Yes, EUR/USD has fallen to a key support level around the May low. And that will likely deter some bears around current levels from entering short (depending on their timeframe). But given the potential for for the Fed to deliver a more hawkish message than money markets are pricing in whilst the ECB suggest they are done tightening, we're not discounting the...
After monstrous gains last week from EU bears, is the time up ? 🕓 0:0 Monthly timeframe 2:21 Weekly timeframe 5:28 Daily timeframe 7:00 4hr timeframe 10:27 1hr timeframe There are a few scenarios that we can observe here for Eurusd this week . 1. Eurusd Pulls up prior to Interest rates ( Stays above 1.065 Daily support zone) and continues to retrace with Interest...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
Hey Guys! Here we have the entry with the confirmation, so I explained my expectation in previous analysis, So for now I expect to give us entry in the level we mentioned! Take a proper risk management guys! then wait for the final target which is bottom of the chart! Let's go guys! Any question you know how to reach me out! @FxShzd
Similar to GBP/USD, EUR/USD has been on a relentless downtrend for the last few weeks. However, the price is at a very interesting level now. With FOMC event coming up, let us analyze and see if there is a chance for the bulls. 📌EUR/USD is currently around the key level at 1.0640. Price has in fact, shown a small bounce from this key level. 📌If the support...
#EURUSD expected to rise in the coming days the price is clearly reached the support which was around 1.06330, afterwards we can see that the market found a momentum and pushed up and considering the weak ascending broadening wedge pattern in 30M TF it looks week to push it back down. The price is expected to rise towards the trending line...
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.
We are staying short ahead of next week events, we are targeting possible move to 1.05438.
--------SHORT TERMS CORRECTION--------- Although I am not bullish on EURUSD yet but it needs to correct until FED interest rate decision on Wednesday. I see clear path to the North now. But be aware of FOMC press release after the interest rate decision! New low is possible, I don't see any evidence of reversal.
FX:EURUSD A break below 1.06905 Daily support on EURUSD means we should be looking to continue shorting EURUSD. My prediction for the upcoming week is that EURUSD will move bearish until the 1.05502 Daily support
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...
EUR/USD languishes near six-month low, looks vulnerable below mid-1.0600 EUR/USD vulnerable after decisive break below 1.0700, resuming downtrend. A daily close below 1.0650 suggests the pair remains vulnerable to further losses as it looks for the following support to emerge at 1.0625 and then 1.0595. A rally above 1.0830 will change the current outlook to neutral.
Contrary to GBPUSD, EURUSD ended last week with a very bearish candle, couple with relative equal lows. A point of interest for me at the moment is the Weekly iFVG residing above to be used as resistance, especially if price does not break the nearest Weekly Lows to the left with any conviction. Based on my bullishness on DXY, I see EURUSD digging deeper...
Examining the 4-hour chart of EURUSD, we observe that the price has reached our anticipated level of 1.07080. At this point, there is an 88.6% Fibonacci retracement of the May-July rally. Furthermore, the Relative Strength Index (RSI) for the current pair indicates oversold conditions, suggesting that EURUSD might be poised for a defensive rebound towards levels...
EURUSD Analyze Generally, the direction is a downtrend and now the price is under sell pressure to reach 1.0733 and 1.0705 if can stable under 1.0733 then we will see more bearish but if can stabilize under 1.0733 then the price will rise up and try to reach 1.0760 , 1.0790 , 1.0838 Support line: 1.0705, 1.0676 , 1.0639 resistance line: 1.0760 , 1.0790, 1.0838
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.
EURUSD is currently undergoing a retracement, approaching my initial entry point, which presents an opportune moment for a potential re-entry. Upon the completion of this retracement, I anticipate a continued downward trajectory for EURUSD, potentially leading to the establishment of a new lower low.
The ECB meets later in the session, with policymakers having to decide whether to raise its key interest rate to a record level, or pause its lengthy rate-hiking cycle as the eurozone’s economy deteriorates. The central bank has raised rates at each of its past nine meetings and another increase of 25 basis points would lift the key deposit rate to 4%, the...