Dear Colleagues, price is in an upward movement of wave 3 of higher order and I expect wave 3 of lower order to start now. All indications are that the upward movement is not over yet. I expect the price to test the support area at 1.08638 and then continue the upward movement at least to the resistance area at 1.09819. Manage your capital correctly and...
The Euro faced downward pressure against the US Dollar as investors awaited the Federal Open Market Committee (FOMC) monetary policy decision. Trading around the 1.0872 mark on Monday, we have shifted our attention to the 1.08400 level, where potential demand could drive price growth. This area aligns with the 50% Fibonacci level and sits just above the 200 Moving...
EURUSD is consolidating before jumping down. The currency pair is experiencing weakness amid a fundamentally strong dollar, which spent all of last week under the influence of bullish news. The outlook is generally clear. Technically, a pattern is forming on the chart, which may break the support and change the trend. Reasons for further decline: 1)...
Hello everyone, let's dive into the EUR/USD analysis together! Today, the EUR/USD is under a downtrend, currently trading at 1.087, losing 0.06% in the early trading hours! The depreciation of EUR/USD is attributed to the strengthening of the US Dollar, buoyed by robust Producer Price Index data from the US, indicating ongoing inflationary pressures in the...
The recent price action on the EURUSD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️
Please, check our technical outlook for EURUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.088. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.091 level soon. P.S Please, note that an...
EUR/USD EUR/USD -eur/usd have 2 demands under the price -and also 2 imb's and bunch of lq -If the price mitigate our demand don't enter without confirmations
EURUSD Next Sell opportunity 1.1031 Target will be Depends on entries. Each Trade 100 to 200 Pips. Wait for confirmation.................... Key level Support 1.0638 D1 Key level Pressure 1.1139 D1 SL ( Set a uniform set of 15$ ) only for your reference and you can set it according with your free margin
EURUSD is falling towards an overlap support level that aligns close to the 61.8% Fibo retracement and 161.8 % Fibo extension. Alternatively, if price breaks below the pivot, it could continue to fall to the next support level Pivot: 1.0862 Support: 1.0807 Resistance: 1.0913 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and...
EURUSD is getting rejected on the 0.618 Fibonacci retracement level of the 14 month consolidation range for 4 straight sessions. This is bearish enough on its own, but it is also the symmetrical level where the price got rejected on June 22nd 2023 to marginally under the 0.5 Fib. The 1day RSI patterns between then and now are very similar. Sell and target...
EURUSD hit the 0.618 Fibonacci retracement level and got rejected. This rejection can evolve into a short term bearish reversal, in a symmetric way as the November 29th 2023 did. Trading Plan: 1. Sell if today's candle closes in red. Targets: 1. 1.08500 (a little under the 0.382 Fib, as it happened on the December 8th 2023 low, which was contained on the MA50...
Key technical levels and confirmation strategies to watch The EURUSD currency pair is currently exhibiting a well-defined ascending triangle pattern on the weekly timeframe. This technical formation often precedes a bullish breakout, suggesting a potential rise in the value of the Euro relative to the US Dollar. Understanding the Ascending Triangle An...
Hello, dear friends! Today, EURUSD maintains a positive trajectory within the ascending price channel. The uptrend finds support as the USD softens, influenced by the dovish tone set by Fed Chair Jerome Powell. Nevertheless, I'm anticipating selling EURUSD as it approaches the upper boundary of the rising channel. An expected retracement may test the supports...
EURUSD is falling toward a support level and could potentially bounce off a pullback support that aligns the 38.2% Fibo retracement and rises toward the multi-swing high resistance Alternatively, if price breaks below the pivot, it could continue to fall to another an overlap support level Pivot: 1.0871 Support: 1.0799 Resistance: 1.0915 Risk...
The European Central Bank raised Interest Rates by a Quarter of a percentage point Thursday, judging that Inflation remains too High ; even as data points to a deepening economic downturn in the 20 countries that use the euro. The move takes the benchmark rate in the euro area to 3.75%, the highest since October 2000.
Amidst fluctuations driven by economic indicators, the EUR/USD pair experienced a rollercoaster ride following the release of US Unemployment claims data. Initially, the pair responded positively to the news, witnessing a brief uptick before retracing back to the support level at 1.0800. This retreat from the 1.0800 mark has provided traders with an opportunity...
Based on the chart, my bullish stance on the DXY (U.S. Dollar Index) is due to the clear pattern repetition visible in the price action. The Index has formed what appears to be a bullish channel pattern, showing higher lows and higher highs within a confined range. The recent break above the consolidation zone within the channel suggests a continuation of the...
Personal suggestion for you EURUSD price trend to continue up during session It is expected that price will continue in the up trend and can approach the price range of 1.08492 Note: Always wish you to manage your capital safe Take small lots which suits your capital The winner is the one who sticks with the market Give us like and support us