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Longeuro

Long EURUSD from the strong support / resistance zoneEURUSD price is in the range that has acted as strong resistance / support zone since 2015. I expect this zone to be respected. I expect EUR to recover 100pips+ from this region and then continue sell down. I am still bearish on EUR due to crisis in Turkey. Italy politics is also not giving any reason to celebrate. In addition I see that volume is reducing during bearish candles while volumes are really high for green candles. Another reason for us to go long.
by thedealbuddy
EURGBP Short-term buy! 0.89 level in sightGood Afternoon Traders, Whilst a buy opportunity presented itself earlier into the week, if you haven't found an entry, not to worry as the EURGBP looks to be setting up for another impulse to around the 0.89 level. Price is currently moving within a around a 2-week correction and we could find this breakout to the upside happening sooner rather than later. With the bears weighing in on the GBP, the move may be accelerated thus close attention should be payed. I will be providing more updates on this pair as we progress through and out of the correction along with my entry level, stop and tp. Good luck trading! @BrightForex
Long
by IkeOkeke
Buy the Breakout EUR/USD Bullish ExpectationHi guys, Here some analysis on the EUR/USD pair: After some macro indicator such as a stronger non farm payroll in USA which showed higher wages, the DOLLAR got stronger and we saw a correction on this pair. Technically, the price has rallied since a long time and this might be just a natural correction. Currently, the trend is still up and I expect the price to go up around 1.22 where there will be some resistance and perhaps a consolidation and eventually a breakout. Here is the trend set up: - A nice consolidation has been formed + a DB - We can see a front running indicator,higher low supported by a big green engulfing candle - The price is lying on the upwards trend channel - Put a BUY LIMIT on the breakout of the consolidation, around 5 pips. - Risk reward around 1:1.8 targeting the major DAILY resistance, around 1.21-22 If you liked my analysis feel free to leave a comment or a like. Cheers, Sebastiano
Long
by Sebatrader1
1
EURUSD potential 2618 trade setup on 4H chartWe are already in the killzone to buy here at market prices. The orignal idea and setup was to buy at the 61.8 which would have been the aggressive option. But looking at the sharp reversal from recent highs, particulary visible on the weekly and daily chart I would suggest a more conservative entry here. It was worth the waiting as we have blown way past the 61.8% retracement. Right now we have a splendid risk/reward profile and I would be a buyer if we get a double bottom on the hourly time frame and then a higher high higher close candle. I expect this will lower the R/R but at least it leaves one more comfortable. On the other hand, those who reduce their stops after a double bottom could increase their R/R instead.
Long
by PHL