EURUSD pulled back on Friday as USD gained some strength. However, price is still above the crucial 1.17 level, which is the confluence of the support area and the 100H EMA on the 4H chart.
If EURUSD stays above the 1.17 level, then we can expect a continuation of the uptrend.
However, a break below the 1.17 level will be negative for the buyers.
I am expecting a further sell on EURUSD
✔a breakout of the bearish trend
✔ a strong resistance serving as new support for sell
✔ a complete 5 wave impulse structure must be followed by a corrective move to minimum of 38.2 fib level
The Euro rallied rather significantly during the week but has given back a significant amount of gains to create a scenario where the possibility of a further decline is possible. As the EUR/USD pair finished the week a little below 1.1800 mark, after advancing in the previous six weeks and reaching the lowest level in three days. With over 381pips in our...
As long as EUR/USD Holding above ascending channel and price 1.1690, it has a chance to test the 1.2000 area. only breaking below 1.1690 will lead for sell. EU funding and USD's weakness is helping EUR to rise upside. The short term uptrend is still valid as long as EUR/USD above 1.1690.
EUR/USD Buy Zone @1.1750
Triple top formation caused price to sell towards the middle trend line before seeing some resistance. Price will either respect this trend line and buy towards upper trend Resistance Trend line or break and retest for the continuation of a sell towards the lower support Trend line .
EURUSD at year trendline with a bit of fake breakout ( at least it seems like it) while DXY also at a monthly chart trendline this can be a good opportunity with good risk reward ratio
Im shorting here and holding the trade for long time
Watch price action for corrections to add on
In my previous EURUSD ideas(idea links attached below), I highlighted the support zone that sits in the 1.1690-1.1720 area.
As I predicted, EURUSD went up almost 100 pips from my highlighted support area.
Price is also above the 100H EMA and the overall market structure is Bullish.
So, I am expecting a continuation of the uptrend till the price reaches 1.19...
EUR/USD is currently in a corrective consolidation.
It has completed the waves A and B and is now due for wave C.
Further, the resistance of 1.19 proves to be a tough nut for the bulls and hence we expect the pair to retreat to the support.
If you like the analysis, hit the like button.
EURUSD approaching it top resistance at 1.4522 as per the channel on 1hr chart.
A short call is must, target will be close to 1.365
Analysis for educational purpose.
In my previous EURUSD ideas, I have been telling you to buy it since 1.1700 levels and I also mentioned price will reach 1.19 level( see previous idea links attached below)
As you can see, price reached 1.19 level yesterday.
However, it reversed from the 1.19 level...
The only foreign money fluctuated the euro in a slim vary tilted to the upside in the course of the Asian session to witness its bounce for the second session from its lowest since July 27 towards the US greenback earlier than the developments and financial information anticipated on Tuesday by the economies of the euro space and the US economic system the biggest...