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Eurusdbreakout

at the right price i'll buy anything (except euros)EURUSD has been consolidating within a broad range since March 2015,we are now breaching below the lower 1.0465 level indicating further downside is to be expected. I will be uploading another chart for the daily soon after this, you'll notice the pair has moved below a multi month descending channel. Very short term the pair is likely to drift toward the 1.03 levels, in the event of a break below and extending the correction we can see 1.0180 and 1.00 Likes and comments are always appreciated
Short
by TheBanker
1
Trading the Italian Referendum, do we have a major crisis?Happy weekend traders, what an end to the year we have on our hands.. as most of you know already I have been screaming parity for some time! I think that FX markets are not too complacent about the referendum. Italy's complicated politics mean a "No" vote (which is expected) doesn't necessarily follow through to the 5-star movement coming into power. The impact of a "No" would likely have a EUR moderate negative outcome. The Renzi government will likely come under pressure as fears of a fall grow rapidly. I recommend fading EURUSD allies on a surprise "Yes" vote and selling nearer the 1.08 area. A "No" vote will cause moderate weakness but trading EUR short at these levels is not something I am a fan of. If the public rejects the reform as expected the euro will come under increased downwar pressure, the cyclical low of 1.0458 from March '15 may will open the gates to a potential test of parity before the year end. Market participants will be concerned that snap elections could be held given the antiestablishment and Eurosceptic performance in national polls. It would not surprise me if we briefly climb back toward the 1.088 level although upward momentum is unlikely to be sustained for long. You can see my previous ideas to see my very own euro-scepticism, all european banks are in trouble.. the difference between the U.S and E.U is the reserves on centralised debt. Essentially as Greece goes down, Portugal Italy etc you are talking about undermining the reserves of the European central banking system as a whole. Banks that were not even into derivatives are getting smoked. Leaving everyone with their own debt has really been the achilles heel of the whole EZ. I have linked my previous eurusd ideas to show that I have been advocating the collapse of the euro since my time here on tradingview. All the best guys and GL. ** DISCLAIMER: THIS IS MY PERSONAL VIEW AND NOT INVESTMENT ADVICE **
Short
by TheBanker
18
EURUSD @ 1h @ Trading Box (1.05670 & 1.06600) 50th weekThis week EURUSD should awaiting the US Raite Hike and Press Conference of FED Chair Woman (on Wednesday) in a Trading Area - even Trading Box - between 1.06600 & 1.05670. I personally don`t know how much is priced in and how many rate hike the market is excepting right now !? So, i would prefere a technical SetUp, even trend follwoing, out of this price area (between 1.05670 & 1.06600) ... 1.06898 - monthly november`16 low (after president election rally) 1.06855 - 2nd temporarly high after last superordinate sell pressure and rebound 1.06666 - 2nd temporarly high after last superordinate sell pressure and rebound 1.06600 - upper edge of trading box 1.05670 - lower edge of trading box 1.05620 - 2nd temporarly low after last superordinate sell pressure 1.05518 - 3rd temporarly low after last superordinate sell pressure 1.05170 - 1st temporarly low after last superordinate sell pressure 1.05038 - 4th temporarly low after last superordinate sell pressure Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
by Devise2Day
EURAfternoon Traders, As you know I have been yelling Parity at the top of my lungs since I've been on Tradingview, i'm sure some of you are sick of hearing it now! Most banks including now GS are targeting these lows, I would advise retailers to stay clear of GBPUSD and instead find opportunities on pairs like e.u. Now likely a corrective 4th wave of a 5-wave from the August higher; potential to retrace between 1.0963 and 1.1033 (23.6 to 38.2%) Eventually still see potential for one more decline towards 1.066 before some more euro relief. GL
Short
by TheBanker
8
EUR/$ Clarity on Parity - Panic leg incoming!Afternoon Traders, Yesterday was a great day for us bears, my ban expired just in time and for those who were in the FX chat we made a nice 100 pips off Draghi moving his jaw. As most of you know, I've been yelling euro -0.46% is failing since I joined TV... it is prudent to not over complicate things here , a clear wedge in unity driven from immigration, Italian banks getting smoked on top of the $DB shenanigans, Brexit, negative rate stimulus on the cards - this is the trade of the year, so set, and forget and remember to buy me a beer when we get below parity. Check related ideas for more confirmation if you still need it! Please like and comment your ideas too, much appreciated and thank you for the support guys. All the best bears, lets pour a drink for the poor bulls. -Banker
Short
by TheBanker
8
EUR/$Good morning traders, I trust you are all enjoying your time off, whilst I have some time I decided to do another eur/$ chart, as most of you already know my incredible bearish outlook on the pair still stands; The bearish break looks similar to that found in August 2015 suggesting a move toward the trend lows at 1.052xx The ECB appears to be on hold for now putting further focus on a fiscal response to support growth. If they do ease further then the ECB will find it increasingly difficult to weaken their currency so all eyes are on the fed ahead of FOMC on wednesday. The risk to this trade is the FED sounding more dovish and thus weakening the USD and the chances of further hikes in 2017. Your support by liking and commenting is much appreciated! -B
Short
by TheBanker
6
EURUSD 100 pip scalp live in the chatroomAfternoon traders those who have been paying attention in the chat are up almost 50 pips already, buckle up and enjoy the ride! eu is getting smoked brexit, italian loans, immigration dirving a wege in unitynegative rates stimulus not a single reason going for the euro right now see attached ideas to get an understanding of my accuracy. lets keep this one going guys and enjoy those profits! likes and comments always appreciated! www.tradingsignalreviews.com
Short
by TheBanker
4