 on June 24, 2021, 11:03:24 PM
The price break below the trendline, but still in weak movement, Friday market where some trader like to avoid trading because the price often moves randomly, based theory, the price should to bearish because support zone is already broken, let see what happen later.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 25, 2021, 01:51:21 PM
By the looks of it we won't see a breakout above 1.1950 this week, unfortunately.
Title: Re: EUR/USD
Post by: diyforexskills on June 26, 2021, 09:29:35 AM
One would have to say that technically speaking, price is rejecting the 1.2 level and so we are likely to see a downturn; unless the fundamentals change.

The big number 1.2, the 200 SMA and the wicks on the last three daily candles have confluenced (if there is such a word).
Title: Re: EUR/USD
Post by: Eliza Abrams on June 28, 2021, 11:41:05 AM
It's consolidating around 1.1930 - 1.1940, this week it will probably be forming a correction.
Title: Re: EUR/USD
Post by: fxopen78 on June 29, 2021, 12:13:59 AM
The price move on the daily range for a few days market, the upper line might act as first resistance and the lower line could act as a support line, the price in the middle line, the risk still high
(https://charts.mql5.com/29/190/eurusd-h1-fxopen-investments-inc.png)
Title: Re: EUR/USD
Post by: Eliza Abrams on June 29, 2021, 11:53:31 AM
It dropped back down to 1.1900, next target will likely be the last low around 1.1850.
Title: Re: EUR/USD
Post by: diyforexskills on June 29, 2021, 01:17:05 PM
Guess that will depend on what LaGarde/ECB says tonight/today followed by US Consumer Confidence news.
Title: Re: EUR/USD
Post by: Eliza Abrams on June 30, 2021, 02:13:25 PM
Guess that will depend on what LaGarde/ECB says tonight/today followed by US Consumer Confidence news.

Thanks for that heads up, I didn't realize she'd be speaking.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 01, 2021, 01:32:22 PM


It retested 1.1850 and formed a double bottom there, a new move north will likely occur.
Title: Re: EUR/USD
Post by: fxopen78 on July 01, 2021, 10:20:33 PM
The pair move arise yesterday but then get selling pressure and land to support zone 1.18411
BB lines expanding its mean market in high volatility

(https://charts.mql5.com/29/224/eurusd-d1-fxopen-investments-inc.png)
Title: Re: EUR/USD
Post by: Eliza Abrams on July 02, 2021, 01:42:09 PM
Despite the double bottom, it dropped below 1.1850. It looks like it was a false signal for a move north.
Title: Re: EUR/USD
Post by: drunkfx on July 02, 2021, 07:09:05 PM
What do you think will be EURUSD direction after NFP release today
Title: Re: EUR/USD
Post by: fxopen78 on July 04, 2021, 11:21:44 PM
NFP giving temporary impact to the market, almost pair move very fluctuated, EURUSD move suddenly uptrend, then wavy down and rise again, another pair like as GBPJPy also get impact because of NFP news.
Title: Re: EUR/USD
Post by: drunkfx on July 05, 2021, 06:22:28 AM
Doji candle confirmed as a sign of growing buying pressure, the next price move is probably resistance at the previous high of 1.1950
Title: Re: EUR/USD
Post by: Eliza Abrams on July 05, 2021, 12:12:08 PM
I agree, we are likely to see a move north toward 1.1900 - 1.1950.
Title: Re: EUR/USD
Post by: fxopen78 on July 05, 2021, 11:21:31 PM
The price now landing at 1.18655, RSI daily on level 41, but in H1 RSI at level 51, yesterday the pair formed bulls candle but in a small body, buyer pressure still weak to push the price move to higher more, now H1 still flat with small bulls pressure.

(https://charts.mql5.com/29/258/eurusd-h1-fxopen-investments-inc.png)
Title: Re: EUR/USD
Post by: Eliza Abrams on July 06, 2021, 02:15:19 PM
I decided to wait it out for now, it's too undecided.
Title: Re: EUR/USD
Post by: fxopen78 on July 07, 2021, 12:24:17 AM
The price drops eventually, now at level 1.18202, its already on low-level price based on previous low
the price at the lower band line, its acts as a support zone on H4, but the line seems to start to expand with increasing volatility.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 07, 2021, 02:26:29 PM
It is depreciating after it broke out below the double bottom it had formed. I should've had more confidence in my analysis.
Title: Re: EUR/USD
Post by: fxopen78 on July 08, 2021, 12:43:03 AM
Price continues to drops, on weekly timeframe it's moving to near support zone that may act as a double bottom, maybe this is crucial zone, when the price on lower BB, ideally act as the support level, but t possible to breakout
Title: Re: EUR/USD
Post by: Eliza Abrams on July 08, 2021, 12:28:42 PM
It dropped to 1.1784 and bounced off of it, though the move south will likely eventually continue.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 09, 2021, 02:23:30 PM
It's climbing back up toward 1.1900 for now, let's see whether that resistance will hold.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 12, 2021, 12:28:02 PM
It bounced off from 1.1880.  We may see it depreciate back toward 1.1780.
Title: Re: EUR/USD
Post by: fxopen78 on July 12, 2021, 11:32:00 PM
Still indecision market in my view, but reversal pattern already become a potential long term to bulls, yesterday formed bears in a small body, now H1 RSI on level 52
Title: Re: EUR/USD
Post by: Eliza Abrams on July 13, 2021, 12:10:46 PM
I agree, the market is very undecided. It's stuck in a sideways consolidation.
Title: Re: EUR/USD
Post by: fxopen78 on July 13, 2021, 11:54:40 PM
The price eventually drops, even formed new low, usually after price move on large pips, it will retrace before continuing to the trend.
Title: Re: EUR/USD
Post by: drunkfx on July 14, 2021, 07:32:54 AM
The next stop for EURUSD is 1.16 as US inflation appears to be persistent and it will be much harder for the Fed to remain dovish right now.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 14, 2021, 01:34:18 PM
I think it is still very undecided and stuck in the range. For now it's climbing back toward 1.1850.
Title: Re: EUR/USD
Post by: fxopen78 on July 15, 2021, 12:19:49 AM
The price still in retrace, they now move up, reached middle BB on H4.
I think the price will move in the range between 1.18713 as high and 1.17714 as low
Title: Re: EUR/USD
Post by: Eliza Abrams on July 15, 2021, 12:51:50 PM
It depreciating back toward 1.1800 now. It's stuck in a sideways range alright.
Title: Re: EUR/USD
Post by: fxopen78 on July 15, 2021, 11:25:41 PM
The price rise awhile but then bounce to drops, now the price on the middle range, although H1 formed bulls candles
but the support as low range still far away 1.17805
Title: Re: EUR/USD
Post by: Eliza Abrams on July 16, 2021, 12:26:51 PM


