Hello Traders, here is the full analysis for this pair, drop a like to support the creation of more free analysis and let me know in the comment section below also if you have any questions
Hello Traders!
If someone has not noticed, then EURUSD has been in the falling channel for a year now and you should not buy it especially now.
The price is near the important resistance line of the falling channel and until this line is broken, I do not recommend buying the euro.
My forecast is that the price after touching this line will begin to fall, breaking...
Pattern: Channel Down on 1M.
Signal: Bearish as the price has entered the Lower High divergence zone (if the current is also -0.40% lower from the March - June Lower High range).
Target: 1.0800 (even though the -4.65% extension can go as low as 1.0700).
NOTE: The same pattern has been followed in the past for successful trades as seen...
Oversold position, we can expect the market to make a correction based on the indicators.
The euro made a nice bounce up with the good Brexit news but next week the euro zone has to face another problem 25% taxes on new products by the USA.
hey traders,
this week is very very bullish for EURUSD.
If you analyze price action on a daily tf
you may notice than we haven't seen a pullback for quite a while.
Yesterdays, pair has reached key level of resistance 1.113 and, for now, buyers do not push the market higher.
I believe that there is a high chance to see a...
The Dollar has been weak due rate cut expectations.
The Euro's econ reports have not been much better.
Others have gained much more against the dollar.
Plotted are some upcoming resistance zones to watch.
US session about to open, might be some profit taking.
But be prepared for a Bull Trap above resistance first.
.
See some of my other Forex calls below.
I...
For this setup we have:
-Elliott Wave Count projecting a wave 4 completion as resistance
-Trendline and channel as resistance (respected through multiple touches)
-Fibonacci resistance (38.2 & 61.8 from major swings)
-Daily 200 EMA as a significant dynamic resistance
-Overall downtrend to support the sell setup
Looking for entries in the area identified, the...
the asset more than its daily course has already passed.
at a higher volume, he approached the level.
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Today is important. So is tomorrow. This market has been in a steady downtrend for some time now, with regular oscillations indicative of healthy profit taking activity. Both the US and European markets are going through turbulent times manifesting in US/China trade talks, calls for impeachment over alleged improper presidential activities and last minute...
Got a perfect downtrend on EURUSD. price is expected to drop at the support. wait for a BEARISH engulfing pattern for a sniper entry or for safety you can always wait for a break out on the trendline. take trade at your own risk!!. feel free to leave comments
The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.
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