Greetings Traders,
Key Levels Around 1.0700: Today's R1, Previous Day's S1, March S1, and a strong reversal point all converge around 1.0700, indicating significant levels to monitor.
Yellow Bullish Channel: It's imperative to watch for any breaks below the yellow bullish channel, as this could invalidate our current analysis.
Take Profit Targets: TPs are set...
EUR/USD holds positive ground near 1.0811 during the early European session on Friday. The major pair recovers despite the renewed US Dollar demand. Market players will take more cues from the Eurozone inflation data due later in the day.
Wage data is pretty high up on the ECB’s list of concerns with its members opting to view Q1 wage data before indicating when...
FX:EURUSD
Based on swing trade idea, using Fibs on daily TF, I see an opportunity to short this pair using fibs level and price action, swing high and swing low on higher time frames.
Also EMA 200-100-50-20 indicate a strong downtrend
Current short move started from around 1.126 where EUR/USD finds the resistance level
Last 3 highs and lows create an rising...
EUR/USD is making a bullish rebound on the 6H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.089 level.
My analysis today deals with how the further course of our popular currency pair "EUR / USD" could look.
> The technical analysis and selected indicators, confirm the thesis of an imminent correction.
= Why this is so, that I explain after the introduction.
The DXY / USD has a non-negligible impact on EUR /USD, as the whole economy depends on its behavior.
...
Hello traders! In my opinion, in long term is pair is neutral.
Be careful and wait for a confirmation!
Don`t forget to look at the economic calendar!
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We dont have any volume to drop EUR down, but i believe at NY session we will have enough volume to bring it down, as u can see many wicks down just not enough volume
EUR/USD have been trending for the past few months however a pull back is likely expected given it has struggle to get past 2020 low at 1.06400 for the past 2 weeks
Hello traders. we had from the beginning of this week an upward movement EURUSD, but yet we had DXY breaking through the roof. bearish was expected. today with Non farm payroll what to expect from the forex markets? I'm not sure if I'll be trading news but if the conditions look fine I may end up trading them.