It's testing the support at 1.1800, let's see whether it would drop below that level eventually.
Title: Re: EUR/USD
Post by: fxopen78 on July 19, 2021, 12:10:33 AM
There is no gap this morning, the price move in normal, the current price at 1.18100, It's possible the price move on the range as consolidation phase.
Title: Re: EUR/USD
Post by: fxopen78 on July 19, 2021, 11:25:03 PM
The price still move in the range of high to low market, although yesterday the price hit 1.18239 but eventually drops and back to middle range, the possible high still on 1.18400 with possible formed new low
Title: Re: EUR/USD
Post by: drunkfx on July 20, 2021, 08:02:18 AM
The price still move in the range of high to low market, although yesterday the price hit 1.18239 but eventually drops and back to middle range, the possible high still on 1.18400 with possible formed new low

Equity markets pullback will drive EUR low since investors are pulling out from risk assets and this event won't likely to be over in 1-2 days, more losses are ahead.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 20, 2021, 11:48:11 AM
The range continues for now though and there is no indication for a breakout for the moment.
Title: Re: EUR/USD
Post by: fxopen78 on July 21, 2021, 12:57:45 AM
The price still moves as usual previous range, although formed a bulls candle, but it has not yet formed a new high, bears tendencies still possible to continue.
Title: Re: EUR/USD
Post by: drunkfx on July 21, 2021, 07:56:57 AM
I don't see bull candle I see a huge bear candle hope this will be resolved this week after the ECB, I guess they should say something positive for Euro
Title: Re: EUR/USD
Post by: Eliza Abrams on July 21, 2021, 01:59:52 PM
Hopefully the fundamentals this week do cause a breakout because the range has lasted long enough already.
Title: Re: EUR/USD
Post by: fxopen78 on July 21, 2021, 11:46:18 PM
The price is still in daily range, but yesterday formed new high, this become resistance zone I think
but what happen later let see, this consolidation phase on H1.
Title: Re: EUR/USD
Post by: Eliza Abrams on July 22, 2021, 12:37:04 PM
It remains undecided still. So much about the range ending this week.
Title: Re: EUR/USD
Post by: fxopen78 on July 22, 2021, 11:25:38 PM
The price was already back to bottom-line as a support zone, yesterday the price move in higher volatility and reach a new high, but then drop again, if this zone has strong support, possible price moving up first
Title: Re: EUR/USD
Post by: Eliza Abrams on July 23, 2021, 01:34:09 PM
1.1760 - 1.1770 is a very strong support indeed, I doubt we will see a breakout this week.
Title: Re: EUR/USD
Post by: fxopen78 on July 25, 2021, 11:41:26 PM
There re small gap this morning, look at H1 there is one candle jump, where the open price is not the same as the close price from the previous candle, but the gap already recovered where the candle formed bullish
Title: Re: EUR/USD
Post by: Eliza Abrams on July 26, 2021, 11:52:19 AM
It bounced off from 1.1770 and is rather bullish at the moment, it may climb above 1.1800 to gear up for another attempt at the support at 1.1770.
Title: Re: EUR/USD
Post by: fxopen78 on July 26, 2021, 11:48:10 PM
Yes, it reaches 1.18166, now the price in consolidation close on upper band H4, it possible the price then bounce to drops
but if the level has broken, it might rise up
Title: Re: EUR/USD
Post by: Eliza Abrams on July 27, 2021, 12:00:26 PM
So far it's testing 1.1810 - the range is getting tighter and tighter, soon we should see a breakout.
Title: Re: EUR/USD
Post by: fxopen78 on July 27, 2021, 09:40:12 PM
Its break high and formed bulls candle, now the price get pressure to down,
still possible back to 1.1800
Title: Re: EUR/USD
Post by: Eliza Abrams on July 28, 2021, 12:14:50 PM


It's stuck between 1.1800 and 1.1770, that is a pretty tight range.
Title: Re: EUR/USD
Post by: fxopen78 on July 28, 2021, 11:46:17 PM
The price formed long body candle H1, its down then suddenly rise up, bulls pattern daily maybe starting to begin, but now level at 1.18433, its price move on an upper band that act as resistance
Title: Re: EUR/USD
Post by: Eliza Abrams on July 29, 2021, 12:51:33 PM
It broke out above 1.1800. I think it will rally to at least 1.1900 this week.
Title: Re: EUR/USD
Post by: fxopen78 on July 30, 2021, 12:48:44 AM
Yes, the price move uptrend very strong, it possible to reach 1.19000, bulls pressure on H4 still dominant
but price already increase very high
Title: Re: EUR/USD
Post by: Eliza Abrams on July 30, 2021, 03:28:41 PM
It briefly touched 1.0910 and bounced off from it, so far there is no breakout and there likely won't be one this week.
Title: Re: EUR/USD
Post by: fxopen78 on August 02, 2021, 12:13:50 AM
Price drops eventually on last week, in this morning there are small gap occurs and can to watch use M15 timeframe open price below the close price by the previous candle, I have no idea on Monday trading, usually movement still low, but not always.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 02, 2021, 01:41:15 PM
It is testing the resistance at 1.1900, hopefully there will be a breakout this week.
Title: Re: EUR/USD
Post by: fxopen78 on August 03, 2021, 12:11:27 AM
Price drops yesterday, now move at low points, H1 formed bulls pattern and price already touched lower band, its possible will rise again with target previous high
Title: Re: EUR/USD
Post by: Eliza Abrams on August 03, 2021, 12:32:58 PM
It's still testing 1.1900 but it is quite bullish, I think we may see a breakout soon.
Title: Re: EUR/USD
Post by: fxopen78 on August 04, 2021, 12:39:59 AM
Price drops and can't break the high, price very dynamic, before I think will break and continue to rise, but it's wrong.
now price on lower band level zone, H1 and H4 starting bulls candle.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 04, 2021, 12:06:25 PM


