EUR-USD is trading in an
Uptrend and the pair broke
The key horizontal level
And the breakout is confirmed
On the daily timeframe so
As the pair is now retesting
The support is seems that
It is a perfect time to go long
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The price perfectly fulfills my last idea. The price fell from main resistance zone and price hit the target.The market tested range zone and fell below it. I think the market might go down again if price rolls back to range zone because the price was rejected multiple times before and on the daily timeframe the price formed a fake break of the resistance level....
📊ON-BALANCE VOLUME(OVB) IS:
On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in the price.The theory behind OBV is based on the distinction between smart money – namely, institutional investors – and less sophisticated retail investors. As mutual funds and pension funds begin to buy into an issue that...
One quick reason why I think this is just a bear market rally on BTC.. EU is a good measure for risk on assets, this dive it took below the MAJOR lows of the past decade with zero pull backs makes me think this is a dead cat bounce to retest that break out into a black swan to supply... gl!
US Nonfarm Payrolls report is expected to show 185K job gains in January, lowest number in more than two years.
On February 3rd at 13.30 GMT, the US Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) report. The market anticipates that during January, the US economy created 185K new employment. A worse-than-expected result appears to be in...
Hello traders ,what do you think about EURUSD? This pair has reached a good support zone , and we expect it to grow from this zone to at least the 1.12 area
If this post was useful to you, do not forget to like and comment.❤️
EURUSD showed huge volatility last session. Fundamental factors shook up the price and the whole market of intraday traders. The price makes two false breaks. After the retest of the support, a bounce up is formed.
The trend remains upward, the psychological target of 1.10000 is ahead, but before that the price will have to overcome the zone of 1.09267.
our short from 1.1020 is running:
and soon Tps on the chart will hit and a massive amount of fall here is expected like what we said in past analyses.
DISCLAIMER: ((trade based on your own decision))
The EUR/USD pair erased a significant part of Wednesday’s Fed-induced rally as European Central Bank’s (ECB) President Christine Lagarde delivered a cautious press conference, which weighed on the euro.
At the time of writing, the EUR/USD trades at the 1.0915 area, posting a 0.65% daily loss, after printing its highest level in nine months at 1.1085. At the same...
EURUSD returned to consolidation zone at 1.09300 and 1.08400 level .
Price action has previously rebounded from the zone.
Price action is likely to move down from the confluence zone.
We expect a pullback from the resistance level .
Share your opinion in the comments and support the idea with like. Thanks for your support!
This week, EURUSD set a new higher high higher close on a daily time frame again.
The price has successfully violated 1.091 - 1.093 horizontal resistance.
Now the price retraced.
I will expect the next bullish wave from a confluence zone based the underlined horizontal structure
and a major rising trend line.
Goals: 1.103 / 1.11
❤️Please, support my work...
• If price corrects and a larger one hour flag forms, then I'll be looking to get short with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
The price surged on the economic news. It is testing resistance and upper border of the ascending channel after breaking the range zone. The market probably will go to ranging again because after impulse leg the market went to ranging before or it will retrace. I think the market may go down if price makes a fakeout of the main resistance zone at 1.1000. My target...
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.