EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in the risk mood after the previous flight to safety weighed on the US Dollar ahead of the weekend and helped the pair move higher. The driving force for recovery was the selling pressure on the USD when the DXY index dropped to 105.78. However, the bullish outlook for...
Not unexpectedly, EURUSD began to adjust yesterday after a strong decline. The price officially confirmed the new bottom and lifted the pair towards 1.0678 in the first trading hours of Thursday! Accordingly, the EURUSD rally is underpinned by renewed selling pressure in the US Dollar and a risk-friendly environment. Markets remain optimistic about avoiding a...
Hello Traders.. Another week and more price action to anticipate in the Forex market. EurUsd: As we enter the 4th week of April our Monthly candle is still bearish with a solid bearish body. Last week we came very close to a Monthly support level at 1.057. The low of the week was on Tuesday and coincided with a Hawkish Fed speech. The weekly candle closed bullish...
In the 4-hour timeframe, EUR/USD appears to be exhibiting a bearish trend as it tracks within a descending channel pattern. This pattern suggests that sellers are exerting control over the market, leading to lower highs and lower lows. Traders may look for opportunities to enter short positions, targeting potential support levels within the channel. However, it's...
On an hourly timefraame, EURUSD printed Bullish Divergence followed by a Bullish Pennant Pattern suggesting a Bullish shift. Entry is suggested on the breakout of previous high with a stop loss on previous low. TP levels are suggested with Risk Reward Ratio of 1:1 and 1:2
Hello traders.. EurUsd is about 87 pips from our monthly support level at 1.057.. not too far. The closest we've come was last Tuesday during the hawkish fed speech. Protecting against higher inflation is indeed important and slowing down economic growth as a result may be the only way. The weekly candle is back to being at Break even. The Daily candle today...
Waiting for a retest of 1.06959 or 1.07244 to short EURUSD back to Daily swing low at 1.04500 If you agree drop a like and if you have any questions leave a comment :)
Hello Traders, I hope you doing great. for upcoming week, I think we'll probably see an Upward trend on EURUSD and a downward correction on DXY$. if this post was helpful to you, please like and share.
EURUSD Failed twice to break above the consolidation zone and i think it will go down in the next few days.
My bias for EURUSD is similar to GBPUSD, as I'm seeking selling opportunities towards a demand zone. There's a 10-hour supply zone that I'm eyeing for potential sells to continue the downtrend. I'll be waiting for a high to be swept during a Wyckoff distribution before entering my sell positions. Following this, I anticipate price to decline towards the 3-hour...
Recently, the situation in the Middle East has been relatively stable. Although Iran and Israel have their own quarrels, no obvious conflict has been seen, which means that the two sides have reached a certain consensus and have entered the stage of quarreling. As long as either party does not cross the threshold, the overall situation can be resolved. Therefore,...
Hello traders.. Unfortunately, as War Conflict continues in the Middle east, the USD is feeding on the Fear and Uncertainty by acting as a safe haven during the final Asian session of the week. Earlier & During NY today, roughly 20 minutes before NYSE open, at price 1.06638, I created an update to our previous EurUsd Analysis. I mentioned that price may instead be...
Hello traders, on account of US Dollar demand across the board due to news about the escalating Iran-Israel conflict, EUR/USD fell quite rapidly during the Asian Trading session on Friday. However, I saw the dip as a buying opportunity believing a market recovery is on the cards. Besides, the 1.06 level remained unbroken too. I bought EUR/USD@1.0615 with my...
'Playing' channel from December 2022 and price have tendency to go down but in first part of April will probably go up bewtween 1.080 to 1.085. We have also the same squeezing triangle with the support in the middle of channel . .
Technical analysis OANDA:EURUSD OANDA:EURUSD fluctuates in a narrow range above 1.0600 on Tuesday as the better-than-expected Economic Sentiment data from Germany helps the Euro hold its ground. Fed Chairman Powell will speak on the policy outlook later in the day. OANDA:EURUSD edged slightly higher after testing 1.0600. The Relative Strength...
Head and shoulder formation on 1D chart. Possible downside of EURUSD pair
EU Looks Weak, So taking sells from that H1 IFVG after H1 Created a Sellside FVG Trading inside and away from H4 Sellside FVG.
Ttaders, We monitor price to buy at: _106250 ~ 1.06350 Stop loss 20 pip Target : 1.071 Have fun