EURUSD bearish setup.look for sell opportunities only. Follow us for more forex signals
EURUSD: The EUR nowadays did now no longer decline however as a substitute is shifting up close to the 1.0740 resistance region. This is because of the weakening of the USD. Currently, due to the fact DXY is damaged and is possibly to maintain to weaken, nowadays`s model ace can pay interest to NONFARM. It is anticipated that EURUSD will possibly retest across the...
EUR/USD clings to recovery gains near 1.0650 EUR/USD trades in positive territory near 1.0650 on Wednesday. The US Dollar sees a modest retreat, helping the pair recover previous losses. The EUR/USD rebound, however, appears limited amid Fed-ECB policy divergence. ECB and Fed speeches eyed. The Relative Strength Index (RSI) indicator on the 4-hour chart rose...
Hello everyone. Today, EURUSD remains stable with little change compared to yesterday. This stability is widely agreed upon and may continue until the end of the day and beyond, with the Bollinger Band indicator showing movement ranging from resistance at 1.089 to support at 1.090. At the time of writing, the price is at 1.090, down 0.03% for the day, as...
In the dynamic landscape of global finance, the Euro stands as a cornerstone of economic integration and stability. As a seasoned financial analyst, I am compelled to unravel the intricate dynamics surrounding this resilient currency, exploring its significance and implications within the ever-evolving world of finance. The Euro, introduced in 1999, has since...
In the realm of global finance, the EUR remains a focal point of analysis and speculation. Recent movements in currency markets have drawn attention to the EUR's performance, prompting investors and analysts to closely monitor its fluctuations. From economic data releases to geopolitical developments, various factors contribute to shaping the EUR's trajectory...
The analysis on EUR/USD reveals strong bearish pressure, pushing the cross to its lowest level since mid-February, dipping below the 1.0751 mark. The daily chart shows EUR/USD confined within a 20-pip range below the 1.0804 level, corresponding to the 61.8% Fibonacci retracement of the previous rally from 1.0695 to 1.0982. On the 4-hour chart, the 20-period SMA is...
Bollinger Bands Reverting to Test the Center Range.RSI and MACD Analysis: Utilizing Technical Indicators for Buy and Sell Signals in Gold Trading" "When RSI touches the overbought zone and signals a sell, MACD quickly follows suit with a downward crossover, also indicating a sell. Subsequently, the price experiences a sharp decline. Next, RSI moves down to the...
The Euro (EUR) navigates through a complex web of economic crosscurrents as global markets experience turbulence. Amidst challenges such as geopolitical tensions and inflationary pressures, the EUR remains resilient, buoyed by robust monetary policies and a unified regulatory framework within the Eurozone. Investors closely monitor the EUR's performance against...
The downtrend in EURUSD persisted last week, with strong resistance at the 1.080 level failing to propel the Euro higher. Currently trading at 1.073, marking a 0.11% decrease for the day, EURUSD exhibits signs of a forming pattern, as indicated on the 1D chart. In a downtrend, the 1.080 resistance level may react similarly. Theoretically, unless EUR maintains...
In the above chart, you can see that prices are gradually forming lower highs, indicating that the selling side is gaining momentum over the buying side. In most cases, prices will break below the support line and continue to decline. However, in some cases, when the support is too strong, prices will bounce back and establish a strong upward trend. The good news...
One of the most popular methods to identify a rebound is by using Fibonacci levels. Typically, rebounds occur within the 38.2%, 50%, and 61.8% Fibonacci retracement levels before continuing in the prevailing trend. If the price extends beyond these retracement levels, it could signal a potential reversal. It's important to note that we use the term "could" instead...
Bollinger Band Trading Strategy: Buying at Lower Band Touch with Reversion to Mean Place stop-loss below the lower band and take profit above the midline of the band. Set an alert for when the price touches the alert line, then adjust the order. RSI below 30 and trending upwards indicates a buying signal.
The price is currently piercing through the cloud and aiming to overcome the resistance level. I believe the price will soon retrace.
In the ever-changing financial landscape, the Euro (EUR) remains a pivotal currency, subject to various influences and market dynamics. Recent developments have shed light on the complexities and opportunities within the EUR market. Key factors impacting the EUR's trajectory include economic data releases, central bank policies, and geopolitical events. Despite...
Like the previous example, ADX has been below the 20 zone for some time. At that time, EUR was also moving sideways. After ADX increased past 50, EUR also broke its peak and created a strong uptrend
Amidst the evolving global economic landscape, the Euro (EUR) remains a focal point for investors seeking clarity and direction. Recent developments have underscored both challenges and opportunities within the EUR market. Key factors influencing the EUR's performance include economic data releases, central bank policies, and geopolitical events. The EUR's...
What you've just observed is the basics of bouncing back from the Bollinger Bands. The reason for this bounce is because these bands act as dynamic support and resistance. The larger the time frame you use, the stronger the support and resistance from the bands. Many traders have developed trading systems based on this factor. This trading system works best when...