🔺Hello traders, Let's review and go over analysis and strategies for EUR / USD As we can see, prices at this resistance level that has now been formed. And Price is so far rejecting it, not making a clear breakthrough. We are expecting a clear breakthrough of this and a retest continuation phase up to the previous highs. Or price could just take this resistance level retested three times and continue in its direction downwards and break the trend line. Then we are expecting a retest of the trend line and a continuation phase down to the bottom liquidity.
🔻NEWS : In general, the euro is considered among the currencies most vulnerable to the continued strength of the US dollar. However, the prospect of continued US economic strength opens the door to an extended period of outperformance for the dollar, according to global investment bank Standard Chartered. In response to strong US jobs data for January, analysts at Standard Chartered say that previous expectations of a gradual or rapid easing of demand are now in question, and there is a risk that the incoming data also trumps the upside.
In this regard, Steve Englander, head of Forex research at Standard Chartered Bank, says: “A cyclical or structural rise in US activity would justify the clear and prolonged strength of the US dollar.” The possibility of this scenario has increased.” He added, "Given the size of the US non-farm payrolls shock, we believe that it will require either a surprise of the same size in the opposite direction or the accumulation of softer data to reverse the impact."
Recently, it is expected that the US dollar exchange rates will rise if the incoming data reinforces the signal sent by the latest US jobs report.
________
🔴Price is getting support from the trend lines that has been formed while the Euro USD has been in this downtrend. We are now seeing a harmonic pattern. This is a clear indication to go long since it's now has been complete. Along with all the other trend lines and patterns and candlesticks patterns. We can now look forward to a nice long position.
🔵 For any traders that is on the short side, I also got something for you if price breaks this trend line and breaks this support line. This zone that I have marked out could be come a resistance, so this could be a valid area for price to come back and retest and to continue it in its new direction. I am expecting Bryce to go all the way down to the liquidity that is lying at these lows down here.
------
Reasons VIP ✔️
Points of interest - for VIP➕
Entry Point - VIP➕
------
🧭Please hit the like button so I can continue guiding you through your journey
🌫️May the wind be with you!
🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
🔻Advice🔻
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
🔻NEWS : In general, the euro is considered among the currencies most vulnerable to the continued strength of the US dollar. However, the prospect of continued US economic strength opens the door to an extended period of outperformance for the dollar, according to global investment bank Standard Chartered. In response to strong US jobs data for January, analysts at Standard Chartered say that previous expectations of a gradual or rapid easing of demand are now in question, and there is a risk that the incoming data also trumps the upside.
In this regard, Steve Englander, head of Forex research at Standard Chartered Bank, says: “A cyclical or structural rise in US activity would justify the clear and prolonged strength of the US dollar.” The possibility of this scenario has increased.” He added, "Given the size of the US non-farm payrolls shock, we believe that it will require either a surprise of the same size in the opposite direction or the accumulation of softer data to reverse the impact."
Recently, it is expected that the US dollar exchange rates will rise if the incoming data reinforces the signal sent by the latest US jobs report.
________
🔴Price is getting support from the trend lines that has been formed while the Euro USD has been in this downtrend. We are now seeing a harmonic pattern. This is a clear indication to go long since it's now has been complete. Along with all the other trend lines and patterns and candlesticks patterns. We can now look forward to a nice long position.
🔵 For any traders that is on the short side, I also got something for you if price breaks this trend line and breaks this support line. This zone that I have marked out could be come a resistance, so this could be a valid area for price to come back and retest and to continue it in its new direction. I am expecting Bryce to go all the way down to the liquidity that is lying at these lows down here.
------
Reasons VIP ✔️
Points of interest - for VIP➕
Entry Point - VIP➕
------
🧭Please hit the like button so I can continue guiding you through your journey
🌫️May the wind be with you!
🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
🔻Advice🔻
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
💲Telegram : t.me/ForceTradingFX
