FX:EURUSD is testing the local channel support. The probability of a breakout attempt is quite high, as the currency pair is trading on a negative fundamental background. The dollar is strengthening after a wave of positive news, at the same time EURUSD is hitting a strong resistance at 1.0949 on D1. A bearish candlestick is being formed with the session...
Hello, this is my idea about EURUSD, let's discuss it together. In general, EURUSD has experienced a significant decline yesterday, surpassing the support level of 1.0915-1.0902. At the moment, the price is testing back at 1.0886, after reaching 1.0872, marking a 0.04% increase for the day. So, what are the reasons and factors pushing this currency pair...
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 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...
EUR/USD soared to its highest since early January, breaching 1.0980 on Friday, but reversed gains in the US session to close slightly lower. The pair ended the week nearly 1% up, settling just below 1.0950 as the new week kicks off. A dip in the US 10-year Treasury yield to 4% following the February jobs report has kept the USD on a weaker footing against its...
EURUSD has reacted off the resistance and could potentially fall to support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 1.0994 Support: 1.0873 Resistance: 1.1120 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
FX:EURUSD is in the phase of a local uptrend. The reason is the decline in the dollar index on the background of weak fundamental policy. The target in this case is the 1.100 liquids area For two weeks in a row the dollar index ( TVC:DXY ) is trading with a negative fundamental background, which is quite favorable for the euro. As the price is inside the...
Hello Traders! Today we were fortunate enough to have the ShrewdCatFx Illustrator make an appearance on the Air. Yes, it is that time of the month for NFP data! 0:0 Special Guest & Monthly Timeframe/NFP Expectations 2:32 Weekly Timeframe 3:43 Daily Timeframe 6:20 4Hr timeframe 8:27 1Hr Timeframe Numbers are expected to decrease over the prior period but growth is...
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply &...
The EUR/USD pair has made significant gains, breaking above the key resistance level of 1.0850. This surge comes as the US Dollar struggles, while hopes for early rate cuts by the European Central Bank (ECB) diminish. The price action, as analyzed from our initial reference point, indicates a robust uptrend, with potential to surpass the next resistance at 1.0866...
Good morning, yesterday's price action shifted the hourly context to long. To open long positions, I would like to see some compression below. My intraday target is the previous day's high (PDH).
✅EUR_USD went down to retest a horizontal support of 1.0796 Which makes me locally bullish biased And I think that a move up From the level is to be expected Towards the target above at 1.0822 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello traders ,what do you think about EURUSD ? This currency pair has broken its trend line and is pulling back to the broken zone. It is expected to fall at least yo the specified level after the completion the pullback If this post was useful to you, do not forget to like and comment.❤️
My dear friends, My technical analysis for EURUSD is below: The market is trading on 1.0813 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0828 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend...
Hello,Traders! EUR-USD broke the rising Support line and fell sharply Down but has hit a strong Horizontal support level of 1.0799 And we are already seeing a bullish Rebound so I will be expecting A further local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
By examining the EURUSD daily chart, we can figure out that the price reached the bullish order block and had a bullish reaction and we can see the FVG which failed, and the daily candle closed above it so it now plays as a support for us. In addition, the price formed a liquidity pool below the bearish order block, so we can expect the price to move higher to...
Hello everyone, what do you think about the next trend of EURUSD? From the 4-hour chart, we can see that this currency pair is trending upwards. Currently, the price is trading around 1.0825, showing a 0.07% increase for the day. However, the latest minutes from the Federal Reserve indicate that policymakers are still focusing on downside risks. On the 4-hour...