OANDA:EURUSD EUR/USD dumping since late NYSE Thursday, continued into the night through Asian and London sessions. Took a pause during todays NYSE session. The week is over for this King of the Hill currency pair. Trade well, trade smart
price looks to break the trendline with a fairly dominant bearish candle. there are two areas to be a pullback reference before price continues the bearish trend. when I provide fibo retracement, the SnD area intersects with fibo 0.618 & 0.236, is this a coincidence?
At the moment, EUR/USD is trading at 1.0898, which is a resistance area. If it gets rejected from this level, it could potentially move down towards the support area at 1.0846. You can take advantage of this by selling and aiming for a good profit. Set your stop loss at 1.0925 to manage your risk in case the trade goes against you. Disclaimer : Please note that...
The Purchasing Managers' Index (PMI) plays a significant role in evaluating the health of a country's manufacturing sector. The German Manufacturing PMI is a particularly crucial indicator for the Eurozone economy as Germany is the largest economy in the EU. Recently, a bearish trend has been observed in the German Manufacturing PMI, signaling potential...
The future securities contract for the US stock market is trading mostly flat on Wednesday, ahead of the latest testimony from Federal Reserve Chairman Jerome Powell before Congress, and investors are looking for clues about future monetary policy. By 06:45 ET (10:45 GMT), the Dow Jones contract had increased by 15 points, or 0.1%, the S&P 500 contract had risen...
I think the price can be rejected from the resistance range of the previous block and go down to a certain range
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
According to The Guardian on June 8, gross domestic product (GDP) across the eurozone fell 0.1% in the first quarter of this year, worse than the previous forecast that the eurozone economy just stalled. Specifically, Eurozone GDP shrank by 0.1% in the fourth quarter of 2022, meaning that the eurozone economy shrank for two consecutive quarters. The definition of...
Dear traders, EUR/USD has struggled to break the key level of 1.0970. We are seeing the formation of consecutive bearish candlesticks on the daily chart. So, if the resistance level continues to hold, we can expect a moderate pullback in EUR/USD to 1.08 level. I will be looking for sell entries in the 1.0960 level if bearish price action takes place .
Currently EUR/USD is having a slight retracement after all that buying pressure. A strong supply level has turned into a demand level showing bullish signs... I am waiting for a retest into this demand zone and strong bullish price action/MA cross in order to enter. Additional confluence will be this trendline break. I have my TP at the last strong supply zone. My...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Last week, the US Federal Reserve led a meeting with senior central banks to discuss monetary policy. As expected, they decided to pause their year-long cycle of interest rate hikes in order to assess its impact on inflation and the country's economic outlook. The Fed also indicated that there might be a rate hike in the near future, considering that consumer...
Everybody is expecting this move on eurusd thats why I believe it wont happen lol I would like to see the price pushing to the buy-side liquidity right away
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DXY (Dollar Currency Index) is taking its support and chances to reach back to its resistance, if this happened then obviously EURUSD fall first and then rise again.
I placed a short entry with an 11 pip stop loss. I believe that this intraday uptrend is over, and this week will be relatively bearish beginning with last Friday's daily indecision candle and false break of a resistance.
Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: After the change of character now we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement to fill the imbalance and then to reject from bullish order block. Like, comment and subscribe to be in touch with my content!
#EURUSD Is Sell after Complete Retesting phase . Next Week is Most Imp for EURUSD If EURUSD Is Moving Up Then EURUSD is Moving Down.