Eur/Usd

[mrinalini]

BUY EURUSD at current levels :

BUY at - 1.2238 ( Stop Loss - 1.2188 / Take profit - 1.2338 )

Keep this trade running for a couple of days and or until stop loss or take profit gets hit .

Please advised to traders to trade carefully and place proper stop loss to all the trades and HAPPY GREEN PIPS to all the traders.

[kanita]

eurusd pair in strong selling pressure today and i say that we sell the eurusd at prices 1.2300 or 1.2250 and we set our take profit at prices below 1.2100 to 1.2000 and we set our stop loss at price 1.2330 and it is must for trader that he/she must analysis the eurusd current market situation and trader must watch the eurusd updates and we make good decision in eurusd and we clear understand the eurusd right trend then place order

[Malik786786]

This pair is in an interesting position � it is close to breaking down from a relatively narrow price range which has held for about three months. This is significant and suggests that a major long-term trend reversal could be about to start. These pivotal points are always interesting, as if the support at 1.2260 survives, it could provide a low-risk long trade entry. A good long trade from this level might be worth holding onto in the hope of a large reward to risk gain, should the long-term bullish trend survive.
There is nothing due today concerning either the EUR or the USD.

[Malik786786]

EUR/USD Analysis
I wrote last Wednesday that if the price breaks below the support at 1.2343 it would be likely to signal a deeper pull-back within the long-term bullish trend. This is what happened. The price has fallen to touch and reject � at least so far � the support level at 1.2260, which is the last remaining support level above the big round number at 1.2000.

[Malik786786]

The best method to identify a classic �price action reversal� is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.

[Malik786786]

Long Trade
Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.2260.
Put the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.

[Malik786786]

Short Trade
Go short following a bearish price action reversal on the H1 time frame immediately upon the next entry into the zone between 1.2300 and 1.2310.
Put the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.

[Malik786786]

Last Wednesday�s signals produced a long trade off the large bullish doji candlestick which rejected the support level at 1.2343. This gave about 24 pips of profit.

Today�s EUR/USD Signals

Risk 0.75%.

Trades may be taken before 5pm London time today only.

[Malik786786]

Current level � 1.2273
The overall bias is still bearish, with a risk of another dip to 1.2230 area, but first we should see a minor rebound to 1.2310 zone. Crucial on the upside is 1.2335.

Resistance Support
intraday intraweek intraday intraweek
1.2310 1.2412 1.2230 1.2160
1.2335 1.2560 1.2210 1.2090

[Malik786786]

But looking at the D heat map, while EUR is broadly soft, it�s actually USD�s strength that is overwhelming.USD has taken out Friday�s high against all but Sterling. We�ll likely see more upside in USD before US session.