As expect EURUSD has slowly moved towards the resistance level. At this point, there are two possibilities: 1) Price can break the resistance - EURUSD can break the 1.1910 resistance level and continue the uptrend. 2) Price can reverse from the resistance - EURUSD can also reverse from this resistance level and drop towards 1.1700 support level. To trade...
Looking to enter on the retest of the higher high that was just broken. SL under the previous higher low, target 1-3RR.
1.1700 level is strong support for EURUSD whereas 1.1910 is the resistance level. Currently, price is moving back and forth within this tight range. However, 1.850 is also a minor resistance now and price can fall back to the support level after hitting 1.1850 this week. A strong break of the 1.17 level will lead to further decline in EURUSD whereas a break...
The euro versus greenback ended buying and selling yesterday with a powerful rise, stabilizing above the EMA50, to nullify the bearish corrective state of affairs and lead the worth to renew the principle bullish pattern, on its option to head in the direction of 1.1908 as a subsequent main station. Thus, the bullish bias can be anticipated for as we speak, noting...
EURUSD is trading above the key moving average on the 4H chart, which indicates that the uptrend is intact. The recent pullback is probably a correction rather than a reversal. As long as price stays above the support area that I have highlighted in my chart, the uptrend is likely to continue. I will be looking at buy entries between 1.1700-1.1740 support area...
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The pair is corrected down in opposition to the robust native overboughtness in anticipation of the Fed's financial coverage assembly final result. It could decline in the present day earlier than getting a brand new increase for progress. Technical facet: The worth is above the centre Bollinger band, above SMA 5 and SMA 14. RSI is popping out of the overbought...
EURUSD pulled back on Friday as USD gained some strength. However, price is still above the crucial 1.17 level, which is the confluence of the support area and the 100H EMA on the 4H chart. If EURUSD stays above the 1.17 level, then we can expect a continuation of the uptrend. However, a break below the 1.17 level will be negative for the buyers.
The Euro rallied rather significantly during the week but has given back a significant amount of gains to create a scenario where the possibility of a further decline is possible. As the EUR/USD pair finished the week a little below 1.1800 mark, after advancing in the previous six weeks and reaching the lowest level in three days. With over 381pips in our...
In my previous EURUSD ideas, I have been telling you to buy it since 1.1700 levels and I also mentioned price will reach 1.19 level( see previous idea links attached below) As you can see, price reached 1.19 level yesterday. However, it reversed from the 1.19 level creating a double top formation. If the bears can maintain their hold on this pair, it is...
Looking for some bearish into next week.
Good morning, everyone! The new week is opening with a local correction and it is obvious that the instrument is overbought. But there is no rush to open short positions, as the pair is trading near 1M trendline which is a very strong resistance and a lot of squeezes might happen nowadays: Look at the 1W timeframe: EURUSD has a remain a strong...
EURUSD is above the 100 Hour EMA in the hourly chart. As the uptrend is unbroken, the bullish may continue till price reaches 1.18. The rectangular area that I have highlighted in my chart could be a potential Buy Zone. However, if price breaks this area, then we can say that the uptrend has been broken.
GBPUSD and EURUSD tend to follow similar patterns as they correlate together I am anticipating price testing hourly support before shooting off to a weekly resistance level The 50MA will be tested and then price should bounce off of it.. I will look at the 15m chart for entry
Afternoon Traders, we have had a continuation of the uptrend, however I am seeing exhaustion within the Euro at least for now! this exhaustion is indicated by the red arrows large upper wick candles suggesting we are potentially seeing early signs of a potential short term reversal, before price continues pushing forward. The level of interest will be the...
EU LONG IDEA. THE PICE REACHED A PREVIOUSLY RESPECTED SUPPORT/TREND LINE. LOOKING AT THE PREVIOUS UPWARD PUSH WE COULD EASILY BAG BETWEEN 40 AND 50 PIPS.
Afternoon Trader, As we can see we have had weakness from the dollar, price action has been pushing up very well in favour of the euro, I've highlighted my area of interest ideal if we have a push down into this area i will be looking for an entry long as illustrated, given if price action confirms the entry. Alternatively, we may get a break of the lower...
Good morning Traders, I hope you have all had a good weekend, As I've been stating in my earlier ideas we are coming into the 1.1490 area, this will be an interesting level, given the buying power that is still within the market as price action is indicating, at this current moment. We could have price action that spills out as illustrated, If we do Id be...