The EURUSD pair is extending the bearish trend firmly within the borders of the 2-month Channel Down hitting in the process last week's target: As you see, it failed to break above the 4H MA100 (green trend-line) so we didn't pursue Target 2. We are in a similar situation now, with the price again at the bottom of the Channel Down, while the 4H RSI is about...
🔸previously recommended shorting eurusd at 0900. right now bid is 0797, short trade running pnl +100 pips. recommend to exit short at 0680 and look for a reversal trade setup on buy side. review original trade setup (short) via link below. 🔸eurusd generated a swing high failure short sell signal after failing to print a new higher high, SHF at 1255. right now...
🔸Hello traders, let's review the 8 hour chart for inverted EURUSD. (1/eurusd) Speculative XABCD in progress, with PRZ/D set at 0.9600 (1.0400), so expecting more losses in EURUSD going into FOMC / early october 2023. this is inverted price chart! so means that long = short EURUSD. 🔸XABCD structure is defined by point X at 9500, point A at 9000, point B at 9350,...
Hello,Traders! EUR-USD broke the support Cluster of the rising and Horizontal support lines And the breakout is Confirmed so I think That the pair will Keep falling down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The EURUSD pair is extending the decline inside the two month Channel Down and technically it isn't over yet. The Lower Low leg range is between 2.70% - 2.90%. Starting from the September 12th Lower High, a decline of the -2.70% minimum will land the price directly on Support at 1.04850. The 1D RSI is almost on the 30.00 oversold level, but we need to see a...
Introduction: Hold onto your hats because we've got some juicy news straight from the hedge fund world. Brace yourselves for a rollercoaster ride as we delve into the wild world of euro shorts, as reported by a certain hedge fund that knows how to tickle our funny bones. Get ready to chuckle and, of course, take some action! The Hedge Fund Report: Picture this:...
EURUSD has been declining without a stop since July, turning bearish on the 1W timeframe (RSI = 38.075, MACD = -0.002, ADX = 37.003) with the RSI that low for the first time since October 2022. The most important technical formation though is the 1W Bullish Cross (MA50-100) which is the first time we see it forming after exactly 3 years. A quick look on past 1W...
Euro Stays Under Pressure Against Strong Dollar The Euro (EUR) continues to face downward pressure against the US Dollar (USD), with EUR/USD touching new six-month lows near the 1.0600 mark during early Friday trading. Here are the key factors influencing the Euro-Dollar pair: 1. Strong US Dollar Dominance: The US Dollar, as represented by the USD Index...
EUR/USD Remains Range-Bound Amid Strong USD and ECB's Dovish Outlook The EUR/USD pair is locked in a narrow trading range on Monday and appears susceptible to further declines. The US Dollar (USD) maintains its strength near a six-month high, driven by the Federal Reserve's (Fed) hawkish stance, which continues to weigh on the pair. The Fed recently reiterated...
Euro Trims Losses Against US Dollar Post-Fed Event In the aftermath of the recent Federal Reserve (Fed) event, the Euro (EUR) found itself on a backfoot against the US Dollar (USD), but it managed to regain some ground. Here's a look at the key events and dynamics shaping the EUR/USD currency pair's movement. Euro in Decline Post-Fed: The Euro had been facing...
EURGBP is trading within a wide horizontal range on a daily. Its upper boundary was reached last week. Analyzing the reaction of the price to that, we can spot a narrow horizontal range on an hourly time frame. Its support has just been broken - it is an important sign of strength of the sellers. I anticipate a further decline now to 0.8666 / 0.865 ...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 After price bounced from $1.0860 resistance level, which coincided with resistance area, it started to decline in falling channel. In channel, price even made fake breakout, but then it declined below $1.0860 level to support line. Then it made upward impulse to...
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#EURGBP peaked during the #GFC @ 0.98 I expect during these coming few years and possibly next financial crisis this to be run. What does this suggest severe weakness in the UK economy Or the ability and the magnitude of easing to come from the BOE to dwarf the ECB's response either way trade with the prevailing trend would be my...
The Euro (EURUSD) could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 1.06787 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 1.07200 which is a level that sits above the 78.6% Fibonacci retracement level and an overlap resistance. Take profit is...
I must admit that the current state of affairs in the currency market has left me feeling rather disheartened. It is with a heavy heart that I share with you the recent news regarding the euro's ongoing decline, even in the face of the European Central Bank's (ECB) decision to raise interest rates to unprecedented levels. In a surprising turn of events, the...
Hello,Traders! EUR-USD is trading in a Downtrend but the pair is Now retesting a horizontal Support of 1.0626 so a Local bullish reaction Is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅EUR_USD retested the strong support level at 1.0622 After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above at 1.0674 LONG🚀 ✅Like and subscribe to never miss a new idea!✅