Hello dear traders, As it is drown here in my analysis, EUROUSD is close to one fo the critical zones ( green cycle ), if this level is broken down this downtrend can continue until the next down level, the same if rebound and gow up until the next up level, To conclude, you have front of you all critical levels so what you should do is to follow the market and...
this multi time frame analysis form h1 to monthly time frame from h4 to Monthly H4 - price has breakout rising wedge pattern, ready to retest lower trend line and make new lower low Daily - price has retest daily resistance after breakout , making sideway correction below resistance before making new lower low on h4 Monthly - if this month candle...
There seems to be indications that the EUR is ready to make an upside move against the Canadian dollar . The signs that would indicate this is a break of the bearish channel that had been created on the daily time frame, and signs of accumulation at the level indicated on the chart.
EURUSD is reacting to the top channel line and will fall down, at least to it's previous Low levels. I will Follow the down trend and sell in corrections. Also retailing stop will be useful.
Should see this move start to come into fruition in next Monday's London session.
Eurusd - H4 - Dollar weakness creeping into eurusd and i see a clean setup for a long play say less
an important area to watch out for the next big move and all to be unfolded tomorrow after ECB news the 1.1590.1.1620 area which is playing out as support and resistance area
The waves never lie, though sometimes we read them wrong :)
Based on the previews trend, also support and resistance, i see the following continuation: 1.156 - 1.171 - 1.142 i`m looking forward to read your opinion about the EURUSD pair.
just a possibility Inverse head and shoulders and daily candle close is important for today for any confirmation if the correction phase (uptrend) is over or not and don't forget ecb news are coming on Thursday with end of month on mind
you guys here we can see the EURUSD chart in 4H timeframe, so as we can see there is down trend that broken by the price and as we can the the price have been pulled back to the down trend, so here we can undrestand that uptrend is started, there is resistance in 1.68000, if this resistance is broken, after full back to it we can easy buy to 1.7000 and more targets
According to the trading channel pattern. I draw the structure level of resistance and support and I also draw the two horizontal rays for the confirmation of the EURO USD pair that will go up to the 1.11480 or 1.11500 level of price. Disclaimer:- This is not trading entry reason. Just my thought of analysis, Just sharing with you. It will work or not I don't know.
Technical Analysis and Outlook: The Euro Dollar, intermediate uptrend price action, is stalled at the weak Mean Res marked 1.1648; the second Key Res 1.1740 is high merit and significant sell point. On the downside, there is a Mean Sup 1.1595 while the important Key Sup 1.1530 is sitting below.
Hello everyone, As previously anticipated, months ago, the downtrend for the pair is back in play following a positive shift in the Fed's policy and forecast for the us economy. Technically: • The pair is bullish short term, trading inside an upside parallel channel. • Next resistance is the weekly high at 1.1670. • Second next resistance is somewhere near 1.1720...
just an idea EURUSD for me is still bearish on the weekly and monthly timeframes, but the current correction phase is still not completed until reaching 1.17-1.1750, before the next drop.
support 1.16200 resistance 1.16640, 1.15750 bullish as long price trading above white lower trend line bearish on breakout of lower white trend line. pice has made double top at daily resistance which end of channel before breakout. if price makes support at lower trend line than it can break this daily resistance, making higher high up to 50%...
Just an idea After a break of its downtrend channel , EURUSD is in its correction uptrend phase.
Short EURUSD. Chart is so clear. Risk reward is so logical.