It looks like it is about to bounce off from 1.1900 again. The range apparently continues to develop.
Title: Re: EUR/USD
Post by: fxopen78 on August 05, 2021, 12:16:56 AM
The price continues to bullish and formed a new high, but suddenly the price drops again and landing at the previous low point, its form like a hammer, based theory its reversal candle pattern, but let see later on, if break the low maybe will bearish but if no, probably there are retracement.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 05, 2021, 12:46:38 PM
The pair is still stuck in a sideways consolidation. It may not end this week after all.
Title: Re: EUR/USD
Post by: Libson on August 05, 2021, 02:19:20 PM
The Euro fell from highs near US$1.1898 to lows near US$1.1832 and was near US$1.1835 at the US close.
Title: Re: EUR/USD
Post by: fxopen78 on August 06, 2021, 12:18:47 AM
Yesterday movement was so weak, I think most traders waiting for NFP news time releases on this week,
usually, impact the news make higher volatility in the currency, but difficult to ride it
Title: Re: EUR/USD
Post by: Eliza Abrams on August 06, 2021, 02:23:27 PM
I completely forgot the NFP is this week! Thanks for the reminder!
Title: Re: EUR/USD
Post by: diyforexskills on August 07, 2021, 09:08:24 AM
Sorry, couldn't resist this analysis from Orbex! I am just glad that I am following a EURUSD signal that has returned me 11% to date - only trading long.

"The EURUSD pair is developing a large bullish impulse. This impulse consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5).

Now the market is in an intermediate correction (4), which has a complex internal structure of a triple W-X-Y-X-Z zigzag.

Most likely, the level of 1.226 completed the second minor intervening wave X followed by a bearish market move in the wave Z. The wave Z hints at a triple zigzag consisting of minute sub-waves. The development of the last fifth sub-wave of the minute degree has now begun.

In the near future, a decline in the wave ⓩ to 1.160 is likely. At that level, the minor Z wave will be at 123.6% of the minor actionary Y wave.

Alternatively, the market recently completed the formation of the actionary minute wave ⓨ, which is part of the minor wave Z.

Thus, the currency pair could increase in price in the intervening wave ⓧ. It is possible that it will be equal to 61.8% of wave ⓨ. This means that it could end near the level of 1.204.

Only after the wave ⓧ is fully completed, market participants can observe a decline in the wave ⓩ below the level of 1.175 marked by the wave ⓨ."
Title: Re: EUR/USD
Post by: fxopen78 on August 09, 2021, 12:08:01 AM
Today morning, the price is 1.17518, based on the H1 candlestick pattern, bearish pressure is still formed, although this level as a support zone, seems to impact NFP still get in touch.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 09, 2021, 12:38:00 PM
It bounced off from 1.1740. So far the sideways consolidation continues, I think.
Title: Re: EUR/USD
Post by: fxopen78 on August 10, 2021, 12:27:30 AM
The price drops still, but H1 pattern this level price is 1.17349 as a support zone, it's possible to retrace to the completed wave before continuing the trend.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 10, 2021, 01:57:45 PM
It broke out below 1.1760, I think it will depreciate to 1.1650 - 1.1640 for now.
Title: Re: EUR/USD
Post by: fxopen78 on August 10, 2021, 11:54:05 PM
Bearish still drive on, daily timeframe RSI level 36, based theory it not yet shows oversold zone, meanwhile previous low at 1.17106 formed March, the zone close to support line
Title: Re: EUR/USD
Post by: Eliza Abrams on August 11, 2021, 12:32:29 PM


It has almost reached 1.1700. I think it will likely drop below that level.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 11, 2021, 09:50:43 PM
I hope this is not the start of another range, though it does kind of look that way.
Title: Re: EUR/USD
Post by: fxopen78 on August 12, 2021, 12:22:17 AM
The price is down but then gets buyer pressure, eventually candle-formed bulls yesterday, can be a reversal sign, but probably the price still walks on the range as indecision pattern.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 12, 2021, 01:16:38 PM
It's consolidating around 1.1740 once again. It looks like another range is starting. :(
Title: Re: EUR/USD
Post by: Eliza Abrams on August 12, 2021, 11:18:00 PM
As I thought, it's consolidating around 1.1740 - 1.1730. We won't see a breakout this week either.
Title: Re: EUR/USD
Post by: fxopen78 on August 13, 2021, 12:52:42 AM
Price level already formed on support zone, Friday market, maybe price will move randomly, but still in the range
based supply-demand theory, this is in equilibrium line.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 15, 2021, 06:27:58 PM


We may see some pullback once the market opens again, but the move north will likely continue developing.
Title: Re: EUR/USD
Post by: fxopen78 on August 16, 2021, 12:20:12 AM
Surprisingly the pair move the reversal point last week, out of my expectation that EURUSD will reversal time this week, there is no gap today, volume trading is still so weak.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 16, 2021, 12:50:52 PM
As I thought, it's forming a pullback. Or maybe it will drop back down 1.1700, at this point it's unclear.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 16, 2021, 07:40:27 PM
It started consolidating around 1.1770, we're going to see another range, will we?
Title: Re: EUR/USD
Post by: fxopen78 on August 17, 2021, 12:27:53 AM
Pullback already confirmed, now price move on the range H1, let see what happen later, price very dynamic
if the price breaks low, possible to drops again, but if the break high probably continue to rise.
Title: Re: EUR/USD
Post by: fxopen78 on August 17, 2021, 11:47:26 PM
The price eventually breaks low and the downtrend was confirmed to a formed a new low, now the price at the lower band and RSI level 28 on H1, pay attention to pullback.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 18, 2021, 12:15:27 AM
And it dropped back down to 1.1700. This is exhausting. :(
Title: Re: EUR/USD
Post by: Eliza Abrams on August 18, 2021, 11:14:28 PM
It's consolidating around 1.1700. I think now the question is whether there will be a proper breakout this week. Somehow I doubt it.
Title: Re: EUR/USD
Post by: fxopen78 on August 19, 2021, 12:58:18 AM
Price fluctuation included high yesterday but seems 1.16931 still become strong support on this range, but weekly based timeframe, the pair tend to formed bearish pattern.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 19, 2021, 01:48:20 PM
It dropped to 1.1670 after all, finally! I had already lost hope, haha. We may even see 1.1600 this week.
Title: Re: EUR/USD
Post by: fxopen78 on August 19, 2021, 11:09:22 PM
The price eventually drops as a continuation trend, seems USD get a pump on middle or long term, maybe because pandemic still increasing panic among investors and looking USD as safe haven.
Title: Re: EUR/USD
Post by: fxopen78 on August 22, 2021, 11:39:26 PM
Last week EURUSD formed a bulls candle, there is no gap occurs in this morning, but maybe many traders still waiting for the market pattern, because they have a reason if Monday's market, the trend is undefined.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 23, 2021, 12:31:17 PM
It seems bullish for now but that could be just yet another correction before it continues depreciating.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 23, 2021, 08:01:09 PM
It has climbed back up 1.1750 but that could be a pullback before another move south.
Title: Re: EUR/USD
Post by: fxopen78 on August 23, 2021, 11:53:08 PM
The price climbed and formed bulls candle eventually, it possible as a reversal pattern, because based on the weekly timeframe, the price zone already close to double bottom line, if today the price continues to rise, it's possible to become good reversal signal, but if price drops, it's possible to break low and become new resistance zone.
Title: Re: EUR/USD
Post by: drunkfx on August 24, 2021, 06:18:55 AM
What are your predictions guys for E/U after Powells sets forth its QE views on Thursday?
Title: Re: EUR/USD
Post by: Eliza Abrams on August 24, 2021, 01:55:40 PM


