Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08 support and resistance area. Trade safe, Joe.
EUR/USD continues to maintain its upward momentum as it surged to the 1.0800 level in Friday's US trading session, reflecting the weakness of the US Dollar following weaker-than-expected Non-Farm Payrolls (NFP) data. Meanwhile, the ISM Services Purchasing Managers Index (PMI) data for ISM services in April also fell short of expectations. This fuels expectations...
Hello,Traders! EUR-USD is already Making a move down From the falling resistance So I am locally bearish biased And I think that we will see A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
I do not provide personal investment advice and I am not a qualified licensed investment advisor. Do not take any trade based on this, it is my personal opinion. The price last did not stay long below 💲1. I do not see it above $1.15. No way.. never! Whatever they gonna call it.... Do not believe them! , It have been printed in this chart for numerous years (...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), EURUSD rejected our blue circle zone and traded higher. What's next? 📈 EURUSD has been overall bearish long-term , trading within the falling wedge pattern in red. Currently, EURUSD is approaching the upper bound of the...
EUR/USD clings to gains above 1.0750 after US data EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data. The Relative Strength Index (RSI) indicator on the 4-hour chart stays above 50...
EURUSD is neutral on its 1D technical outlook (RSI = 51.370, MACD = -0.001, ADX = 29.673) as it got rejected on the 1D MA50-MA200 level, which stopped the bullish wave of the Channel Up from extending higher and potential breaking the pattern. The 1D RSI is on the stage where it should reverse as per March 12th. This is a strong sell signal, TP = 1.05550 (the...
How to Use Liquidity Zones and Liquidity Voids in Trading Navigating the forex market demands a keen understanding of liquidity dynamics. This article delves into the critical concepts of liquidity zones and voids, offering traders insights into identifying areas of high trading activity and potential price gaps. Understanding Liquidity in Trading In trading,...
EURUSD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short EURUSD Entry - 1.0777 Sl - 1.0814 Tp - 1.0711 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello dear traders! Overall, further recovery in the US Dollar (USD) drove EUR/USD to build on Tuesday's pullback and reach the 1.0730 area, or three-day low on Wednesday . That said, spot extended the recent rejection from the 1.0800 peak. Looking ahead, relatively weak economic fundamentals in the Eurozone, combined with the resilience of the US economy,...
Since Monday, the market has slowed down. We have only had 50 pip moves since then. The price formed quite bearish bars on the daily timeframe. Also, there are two candles with long tails, which is a sign of the level rejection. FX:EURUSD broke and closed below the small range zone; it broke through the support level at 1.07500 after attempting to break the...
Here is my latest structure analysis and important key levels: vertical and horizontal supports and resistances for next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
The EURUSD price surpassed and closed above an important horizontal resistance last week. This broken level has now become a support, and the market is currently retesting it. I anticipate a bearish trend to continue, with the next target likely being the resistance of a descending trend line.
The market bounced off the support level by taking liquidity below the previous day's lows after news came out. Bears could not push FX:EURUSD lower, meaning that we can expect a deeper pullback upside. The market trend is still bearish on the daily timeframe, and above that, we have strong resistance levels. TVC:DXY made a double top on the daily timeframe...
What Is a Fib Spiral in Trading? In trading, the Fibonacci sequence, notable for its mathematical and artistic significance, is adapted into tools like the Fibonacci retracement and spiral. These tools provide traders with a unique perspective on market trends and potential reversal points, using ratios derived from the sequence to analyse price charts. This...
i am still on my bearish bias. so i just counting another ABC correction and wait for confirmation to go short
Price rejected at 1.07526 with stronger wick rejections, suggesting further drop in price is inevitable, alongside DXY failed to make major bearish correction. Currently, DXY is extremely bullish and it is likely to remain that way until friday where we will be having NFP(NON-FARM PAYROLL). Price can drop until our entry point at 1.05204 where in our opinion price...
The EUR/USD currency pair is showing signs of a potential buying opportunity, with a targeted buy zone identified at 1.07032. This level serves as an area where buyers may consider entering the market, anticipating upward movement in the exchange rate. Furthermore, technical analysis suggests two potential targets for this buying opportunity. The first target is...