Eurusd is still in the trend bearish. If you look at the formation of the bearish channel and the price responds positively to the trendline area and is currently corrected, there are two obstacles to return bullish, namely trendline that must be penetrated and minor high that can also be passed.
The prices are moving towards the base area, aligning with last week's analysis of EURUSD. Dxy's movements suggest that it may weaken soon, and currently, Eurusd is approaching the base area. This could indicate a potential reversal in the near future, although there is also a chance of a fake-out before the reversal occurs.
Last week the price responded well to the resistance area in the red line. There has been no sign of reversal until the market closing. There is a possibility that the bearish movement is limited, where the price will continue bearish with the target in the resistance area and the possibility in that area there is resistance. If you want to do a long, wait until...
6th June Bullish order block, 1.0635 strong support of the year 2023. Demand zone for long 1.0710-1.0670, stop loss below 1.0636, initial target: 1.0840 if breaks and hold then next target level 1.0920.
Eurusd's movement is in accordance with last week's analysis, where prices rise to the red line area. For now there is no strong indication that the price will continue the bullish trend. There is still a possibility that the price of continuing the trend down by making a Wave A-B-C-D-E pattern. Today there will also be news release, avoid speculating for today.
28th August daily inside bar, range confined within the previous bar range. 29th August daily insurance bar dictation for strength in coming days. Demand zone for long 1.0812-1.0770. stop loss: 1.0750, target: 1.0955.
last week's analysis responded positively by the market. the price dropped to the support area and is currently stuck there. if you look at the market pattern, there is a possibility of a simple correction a-b-c with the current price heading to wave c. if you pull the Fibo extension, then the price is right in the 0.786 Fibo area. there is a possibility that the...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Correction in the video: I meant PPI numbers, not CPI*
In this video I share a potential bullish setup for the EUR/USD and what I'm looking for in terms of targets and trend continuation.
The EUR/USD has been on a slight uptrend and continues to make decent pullback dips for us to position ourselves for the next potential swing.
Trading Tip: Use a stop loss...
At the end of the week, the trendline is holding steady and there are limits to the potential returns. However, we can observe that the bearish trendline has been positively responded to three times, which is often a signal that the bearish trend is still dominant. Additionally, there is a liquidity area (highlighted in yellow) below SND that typically receives a...
Finally Eurusd prefers to continue his bearish trend. Seeing the trendline line that occurs, the possibility of forming an expanding triangle. When positive formed an expanding triangle pattern, the possibility of a significant price movement and reversal can occur.
This pair is in a strong support area for closing last week. Where the price is stuck by trendline as support and trying to penetrate SR Flip. If the price goes down again the closest target is SND below. Meanwhile, if the price responds positively to trendline, then the price is likely to be bullish again with the QM area as a target
On Thursday, DXY was become stronger and put EURUSD down, but If you look on the chart, we can see huge Bearish candle which is abnormal as compared to another candle. I believe EURUSD may rise more. Every support is an opportunity to buy.