EURGBP - Intraday - We look to Sell at 0.8475 (stop at 0.8505) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move...
ASML had good earnings on 7/20 and showing strength and volume. Some gaps to fill to the upside and the next resistance level around the 100SMA and supply zone also around $665. I like this one!
We have parity between the Euro and US Dollar for the first time in 20 years, something completely unexpected but it is happening now as the world changes and evolves. This month took the EURUSD to a long-term support that based on technical analysis can lead to a pullback before prices continue to drop. The current EURUSD bear market has been going for 5113...
As I can see it must return to bearish as per the simple chart. But that will be clear next week when we see the difference made out of Biden visit, either it will be in Europe favor or otherwise!
EURUSD CPI print came out higher, we had bearish movement of EUR but we covered that before end of the day and now re-testing those support lows again break of these area then yes we have further bearish movement and I expect the next support areas to come swiftly in control BUT if we stay above these support areas and re-test out of those highs I expect short...
Just an idea and trade at your own risk. EURUSD remains bearish on the monthly timeframe with possible next target to the monthly lower downtrend channel at area 0.90. EURUSD on the daily timeframe reached the lower downtrend channel (white lines) at parity. Correction may be under way to the previous broken support and demand zone area (currently resistance and...
EUR/USD reached 1:1 but it's not a bottom yet main reasons for this: - Interest rates - Trade deficit in EU - Big prices of OIL - WAR that Russia started in Ukraine
$EUR - UPDATED CHART (WHERE TO NEXT?) HAPPY FRIDAY! Soo...what a great week right one of my best weeks in ages great volatility for this summer as its understandable, now we do have NFP but I have ONE last remaining support for EURO to complete this inverse Cup & Handle Pattern. We could reach 0.99550 areas. Today is another new low but we do also have NFP....
The euro-dollar pair ( EUR/USD ) achieved parity today, an occurrence not seen in nearly two decades (November 2002), as a fresh energy crisis in Europe threatens the onset of a recession. It's been a rough year for the euro, losing nearly 11% of its value versus the dollar since January and 15% over the last 12 months. The short-term (2-year) bond yields...
euro is getting weaker as food and energy crisis in the EU zone soars, ECB didn't hike interest rate yet signaling for more selling pressure on EURO. targeting the EURUSD 1:1 peg.
Just an idea and trade at your own risk. EURUSD is still bearish and in its downtrend channel and if next support (demand zone) parity level breaks, next target is into the lower channel of the downtrend and the next support zone at area 0.90.
Today, we will check the EURUSD pair technical analysis in the Monthly timeframe chart. The EURUSD pair has been in a downtrend structure for 14 years , and the chart follows a Double Zigzag Correction based on Elliott Wave theory. The Structure of the microwave C of Main wave Y is Expanding Ending Diagonal . Most probably, microwave 2 of the...
Fundamentals: - massive drop from the tops - still good bussinses - incoming football championships in the 2022 should boost the price AT: - reached the strong support, should at least made a correction up - signal candle for trend change to upside but this is only my point of view, not a recomendation.I wonder what do You think about this idea. Up, Down or...
Reading charts is just one part of trading a bear market, another highly significant part is a solid understanding of market psychology, heuristics and biases. Having spent 14 years in a QE fuelled bull market where there were few inexplicable events and certainly no major forced liquidation events, it is easy to understand why so many participants get so excited...
The last short brought a good return. Not there is a good chance, for a second round. From my perspective this entry has technically and fundamentally a very good risk/reward.
Last warning, every man for himself. Without words.
EUR/USD 🔼 GBP/USD ▶️ AUD/USD 🔼 USD/CAD 🔽 XAU ▶️ WTI 🔼 In their respective speeches, the leaders from the European Central Bank and Reserve Bank of Australia (RBA) both agreed for raising interest rates to limit inflation within 2-3%, while hinting at returning to more rounds. EUR/USD managed to close at 1.0509, currently on the rebound to 1.0530. In his speech,...
Hey traders, in the coming week we are monitoring EURGBP for a buying opportunity around 0.854 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.