Category Archives: EUR/USD

EUR/USD Trend Lines In Confluence With POC Zone

Nenad Kerkez

The EUR/USD is in a strong bullish trend and as we can see on the chart the price has pierced through 1.1800 driven by risk sentiment and the Spain situation. Today FOMC meeting minutes are the most important event so we might see two-way price action. At this point the price is still going up straight from the trend line and 23.6 fib. Continuation above 1.1855 aims for 1.1880 and 1.1895. However, if the price gets in a retracement phase watch for 1.1760-75 zone (D L4, EMA89, trend line, ATR low, W H3). Targets remain the same if the pair breaks 1.1810 on the bounce up. Only a move below 1.1750 might make a bearish breakout towards 1.1720 and 1.1695. more…

EUR/USD Downward 4 Hour Channel is Broken

Nenad Kerkez

The EUR/USD is trying to break the downward PPR channel and at the same time push above the AP channel. I am favoring a bullish bias as long as 1.1692 holds as I previously analysed in the EUR/USD analysis. If bullish scenario persists 1.1822 is the target followed by 1.1873 and 1.1916. Of course, for that to happen bullish momentum needs to be strong. 4h close above each important level is needed for the price to stair-step to next level (1.1822-1.1873-1.1916) The bullish bias is accompanied by a bullish divergence within the POC zone 1.1750-80. Have in mind this is a completely counter trend outlook. more…

EUR/USD’S Six Month Bull Run May End But Trend May Not

Fawad Razaqzada

After rising for six straight months, the EUR/USD looks set to end September lower, barring an unexpectedly sharp rally at the end of this week. Part of the reason for its sluggish performance can be explained away by a rebounding US dollar, which has recently found support on renewed hawkishness from the Federal Reserve. From the Eurozone, political uncertainty and disappointment that the European Central Bank has so far more…

EUR/USD Two Breakout Points Outside The Equidistant Channel

Nenad Kerkez

The EUR/USD has perfectly rejected from both POCs after the setup and analysis shown on Weekly Recap and at this time it is very clear that the equidistant channel is trapping the price keeping the range bound market still in play. After a fake-out that happened yesterday 1.1720-1.1690 (which was still good to trade as a breakout trade, and what I showed during the Live Trading webinar) we can see two POC zones within the equidistant channel that might push or tank the price. If the price spikes above 1.1778 (EMA89, D H3, channel high) the target is 1.1798 and 1.1825. Above 1.1832 we should see a continuation towards more…

EURUSD Daily And 4 Hour Outlook

Grega Horvat

On the daily chart of EURUSD we can see a nice rising price activity since start of 2017, which can be labeled as a higher degree wave C) in the making. We know that wave C) is an impulse, which means it must consists out of five sub-waves. Well, here we already see three, which means once the upcoming wave 4 correction unfolds, a new push higher into final wave 5 of C) may start to develop. We also see Fibonacci ratio of 261.8 being touched, which can act as resistance for wave 3 and push prices lower into wave 4. more…

Elliott Wave Analysis: EURUSD And NZDUSD

Grega Horvat

Good day traders! Today we’re gonna take a look at some intraday charts. The first one is EURUSD. The EURUSD is trading nicely higher today, probably in final stages of a higher degree bullish impulse. Ideally current rally since 28th of July is the final push of a black wave v of v), that will search for limited upside near the middle or upper channel line. From the mentioned region a new change in trend can come in play. more…

Macron’S Triumph Removes Eurozone Political Risk

Daud Bhatti

Emmanuel Macron won the presidential election last Sunday, defeating Marine Le Pen, a far-right nationalist who wanted to take France out of the European Union. Markets had feared that Le Pen’s win could threaten the EU project, but Macron’s win has eliminated uncertainty regarding France’s membership of the Euro and removed the risk of near-term severe political shock to France and wider Europe. The Euro went above $1.10 briefly, but since then has pulled back. The upwards move was not dramatic than the first round of French elections as many traders have anticipated Macron’s victory and thus victory was already well priced in. more…

EUR/USD Range Has Formed Two POC Zones

Nenad Kerkez

After a steady uptrend on EUR/USD, we see that important trend line has been broken and the pair has been dropping consistently for 2 days. One of the reasons why EUR/USD is dropping is possibly profit taking which was enacted by hedge funds as French elections grow closer. Today POC zone for selling is 1.0775-90 (D H3, ATR Pivot, inner trend line, EMA89) while we might expect buyers within 1.0665-85 zone (Order block, D L5, W L5, 78.6). Any break of Upper POC range (1.0790) and Lower POC range (1.0665) should establish new intraweek trend. At this point we need to treat this as range play with 2 zones where EUR/USD might react. more…