The EUR/USD trading pair once again met resistance near the 1.1375 mark this morning.
This level has been a sideways trend resistance since November 2021 and has already beaten the price down 4 times. The price growth lows is interesting.
Every attempt to push the price down is getting weaker, and the dynamic support line is aimed at the north. It is likely...
EUR/USD is now on week 7 of a small range that's built after a major spot of support came into play. The support emanates from two Fibonacci levels, one at 1187 and the other at 1212. The latter of those prices is the 61.8% retracement of the 'lifetime move' in EUR/USD.
The pair came crashing into this zone ahead of the Thanksgiving holidays and that's what had...
The fundamental background of the EU is now much less important than information from the US. The pair continues to move within the channel 1.1250-1.1400, there is a weak priority of purchases, but there are no factors for an upward breakdown yet. Lagarde's speeches are unlikely to change the balance of power. You should pay attention to the statistics of...
Hi everyone this is my trade set up for the EUR/USD
This is my analysis only please trade with caution and risk management in place
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
good luck for this weeks trading
please like and comment both are welcome
EUR/USD has broken rising counter-trend support, hinting that the next leg of the near-term downtrend may be afoot. Resistance-turned-support marked by swing tops from June and March 2020 is anchored at 1.1423. Neutralizing the near-term bearish setup probably demands a break and close above 1.1577. That might open the door for a test of subsequent resistance...
Hello friends and companions
As for the dollar index, I think it will continue to move up after a double-bottom weekly support level.
Also, in the weekly, 4-hour, and one-hour timeframes, there are suitable conditions for rising.
So with this hypothesis, I would like that you check the EUR/USD and USD/CAD charts.
This setup is based on wave analysis, we got a break of structure to the up side.
Entry points are calculated by fibs and structure probability turning points.
Setup expired once price touches the TP.
If there is no pullback and price just goes up to TP
Setup is canceled.