The algorithm has found an interesting pattern in EUR/USD. Red in chart After the break of the previous channel the price has corrected a 61,8%, the fibo level but this is also the previous zone of supports and resistances. If that's not enough, it's also the last level with accumulated volume, if we move to 1,08 the volume disappears which would be the...
💶💵 EUR/USD Chance for Continuation of Increases? 💶💵 Nearest strong support zone: around the last correction bottom. 💶💵 Nearest strong resistance zone: outer fibo level 1.272 of the last downward correction. 💶💵 Technical environment: - Moving averages: Uptrend - MACD: Downtrend - RSI: Uptrend - Supertrend: Uptrend 💶💵 Price action: EUR/USD Still struggling...
Price has finally broken below the support area of a Major rising wedge. It has since given a perfect retest of the 61.8 fib level and the bears have now shown up on the lower TF. Here is the play I will be taking: Entry - 1.05828 Stop Loss - 1.06354 52 pips Take Profit - 1.04155 167 pips
💶💵 EUR/USD Continuation of Declines 💶💵 Nearest strong support zone: around the fibo 0.236 level of the wave from the bottom to the local peak. 💶💵 Nearest strong resistance zone: around recent highs. 💶💵 Technical environment: - Moving averages: 50/50 - MACD: Downward trend - RSI: Downward trend 💶💵 Price action: after the strong reaction of the strengthening of...
💶💵EUR/USD First Increases Then Decreases 💶💵EUR/USD finally flew down beautifully, exactly as I've been writing for the past week. 💶💵It looks like this is just the beginning of the declines. 💶💵But after such a strong downward impulse, we should make a small upward correction at least to the vicinity of 1.06 where I have set a local resistance zone. 💶💵The...
💶💵EUR/USD Problems With Increases. 💶💵As I wrote in the last post, EUR/USD has had problems with increases for the last month: 💶💵Every attempt at increases ends with the start of a small downward correction which returns to increases during the next sessions. 💶💵Looking at EUR/USD I don't see much potential for increases there. The price is being pulled out on...
💶💵EUR/USD Lack Of decisiveness 💶💵This lack of volatility on EUR/USD is quite tedious. 💶💵We again attacked the resistance zone where the level of 0.618 of the entire last downward wave is located. 💶💵Looking at the current situation, we may have to wait a little longer for declines. 💶💵But I believe that sooner or later we will pass the correction I...
💶💵EUR/USD In Anticipation Of Declines 💶💵EUR/USD Another day tried to attack the increases which again ended with a very quick reaction of the selling side. 💶💵Everyone is waiting for the end of this accumulation. 💶💵Looking at the behavior of price action and the technical environment, I have no doubts about the validity of my perspective. 💶💵My scenario remains...
💶💵EUR/USD Bounces Off Resistance Zone. 💶💵Today's start of the European session brought an attack on the resistance zone, followed by a sharp sell-off. 💶💵In my opinion, the potential for a downward correction from current levels is only increasing. 💶💵It looks like we will see a gradual weakening of the Euro over the next days/weeks. 💶💵The scenario I'm playing...
💶💵EUR/USD Key Moment. 💶💵Looking at where we are, we face an important decision. 💶💵Will we start to make a large downward correction of the current uptrend after a flat move. 💶💵Or will there be a continuation of the uptrend and we will climb to new highs. 💶💵Looking at the behaviour of the price and the lack of strength to continue the upward movement. In my...
💶💵EUR/USD No Decision 💶💵On the most important forex pair, still no final decision on the future direction of the price 💶💵we are already 10 days into the 1.062 area and we still do not know the answer as to whether the continuation of the uptrend will continue. 💶💵So far the situation does not favour either side. 💶💵If we were to drop in the vicinity of 1.05 a...
💶💵EUR/USD Finally Declining? 💶💵This post is a direct continuation of my previous post in which I wrote about accumulation and the possibility of another downward wave. 💶💵As you can see, we attacked the resistance zone again and started to fall from the beginning of the European session. 💶💵Again the technical environment supports the downward scenario, looking...
💶💵EUR/USD Still Undecided. 💶💵EUR/USD Still holding around 1.6 💶💵The accumulation has been going on for more than a week. 💶💵Looking at what EUR/USD is struggling to break out to new peaks. 💶💵The scenario remains unchanged, I still expect declines. 💶💵The support and resistance zone remains unchanged. 💶💵Given the technical environment, the MACD and RSI have...
HELLO GUYS THIS MY IDEA 💡ABOUT EURUSD is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the buyers from this area will be defend this LONG position.. and when the price come back to this area, strong buyers will be push up the market again.. UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
💶💵EUR/USD At The Resistance Zone! 💶💵With the weakness of the US dollar, EUR/USD is once again back around the resistance zone. 💶💵We are at an important point on the chart. 💶💵If we break through the resistance zone, I would not rule out a continuation of the uptrend, but its extent would not be large with the current market sentiment. 💶💵But if we rebound from...
Price has broken out of a falling wedge with a perfect (break and retest) Bullish momentum has shown up with the addition of the dxy falling. Here is the Play I will be taking on this pair: Entry = 1.06407 Stop Loss = 1.05980 Take Profit = 1.07268
On the H4 timeframe, EURUSD came to test the historic 1.06000 resistance level twice, before softer than expected US CPI data released on 14 December weakened the prospect of future Fed rate hikes and caused the Dollar to plummet. This gave EURUSD the bullish fuel to break above the 1.06000 resistance turned support level. After the initial breakout, price came...
💶💵EUR/USD Continuing Declines In The New Week 💶💵The EUR/USD at the opening of the trading session today is still continuing the direction taken last week. 💶💵There was an attempt to attack the resistance zone, but we went down again very quickly. 💶💵The support zone remains unchanged is the 0.236 level of the entire down-to-the-high wave. 💶💵Looking at the...