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...
Is the Eurodollar giving us some hints into the mind of JPOW and the fed?
Hello Her it is a little scalp on M6E I expect the Market will try to fill The FVG0 The we will see a run going long to fill The FVG1 and maybe the FVG2 too, im going long and my target its FVG1 the easiest one
EURUSD | ECB - Interest Rate! How can it affect the EURUSD? As we have seen during this period of time EUR is suffering a lot of losses. And to be honest Europe it is not the only economy that is suffering the economic problems. However as all the countries EUROPE will take the second step to help on this economic recovery. Considering the Monetary policy...
Eurodollar has completed Interim Rebound and continues to hove near the 1.000 threshold by closing slightly below critical Mean Res 1.005. The Key Sup 0.9880 and our open Inner Currency Dip 0.9852 continue to be the main target, with further expansion to the Next Inner Currency Dip 0.9570 and the lower mark is in the making.
EURUSD - Intraday - We look to Sell at 1.0131 (stop at 1.0207) The primary trend remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 1.0150. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will...
US Dollar has broken out of a bearish rising wedge after a long negative divergence. Competition against the dollar is also finally ramping up and it doesn't seem like the dixie has priced that in yet. It then makes sense that the target for the wedge goes below a 7 month trend line.
I think we are going to see a pullback on the weekly time frame and we bounce back from the previous order block and daily and 4h structure shift bullish also. so we can assume that we can see the some higher prices
For the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar. The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of...
For the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar. The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of...
If you haven`t shorted the EURUSD here, when i was telling you that "The European Union rely on Russia for almost 38% of their imported natural gas; Germany gets about 50% of its natural gas and coal from Russia, and a third of its oil; German economy was by far the largest in Europe": The you should know that the Euro plunged to a fresh 20-year low as investors...