EUR/USD Signal

Long @1.2110
Short @1.2065

Looking at the daily chart, chances seem to be in favor of the bulls right now with near-term bullish targets being at 1.2185 and 1.2220. For bearish action to accelerate we will need to see a break below 1.1980.

We are currently short @1.2040. Let's see...

The hidden mathematical sequence of time predicts turning points in EUR/USD daily chart. This might be helpful for your predictions

Long @1.1935
Short @1.1870

Hi traders, welcome everyone to a new trading week!

On Thursday all eyes will be on the ECB decision and while there will be no major easing of monetary policy, a decision to step-up bond purchases would have a negative impact on the euro and could thus increase selling pressure in EUR/USD. Given that the jump in the yield on the Eurozone’s benchmark 10-year German Bund is unwelcome by ECB policy makers, stepping up the ECB’s bond purchases cannot be ruled out at this meeting. Conversely, if nothing concrete is announced by ECB President Christine Lagarde, the euro could strengthen following her news conference.

The EURUSD pair did produce an excellent short signal on the 15M chart. The price is now ranging on the intraday charts. However, it seems that the pair may remain bearish on the daily chart for some days.

Today we are long @1.1880...Trade is in profit. Let's wait and see.

As long as the pair holds above 1.18, we may see a small rebound towards 1.1950 and 1.2050.

Long @ 1.1925
Short @ 1.1865

Focus today on U.S. CPI data

Looking at the technical picture, there is a chance for a potential bull breakout today, provided that the euro takes out the 1.1960-hurdle. Above that level a potential inverted head-shoulders-pattern could be in play, targeting at higher price levels around 1.2050. The pattern, however, becomes void with a downside break of 1.1850.

EUR/USD turning point on 1H chart which will occur on 2021.03.12
EST in 15 min time frame included. Around this time, a significant top or a bottom is formed in EUR/USD hourly chart. This could be very helpful to take trading decisions

Long @1.1970
Short @1.1915

For the time being, we will focus on a trading range between 1.2050 and 1.1820.

Long @1.1925
Short @1.1880

We focus on a price range between 1.2050 and 1.18. Above 1.2060, a higher target is seen at 1.2180. Below 1.1750 the euro may extend its slide towards a lower target at 1.16.

Long @ 1.1970
Short @ 1.1910

The Bear may dominate up to the level of 1.18380. The price may consolidate at that level since it had a strong bounce earlier. A bearish breakout may drive the price towards the South. On the other hand, bullish price action may push the price towards the North.

Long @1.1870
Short @1.1810

The pair slid into the current support zone at around 1.18. The euro could possibly extend its losses towards 1.1770 before we see some rebound. For the chances to shift in favor of the bulls we recommend waiting for a break above 1.1920.

Long @1.1780
Short @1.1690


The euro is on its way down towards 1.17. While we may see even a test of 1.1690, traders should brace for potential pullbacks since the pair is in oversold territory. However, a break below 1.1680 may pushes the pair lower towards a test of 1.1630 and 1.16. A current resistance, on the other side, is seen at 1.18.

Long @1.1825
Short @1.1770

Fading U.S. Dollar strength has helped the currency pair to stabilize around 1.18. While the Eurozone continues to face challenges, the euro is likely to remain under pressure. Nonetheless, we will turn our focus to the resistance area between 1.1950 and 1.20 which could provide a profitable opportunity to sell euros at higher levels. Above 1.2015, the euro could even test 1.2150. On the downside we see a short-term support at 1.1670 followed by a crucial support at 1.16. If 1.16 breaks to the downside a next lower target is seen at 1.12.

Long @1.1885
Short @1.1840

Long @ 1.1910
Short @1.1870

Looking at the weekly chart we remember that the euro could be formatting a huge head-shoulders-pattern, giving that the resistance levels at 1.20 and 1.21 remain unbroken. In other words, if euro bulls are unable to overcome the 1.21-barrier the focus will remain on a break below 1.16 which could result in steep losses towards 1.12.

Long @1.1980
Short @1.1930

EUR/USD – Finally due for a correction?
The euro knew only one direction in April – upwards. Now that the pair has reached a crucial resistance zone and refrained from a break above 1.20 amid its overbought situation, we expect the price to decline towards 1.19. For the uptrend to continue towards a higher resistance at 1.21, we would need to see a sustained break above 1.2020.

Long @1.1985 Trade hit profit target
Short @1.1940

The euro took out the 1.20-barrier this morning after it corrected some of its recent gains. We expect gains could be limited until 1.2025 in short-term time frames. Euro bulls could better wait for a break above 1.2060 in order to buy euros towards 1.21 and 1.2170.