I think it’s getting close, I’m already in a bullish market condition on the EURUSD, I’m just waiting for a retracement to the ST support level (1.3215), get upward pressure and I’ll be going long:
You think is about time to long the EURUSD? Or are you even looking for trade opportunities on the Euro?
Please let me know.
Trade Safe!
Raul Lopez
Forex Training
Have you been trading the EURUSD lately? I haven’t, but I think it’s about to give us good opportunities, at least on the short term charts. This is what I got on my hourly chart:
I’m still waiting for a confirmation of the support level, and if I get it, I’ll start looking for trade opportunities on both extremes of the range.
The other scenario is to wait for the EURUSD to break the top of the range. This will trigger a bullish market condition and I’ll be looking for long opportunities.
What do you think?
Good trading!
Raul Lopez
Forex Coaching
I think so, it’s clear that the EURUSD was rejected from an important support level on the long term charts, and on the short term charts it broke through an important resistance level which puts the EURUSD in a bullish market condition:
How far will it go? No one knows for sure, but at least it should reach its resistance level around 1.4050.
As long as the EURUSD trades above 1.3392, I’ll be looking for long opportunities.
Are you also looking for long opportunities?
Trade Safe!
Raul Lopez
Forex Course
The EURUSD is trading around an important long term level (1.3831) but as you all know, we need to consider long term level as zones, and these zones can be determined using the short term charts. This is the zone for the EURUSD:
I’m going to wait for the EURUSD to break either side of the zone:
On either scenario, I need to wait for the market to make its first movement, then I follow.
Trade Safe!
Raul Lopez
Forex Course
Did you notice the EURUSD just broke through an important ST resistance level? Well, with this breakout I think we should consider the EURUSD trading in a bullish condition, and of course, forget about looking for short, only focus on long opportunities:
We need to make sure though it trades above 1.3825. I have my next LT resistance level at 1.4054.
Trade Safe!
Raul Lopez
Forex Training
Like the AUDUSD last week, the EURUSD came back from a bullish condition to a bearish one. The EURUSD gapped down, opening below every important level on the short term charts, now its clear that shorts is the way to go for the Euro, and its exactly what I’m going to be looking for (at least today):
As long as the Euro keeps trading below 1.3383 I’ll be looking for short opportunities. The next LT support level is at 1.2964
Trade Safe and Have a great week ahead!
Raul Lopez
Forex Course
If you trade the EURUSD, let me tell you that it is trading in a very clear bullish market condition. Yesterday, it was trading in a tight range, around an important level, but earlier today it broke through an important resistance level triggering a bullish condition:
And if you are wondering where to set your TP orders, if I find my entry I’m going to set them below the next LT resistance level around 1.3831, so we still got plenty of room to get a good risk-reward ratio.
Trade Safe!
Raul Lopez
Forex Training
You know that I haven’t had a trade on the EURUSD in a while, and recently I moved the EURUSD to the tradable side of currency pairs, and guess what? Just got my first signal on the EURUSD in the last months:
Here are the details of my trade:
Entry: 1.3694
SL: 1.3756
TP: 1.3454
Good luck!
Raul Lopez
Forex Course
I like to trade the currency pairs that have a clear market condition, when they consistently go from one important level to the other (i.e. support to resistance or vice versa), and certainly the EURUSD doesn’t have a clear condition. Take a look at the next chart:
On the chart above, does it look like a clear market condition to you? No. Do you know where the market is likely to reverse back? No, it just gets rejected from different levels (random levels), we can’t even call them support and resistance levels.
Now, take a look at the next chart:
This is the Norwegian krone (USDNOK), this one on the other hand, has clear support and resistance levels. It gets rejected consistently from the same support and resistance levels. On this chart, do you know where the market is likely to get rejected? Yes, once it gets close to the bottom of the range it is likely to get rejected, likewise, when it gets closer to the top of the range, it gets rejected.
See the difference? Which one is easier to trade? Definitely the second one, in fact, I wouldn’t even try to trade the first one. I’ll just wait until it gets clearer.
Trade Safe!
Raul Lopez
Forex Training
Yesterday I wrote about the EURUSD trading in a short term range, well, earlier this morning it broke through the ST resistance level:
As long as the EURUSD keeps trading above 1.4434 I’ll be looking for long opportunities.
Trade Safe!
Raul Lopez
Free Forex Education
Its been difficult to trade the EURUSD in these past weeks, mainly because it has been trading in a medium term range without clear support and resistance level, this is how my daily charts looks like:
If we see a breakout of the ST resistance level (1.4433), the EURUSD is likely to continue its way up until it reaches the next LT resistance level (1.4822). But again, we need this breakout in order to consider the EURUSD in a bullish condition:
To recap, if it breaks the resistance level (green upper line around 1.4433), I’ll start looking for long opportunities. All take profit orders should be set below 1.4822
Trade Safe!
Raul Lopez
Forex Education
Do you remember when was the last time I wrote about the EURUSD? I don’t… its been a while. The reason I’m not comfortable with the EURUSD is because all LT S&R levels are too close to each other, leaving me not enough room to get a trade with a good risk reward ratio. But today it looks like it is smiling at me 
I just went long, here are the details of my order:
Entry: 1.4668
SL: 1.4637
TP: 1.4769
Trade Safe!
Raul Lopez
Forex Training
Yesterday I wrote about the EURUSD and its bullish condition, it retraced back to the main ST support level and formed a significant pattern with upward pressure:
Here are the details of my trade:
Entry: 1.4795
SL: 1.4744
TP: 1.5016
It has a risk-reward ratio of 4.3:1
Trade Safe!
Raul Lopez
Forex Training
Definitely the EURUSD is one of the currency pairs with the clearest market condition today. It is trading in a bullish market condition (only long opportunities are in play):
As long as the EURUSD trades above 1.4786 I’ll be looking for long opportunities.
The next LT resistance level is at 1.5046
Trade Safe!
Raul Lopez
Forex Training
The EURUSD is trading in a very clear bullish market condition. I didn’t trade the EURUSD in the last 3 weeks since the way it traded in the short term charts was a little difficult, it had no clear ST S&R levels, but now its as clear as water:
As long as the EURUSD trades above 1.4265 I’ll be looking for long opportunities.
Trade Safe!
Raul Lopez
Forex Training