6E1! trade ideas
a buying opportunity on 6E1!, Euro fx futures signal buy the market will experience an upward trend if we break the green resistance line, so we have a high probability of gain in the market combined with the breakout of the vwap indicator
signal buy
I recommend buying the Euro immediately after the market opens I recommend buying the Euro immediately after the market opens in Europe tomorrow: the target is $ 1.20000
6E! Next support is very importantAs known this week of US election, shall rick an impact on the market, starting with EURUSD.
The next step around 1.156usd shall be a signal to a new tendance to keep an eye on.
Yet the market can bring surprises. It's time to keep close watch
Eurusd searching for fair value Euro is taking the weekly Vwap seriously, lack of stimulus in US strenthing dollar this week, Brexit talks. Eur in an almost 300 pip range.
EUR/USD Next stop 1.1735 Close below 6Hrs range. Swing short to next zone 1.1735. Stop above 1.1850. Dec Fut Prices
Sellers Kind of DayThe current range is 1870 and 18230, which we broke past around 4 am this morning. Plenty time left in the london session to see more breaks to the downside. Nice trend under VWAP, should be an easy day
EUR/USD
Last week EUR/USD finished with a low demand on the CME Futures market.
After the breakout with an increased volume two weeks ago, a correction has appeared.
The price range 1,1430 - 1,1500 is still not tested as a support, as since the end of July the movement is based on a major range and increased volume. This is a bullish signal.
On Friday, the price broke 1,1800 with higher volume, which means the buying will continue at least to 1,1870.
At 1,1870, EUR/USD started to fall with increased volume. Every high volume trade must be tested in further.
Successful break out at 1,1870 with high volume will direct the price to 1,1900 - 1.1920.
Looking for a Supply between 1,1870 - 1,1920
Technical Setup on EURO but CAUTIOUS ahead of NFPTechnical Analysis
After a modest rally, this week following Dollar weakness the Euro has a confluence of important technicals indicating possible weakness.
1) A retest of previous channel structure which has acted as important support and resistance over 3 months.
2) A retrace to the golden fib ratio 0f 50-61.8% (1.19200 - 1.16350)
3) Momentum divergence which can also be seen as playing out well earlier this week
4) Looks to currently be printing a bearish pin bar candlestick pattern
5) The daily 20MA lines perfectly as resistance
Fundamental Analysis
With NFP tomorrow, I will be hesitant on placing a significantly large trade size at the moment
However, I am expecting further risk-off sentiment heading into November, as investors look to reduce exposure on assets shifting towards currencies and Gold which could indicate further EUR bearishness into the month
Brussels suing the UK over plans to violate Brexit withdrawals - political uncertainty may cause a reduction in investment flows
DAILY ANALYSIS OF euro fx futures Hi friends
the daily chart of this market shows that it will experience with a high probability an uptrend in the coming days but also we must be vigilant of the change of direction towards the opposite
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