Having fallen for six consecutive days, bearish momentum on EUR/USD is beginning to fade. Tuesday's low also held above the 1.06 level and 71.6% Fibonacci level whilst RSI (14) and (2) are in oversold levels on the daily chart. The 4-hour chart shows bullish divergences on the RSIs, so the bias is to seek dips towards 1.06 for a long towards 1.0650 at a minimum....
EURUSD is bearish till my golden and final zone. The EUR/USD pair is one of the most widely traded currency pairs in the world. It represents the exchange rate between the euro, the official currency of the Eurozone, and the US dollar, the currency of the United States. Traders and investors closely monitor this pair because it reflects the relative strength of...
EURUSD has breached its trendline on the 4-hour chart, signaling a bullish breakout. Traders may anticipate further upward momentum as the pair defies previous resistance. This development could attract more buyers and drive the currency pair higher.
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...
Hi fellow traders, EURUSD has reached the blue box after completing the ABC corrective structure. Target the previous top. Good luck and trade safe!
AUD USD is currently retesting a major key support level. Waiting for candlestick confirmation patterns to get a sell entry
As price has push into the resistance zone Impulsively due to today's economic news. And it sold off impulsively also. I'm looking forward for a valid formation of a continuation pattern to cement my sell bias on this pair. If you found this helpful, please support your fellow trader with a like.
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
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...
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...
EURUSD Failed twice to break above the consolidation zone and i think it will go down in the next few days.
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 :)
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...