🚨EURUSD: A Correction is Possible Before The Next Price Move
After the FOMC the price went up a few pips but didn't go up
a lot. The FOMC was in line with what was expected.
Also from the ECB during the next day, we did not see anything special and the price was almost flat during this day.
The third day after the US released very good data related to NFP...
EUR-USD retested the
Rising support line and
We are already seeing a
Bullish rebound so I think
That the pair will go up
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The EURUSD hit today the 1day MA50 after a very long time, more specifically the November 4th. This is the opportunity that long term traders have been waiting for to buy as it also came very close to the bottom of the 3 month Channel Up. The previous two Higher High legs have been around +5%. A repeat of such rise will push the price as high as the 1.11850...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
The price perfectly fulfills my last idea. The market fell from resistance and reached the target. Price is heading towards the main support level at 1.07000 and phe price bounced off it . If price makes double bottom or fake break a support level the price potentially can go higher. I think price might go up to 1.0800 resistance zone because the trend is still...
Initially, we were expecting for the price to re-visit the 1.093 area of resistance before initiating a full-scale drop and reaching the 1.07 area of crucial support that aligns with the 0.618 Fibonacci retracement level. Now that the price has nicely lined up at the local support level, we are awaiting some confirmations and a nice bottom formation before...
The market bounced off the support level. The market broke the range zone and ascending channel. Price formed double bottom at the support and made fake break with divergence. Price may go higher to retest the resistance from swing zone. The market reached a global trendline on the higher timeframes. I expect the price to retest range zone. My goal is to...
EURUSD has formed an advance harmonics pattern on its hourly chart (Crab).
The price is trading above the Entry level EL: 1.07108.
62% AD: 1.09286
79% AD: 1.09747
127% AD: 1.11073
162% AD: 1.12012
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Here is a detailed update top-down analysis for EURUSD .
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Early in the European session, the EUR/USD dipped around 1.0700 but held above it. Jerome Powell, the chairman of the FOMC, and other ECB officials are scheduled to speak to the public soon. Until then, the pair is unable to decide which way to go. The Fibonacci 61.8% retracement level of the most recent rise for the EUR/USD remains within touching distance, and...
EURUSD dropped lower and reached a dynamic support level (lower channel border).
The market is approaching a conflunece zone where psychological level 1.0700 + 61.8% Fibonacci and dynamic support.
We anticipate bullish moves until price action breaks and closes below the support, which signals a trend shift.
Share your opinion in the...
As traders wait for the preliminary German inflation statistics to be released, the EUR/USD pair is fluctuating in a very small range near 1.0730. The State of the Union (SOTU) remarks made by US President Joe Biden regarding the ongoing dispute with China had no effect on market players' willingness to take risks.
Weighed down by US Treasury yields, the US...
The possible trend of Euro / U.S. Dollar is drawn on the chart and all the important supply and demand zones (Order Blocks and Breaker Blocks) are also marked on the chart! (pay special attention to the prices marked on the chart)
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⚠️ This Analysis will be updated ...
EURUSD broke the consolidation and pulled back from major.
Price is in the consolidation zone, meaning that there's indecision in the market. But we can see two big green bullish candles.
Following the momentum move, price action is printing small red candles, and price could potentially break and close above the resistance.
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.