Hello traders,The EUR/USD pair faced a strong barrier at the resistance of the ascending corrective channel, to bounce downwards and test the pivotal support floor of 1.0640, affected by the negativity of the Stochastic indicator. As we mentioned this morning, the price needs to consolidate above this level for the bullish trend scenario to remain effective, with...
Pair : EURUSD ( Euro / U.S Dollar ) Description : Completed the Breakout of the Upper Trend Line of the Corrective Pattern " Bearish Channel " in LTF. It has Rejected the LL - LH Trend and started making HL - HH. It has Completed " abc " Corrective Wave and Break of Structure with Retracement Entry Precautions : Wait until it Completes the Retracement and Rejection
💡 EURUSD H1 uptrend continued when the price broke out and created a new high with a strong upward momentum yesterday. Due to the additional breakout in D1, EURUSD H1 is now favorable to wait to buy. The buy zone will be below, where the upper border was broken. If EURUSD H1 is pushed lower, the price action will form a false breakout signal, forming the basis for...
H1 - Strong bullish momentum. Higher Highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks.
EURUSD New forecast The euro/dollar pair pushed upwards to breach the level of 1.0631 and settle above it, beginning the upward correction of the entire decline that was measured from 1.1275 to 1.0448, on its way to achieving positive goals that begin with breaking and holding above the 1.0700 level to reach the levels of 1.0718 and 1.0761. Therefore, the...
At present, we're witnessing a noteworthy shift in the dynamics of the EURUSD currency pair. In the context of this, a notable inverse relationship becomes apparent when we consider the Dollar Index (DXY), which is retracing in higher timeframes. The USD current weakness is paving the way for bullish momentum with the EURUSD. In our video, we delve into several...
Hello Traders Based on past action of price i analysis the bullish movement for Eurusd . Good luck ________________ OANDA:EURUSD
👋Good day, traders! 📈EUR/USD, having completed a three-month downward trend due to the fall of the USD and breaking through the important resistance level of 1.06350, has created conditions for growth and the formation of a new upward trend towards the target levels of 1.07550, 1.08600, 1.10000, and 1.10800. However, the trade is considered risky until the body...
EURUSD as been shared previously, has continued upwards to take out the previous 4 hour swing high. But now, would price reverse to the downside to do justice to sell-side liquidity...? Feel free to share your thoughts guys😃.
Some EUR News 💡The ECB will hold a policy meeting next week, and market participants will closely monitor changes in economic direction and sentiment that could impact foreign exchange markets. 💡The ECB could start talks on changes to the Pandemic Emergency Purchase Program (PEPP). Any significant changes or signs of monetary tightening could impact financial...
On my previous idea, M30 candles was idle on the Support Bed for some times and when the London Market opens it went to her Mother Resistance just to kiss and say goodbye again. The Retracement and Correction are still elusive to catch so be gentle on your decision on whether you Buy or Sell but for me I am just patiently waiting the Candles to give some kisses...
EURUSD New forecast The euro versus the dollar pair continues to fluctuate between the pivotal levels represented by the support at 1.0550 and the resistance at 1.0631, which keeps our neutral position in place until now, and the price faces a conflict between technical factors that makes us wait for confirmation of the breach of one of the mentioned levels and...
EUR/USD Resistance Level 2: 1.0650 Resistance level 1: 1.0600 Spot price: 1.0582 Support bit 1: 1.0530 Support bit 2: 1.0448 EUR/USD rose 0.04% to 1.0593. The dollar retreated in a technical profit correction after Federal Reserve Chairman Jerome Powell said rising market interest rates may reduce the need for the Fed to take action. EUR/USD continues to find...
There are some candles that hit the M30 Support and now they are moving sideways.. H4 Support is still in the picture as long as the Daily candle is open..
💡The amplitude of EURUSD on the H4 frame is getting narrower, we will wait to see if it will break out of the margin, or if it will continue to narrow the amplitude. ✔️If it still runs in a narrow range, we can wait to Buy at 1.0535. ✔️If it breaks out of the border, we will sell at 1.0515
Based on my TA, 4H candles will play tug of war between Support and Resistance before it totally breaks the Trend (also depends on the on-going conflict of Israel and Palestine). If you have a floating Buy or Sell, better let it float and set SL or TP.
Hello traders, EUR/USD is knocking at the dynamic resistance on the 4Hour chart once again. Now, this area is critical as it determines what the next direction for EUR/USD will be. As per my analysis, EUR/USD will go bullish in the next few weeks. So, if the 1.0580-1.06 zone is broken with a strong bullish candle, we can expect 1.0750 and even 1.09 in the next...
EURUSD New forecast The EUR/USD pair crossed the resistance of the descending channel and settled above it, providing signs of an attempt to start an upward correction in the intraday term, but we notice that the price is returning to providing negative trades, heading towards testing the breached resistance, which is now turning into support at 1.0550. The...