It's consolidating around 1.1740 but eventually it should continue depreciating, I think.
Title: Re: EUR/USD
Post by: fxopen78 on August 25, 2021, 12:09:33 AM
The price again continue to rise but in the smallest volume, H1 and H4 the price in the upper band line zone
but the line sloping up, its mean volatility rising
Title: Re: EUR/USD
Post by: Eliza Abrams on August 25, 2021, 07:17:13 PM


It's climbing back toward 1.1770. It looks like the consolidation will continue for now.
Title: Re: EUR/USD
Post by: fxopen78 on August 25, 2021, 10:22:27 PM
It still continues bullish, but now in H1, the rising movement takes in consolidation time, expected bullish still will be.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 26, 2021, 01:40:09 PM
It is bullish, yes, but for how long?
Title: Re: EUR/USD
Post by: fxopen78 on August 26, 2021, 11:39:45 PM
Prices are always dynamic, its drops, but does not exceed the previous low, now price concentrate on the range H1, it five hours price move upswing and downswing on the range, I still bet this will rise.
Title: Re: EUR/USD
Post by: fxopen78 on August 30, 2021, 12:44:32 AM
The high volatility market occurred last week, the price suddenly drops and then rising and formed the high, the Fed news tapering still become one consideration news by analyst market. there is no gap on this morning, but the price already moves slowly to rise
Title: Re: EUR/USD
Post by: Eliza Abrams on August 30, 2021, 01:36:10 PM
It remained bullish indeed. By the looks of it the pair may climb to 1.1860.
Title: Re: EUR/USD
Post by: fxopen78 on August 30, 2021, 11:56:36 PM
Volume demand of EURUSD still low, the price move on H1 range market, although reach new high but bullish pressure still so weak, in this condition I like to use buy limit at bottom range and put stop loss
Title: Re: EUR/USD
Post by: drunkfx on August 31, 2021, 06:49:23 AM
It appears that the price is ready for upside breakout of the downward trend channel, weak ADP or NFP may work as a catalyst.
Title: Re: EUR/USD
Post by: Eliza Abrams on August 31, 2021, 11:38:47 AM
The breakout has occurred already. It's about to push past 1.1830.
Title: Re: EUR/USD
Post by: fxopen78 on September 01, 2021, 12:38:39 AM
The price already touched an upper band, but then get selling pressure and formed long-tail candle,
but the pattern is still in bullish candle pattern-based candle formation, but ADP Non-Farm Employment Change news today could give a high impact on currency
Title: Re: EUR/USD
Post by: Eliza Abrams on September 01, 2021, 03:28:55 PM
It remains quite bullish for now, I think it may climbg a little bit higher.
Title: Re: EUR/USD
Post by: fxopen78 on September 02, 2021, 12:07:03 AM
Yes, seems still in bullish formation,
maybe NFP news this week will giving a big impact on EURUSD.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 02, 2021, 02:22:37 PM
It has almost reached 1.1860. I think we may see it climbing to 1.1900 too.
Title: Re: EUR/USD
Post by: fxopen78 on September 03, 2021, 12:25:57 AM
The bullish formation is still headed up, but I think if the price reaches 1.19000 this will become a critical zone as resistance. but let see the news may impact temporary movement.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 03, 2021, 03:45:51 PM
It reached 1.1900 as I thought it would. We may see it pass that level next week.
Title: Re: EUR/USD
Post by: fxopen78 on September 05, 2021, 11:43:43 PM
Monday morning, there is no gap occurs in EURUSD, the pair move like as usual, but still in a slow market, the impact of NFP news only in temporary movement,the price up quickly and higher volatile, it reach 1.1900, but then bounce back and now at 1.18804
Title: Re: EUR/USD
Post by: Eliza Abrams on September 06, 2021, 01:06:31 PM
It formed a pretty clear shooting star candlestick on the daily time frame at 1.1908, we may see a new move south after all.
Title: Re: EUR/USD
Post by: fxopen78 on September 07, 2021, 12:23:39 AM
The daily pattern is now in the consolidation phase, after the candlestick formed Pinbar, yesterday's movement formed bears candle, the price already on the upper band, need to pay attention for a reversal pattern.
Title: Re: EUR/USD
Post by: Jacob on September 07, 2021, 10:54:50 AM
The EUR seems to have backed up a bit from the 200 days EMA on Monday after showing some signs of a shooting star on Friday, and the USD has declined at an important level on the weekly chart.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 07, 2021, 03:25:38 PM
It's dropping like I thought it would. I wouldn't be surprised if it depreciates back to 1.1800.
Title: Re: EUR/USD
Post by: fxopen78 on September 08, 2021, 01:13:58 AM
Yes, the price is dropping now break the previous low, reversal signal already in touch, but let see what happens later, market forex remains dynamic, I vote the price continues to decline.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 08, 2021, 02:31:52 PM
 It has almost depreciated back to 1.1800. It may even drop below that level too.
Title: Re: EUR/USD
Post by: fxopen78 on September 09, 2021, 12:23:47 AM
Price drops continue to decline eventually, now the price is 1.18174. H1 timeframe shows the price move correction, based price history, support level still deep, H4 BB line look expanding, its mean volatility to increase.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 09, 2021, 01:58:22 PM
It bounced off 1.1800, let's see whether it will manage to break out below that level or that was the end of the depreciation.
Title: Re: EUR/USD
Post by: fxopen78 on September 09, 2021, 11:29:08 PM
Yes, the price bounce to 1.18406, but the high is still below the previous high, still unclear its will reversal to bullish or still in temporary bulls. in H1 the price now concentrate on the middle line.
Title: Re: EUR/USD
Post by: Jacob on September 10, 2021, 10:14:53 AM
The US dollar in European and US trade, the Euro fell from highs near US$1.1840 to lows near US$1.1804 and was near US$1.1820 at the US close.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 10, 2021, 03:02:12 PM
It is consolidating around 1.1830.  I think we may see it move north toward 1.1850 by the end of the week.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 11, 2021, 12:28:58 PM


