EUR/USD

[RVD Support 8]

This Thread is made for the discussion of Eur versus USD.
You can give here forecasts, explanation about the market And Technical Analysis.

[saiansh23]

one thing I would like mention to bears that We must break below the important support 1.3025 for the move towards 1.2800 strong support And a break below 1.2800 would good enough for the strong bearish pressure on euro Because current zigzag is unfolding may be it has ended with the test of 1.3440 or we need a one more push a break below 1.3020 will be a strong indication and Low risk reward opportunity for short term trade with stop around 1.3120 will be 1:3 risk reward ration And If we are allowed a bounce of here then probably we need a break above 1.3740 to know what is unfolding But we should allow a move towards 1.3710 because wave 2 is allowed to retrace 100% of wave1 but not a one pip beyond So expect a bounce towards 1.3172 But no countertrend moves When pair is under immense bear pressure.

So watch a bounce and if we are rejected again from1 .3172 then a break below 1.3020 would be more appropriate for short traders
Check the chart meanwhile

Regards

[saiansh23]

If we manage to stay below 1.3004 today which is extreme support of the prior breakout
I would put my stop to 1.3090 and target would 1.2890 which is 100 pips so 1:1 risk reward ratio is here
But I want it to be broken today and entry to be click today as We have no trade this week I expect this one to click as No trades this week Best and high probability trade and from 1.2890
I would expect a rally towards 1.3056 and the decline will continue towards the lows again
check the chart

possible test of 1.2927 then 1.30000 then I will short with stop around 1.3070 and TP should be 1.2800 to be exact

[andry777]

The pair is moving in sideways condition and my prediction, this condition will keep on sideways until tomorrow and it is possible that condition will keep moving in sideways (with higher range) until NFP news. From my experience, the movement of price has tendency in movement sideways (especially EUR/USD) for several days when it is close with NFP news. I don't quite like with this condition because I got more losses when the price is moving in sideways.

[topman]

Today this pair can made a significant retracements and a breakout of 1.30496 will call 1.30868 then targetting 1.31515. But, if it pullback then we can see level 1.29467 again. Beside that, a trend tunnel still showing a bearish trend and it still realible there. A bearish expansion would be forward to 1.29467 or 1.27801. Please check this chart below here :

[saiansh23]

The earlier one remains my favourite count Because IF it is a one then we should soon see a break below support 1.2990 and towards 1.2800 strong support But if 1.2990 protect the downside Then I have an alternate count of Wave A at 1.2990 low and looking for B towards possible 1.3160sh area and Then C towwards the 1.2800 Let see What happens But surely a break below 1.2990 would be powerful decline As wave C often is the powerful wave of The correction I will update my weekly Chart on Sunday Lets take a look the prefer as there is always probability that we found something out of every chart But sometime break is so powerful that you never get the opportunity But you can always catch the next one Because it is better to stay away rather than on a loosing and enter before confirmation

Check the chart
Regards
Happy weekend and Happy monthend
Happy Piping

[topman]

After broke the barrier 1.30496 then we need to change the setup into bullish now, and the bullish projection is to reach 1.31050 or 1.31515 as a strong resistance so far. A bullish setup will be invalid after the price breakout barrier 1.30002. Further more, a trend tunnel slopes are still flat there and the range created 45 points, usually this pair can make more over 60 points.

[saiansh23]

price has done nothing just test the prior support again but could not breached so yesterday chart is still my favourite count for the pair but any break below 1.2990 will means that prior abc chart works well for the target 1.2800 but if alt count is right then we should see a rise towards 1.3160 area before final wave C as Wave C is the most powerful wave of correction so dont miss that If you miss the earlier swing wave C at 1.3177 so be cautios and remain patient will fetch you another opportunity

have a nice weekend and Month-End as well
Regards
Check the chart

[vetman85]

As you see in my following chart, The descending channel has been broken @ 1.3355 then the pair has fell down extremely and reached the expected target which must be @ 61.8% fibo level for the last bullish trend, more bearish movements are still expected and the next awaited target will be @ the next support level which located @1.2814.

[saiansh23]

Nothing much has happened today with 1.2990 still intact this is still my favourite count one a rise towards 1.3156 is over we should see a power rally through 1.2990 or we go straight through 1.2990 and then test of 1.2880 is almost confirmed. So check the And enjoy the weekend
Regards

[hafnaoui]

pivot point is at the level of 1.3100.
My opinion: Sell the pair below the level of 1.3100 with the target levels of 1.27 – 1.28.
Alternative scenario: Breakdown of the level 1.32 will enable the pair to continue growth to the levels of 1.33 – 1.34.

[topman]

This pair is still in a slighty bullish trend and it still weak here. So, after rebounced from barrier 1.30635 then it might be going down to reach and challenge 1.29919 on the downside. They are become important keys trading for today's trade. A breakout of that keys, then it will give a strong rally and formed a strong today's trend.

Chart :

[saiansh23]

Ya my dear daily trend is down but 1.2985 is way extreme to be broken and it has been the positiion for last three days And as far as it is holding I am expecting a bounce towards 1.3160 But I am not recommending any long position As I dont have any countertrend moves THis wave cycle completes at 1.2800 And I would be waiting and dyeing to go short if 1.2985 breaks As I have waited that breakout from 1.3320 high breakout
But as long as it stays ahead I wont interfere in Euro specially in Euro rate decision week
Regards
Check the chart

[kashifrehman]

In the opening of London session this pair fall 50 pips sharply and it touch most important resistance.

From here it will be better to take a entry

Buy 1.3023 TP1 1.3085 TP2 1.3315 SL 1.2970

Close half of your position when it touch to 1.3085 and move your stop for the reaming at break even.

[topman]

The price is still rejected from red zone there, and trend tunnel slopes showing a bullish sign. Thats good enough reason to trade on bullish setup again. The upside target is set on 1.30635 and the stop level or stop lost set on 1.29468. For further confirmation, a breakout of 1.31083 will make strong bullish rally and a breakdown of 1.29468 will make strong bearish rally.

Chart :