Here is my latest structure analysis and important key levels to watch on EURUSD next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
A move to the downside seems reasonable when it comes to trend following
EURUSD has been providing successive low risk signals inside the 2024 Channel Down, as every crossing over the 4H MA50 is a technical sell opportunity. The 1D technical outlook remains bearish (RSI = 36.769, MACD = -0.004, ADX = 25.401) which continues to justify selling inside the Channel Down pattern. We are waiting for yet another 4H MA50 breach in order to...
we are marking structure on 4h tf. eur/usd is making lower lows and lower highs indicating a downtrend and marking resistance on 4h tf. when London opens at 3 am EST 30m and 1h close below resistance. we are taking a short entry there. we have CPI, PMI, retail sales and multiple fed member speaks. monitor economic events closely and manage your position.
EURUSD is trading inside a Channel Down ever since it made a High on December 28th 2023 with the 1D technical outlook steadily bearish (RSI = 39.870, MACD = -0.004, ADX = 22.645). After the price crossed under the 4H MA50 on January 2nd 2024, every time it recovered over it, the most optimal sell opportunity emerged for the short term. As long as the 4H MA200...
I expect a bearish movement from intraday horizontal resistance on EURUSD. I see a nice double top with strong rejections and confirmed neckline breakout. I expect a bearish movement at least to 1.0763 ❤️Please, support my work with like, thank you!❤️
EUR-USD fell down but Has reached a horizontal Support of 1.07361 from Where I think we will See a bullish rebound !
The EURUSD is currently situated in the Daily Demand area, signaling a possible dominance of buyers. The existing upward trend remains intact unless there is a break below the critical Higher Low level at 1.07250. Being within the Daily Demand zone, the EURUSD indicates a positive outlook for buyers, with the upward trend likely to persist as long as the crucial...
EURUSD may retrace from a key daily structure support. After its test, the price broke and closed above a resistance line of a falling wedge pattern on a 4H time frame. It feels like the price may bounce ahead of FED rate decision tonight. ❤️Please, support my work with like, thank you!❤️
EUR-USD broke out of The narrowing wedge pattern To the upside and the price Is now going up again So I will be expecting A local move up !
In our examination of EURUSD, it's crucial to emphasize the existence of a double bottom pattern. This pattern, combined with robust support observed within the Fibonacci levels ranging from 0.5 to 0.6, amplifies the importance of the current scenario. It indicates a compelling scenario for a potential upward trend, potentially leading to a substantial gain in...
Pair : EURUSD ( Euro / U.S Dollar ) Description : Falling Wedge as an Corrective Pattern in Long Time Frame. Completed Impulsive Waves " 12345 " Bearish and " AB " Corrective Waves. Exp FIAT as an Correction in Short Time Frame need to wait until it Rejects from Upper Trend Line or Demand Zone
EURUSD is bearish on the 1D timeframe (RSI = 35.647, MACD = -0.002, ADX = 40.063) as it maintains the declining trend since the December 28th High and the pattern that prevailed has been a Channel Down. Ahead of a 4H Death Cross, the 4H RSI is rising after being oversold two days ago on a technical Bullish Divergence that looks very much like the one that started...
Outlook for EUR/USD: Davos Insights and Fed Speeches Several ECB officials are expressing opposition to rate cuts, potentially helping to curb losses in the EUR/USD, which is currently testing the 61.8% Fibonacci level after a more than 0.7% drop. Davos has prompted ECB officials to share their views on the Euro Area's prospects and their positions on the...
Pair : EURUSD ( Euro / U.S Dollar ) Description : Impulse and Correction Completed making its Impulse Again. Symmetrical Triangle as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Rejection from Previous Support to Complete its Retracement
Expanding upon our prior analysis, the Euro has reached the predetermined target at 1.08991 and is currently exhibiting a strong positive response within this specific zone. This observed market behavior instills confidence, and we foresee a prolonged upward trajectory in the Euro-Dollar chart in the hours ahead. This ongoing positive trend reinforces our...
EUR/USD Analysis: Targeting a breakout to the downside? The EUR/USD currency pair seems poised for a technical breakout. Analysing the 8-hour chart reveals a consolidation phase since the start of the year, following a decline below 1.1000, with this mark acting as a resistance level on two occasions since then. Currently, EUR/USD is resembling a...
EURUSD is neutral on all high timeframes with our focus on this analysis in particular being on the 1M timeframe (RSI = 51.643, MACD = -0.007, ADX = 25.957). The reason is because we want to keep ourselves aware of what the underlying long term trend is. And based on the 1M RSI it is bearish, as the indicator shows a peak. It is the same peak that for the last 10...