Yesterday NFP news was come in the favor of USD, but market react against the news. This is making sense that USD has no power and by this EURUSD seems more bullish.
- On the H4 timeframe, EURUSD came to test the resistance turned support zone at 1.02000, where a breakthrough led its ascent to the next resistance zone at 1.04650. Price retraced back down to the previous demand zone again, where it was aided by upbeat economic data in the EU and a confirmation of rate hike slow downs in the US to ascend back to the 1.04650...
In medium term EURUSD breaks the Resistance zone of 1.1370 to 1.1400 levels. we can expect the this bullish momentum upto 1.0525 level.
The Euro experienced a rapid ascent on 10 November following the Dollar’s nosedive after lower than expected US inflation data was released the same day. Traders temporarily hesitated at the psychological barrier of 1.01800, but gave way to recent Dollar weakness that extended the bullish bias. Once again, price encountered a barrier at the 1.03200 resistance zone...
Nice move up last night as expected so trade is running risk free and trading above that minor resistance I pointed out, Should see price tap into 0.99 where ill be taking some profit!
Trade plan: buy the dip sell the rally. First target is at new highs
On the H1 time frame prices are approaching resistance at 1.0020 where a break and close above this zone could act as support and provide the bullish acceleration to the next resistance zone at 1.0120, which coincides with the 50% Fibonacci retracement. Stochastic is facing bullish pressure from its support as well with more upside in line with prices.
The EURUSD is near it's major support level and there is much chances that it will rise from the define support. Better to look buying opportunity on it.
On the H4 time frame, a pullback to the support zone at 1.0230 presents an opportunity to play the bounce to the resistance target at 1.0380. This resistance target coincides with the 50% Fibonacci retracement and the resistance-turned-support graphical level. Prices are also holding above the ascending channel and 30 EMA supporting the bullish bias.
EURUSD has played out as analysed in the previous post ( Check Related ideas). Nothing has really changed despite the messy price action because everything in the market is DELIBERATE: if you pay close attention you will understand the HOW and the WHY. It is always good prctise to hold until SL or TP and manage it inbetween. Goodluck!
After the big sideway, the price broke up.. retest expected for potential bull
The market made double bottom and now moving upside. Further Dollar Index getting weaker, so by this EURUSD will go more up.
Dollar index seems little bit weak to next week and by this we can assume that EURUSD will rise further we can see that EURUSD ha took support from double bottom which is giving much appreciation for buyers.
its seems the the EUR/USD is gonna go bulish if it hits the key area 1.101 ( that shown in purple ) duo to high volume in that area and also strong support level as you can see, and acording to the Elliot Empolse theory it gonna go up ( impolse wave ) OANDA:EURUSD please do not trade according to my ideas i am just sharing what i think :)
On the H2 time frame, prices are showing bullish order flow, with the break of the recent high where we could see a deeper pullback into the daily leg before prices continue to the downside. A pullback to the support zone at 1.10000, in line with the ascending trend line, 61.8% Fibonacci retracement and 61.8% Fibonacci extension provides an opportunity to play the...
Price been slow and messy on EURUSD buy its showing the right signs for its next move to the upside. 1.12600 is the area I'm watching for further rejection to confirm a buy signal.
Still searching for long positions on EURUSD, price may even return back down to the support of 1.12600 this would be ideal entry level, but will monitor price over the next day
Finally looking for some upside on EURUSD with 1.12600 been the best area for entry. Price is starting to push up now so an extended push on this could create a new trend to the upside with may change my entry areas slightly.