In this update we review the recent price action in the EURUSD and identify the next high probability trade location and price objectives to target
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.. UPTREND + Support from the past + Strong volume area is my mainly reason for...
EUR/USD resistance is 1.0027 and 1.0048. Support is 0.9967 and 0.9941.
• Descending bearish channel on daily chart • As you can see, Euro Dollar has been trading in waves within a descending channel with each wave breaking and making a new bottom at least by 200 pips lower than the previous one • However, during the last wave we are in now, sellers seem exhausted and unconvinced • The new low is barely within 100 pips than the...
Candlestick closed above Pivot Point Price Level 1.00071. Enter a long position at the 1.00071 price area.
EURUSD is still in the downtrend channel on the daily timeframe. Currently possibly forming a bearish flag with retest of the upper downtrend channel and the previous demand zone (Currently the resistance area) at 1.0150. Rejection of such area and break of the bearish flag lower channel will lead to next fall to new lows and the lower downtrend channel around 0.95.
Technical Analysis and Outlook: Eurodollar has completed Interim Rebound to our Mean Res 1.0180 and retreated viciously downward by forming a new Mean Res 1.0117 - with the possibility to be re-tested. The currency continues to move about the 1.000 threshold by closing slightly above the newly created Mean Sup 0.9970. The Key Sup 0.9880 and our open Inner Currency...
EUR/USD resistance is 0.9997 and 1.0053. Support is 0.9944 and 0.9881.
EURO vs USD lost a lot of value , however there´s a potential for a short-term reversal soon. We can observe beautiful regular bullish divergences developing. If the support holds, the pump is expected Good luck
Pin Bar formed at Pivot Point. Enter short position.
EURUSD. A sharp drop followed the corrective move upside. The price is likely to resume bearish trend as we can also see five waves to the downside. This analysis is based on the Elliott Wave Theory. Manage risk while trading.
Traders, As you know, EuroDollar Futures has been one of the lead indicators regarding Fed rate hike action. As the futures drop, the inverse occurs with the U.S. dollar (DXY). It goes up. Likewise, the Fed tends to respond with a rate hike in accordance with the gravity of the EuroDollar's move down. Yesterday, the drop was huge after the CPI report was...
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.. UPTREND + Support from the past + Strong volume area is my mainly reason for...
EURUSD is trending well on the 4H Chart. Watch for long entries.
In this update we review the recent price action in the EURUSD and identify the next high probability trading opportunity and price objectives to target
• EUR/USD chart had a gap up during the weekend following some positive news about the Ukraine-Russia war. Reports mentioned that Ukrainian forces were able to re conquer major parts of southern Ukraine • Markets were relieved following this news, which prompted some fresh selling for the US dollar • Investors are keeping an eye on the headlines in eastern...
EurUsd still in its downtrend channel at the daily timeframe, Currently retesting the upper channel with a rejection at current level and retest of the previous support (demand zone) which currently is the resistance area (supply zone) at 1.0130-1.0150. Next fall target to new low and to the downtrend channel at 0.95-0.96.
Recent moves in the EUR/USD exchange rate have been driven primarily by the price differential between natural gas in the United States and Europe, rather than by the ECB's historic rate hike last week. Over the last 90 days, the correlation coefficient between EUR/USD and US-EU gas price differentials is 0.88, indicating a very strong relationship between the...