Although it looks like USD had a good week, however, when it comes to fundamentals, both currencies have their own issues, but still USD gained against EUR during the previous week. The ECB is increasing its interest rates amid strong inflation figures, but ECB officials still lack potential to convince markets to buy Euro. At the same time, the US Government is...
Here is my view for EURUSD on H1 for May 2nd, 2023. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for EURUSD on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EUR-USD broke the key Horizontal resistance level Of 1.09147 and the breakout Is confirmed even on the 2 H Because the 2H candle closed Above the level which Is now a support, which Combined with the Long-term uptrend and The bullish rebound from The new support after the Retest makes me bullish And the next move is expected To be in the upward direction Towards...
The currency pair EUR/USD experienced a drop to a fresh low of 1.0790 during the day, after reversing from a significant short-term obstacle. The downtrend is further supported by the breaking of a two-week support line, which is now a resistance level, and the calming uptrend of the MACD line. Additionally, the RSI line (14) has fallen to level 50, indicating the...
EUR-USD broke the key Horizontal level and resistance Falling The breakout is confirmed So I am bullish biased And I think that It will go up
EUR-USD fell down sharply But now the pair is retesting a horizontal support From where a local rebound is likely to happen
Following the sharp rise in EUR/USD on Wednesday, EUR/USD turned down on Thursday and took back all the gains of the previous day.However, there was a rebound during Friday time, but the currency pair rebounded on Friday and broke through 1.0600. The trend of the euro reflects that the market situation is still relatively tangled at this stage. On Wednesday,...
EUR-USD is trading in a downtrend In a falling channel and the pair He will re-test the falling resistance line And I think that we will see bearish continuation !
EUR-USD keeps falling And the pair is somewhat Oversold so I think that After the retest of the Level below we will see A local rebound
Series of Lower High and Lower Lows ( Dow Theory) This seems that this instrument will go further down. Trade Plan as follows Short Call Entry Price/Sell Stop : 1.06105 Stop Loss : 1.08084 Target Price1 : 1.04118 Target Price2 : 1.02118 (Lot Size 0.05 on Account Size of 10,000 USD 1% risk)
Today we will be getting German Inflation data within the next 1h and 15m. This German CPI will be in focus as Eurostat had problems in their systems the previous week and they gave an Estimation of Eurozone inflation along with estimating where possibly the German Inflation would land. So at the back of this and while German's economy is 25% of EU's GDP , we are...
Hello traders! ‼️ This is my perspective on EURUSD . Here we have pretty the same scenario as on Gold. I expect price to make a retracement and then to reject from bearish order block + institutional big figure 1.09000. Like, comment and subscribe to be in touch with my content!
USD good new Core Retail Sales m/m 12.4% Retail Sales m/m 17.7% will push eurusd for a short
EURUSD we can see we have many possibilities so dont sell right after the opening of the market just wait till we get a clear confirmation for a good entry , let me know what do you think in a comment
Hello Traders, Another good buying opportunity on EURUSD as the DXY slumps. It's a short term buy so if it fits your strategy, it is trade-able for short term and then we might get a good opportunity to sell from the top. It's not a trade setup and i don't trade until i see if it fits my strategy. Good luck!
Sell below 1.1264. Stop loss at 1.1301. Take profit at 1.1159. Reason for the trading strategy (technically): Price continues to test our resistance as it shapes up nicely for a drop. We remain bearish below major resistance at 1.1264 (Fibonacci extension, horizontal swing high resistance) for a further drop towards 1.1159 support (Fibonacci retracement,...
Sell below 1.1264. Stop loss at 1.1301. Take profit at 1.1159. Reason for the trading strategy (technically): Price has reached our selling area and is testing that level. We remain bearish below major resistance at 1.1264 (Fibonacci extension, horizontal swing high resistance) for a further drop towards 1.1159 support (Fibonacci retracement, horizontal overlap...