It closed at 1.1812 again. Next week the move south may continue.
Title: Re: EUR/USD
Post by: fxopen78 on September 13, 2021, 12:04:05 AM
The market has begun, I don't see any gap this morning, the price move as usual, now the price is 1.1811, expected to will occurs continuation trend on this week.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 13, 2021, 01:14:01 PM
As I thought, it continued depreciating. I think it may drop all the way to 1.1680 in the foreseeable future.
Title: Re: EUR/USD
Post by: fxopen78 on September 14, 2021, 12:48:22 AM
The price eventually drops but then there is buyer pressure and formed long-tail candle, now price back to the previous low, what happens later maybe price will move at H1 range prices.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 14, 2021, 01:07:18 PM
It's consolidating around 1.1810. So far it's pretty undecided, I think.
Title: Re: EUR/USD
Post by: fxopen78 on September 15, 2021, 12:36:41 AM
Yes, the price is back to 1.18010, this is like in the equilibrium area, the candle formed a long tail again as seller pressure. i think the price still move in the range of 1.1850 and low 1.17664
Title: Re: EUR/USD
Post by: Eliza Abrams on September 15, 2021, 02:09:21 PM
 It bounced off from 1.1800 again. Let's see if it will climb back to 1.1900.
Title: Re: EUR/USD
Post by: fxopen78 on September 16, 2021, 12:15:32 AM
The price still move on the previous range, although climbing but it's not yet formed a new high and bounce back to equilibrium zone level 1.1800, still possible the price move on the daily range
Title: Re: EUR/USD
Post by: Eliza Abrams on September 16, 2021, 02:01:15 PM
Thankfully, the bounce was a false alarm. It broke out below 1.1800 and it is now depreciating back toward 1.1740, I think.
Title: Re: EUR/USD
Post by: fxopen78 on September 17, 2021, 12:08:19 AM
Very surprising, the price drops drastically and breakout previous low, I don't have any idea on this, my position dragged and enforce to close in loss, now downtrend already weak and in a consolidation phase.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 17, 2021, 03:52:48 PM
The move south continues for now. It's testing 1.1740 and it will likely drop below that level too.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 18, 2021, 01:10:15 PM


It closed at 1.1730 and next week it may continue depreciating, I think.
Title: Re: EUR/USD
Post by: drunkfx on September 18, 2021, 06:40:15 PM
Why? Because of the Fed meeting. It has very high uncertainty however in the light of recent US data, yeah hawkish outcome is likely, however it is priced in.
Title: Re: EUR/USD
Post by: fxopen78 on September 19, 2021, 11:50:13 PM
EURUSD now at 1.1755, no gaps I see on the chart, maybe right the Fed meeting become the reason the price move to drops, I have read about tapering the Fed may giving impact to the global market.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 20, 2021, 01:08:57 PM
It dropped to 1.1700 and it remains quite bearish. It's possible it will break out below that level too.
Title: Re: EUR/USD
Post by: fxopen78 on September 20, 2021, 11:57:15 PM
Yesterday's price formed a new low of 1.16995, but then bounce and landing at 1.17272, now based on the H1 price move in the range of 1.7353 to 1.17140, seems this is a support zone in the daily timeframe, where the price is in consolidation.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 21, 2021, 01:34:42 PM


It certainly found some support at 1.1700, we may see a pullback to the north in the next few days, I think.
Title: Re: EUR/USD
Post by: fxopen78 on September 21, 2021, 09:43:16 PM
The price still move in the current zone, although yesterday rising but still in temporary movement,
seems this zone is a place where buyer and seller fighting and in undecided trend,
Title: Re: EUR/USD
Post by: fxopen78 on September 23, 2021, 01:08:27 AM
The price eventually breakout the low and continue to decline, it is still possible during tapering off the Fed to make strong USD, now price on previous low and maybe act as next support zone based technical.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 23, 2021, 03:15:27 PM


    It's back above 1.1700. The consolidation will likely continue until the end of the week.

Title: Re: EUR/USD
Post by: fxopen78 on September 23, 2021, 11:47:12 PM
Daily timeframe formed bullish candles yesterday, now the price move on high level previous daily candle, the next scenario if price break high, could possible become reversal pattern, if hard to break, possible price move on the daily range.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 24, 2021, 05:16:15 PM

