Looking to short EU from 1.05000 Confluences: - Bearish market structure as LLs and LHs are being printed. - Broke below 1.05000 support region without retest. - Retest level (1.05000) which is currently the support-turned-resistance level falls inline with the 61.8% fib reversal level. TP: 1.03250
EURO/USD - Weekly chart. Support, Resistance, Trendlines for reference. 20-year Logarithmic chart. 05/11/2022.
• The pair is trapped in a tight, 100 pips range for almost 2 weeks now • We are in a consolidation mode, so breakout should be expected in the next few days • As seen on the hourly chart, an ascending triangle has been formed • An ascending triangle is a bullish pattern, a breakout to the upside is usually expected • Given the fact that too much negativity is...
Hello everyone As we see New York markets struggle in the past couple of days,many down fall of prices in the different markets are noticeable,however in EURUSD we can't see that much change. Now the price is in a horizontal trading range with long shadowed bars ,after a trend line break, late in a bear market;I don't know about you but this screams final...
• Euro continues to suffer from the FED-ECB policy divergence and the uncertainty worldwide • Level 1.0640 support clearly turned into resistance • Bulls tried to penetrate the mentioned level yesterday, but failed to do so • Bears appeared again at the resistance level where we saw over a 100 pips sell off • The pair is exposed to further losses, with next target...
The strength of the dollar as a currency is increasingly present against other currencies, if the FED continues to raise interest rates in this way and the rest of the countries do nothing with their currencies, we would be talking about an increase in strength for the dollar currency (at least temporarily). An increase in the strength of the dollar, would make a...
The levels on the euro's chart against the dollar are highly worrisome. If the European Union does not quickly raise interest rates more aggressively, we could see the Euro fall to levels of €1=$1 or even lower at €0.8=$1. We note that it has been in a bearish channel since about 2005, which it has been respecting in a demanding manner. At the same time we have...
Overall Average Signal from all our indicators suggests a Long. Entry is at market open and exit is shortly before market close or whenever you are okay with profits.
Technical Analysis and Outlook: The rebound to Mean Res 1.065 is completed as specified Daily Chart Analysis For April 29, 2022. The next down move is marked as Next Inner Currency Dip 1.031, and the future Outer Currency Dip 0.9765. Bullish movements are possible within the current downtrend - trade appropriately.
If you haven`t seen my last idea: Then you should know that as long as the war continues and the sanctions to Russia, we will see a weaker Euro and a stronger Dollar. EUR/USD is the most actively traded currency pair in the world. The European Union rely on Russia for almost 38% of their imported natural gas . Germany gets about 50% of its natural gas and...
EUR/USD is the most actively traded currency pair in the world. 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! My price target for the EURUSD pair is 1.073 and even 1.051 if the energy...
Just an idea and trade at your own risk. EURUSD on the monthly timeframe still remains bearish, but on the daily and weekly timeframes correction may be underway after reaching the demand zone and the lower channel of the downtrend at area 1.05. Correction may be underway back to the supply zone and upper channel of the downtrend at 1.09-1.10.
I think market will break registance of 1.06000 and reached up to 1.06508 today
Technical Analysis and Outlook: Inner Currency Dip 1.050 is completed - a bullish move is possible within the current downtrend to Mean Res 1.065. The next down move is Inner Currency Dip 1.031, and the granddaddy of all flagged many moons ago is coming to realization marked at 0.9765.
just an idea and trade at your own risk. EURUSD reached a strong demand zone around 1.5-1.6 area and the lower down channel line on the daily and weekly timeframes. It is very important for the month to close near the 1.09-1.10 area for the next bullish movements, if it fails next is below parity and into the 0.89 area.
EURUSD Is reaching the same levels reached during the first strike of Covid-19. Which may mean a possible turn 'till this summer. The Dollar TVC:DXY has also reached really high levels which could possibly mean a big pullback soon! Is it a good time to invest in Europe?
1.0630 is a target going by the weekly chart. So i am short from the morning on eurusd
• Second weekly close below the multi year trend line • Bearish sign for the Euro • FED-ECB policy divergence, geopolitics and rising demand for the USD are factors weighing on the pair • Will potential Macron's success create a reversal gap up just like it happened in 2017? Maybe yes. Despite its second weekly close below the trend line, traders should be...