Hello Traders ! After a Huge Bearish Move, The EURCHF Price Formed a Symmetrical Triangle Pattern. The Resistance Line is Broken. So, I Expect a Bullish Move📈. ----------- TARGET: 0.94140🎯
EUR/USD Seeks Support After Dip Below 1.0900: Technical Analysis and Market Dynamics In European trading on Wednesday, EUR/USD is on a recovery path after dipping below the 1.0900 level, finding support in the 1.0860 area. The Euro is in search of a stable footing, aiming for a potential pullback. Technical Analysis: A closer look at the technical analysis...
Market Insight: ECB policymaker Francois Villeroy de Galhau has emphasized that the decision on rate cuts in 2024 will be data-driven, rejecting a fixed timeline. ECB President Christine Lagarde, while suggesting a potential rate cut in the summer, emphasizes the importance of data in timing the decision. Central bank officials are cautious about immediate easing...
As We Talked in The Previous Analysis: The EURJPY Reached a Support Level (155.372 - 154.420) The Price Formed an Ascending Triangle Pattern. The Resistance Level is Broken. Currently, The Price Pull Back to Important Structure and Now it Will Continue its Bullish Movement📈 TARGET: 161.210🎯
The Euro (EUR/USD) has just broken below a pullback support and the momentum could carry price lower towards the take profit target. Sell entry is at 1.08618 which is a pullback support and a potential bearish breakout level. Stop loss is at 1.09000 which is a level that sits above a pullback resistance. Take profit is at 1.08137 which is a pullback support...
Daily/4h/1h time frames analysis on EURUSD. Price action. Key levels. Potential scenarios. Trading plan. ❤️Please, support my work with like, thank you!❤️
hello guys... let's review what happened in eurusd pair! 1- the price made a descending channel and engulfed the last high! 2- the price broke the top line of the channel! 3- the price did a correction until the 50% of the last leg! 4- the price touched the QML level! Now what is going to happen?! there are two trendlines in further and one important...
Hi folks today I'm prepared for you Ripple analytics. Some time ago price declined to the 1.0830 support level, which coincided with the support zone, and at once rebounded and made a strong impulse up to the 1.1000 resistance level, but soon turned around. After this, the Euro made an impulse down to the trend line, breaking the 1.0830 support level, but in a...
Euro Under Bearish Pressure: Factors, Figures, and Technical Outlook The Euro is grappling with increased bearish pressure, marked by a reversal against the backdrop of a strengthening US Dollar and various economic indicators. Amidst a risk-averse market sentiment and geopolitical tensions in the Middle East, the Eurozone faces headwinds that are impacting the...
EUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 160.004 Why we like it: There is a pullback resistance level Stop Loss: 161.052 Why we like it: There is a pullback resistance that sits above a confluence of Fibonacci levels i.e. the 78.6% projection and the -27.0%...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the support line of the pennant and made a strong upward impulse to the resistance level, which coincided with the seller zone, thereby breaking the 1.0930 level. After this, the price made little correction and then continued to move up to the...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price started to decline in falling channel, it fell to support line, breaking $1.0900 $1.0780 levels. But soon, EUR made upward impulse from this line to $1.0900 level, breaking $1.0780 level again, exiting from channel. Next, price broke $1.0900 level too,...
The EURUSD pair has had a strong rejection last time we looked at it on the 1D time-frame (December 28 2023, see chart below), getting rejected exactly on Resistance 1 (1.1151) towards the 1D MA50 (blue trend-line), which is so far holding: This is basically an update to this. We are on the exact same moments as August 11 2023, May 12 2023 and February 13...
The Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 1.09848 Why we like it: There is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 1.10378 Why we like it: There is an overlap resistance that aligns with the 61.8%...
Hello Traders ! On 4H Time Frame, The EURUSD Price Formed an Ascending Triangle Pattern. So, Let's Expect The Bullish Scenario: if The Market Breaks and Closes Above The Resistance Level ! We Will See a Bullish Move📈. ---------- TARGET: 1.11020🎯
Here is my latest structure analysis for EURUSD. Support 1: 1.0876 - 1.0895 area Support 2: 1.0723 - 1.0760 area Resistance 1: 1.0974 - 1.1000 area Resistance 2: 1.1106 - 1.1140 area Consider these structures for pullback/breakout trading next week. ❤️Please, support my work with like, thank you!❤️
Hi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price some days ago rebounded from the 1.0900 support level, which is located in the support zone, and made a strong impulse up to the trend line, thereby breaking the 1.1030 resistance level. But soon, the price rebounded from the trend line and in a short time...
EUR/USD: Navigating Market Volatility Post-US CPI Release After experiencing a notable Pump and Dump scenario on Thursday following the US Consumer Price Index (CPI) release, the EUR/USD has managed to reposition itself for growth. The US Dollar (USD) faces challenges in finding demand, and as of the current moment, the price is trading at 1.09585. Market...