Hello my friends, today I want to talk with you about EUR.
Price broke our triangle and reached strong support area twice.
I think that Euro can't break at this moment this area.
So we can wait for new move up.
I believe that price will pull back and will start growing.
I see resistance line as a nearest target.
So be ready for such scenario.
This is an...
The Narrative for this trade set up is called 'The Daily Sniper Heist'
End of Asian Session The High or Low is taken out before the start of London Session. Look for your favorite bearish or bullish candle patterns they will appear.
Then The Low or High is set by 10am.
10am the market reaches for buy side liquidity (London payout) DBP PLAY Straight into...
EUR
FUNDAMENTAL OUTLOOK: NEUTRAL
BASELINE
The EUR has had a bumpy ride over the past few months. At the onset of the war in Ukraine the EUR tumbled across the board. However, in recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank confirming at least a 25bsp hike for July and possibility of a 50bsp hike in...
Taking a quick look at the chart, you will see clearly that EURUSD is on a very downward slope. There is a lot of Sellside Liquidity below the current double Bottom, that will be the next target for price followed by the region at 0.82-ish
*NB
price is in a 4h range and taped at resistance, projecting price to tap the given support . with that being said support was tested and based upon range technicals (price consolidates between support and resistance )
(FOR THE REVERSAL )
-tap major support 4H / 1H
-tap hidden demand 1H
-15M BOS HL NEEDED FOR ENTRY
(FOR THE TARGET)
-OB (UNTESTED) 4H
-SUPPLY...
Major support is the green zone on the chart and previous daily low support is also there so we are looking for a range market here or pump.
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EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
My bias on EU still remain bearish, but we might see some retracement to the upside which might hit the 1.05535 level before we see sellers coming in back, and don't forget we have the NFP this Friday it might change the whole market direction and if EURUSD break the 1.03704 level because that level seems to be a very strong support level looking at the higher...
Everything is ready for climbing
A double bottom can be seen in the 1H time frame
In the 4H time frame, in the support (demand) range, we see the morning star by looking at the candles
So this will be our first scenario for climbing
But if this range does not support the price, we will follow it downwards
The market made double bottom and now moving upside. Further Dollar Index getting weaker, so by this EURUSD will go more up.
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FX:EURUSD
EURUSD
above 1.0400 & 1.0355 have a bullish direction
Target is 1.0492 & 1.0572 & 1.0637 & 1.0760
but If retract and stable under 1.0340 the direction will be strong bearish
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.
FXCM
