Hi Traders! EURUSD looks to be continuing to the downside, and there is potential for a support price break. Here are the details: The market continues to swing lower with lower highs and lower lows; the price has also broken below the 20 EMA recently. We are looking for the market to remain below the 20 EMA to continue downwards towards the support area....
EURUSD was rejected twice at the Resistance Zone and ended last week with a bear bar closing on its low! Should we short here? How do we trade this? 🤔 Short answer (pun intended!), yes! My analysis from last week showed the price action around 1.078 which is right on the EMA support ribbons. Too far away from resistance to short, too far away from the Support...
EURUSD price action hasn't changed much, we see the price still trading around the daily and weekly resistance zones. Currently there is no signal of price reduction so it is impossible to sell. For the time being, please continue to monitor this current resistance area. If the price forms a nice sell-down signal or in a low time frame you see the price changing...
The downward trend for EURUSD is anticipated to persist, having peaked at 1.10 last week before a rapid retreat. The failure to breach this resistance level for the second time signals robust downward pressure against bullish movements. Although short-term corrections may occur in the upcoming week, the overall outlook favors a decline. The potential liquidity...
EURUSD rejected nicely off of the Resistance Zone at 1.10 and fell to 1.07300! If you shorted at the Resistance Zone per my last analysis, hold that short! It's reasonable to take profits here around 1:1 Risk/Reward and swing the latter half, but will we make it to the bottom? How do we trade this? 🤔 If you're not currently in a trade, I would wait until the...
Hi Traders! EURUSD is now under pressure following the NFP report. Momentum is now back with the US dollar, and further downside momentum looks very likely. Here are the details: The market is trending down following the break and close below the 20 EMA. There is a possibility of the market going back below the 1.07 handle. Preferred Direction: Sell Entry...
H4 - Bearish divergence. Most recent uptrend line breakout. Expecting short term bearish moves to happen here. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the strong resistance zone holds my short term view remains bearish here.
EURUSD made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action. How do we trade this? 🤔 The conditions at this moment make it reasonable to short , but there is a caveat! It's very possible the price pulls back a bit to the resistance zone for another...
Daily demand zone for long 1.0728-1.0665, stop loss: 1.0640, target: 1.0990.
Recently, there was an anticipation of a pullback or correction in the EURUSD currency pair. This correction was expected if the current peak reached the level of 1.10000. However, the US dollar strengthened without a deceptive upward movement, compelling its major rivals to retreat. Despite this, an overshoot is anticipated, likely leading to the subsequent...
EURUSD is pushing toward the resistance zone which gives the bulls some tingly senses to take profit and run the price back to the downside. Will the Dollar show strength this week and keep EURUSD from breaking resistance? How do we trade this? The price is currently in a trading range between 1.05000 and 1.10000 and we're getting close to the resistance zone...
After beeing stopped out of my last Short at EURUSD (See related idea). I took a look at the monthly chart. Price is currently at a big support level. If we should see further movement down, (i would prefer to see 2 monthly open and closes under "Support area 1) i will look to short on a retest of said support area. SL would be based on a LTF however i would not...
big demand zone for long i.e. 1.0725-1.0680, stop loss: 1.0640, target: 1.0930.
I'm sorry for sniffing loudly like that. I'm still recovering from catarrh, cough and other upper respiratory tract infection related sickness. I made a full breakdown of this pair, analyzing what I expect to happen on this pair. If you liked the video, please follow me and give me a boost.
I'm sorry I'm unable to make a video today. I'm currently down with ear pain, catarrh, cough and sore throat, and they're killing my voice. For today, I'm not expecting much. The price appears to be rejecting the weekly 50% fib level I have been talking about. This means there's a possibility for a move downwards today too. On the 4h timeframe, the price looks...
Demand zone for long 1.0715-1.0670. stop loss: 1.0645, target: 1.0910
This is a fully detailed top down analysis on eurusd. In the video, I talked about the pair from the weekly timeframe, showing what I expect the price to do over the next week and also explaining how it relates to what I expect the price to do today. I dropped down the daily and 4h timeframes and also explained their relationship and why I expect the price to...
From the daily timeframe, you can see that eurusd is in an upward channel. I will expect to see the channel last for the next few weeks because there's a possibility that the price will touch a weekly resistance zone for a retracement up above. However, the price moves in trends and made a higher high two weeks ago. Throughout last week, the price has been on a...