The analysis depends on 3 scenarios only, follow the drawing and prices
How to take advantage of this idea:
Penetrating the orange trend line, we enter a buy transaction with the aim of the black trend line
Breaking the black trend line, we will enter a buy deal with a retest, it will be a very excellent deal
Breaking the key area and holding it below it with...
EUR/USD has been bearish since June 2021 at Monthly structure breakout. Finally price has closed below monthly trend support confirming another selling signal on Monthly TF. Price is most likely to drop at 0.85 zone before December 2022. Please remember this is Monthly TF so you must be very cautious about your SL. (above trend support).
Daily: Ascending Wedge pattern, Ranging up between the Daily Swing High and Low.
4H: Pushing down past the 4H CHoC, Retested the structure and continued moving down. Not currently mad a Lower High and retest.
1H, We have had an 1H BoS, price currently broken 1H CHoC, LL formed, waiting for LH to form, Bearish candle to enter trade to the downside, aiming for...
EUR/USD seems to be continuing its downward movement. In the H4 charts, a falling wedge is observed with nearest support at $1.1010, and nearest resistance at $1.1090
Price is, currently, below all the Moving Averages of 5-day, 20-day and 200-day.
Based on the current Daily trend, I see the EUR/USD falling to the May 2020 price level of 1.0800, and potentially lower. I will wait for a confirmation of a closed candle below that price level on the 1H timeframe before entering.
Ahead of this week's Federal Reserve interest rate decision.
We look at why the markets are turning hawkish on their expectations for the U.S Central bank to raise rates to deal with the high inflation.
We look at why this will cause EUR/USD to continue its downtrend when we look at U.S Bond Rates relative to European Bond Rates and how the differential drives...
Although we have a Bullish bias on EURUSD for the long-term, here is a short-term SELL setup for our new week/new month.
Drawing a Fib off the the H1 time frame, we can see that if price reaches the 50.0 entry level of the Fib, it would be a great entry for Bears to take it down to the 138.2 and 161.8 take profit levels.
Drawing our line of support at 1.19519, we...
