Technical Analysis and Outlook: The Euro gained quite a bit over the trading week, breaking over our Key Res 1.062 price level. The next strong resistance is in the 1.08 area. On the downside, the Mean Sup 1.056, Mean Sup 1.045, and Key Sup 1.038 are the primary targets - The ultimate Inner Currency Dip is marked at 1.031.
DXY completed 5 of 5, bouncing off the 3.6 fib from June bottom. It briefly eclipsed the 2016 and 2020 highs, highest since 2002 now. This could be signaling higher prices for equities and commodities soon. Will be watching for corrective or impulse here; but a 100 test seems fairly certain.
I'm looking for more upside but keeping a close eye on price action.
Good morning everyone, EUR/USD is poised for short term bounce to complete pattern. I am looking at long position around 1,065. Take profit (TP) level is just under 1,07. Let's see how it develops. Wish you all the best trades, PTFX Disclaimer: This post does not provide any kind of financial advice. It is for educational purposes only and solely supported by...
A long trade opportunity has presented itself on the euro-dollar (EURUSD) chart. This is shown by the bullish harami candlestick pattern just above the 1.06477 daily horizontal resistance level which is now acting as a support, following the breakout of price. There's been a pullback and we're likely going to witness a continuation of the upward trend. Please...
Hello everyone! As you've already noticed from the title, I don't believe EURUSD has bottomed. Yesterday I shared an idea about why I think the DXY hasn't topped either, and as the DXY mostly consists of EUR, it is impossible for me to think that the USD won't strengthen vs the EUR. However in the short term EURUSD could go higher, and I could even see it go up to...
Just an idea and trade at your own risk. EURUSD is in its correction phase after reaching the below down channels and the demand zone at last week low around 1.0348. Next target may be at next supply zone and the upper downtrend channel at area 1.09-1.10.
Hello, EJ rejected the minor trendline and formed a bearish candle showing that the bears had taken control. So in the opening of the Asian session i want to see it move downwards either reject that downward minor trendline and move up or break through with strong bearish momentum , if it rejects it like in the past then i want to see it move upwards as basing on...
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There is a big battle taking place in OANDA:EURUSD as the Bulls and Bears seem to have equal strength so it is hard to predict what happenes next. Bulls seem to be winning, pushing the price higher, but I would not remove the Bearish biast off the table yet. It all depends on the ECB mostly and how dovish some of their next actions will be.
dxy down - euro up (obvs) more or less tryna confirm dxy short term break down
Hello everyone As I said earlier today, because of the news from federal reserve, USD is in a down trend,there fore every pair with this currency is in a good uptrend. For EURUSD, We have a bull trend line with a good amount of buy volume on 1.05$, so it's safe to say we have a good amount of support on this level.the resistance level of 1.06$ may have some...
Hi traders, ahead of USDCAD I have EURUSD short on my watchlist, as this pair as been declining since the beginning of the year and has not showed signs of slowing down. Let's be sure to capitalize on this downward momemtum. Happy trading.
Do you see what I see? Never Over leverage. Trust your trade set up. Have Fun!
Just an idea and trade at your own risk. EURUSD reached last week the lower downtrend channel on the daily and weekly timeframes. EURUSD at end of today might have three daily consecutive bullish candlesticks closing (nearly white soldiers candlestick pattern) and rebounding from the recent strong demand zone at current week low around 1.0348 (also weekly and...
the EURUSD price is in weekly support level & falling wedge pattern . the NECKLINE IS BROKEN. i predict a bullish move 📈 i'm waiting for a retest in the key level (break of structure & buy confirmation✔) TARGETS: 1.06185 - 1.07714 🎯 if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Trade Idea: Selling EURUSD into resistance Reasoning: Rallied into resistance and a 38.2% Fibonacci level Entry Level: 1.0461 Take Profit Level: 1.0354 Stop Loss: 1.0477 Risk/Reward: 6.67:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved...