Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the current support level, which coincided with the support area and rose to the resistance level, but then it rebounded and started to decline in the wedge. Euro in a short time declined until to support line, breaking the 1.0900 and 1.0780...
EURNZD is testing a resistance of a horizontal daily range. The price formed a double top pattern on that on a 4H time frame. I believe that we can anticipate a bearish movement soon. Goals will be 1.750 / 1.745 ❤️Please, support my work with like, thank you!❤️
Fighting inflation is hard. Hence, central banks are data dependent while calibrating rates. Continuing geopolitical conflicts puts Europe at risk of inflation relapse. Headline numbers can be misleading. Central bankers will dig deep. Deeper analysis will compel investors and policy makers to rethink and recalibrate interest rate calculus. This paper unpacks...
The Euro (EUR/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.09066 Why we like it: There is a pullback support level Stop Loss: 1.08523 Why we like it: There is a pullback support that sits under the 61.8% Fibonacci retracement level Take Profit: 1.09981 Why we like...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price traded near support level, which coincided with support area, but soon it declined below to support line of pennant. After this, EUR in a short time rose back, thereby making fake breakout of $1.0775 level and later it made upward impulse. Price...
EURUSD will most likely close flat today, a price action which is accurately depicted on the neutral 1D technicals (RSI = 51.556, MACD = 0.003, ADX = 38.804). On a wider horizon, this neutrality is a technical consolidation before the next phase of the bearish wave that started on the December 28th High. This chart shows that the whole 2023 has been a Channel Down...
EUR/USD Dynamics: Navigating Rebounds and US Labor Market Influences EUR/USD exhibited signs of strength during the European trading hours on Thursday, yet encountered resistance in the latter part of the day as rising US Treasury bond yields breathed life into the US Dollar (USD). The pair currently grapples with a bearish trend, trading in negative territory...
Guys, EURCAD will most likely bounce from a solid demand cluster. I will expect a growth a least to 1.465 target level. Stop loss should lie strictly below the underlined yellow support. Please, support this post with like and comment.
EUR/USD: Dollar Rebounds and Technical Indicators Signal Potential Upside EUR/USD faced a decline on Tuesday, reaching its lowest point in nearly two weeks at 1.0940, as the US Dollar (USD) initiated a decisive correction after a lackluster performance in the closing weeks of 2023. Technical Landscape: As the new trading day unfolds, the price opens with a...
Hi folks today I'm prepared for you Euro analytics. Some time ago price reached the trend line, after which it rebounded and started to trades in a wedge, where it soon rose to the resistance line, thereby breaking the 1.0900 support level, which coincided with the support zone. After this movement, the EUR made a correction to the support zone, and then rose a...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago price traded near the 1.0535 support level, which coincided with the buyer zone, after which it rebounded and entered to upward channel. In the channel, the Euro made an upward impulse from the support line and rose to the current support...
Last week the dollar was mostly weak with DXY currently sitting at the 101 area and is about to test the key 100 level most likely after last week's much worse-than-expected Chicago PMI which came at 46.9 versus the expected 51 which was already far lower than the previous 55.8 and now sliding in the below 50 contraction zone. Another negative for the dollar...
EURUSD - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy EURUSD Entry Level - 1.0951 Sl - 1.0921 Tp - 1.1008 Our Risk - 1% Start protection of your profits from lower levels
The Euro (EUR/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.10060 which is an overlap support. Stop loss is at 1.09150 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 1.11293 which is a pullback resistance. High Risk...
EURUSD has almost hit the top of the 12 month Channel Down and started to pull back with today's 1day candle being the strongest daily selling since November 30th. The 1day MACD has formed a Bearish Cross and the downside potential inside this Channel Down is seizeable. For now sell and target 'just' 1.07215 (bottom of the Megaphone and Rising Support). If the...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price started to trades in rising channel, where it soon reached $1.0670 support level, which coincided with support area. After this, Euro broke this level, made retest, and rose to next level, which coincided with support area. In a short time, Euro...
The EURAUD pair has been trading within a Channel Down pattern since the August 17 2023 High. The price is now very close to the bottom (Lower Lows trend-line) of the pattern, which makes it a technical buy opportunity. As long as it is closing the 1D candle above the bottom, we will be bullish, targeting the top (Lower Highs trend-line) just above the 0.618...
EUR/USD Embarks on 2024: A Delicate Balance of Technical Patterns and Market Sentiments As the European session opens its doors to 2024, EUR/USD treads cautiously, marking modest declines below 1.1008. The immediate technical outlook suggests a potential extension of the ongoing correction, while market participants exercise caution, refraining from substantial...