After the rally from the low eurusd stucks around 50-38.2 area of fibo. And it finds barrier to go further upside after hitting SMA 50. Meanwhile the ichimoku is still showing bearish trend. So I have defined a suitable zone to sell and possible area to take profit, it is at least below 0.99. Trade well and wisely.
Inflation in the USA is soaring and the FED is taking steps to address this. As long as the ECB keeps its dovish stance towards tapering QE or increasing interest rates, the direction will remain unchanged. The price might create some corrective waves but I am confident we will see 1.0500 by the end of May 2022.
An analysis of a variety of time frames ranging from the daily to the monthly month time frame suggests that the EURUSD price will continue to be observed in a down trending environment, which started June, 2021. In July, 2022, the EURUSD price may find support around $0.99xxx and resistance around $1.03xxx. In the daily time frame, the EURUSD may continue to...
15 mins chart is indicating probably eurusd will fall again. The risk is above 1.0181 (senkou b). Trade well. Trade wisely. 🙏🙏🙏
Great setup for a sell position! Price has returned back to previous support, tagged POI OB now we could see a strong momentum to the downside. Let see what happens.
Overall trend is bearish, we see price pulling back to retest previous high time frame supply. If the price reacts well around this area, we could see a strong sell to next demand zone.
flag pattern in downtrend of eurusd chart should be wait for confirmation
Today, the US inflation rate release caused a lot of commotion. The price could move higher, but I think we need to retest the 1.1350 area before it breaks the 1.1520 resistance.
By looking for the looming news, at this point, speculative interest has priced in that the US Federal Reserve will likely announce a doubling of its bond-buying program tapering. The Fed decided in November that the economy was strong enough to trim financial support, particularly as inflationary pressures remain high. The central bank announced it would reduce...
Shorting EUR....TPs Are Shown on the chart....The Idea is backes up bu Fed tapering plans
On EURUSD I expect one short push to the upside then a drop. Our target is at 1.1500 zone. That's the target. Use proper money management.
eurusd is bearish in a descending channel with wave 5 of correction wave C set to complete(take profit region)
Short EURUSD Just an idea and an update on my previous views
According to 4h downtrend, Fibonacci, and 50 EMA of GBPUSD chart we have 3 level of TPs with partial exits including: TP1: 1.3643 with 70% partial exit TP2: 1.3615 with 70% partial exit of remaining (21% of total) TP3: 1.3578 with 100% partial exit of remaining (9% of total) and SL is 1.389 Notice: In half way of SL (when stop loss area Proceeds 50%) (HERE IS...
you can wait for a better entry, but still short;
I will look for a buy on DXY at the 92.20 level if we trade there which I'm thinking would be around the Non Farm Payroll news event. If we get a trade there i will be looking to trade up into the 92.80 level for a HOTW.
The price has beautifully sketched 5 impulse waves on the weekly chart and possibly half of the 3 corrective waves. There is still time to trade inside the 3 corrective waves until the end of the year.