Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some time ago started to grow from the support line and soon reached the seller zone, which coincided with the resistance level, after which made small movement down. Next, the price reached the resistance level again and then fell to the support line,...
The EUR/USD pair continues to grow after experiencing a pullback on Wednesday. Traders are closely monitoring today's US Initial Jobless Claims report, which is forecasted to show a modest drop in new US jobless benefit claims to 235K from the previous 242K. Despite this anticipated decrease, the claims are still expected to exceed the four-week running average of...
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.06000 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.06000 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURAUD for a selling opportunity around 1.61700 zone, EURAUD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.61700 support and resistance area. Trade safe, Joe.
EUR/USD is rising towards a resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0768 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.0818 Why we like it: There is a pullback resistance...
EURJPY - 24h expiry We are trading at overbought extremes. Price action looks to be forming a top. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look to sell rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at...
EUR/USD Outlook Current Outlook: The price is expected to trade in the bullish zone, having reversed and stabilized above the pivot zone. Bearish Scenario: The price would need to reverse and stabilize below 1.0707 to initiate a bearish trend. Bullish Scenario: As long as the price remains above 1.0740, the bullish trend is expected to continue,...
EURUSD on the daily time frame is bearish and in a downtrend channel. Correction might be underway to fill up the gap and retest the broken uptrend line at area 1.08 - 1.085 which is the previous support zone and currently the resistance zone, before the next big drop to the lower of the down channel at area 1.0450 - 1.05.
EURUSD is bearish on the 4H, Daily, and Weekly timeframes. EURUSD broke the correction uptrend channel last Friday at area 1.0850. Next target is to the lower channel of the downtrend at area 1.05.
The EUR/USD currency pair experienced a notable upward movement on Monday, following a rebound from critical support levels around 1.0700 and 1.0640 during the early European session. This rebound marks a significant shift after a period of pressure, largely attributed to potential risks emerging from France's financial situation. The speculation that Marine Le...
Hello traders, The bearish channel is obvious in the chart! you can see that upward moves are weak but the downwards are so strong. I consider the trend to be bearish. However, while my total bias over the pair is still bearish I think any breaks over the zone might lead the price to reach the next strong zone which is around 1.0790 At the same time breaking the...
By taking a deeper look at Daily chart we could easily see a bearish move! Latest reaction was to top of the channel an we are going to reach to bottom of the channel. However, We see the RSI is forming a trend line which seems hard to be broken down. I think we could see a reversal to MA of RSI. So we might have one or two range days. Therefore we are both ready...
Price is has reacted off the pivot and could potentially rise to the 1st resistance which acts as a pullback resistance. Pivot: 1.0724 1st Support: 1.0685 1st Resistance: 1.0790 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Following Wednesday's surge, EUR/USD reversed course and experienced significant losses on Thursday. The pair remains under pressure on Friday, trading at its lowest level since early May, just below 1.0700. This downturn reflects the broader market sentiment and the evolving economic landscape. The shift in risk sentiment helped the US Dollar (USD) gain strength...
Recovery euro + dovis usd ent : 0.8432 sl :0.8375 tp: 0.8520
The EURUSD pair isn't diverging from our original plan (June 04 idea, see chart below) and is extending the new Bearish Leg of the 6-month Channel Down: Today it tested the 4H MA50 (blue trend-line) of a counter-trend rebound, which has take place during both previous Bearish Legs. The 1st time was +1.12% and the 2nd +1.50% that even broke above the 4H MA200...
The EUR/USD pair is trading higher on Tuesday, following a pullback to the support level at 1.06690, which coincides with the 78.6% Fibonacci retracement from the previous swing low. This support area has provided a strong foundation for the pair, allowing it to gain upward momentum. Traders are closely monitoring the upcoming US Retail Sales data, particularly...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to flat, where it at once bounced up to $1.0890 level from $1.0770 level. Then it turned around and little declined, after which price some time traded in flat and then made upward impulse. Price exited from flat, and then...