Category Archives: EUR/USD

EURUSD Still Trading Sideways

Daud Bhatti

Short-term EURUSD Elliott Wave view suggests that the pair remains in a sideways triangle range between 1.2554 and 1.2153 levels as mentioned in the previous post here. Until we break out of the range, we look for the sideways price action to continue. Triangle doesn’t have any particular trend, but it is generally a continuation pattern, thus the pair likely thrust higher to continue the previous bullish trend after the sideways action is over. If we take a look at the previous cycle from January 2017 low. The pair shows a higher high sequence thus the pair is favored to trade higher once triangle consolidation is complete. It’s important to note that the Triangle is labeled as A,B,C,D,E. more…

EURUSD Short Term Rally Opportunity

Peter Adamson

I was waiting for EURUSD to rally yesterday, and this morning I missed it! Silly me. But it is correcting now, so I think there may be a chance to get in.

Remember what Gann taught us about the safest point of entry: the first higher bottom. If you observe the hourly chart you will see that the trend has reversed to the upside. We now have a range from 1.1916 at 13:00 on 9 January to 1.2018 at 12:00 today. Notice the interval is very close to 24 hours. Naturally we will be looking for support at the fib levels between these two prices: more…

EUR/USD Buying The Dip Continues During Holidays

Nenad Kerkez

The EUR/USD has been bought on the dip that formed the right shoulder of the bullish SHS pattern also known as – Inverted Head and Shoulders. Holiday trading is always risky due to low liquidity, and lower liquidity might in turn, produce higher volatility. But at this point, the trading has been a bit quiet. The ATR for the last 14 days is only 62 pips, and the EUR/USD has made 29 by the time of writing this analysis. As long as the EUR/USD is kept above 1.1835 targets are 1.1890. 1.1905 and 1.1950. Have in mind the ATR projection high is 1.1917, so the pair needs to break above 1.1917 with a stronger momentum to reach the W H4 resistance. If it manages to touch and stay above 1.1906, 1.1950 could be achieved by the end of the week providing we don’t see any profit taking on long trades. more…

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…