It bounced off from 1.1700. As I thought, the consolidation will likely last until the market closes.
Title: Re: EUR/USD
Post by: fxopen78 on September 27, 2021, 12:06:28 AM
I don't see any gap occurs in this morning, candlestick like as usual, just look the daily pattern.
seems this is a consolidation zone, this area is a support zone.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 27, 2021, 01:31:49 PM
It formed a double bottom at 1.1680, we may see a significant move to the north again after all.
Title: Re: EUR/USD
Post by: fxopen78 on September 28, 2021, 12:44:46 AM
The price back to the low, two times rejection in this zone, if the price success to break low, possible bearish will continue, but if hard to break, the price maybe will bounce to rise.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 28, 2021, 01:24:24 PM
So much about the double bottom, it broke out below that level and it is now depreciating further toward 1.1650.
Title: Re: EUR/USD
Post by: fxopen78 on September 29, 2021, 12:38:04 AM
Price break low and continue bearish but in a small wave, H1 price move and formed triangle pattern
weekly timeframe look in bearish pressure.
Title: Re: EUR/USD
Post by: akev on September 29, 2021, 10:19:36 AM
I mostly trade with the EURUSD currency pair, and the euro seems to be dropping, and the GBPUSD pair is likely to rise above it. What are your thoughts and Analysis on it?
Title: Re: EUR/USD
Post by: Eliza Abrams on September 29, 2021, 03:53:09 PM
EUR/USD is falling like a rock at the moment. Personally, I think it will reach 1.1600 and may break out below that level.
Title: Re: EUR/USD
Post by: fxopen78 on September 30, 2021, 12:03:39 AM
Yes, it really drops eventually, the price break the low and drops drastically.
A long body candle formed, maybe it will retrace.
Title: Re: EUR/USD
Post by: Eliza Abrams on September 30, 2021, 02:51:39 PM
It broke out below the last low from last year at 1.1600. It's more or less in freefall right now.
Title: Re: EUR/USD
Post by: fxopen78 on October 01, 2021, 12:15:28 AM
The price continues to bearish, look monthly timeframe, during September price drops formed long candlestick body.
Now let see in October, still possible to continue bearish.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 01, 2021, 03:47:56 PM
The last low, formed in March last year, was at 1.0630. I doubt it could drop that low without any of serious correction, but we will have to wait and see.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 02, 2021, 02:04:52 PM
 It dropped to 1.1560 before the market closed. Even if we see some retracement next week it will likely remain very bearish.
Title: Re: EUR/USD
Post by: fxopen78 on October 04, 2021, 12:46:00 AM
Last week price formed bulls candles, the price indeed already too low, it possible on this week will retrace,
at present H1 figures out the bull candle, it already breaks high, but let see what happens later.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 04, 2021, 01:49:55 PM
It found some support at 1.1560 and bounced off from it. After such a drop some correction is expected, but I think it remains bearish in the long-term.
Title: Re: EUR/USD
Post by: fxopen78 on October 04, 2021, 11:24:18 PM
The pattern formed reversal candle, if use Elliot wave theory, the next wave may occur to bullish but not exceed the previous higher.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 05, 2021, 01:27:43 PM
It's consolidating around 1.1600, so far it's quite undecided. That said, I do think we'll be seeing a correction to the upside.
Title: Re: EUR/USD
Post by: fxopen78 on October 06, 2021, 12:20:21 AM
The price drops now consolidation in H1 timeframe, based weekly indeed tend to bearish
Title: Re: EUR/USD
Post by: Eliza Abrams on October 06, 2021, 03:23:53 PM
It remains very bearish. I think it will soon depreciate further to 1.1500.
Title: Re: EUR/USD
Post by: fxopen78 on October 07, 2021, 12:04:54 AM
Yes. It breaks low and formed a long body candle, moving average show downtrend, volatility increase based Bollinger band line, amid US inflation but the currency gets strongest.
Title: Re: EUR/USD
Post by: drunkfx on October 07, 2021, 06:39:50 PM
It remains very bearish. I think it will soon depreciate further to 1.1500.

Yeah it currently consolidates before it starts to test major support levels as 1.15. Possible it should happen after NFP release.
Title: Re: EUR/USD
Post by: fxopen78 on October 07, 2021, 10:30:10 PM
NFP news currently often giving temporary impact, the trader needs to be carefully handy the news impact, almost technical trader stay away from news time because risky.
Title: Re: EUR/USD
Post by: Carlos55 on October 08, 2021, 11:34:17 AM
The EURUSD price formed a bull candle last week, and the prices seem to be lower than usual. My advice to traders would is to be careful and watch out when trading with EURUSD.
Title: Re: EUR/USD
Post by: fxopen78 on October 11, 2021, 01:02:57 AM
I can see on M5 there is gap down occurs, but the price already recovers the gap.
moving average still shows bearish but in h1 price move on BB line.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 11, 2021, 02:01:22 PM
It's consolidating around 1.1560 at the moment but I think we'll see another depreciation this week, possibly after some retracement.
Title: Re: EUR/USD
Post by: drunkfx on October 11, 2021, 07:54:25 PM
It's consolidating around 1.1560 at the moment but I think we'll see another depreciation this week, possibly after some retracement.

Do you still expect that it will continue sliding. Dollar gains are apparently fizzling out as 94.50 looks unsurmountable barrier.
Title: Re: EUR/USD
Post by: fxopen78 on October 11, 2021, 10:47:49 PM
Take a look monthly, two months pair tend to bearish, and possible to continue, I think crisis energy in several countries in Europe giving impact to currency, the high inflation rate could to make currency drops
Title: Re: EUR/USD
Post by: Eliza Abrams on October 12, 2021, 01:51:05 PM
As I thought, the move south continues, there wasn't even a retracement before that. Next target, I think, is around 1.1500, but it will likely break out below that level too.
Title: Re: EUR/USD
Post by: fxopen78 on October 12, 2021, 11:13:39 PM
The price eventually drops and breaks the previous low and formed a new low.
I think Euro is still in problem, there are some countries in Euro face crisis energy and still not yet over
Title: Re: EUR/USD
Post by: Eliza Abrams on October 13, 2021, 04:28:08 PM
It found some support at 1.1520, but I think after some correction it will keep falling. It has broken below every major support so far and the way down is clear.
Title: Re: EUR/USD
Post by: fxopen78 on October 13, 2021, 11:05:05 PM
The reverse condition occurs yesterday, the price formed bulls candle as buyer increase volume, EURUSD now prices 1.15978, h1 timeframe shows the price in bulls market, but long term trend still in question, because monthly and weekly-based timeframe still in bearish.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 14, 2021, 03:07:39 PM


It bounced off from 1.1525 and we may see some correction, but I think it remains bearish for now.
Title: Re: EUR/USD
Post by: fxopen78 on October 14, 2021, 11:55:41 PM
Yesterday's market, price heading to 1.16236 level price, but then get a push from the seller and the price back to 1.15970, its formed long wick candle, H1 shows the candles in a row move on the small range for last five hour.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 15, 2021, 03:02:52 PM
It's consolidating after the big drop, but I doubt we will see any big changes this week before the market closes.
Title: Re: EUR/USD
Post by: fxopen78 on October 17, 2021, 11:51:40 PM
Today morning, I don't see any gap occurs in ERUSD, the chart looks normal, my main focus is 1.15800 price levels
this seems like a strong support on few recent days, if this level price breakout occurs, probably bearish will win,
Title: Re: EUR/USD
Post by: Eliza Abrams on October 18, 2021, 02:50:20 PM


