EUR/USD :::
The price has entered the specified range, now it is time to return to the 1.08 range.
The price performed the correction movements that were predicted well, now it is time to move towards
Support lines .
<<<< Analyze simply with The_Best_Trader_1991 >>>>
Eurusd - H4 - price has finally broken a recent demand and shows supply has entered the market.. same time dollar index is breaking out an accumulation phase so expect huge downside for this pair from now on
We are marching towards the 1.10 WEEKLY SUPPLY/SELL zone after breaking through 1.08 post CPI yesterday price has also created a new high in the current leg also creating a newly formed DEMAND/BUY zone around 1.06.
Because we are also taking out previous swing highs off the last downtrend and creating new DEMAND/BUY zones on the way up it looks like we are now...
The EURUSD pair is bullish in the short-term, however, a correction may occur if the price rejects at the current level of 1.09070. The outcome of the February rate decision may also greatly impact the value of the pair. Traders and investors should keep a close eye on the market and be prepared for any fluctuations.
Fellow traders and investors, it would be...
EUR/USD :::
The price has not touched the ceiling of the channel and in the first step it is expected to touch the ceiling of the channel and then move towards the support lines .
If the first line is broken, the price will be suffering for a while, and if it can break the second line that has created a triangle, the price will decrease quickly .
Eurusd - H4 - This pair went on a liquidity and stop hunt since the start of this year breaking monthly key levels. Now price has reversed on H4 and same time dollar index still holding its monthly demand zone so I'm expecting a complete reversal on Eurusd price action to heavy bearish from here on.. long term targets 0.90- 0.8500
EUR-USD is trading in a strong uptrend
But the pair is clearly overbought
And has just hit a rising resistance
So I think that we might see
A pullback and a bearish correction !!
EUR/USD :::
The price has created an ascending channel with its movement in the last 60 days and it is expected to reach its ceiling again and after hitting the ceiling of the channel it will once again return to the support lines .
Please consider and calculate loss before profit and manage risk properly
We are trying to enter support and resistance areas with the lowest amount of stop loss and the highest amount of expected profits
If this idea suits you, please like and follow me
thanks
Currency Pair : EURUSD
Possible direction : Short-term Bearish
Technical Analysis : After strong bullish move EURUSD is currently forming a reversal to come for a deeper retracement to previous resistance turns support. As the price already reached important level of resistance without significant retracement, highly likely price will pullback to...
According to SMC , We have a trade entry for short on EUR/USD pair as following :
ENTRY @ 1.06579
SL @ 1.06831
TP @ 1.05819
RRR : 1:3.02
GOOD LUCK GUYS ...
