Hello traders, Here's another update on EUR/USD in a 3-hour timeframe. After a continuous drop in the EUR/USD, it has finally reached close to the previous support level ($1.052). This area is going to be crucial for the EUR/USD to decide where it will head next. As far as I am concerned, the EUR/USD must bounce back soon. The invalidation point will be a close...
Euro Trims Losses Against US Dollar Post-Fed Event In the aftermath of the recent Federal Reserve (Fed) event, the Euro (EUR) found itself on a backfoot against the US Dollar (USD), but it managed to regain some ground. Here's a look at the key events and dynamics shaping the EUR/USD currency pair's movement. Euro in Decline Post-Fed: The Euro had been facing...
Frankfurt, Reuters - In the ongoing fight against inflation, European Central Bank (ECB) policymakers are gearing up for a significant shift in strategy. They are set to deliberate on ways to address the vast pool of excess liquidity inundating banks, with the possibility of raising reserve requirements emerging as the initial tactic. This pivotal discussion is...
Global debt reached a record high of $307 trillion in the second quarter, despite higher interest rates limiting bank lending. The United States and Japan were the main drivers of this increase, according to the Institute of International Finance (IIF). The IIF's report revealed that global debt in dollar terms rose by $10 trillion in the first half of 2023 and by...
EURUSD If the direction stabilized under 1.0691 it will touch 1.0636 then 1.0603 then 1.0550 if the direction reversed above 1.0744 and closed it will touch 1.0775 then 1.0828 then 1.0907 between 1.0603 and 1.0775 will be the change zone resistance line : 1.0636,1.0603,1.0550 support line: 1.0775,1.0828,1.0907
You can see possible scenarios on the chart. the price after taking the sell-side liquidity can move higher to break the previous high and then touch the bearish order block. What I expect is the price test the lower price again and then start to move up. (Scenario 1) Since the price collected sell-side liquidity, it is possible to move to higher prices from...
Hello Traders In This Chart EURUSD DAILY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Weekly Analysis of #EURUSD, Monday, September 10, 2023 In the weekly chart of #EURUSD, the price has broken out of the #ascending channel and crossed below the 50-day moving average. Consequently, the market structure appears bearish or corrective. In the current week's trading, if selling pressure continues and the $1.07 rate is breached, the #EURUSD pair...
The euro's decline slowed down against dollar. It may also want to take in upward sell orders. While I think the price's ultimate target is below 1.080, we could see a spike to 1.096 before that.
The price movement fulfilled my previous idea publication. What do I expect next?? EURUSD is expected to potentially fulfill a Fibonacci retracement to the 1.07658 resistance level before declining further to the next significant support level at 1.06375.
After price falling during the NFP and the unemployment rate last Friday, 1st September, price is expected to continue falling but will make a pull back to the 1.08364 level which is in line with the fibo retracement level. The retracement will be due to the DXY index weakness on the 104.0 support. Price could push down to the declining channel resistance level...
EURUSD is technically ripe to long significantly if the 4Hr, candle closes above the EMA-50 at 1.08645. The target price is at 1.09459 with a potential to long further to 1.10656 The price on the other hand will continue to decline into the descending channel if the candles mentioned above closes below the EMA-50.
Hello dear traders, The EUR/USD currency pair is in an upward channel on the daily timeframe. Given the areas of supply and demand, as well as the liquidity present at the green levels, trading in this area can be logical. The trigger for entering this trade is the breaking of the downtrend line, which is indicated by the purple color. This means that we are not...
There is an important point, the daily trend is still in an uptrend, but once it broke the support from 1,083, the possibility for 1,063 remains open, it will be an interesting week next one.
FX:EURUSD OANDA:EURUSD Hello Traders, please check out my previous ideas. Continuing from the previous analytical scenario, if the euro stabilizes above the red zone (crossing the weekly Bollinger midline), the price can climb up to the right shoulder. In the opposite scenario, if the price does not follow the conditions of the previous scenario, the...
Update from the analysis I posted a couple weeks back. Currently looking for short trades but nothing long term. Still bullish when it come to the swing structure. NB: Weekly time frame is bearish and the bullish price action is a weekly pullback. If the weekly internal structure becomes bearish I will communicate
Well, since there was a BoS on the 4hrs we just need to wait for the market to come to our demand region and look for buys.
The EURUSD has exhibited an upward trend, likely influenced by a slight decline in the Dollar, possibly linked to the ongoing Jackson Hole Symposium, which holds significance for various markets awaiting insights from FED Chair Jerome Powell. When considering both fundamental and technical perspectives, our stance remains bullish on the dollar, unless there is a...