It's forming a correction at the moment, I think next target would be around 1.1630.
Title: Re: EUR/USD
Post by: fxopen78 on October 18, 2021, 11:22:41 PM
Now price at 1.16109, this is a high-level zone in an H1 price in a range market, it possible the price will break high and formed bulls market on this week, because harmonic pattern becomes nice pattern with ABCD, but market always dynamic, maybe wrong.
Title: Re: EUR/USD
Post by: akev on October 19, 2021, 09:00:35 AM
What is the current state of the EURUSD currency, and has anyone felt a drop in the last week trades? It would be helpful if anyone could share their chart on their previous week trades with EURSUD.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 19, 2021, 02:00:49 PM
It climbed to 1.1670 and pulled back from that level, although I doubt the correction would be this shallow.
Title: Re: EUR/USD
Post by: fxopen78 on October 19, 2021, 11:48:33 PM
Bulls pattern now seems dominant, now H1 price at 1.164350, the price move closest to lower band and figure bulls candle on the last time, expected the price still rising today.
Title: Re: EUR/USD
Post by: fxopen78 on October 20, 2021, 08:58:49 PM
The price still moves in bullish, but not yet break previous high, the pair prices still move on the range, although candlestick formed bulls candle, based BB, now price at the upper band, possible will bounce to decline.
Title: Re: EUR/USD
Post by: fxopen78 on October 21, 2021, 11:52:37 PM
EURUSD drops yesterday, after reaching new high eventually seller dominating market and success to formed bearish candle, now price landing at 1.1636, H1 timeframe the pattern formed double bottom and price move at the lower band, based BB it possible price will rise, but if price break low, the double bottom will become a bearish signal.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 22, 2021, 04:55:21 PM
I was expecting a move south after the double top around 1.1670 but it's clearly stuck in a sideways consolidation for now. We'll see how it develops next week.
Title: Re: EUR/USD
Post by: fxopen78 on October 25, 2021, 12:01:19 AM
There is the small gap we can see on the M5 timeframe, but now the gap is already covered and the price looks normal again, now price closest to the upper band line, while RSI level value is 54, I think the price still moves in the range daily.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 25, 2021, 04:30:58 PM


It's pretty bearish as I thought it would be, I think it will likely drop to 1.1550 next.
Title: Re: EUR/USD
Post by: drunkfx on October 25, 2021, 06:54:36 PM
It seems that Euro has been sold off before the ECB meeting.
Title: Re: EUR/USD
Post by: fxopen78 on October 25, 2021, 10:45:24 PM
Powell already emphasizes tapering off, I think the impact will be long term, now price 1.16100, retracement still possible occurs, opening week formed bears candle, could lead sellers to arise.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 26, 2021, 02:12:58 PM
It bounced off from 1.1590, so for now the consolidation continues. I still think the overall trend is bearish though.
Title: Re: EUR/USD
Post by: fxopen78 on October 26, 2021, 10:58:02 PM
EURUSD drop again yesterday, based on price history, the support zone still has a large distance from the current price, now based H1 timeframe, the BB line already expanded as increase volatility, but now price is still in a retracement, I don't know where price will move, but I still vote this bearish.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 27, 2021, 04:03:53 PM
It is quite bearish again today, but it is yet to break out below 1.1600 properly. I think it is a matter of time though.
Title: Re: EUR/USD
Post by: fxopen78 on October 27, 2021, 11:34:27 PM
Yesterday market prices are wavy, up and down but still move on the previous range daily, price drops but then get a push from the buyer and make the price land to formed bulls candle, after price reach previous high, then drops again.
Title: Re: EUR/USD
Post by: Eliza Abrams on October 28, 2021, 03:15:00 PM


I was convinced the move south would continue but clearly the correction is not over yet and I was wrong. It looks like next target is around 1.1700.
Title: Re: EUR/USD
Post by: fxopen78 on October 28, 2021, 11:37:10 PM
It's very surprising the price EURUSD surging and formed a new high after a downtrend along early week, before I predict the price still will continue to drops, but it is not, the price soaring very high and formed long body candle, there are opinion if this occurs because ECB monetary policy announcement
Title: Re: EUR/USD
Post by: Eliza Abrams on October 29, 2021, 04:04:52 PM
Now it's back to 1.1570, the consolidation clearly continues. I doubt it will end this week.
Title: Re: EUR/USD
Post by: fxopen78 on October 31, 2021, 10:08:29 PM
Very high volatile, EURUSD drop again after formed new high, and the price formed new low, what happens actually still wondering to get reason, I think now price already on support zone, let see what happen later.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 01, 2021, 03:29:47 PM


As I thought, the consolidation continues. Next target is likely at 1.1600.
Title: Re: EUR/USD
Post by: drunkfx on November 01, 2021, 05:30:34 PM
It seems that Euro has been sold off before the Fed meeting. Big news are coming on Wednesday!
Title: Re: EUR/USD
Post by: fxopen78 on November 01, 2021, 10:26:46 PM
After the price drops on last week, now we can see if the price move to rise again, I just think 1.1550 level price become support zone, bullish candle already reach half of the previous body candle, price now closest to middle band, H1 formation still bullish.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 02, 2021, 02:54:48 PM
I think once the results of the Fed meeting become clear we will see a clear direction. Until then we'll just have to sit and wait.
Title: Re: EUR/USD
Post by: fxopen78 on November 02, 2021, 10:12:49 PM
There is retracement after rising price, I think this zone is in the equilibrium zone, where the buyer and seller still doubt and make the price move on the small range, H1 shows the price move on the range.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 03, 2021, 03:15:28 PM
The FOMC statement should come out soon, I doubt we will see any major movements before that.
Title: Re: EUR/USD
Post by: fxopen78 on November 03, 2021, 10:44:07 PM
The price is still in the daily range, the price now reach on the previous high, this will become a crucial zone for EURUSD, H1 timeframe in correction time, its several time rejection on 1.16150, the price could to drop if the level hard to breakout
Title: Re: EUR/USD
Post by: Eliza Abrams on November 04, 2021, 03:16:06 PM


It broke out below 1.1550, I think it will continue depreciating to 1.1500, perhaps even below that level.
Title: Re: EUR/USD
Post by: fxopen78 on November 04, 2021, 11:00:02 PM
The price eventually drops yesterday and formed a new low, now the price at the lower band, if this zone becomes strong support hence price probably will rise again.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 05, 2021, 04:40:20 PM
It bounced off from 1.1520, I doubt we'd see a breakout below 1.1500 this week.
Title: Re: EUR/USD
Post by: fxopen78 on November 07, 2021, 11:10:58 PM
Today morning there are a gap occurred on the M15, but now I see the price move to recover the gap, the price is easy to change, although RSI value 47 but the price pattern in the simple eye in bullish, and move on the middle band, still indecision too much risky.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 08, 2021, 03:48:12 PM


