EUR/USD Bounces Back: Technical Analysis Points to a Potential Long Setup EUR/USD started the new week on an upward trajectory, recovering from Friday's pullback that saw it closing the week with over 1% gains. The currency pair is currently hovering around 1.0920, demonstrating resilience and aiming for further upside. From a technical perspective, the price...
The EURUSD pair broke again above the 1H MA50 (blue trend-line) and is trading within two Channel Up patterns: a wider (blue) one and the shorter term dotted one. The 1H MACD indicates that we are on the same level as the November 23 MA50 break-out that peaked on the 1.382 Fibonacci. As a result, as long as the dotted Channel Up holds, we are bullish short-term,...
EUR/JPY is trading close to a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 157.399 Why we like it: There is a pullback resistance level Stop Loss: 159.115 Why we like it: There is an overlap resistance that sits above a confluence of Fibonacci levels i.e. the 50.0% retracement and the...
The Euro (EUR/USD) is demonstrating a bullish momentum and could potentially rise towards our take-profit target. Entry: 1.09299 Why we like it: There is a potential bullish momentum Stop Loss: 1.08886 Why we like it: There is a pullback support that lies under the 38.2% Fibonacci retracement level Take Profit: 1.10088 Why we like it: There is a...
EUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 157.549 which is a pullback resistance. Stop loss is at 159.250 which is a level that sits above the 127.2% Fibonacci extension level and an overlap resistance. Take profit is at 154.770 which is a pullback support. High Risk Investment...
EURUSD is technicall bullish on the 4H outlook (RSI = 59.390, MACD = 0.002, ADX = 51.118) but had a Double Top rejection on the R1 level (1.10200) on Thursday and is pulling back. The 4H MACD Bearish Cross is validation of the the short signal and the immediate target is the HL trend-line (TP = 1.07850). If the price crosses under the S1 level (1.07250), we will...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago started to rise in an upward channel, where it first reached the support line and then rebounded up to the 1.0670 support level, which coincided with the buyer zone. Later Euro broke this level and reached the resistance line of the channel, but...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from resistance level, which coincided with resistance area, and started to decline in falling channel. In channel, EUR fell to $1.0780 support level, which coincided with support area and even declined lower there to support...
As my analysis for EURUSD, The price stuck on the weekly support which highlighted based on the chart. The Weekly trend still in bullish position but still find out the direction either down or more higher for long term position. As the US want to keep their monetary policy, keep going fight the inflation, probably, USD will take an advantage to keep them...
Here is my latest structure analysis for EURUSD. Supply Zone 1: 1.0995 - 1.1066 area Supply Zone 2: 1.1129 - 1.1150 area Demand Zone 1: 1.0822 - 1.0847 area Demand Zone 2: 1.0723 - 1.0761 area Demand Zone 3: 1.0656 - 1.0668 area Demand Zone 4: 1.0496 - 1.0536 area Demand Zone 5: 1.0447 - 1.0467 area Consider these zones for pullback/breakout trading next...
Hello,Traders! EUR-USD is trading in a Strong uptrend but the Pair will soon hit a horizontal Resistance level of 1.1016 From where I will be expecting A local bearish correction Because the pair is overbought Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EURUSD got rejected on Resistance (1) forming a Double Top. With the medium term pattern being a Bullish Megaphone, this rejection technically aims at the bottom of the pattern. Trading Plan: 1. Sell on the current market price. Targets: 1. 1.0650 (Support 2 and bottom of Bullish Megaphone). Tips: 1. The MACD (4h) just formed a Bearish Cross, which is a...
Hi folks today I'm prepared for you Euro analytics. Some time ago price broke support 2 and fell to the trend line, where it rebounded and started to move up near this line. In a short time Euro rose back higher than support 2, which coincided with the support zone and later rose to 1.0700 points, after this price made correction below the trend line to support 2....
Hi Traders ! On The Daily Time Frame, The EURCHF Price Reached a Support Level (0.94357 - 0.94176) The Price Formed an Inverted Head and Shoulders Pattern. Currently, The Neckline is Broken. So I Predict a Bullish Move📈. Let's Wait for Retest... ----------- TARGET: 0.95940🎯
Trading Setup: A Trading Signal is seen in the EURUSD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.0980 ⭕️SL@ 1.1016 🔵TP1@ 1.0881 🔵TP2@ 1.0806 🔵TP3@ 1.0726 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading...
EUR/USD Poised for Further Gains Despite Short-Term Technical Hurdles The EUR/USD pair experienced a remarkable surge on Wednesday, registering a gain of over 1% and reaching levels unseen since late November, surpassing the 1.1000 mark. While short-term technical indicators hint at a potential downward correction, a comprehensive analysis incorporating the main...
Overnight, the ECB remained cautious, stating that while the inflation path is lower than before, the ECB should not lower its guard. Keeping rates on hold at 4.50%, President Lagarde indicated that the ECB did not discuss rate cut scenarios. The EURUSD traded higher following the news, with price trading within the 1.10 resistance area. Technicals Price...
EURGBP hit today the 1D MA100 but so far has failed to cross over it. This is keeping the 1D technical outlook neutral (RSI = 45.430, MACD = -0.002, ADX = 43.111) which is usual after a rebound at the bottom of a Channel. On this particular occasion, it is a Channel Up, rebounding after the 1D RSI turned oversold. However since July 20th, the 1D MA100 got tested...