The pair remains very undecided today, but it's Monday, and that is normal for this time of the week.
Title: Re: EUR/USD
Post by: fxopen78 on November 08, 2021, 09:13:00 PM
The price is in a bullish pattern,  I think it is possible to reach 1.16000, the next resistance-based history at a level price 1.16100, if the resistance level zone breakout, it is possible to further movement to find the next resistance level.
Title: Re: EUR/USD
Post by: drunkfx on November 10, 2021, 06:49:12 PM
After today's CPI surprise I think USD has solid prospects to break through recent highs, EURUSD may break 1.15 respectively.
Title: Re: EUR/USD
Post by: fxopen78 on November 10, 2021, 10:10:27 PM
The price eventually rejected on resistance and drops very sharply, maybe report index dollar decline influenced USD, now the price success to formed new low, but the trend not in one direction, usually there is retrace before trend continuation.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 11, 2021, 04:26:25 PM
It broke out below 1.1500 after all and it remains quite bearish, we may see it drop further to 1.1400 this week.
Title: Re: EUR/USD
Post by: fxopen78 on November 11, 2021, 10:56:54 PM
The price continues to drop, the pair has higher volatility on the week, weekly and monthly timeframe indicates the trend tendencies to bearish, now price on lower band H1, Friday market often moves randomly.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 12, 2021, 04:45:51 PM
It remains very bearish. I think next week we may see a further move south. I wonder whether it will drop below 1.1400 too.
Title: Re: EUR/USD
Post by: fxopen78 on November 14, 2021, 10:23:07 PM
Yes, seems long term bearish, but should beware the price movement is always up and down, in a bearish market could the price move to rise if traders take orders in bad place could disturb emotion, EURUSD already drop sharply, it possible to retrace
Title: Re: EUR/USD
Post by: Eliza Abrams on November 15, 2021, 02:12:01 PM
It remains very bearish today and it is testing 1.1435 again. I think the move south will continue this week.
Title: Re: EUR/USD
Post by: fxopen78 on November 15, 2021, 10:19:14 PM
I don't have a word on EURUSD, its drop continue downtrend, its only small retrace occurs, usually compared to GBPUSd both pair has similar movement, but now there is a big difference, Euro decline deep for June
Title: Re: EUR/USD
Post by: Eliza Abrams on November 16, 2021, 02:18:09 PM
 It has dropped to 1.1330 and it remains quite bearish, I think it will likely drop to 1.1300 soon too.
Title: Re: EUR/USD
Post by: drunkfx on November 16, 2021, 06:07:53 PM
There is strong support zone near 1.13, lower bound of major downtrend I think further downside will meet much resistance.
Title: Re: EUR/USD
Post by: fxopen78 on November 16, 2021, 09:24:08 PM
It still drops, now the price 1.13164, strong bearish trend, now RSI value 29, entering oversold zone-based indicator, but when strong trending, sometimes indicator not work properly.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 17, 2021, 04:15:19 PM
I think we may see some correction after the latest drop, but after that there will likely be a new move south.
Title: Re: EUR/USD
Post by: fxopen78 on November 17, 2021, 10:41:38 PM
Its formed long-tail candle yesterday, called pin bar, but now H1 price movement in correction, based pin bar theory its reversal signal, but not all pin bar will be valid. let see next.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 18, 2021, 02:37:52 PM
I noticed it too. We may see some correction after this big drop.
Title: Re: EUR/USD
Post by: fxopen78 on November 18, 2021, 10:49:39 PM
Now the price move on H1, its flat condition after move correction, its become equilibrium area, where demand and supply balance, when condition breakout, maybe will get a clear movement later.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 19, 2021, 03:35:38 PM
It barely managed to move north and is now back to testing the support at 1.1250. The pair is very bearish still.
Title: Re: EUR/USD
Post by: fxopen78 on November 21, 2021, 10:30:56 PM
There is a small gap that only can be seen on the small timeframe, now price 1.12844, still, low volume trading make the pairs seem not to move, I think this level on support zone, some European countries now still fight with virus outbreaks this is less good for economic growth.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 22, 2021, 03:22:41 PM


The pair continues depreciating this week, as I thought it may, next target is likely around 1.1200.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 23, 2021, 02:20:16 PM
 It found some support at 1.1230 but it remains quite bearish for now. So far I don't see any signal that it is about to start a major correction.
Title: Re: EUR/USD
Post by: fxopen78 on November 23, 2021, 08:35:35 PM
Correction time for now, the pair move on H1 timeframe, Bb line become support and resistance
for long term, maybe still major bearish.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 24, 2021, 02:18:02 PM

It dropped below 1.1300 as I thought it may. The last low is all the way down to 1.0630, formed in March 2020. It'd be interesting to see if it depreciates to that level eventually.
Title: Re: EUR/USD
Post by: fxopen78 on November 24, 2021, 09:57:59 PM
Seems the price still continue to drop, maybe European countries still face so many problems for recover economy and still face difficulties, the decline already begin five months during pandemic in 2021
Title: Re: EUR/USD
Post by: Eliza Abrams on November 25, 2021, 04:51:02 PM
It looks very bearish, I agree. We'll probably see it depreciate below 1.1300 soon.
Title: Re: EUR/USD
Post by: drunkfx on November 25, 2021, 06:00:09 PM
Support at 1.1170 look quite solid also almost all bullish catalysts on USD have been priced. Only equities correction can help  it to shoot higher
Title: Re: EUR/USD
Post by: fxopen78 on November 25, 2021, 10:35:40 PM
The price today, EURUSD still in low trading volume, yesterday movement still move inside the bar, the next trading scenario, if price break low, then possible continue bearish, but if break high, maybe temporary bullish occurs.
Title: Re: EUR/USD
Post by: Eliza Abrams on November 26, 2021, 02:57:37 PM


    It pulled back from 1.1200 and I think next week we may finally see some correction forming.

Title: Re: EUR/USD
Post by: drunkfx on November 26, 2021, 05:20:52 PM
Yes I also expect rebound to pull the price at least towards to major bearish trendline, should be around 1.15 level