Is EURUSD getting bid after massive sell rally?
As the price is been on strong bearish trend but now it seems like price is getting some bullish momentum after reaching at support level and simultaneously has completed bullish harmonic pattern.
If the bulls took control , the 1st target could be 1.0860 followed by 1.0960.
What you guys think of it?
Hello traders,I have determined the formation target on the chart. I wish everyone success.
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Good luck
Technically, EUR/USD has formed a BULLISH BAT harmonic pattern in the four-hour period, and according to the candles formed on the chart, there is a possibility that the price will increase to the 50% Fibo resistance in the range of 1.0853.
EUR/USD (Forex) on a 30min timeframe. Briefly overview Forex pairs and compare them with what is happening during this crypto pullback. Wait for a retest till that supply/resistance level for a potential short/sell position.
Trade with a trend (the trend is your friend) until it breaks towards the other side.
EU keeps taking out the higher timeframe lows, after this last break I would expect a nice mitigation up to the supply area where I will be looking for some new short positions.
EU is showing some nice bearish movement, breaking 4hr weak lows over and over again.
Currently price broke another 4hr weak low, would be nice if we could get a nice mitigation back up into the supply area so we can look for new shorts down to the next 4hr weak low.
The market is losing momentum at the support level, and I think it will move sideways until the NY session. Keep in mind that there is news coming out later that could move the market in any direction. I expect the market to move up and then downward to retest the February low. My goal is the support level at 1.07000
FVG at the level of previous breaker block and market structure break.
Clear target at 2R around 1.0795, but has potential to go even further.
Entry: 1.0842
SL: 1.0865
TP1: 1.0795
TP2: 1.0762
could even go lower, depends on DXY.
Trade invalidated if TP1 level reached before pullback back up into the FVG entry area.
The EUR/USD pair faced significant bearish pressure during the American session on Monday, plunging to its lowest level since mid-February, breaching below the key support at 1.0750. The pair's next potential support zone looms at 1.0700, unless it manages to stabilize above the 1.0760 mark.
This downward movement in EUR/USD followed the release of US ISM...
Using cloning rules on the daily. Looking to take the EUR/USD down to 1.51. Stop loss set for any reversal and looking for a 2:1 return from the trade.
The EURUSD pair quickly hit our 1.07250 Target, which we set on our most recent sell signal (March 27, see chart below):
Moving out to the 1D time-frame we can see that this is the Bearish Leg of the long-term Channel Down pattern that started at the beginning of the year and we are only halfway through it. Also the pair just completed the first Death Cross...
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In the ever-evolving landscape of currency markets, the Euro (EUR) continues to captivate traders and analysts alike with its potential for volatility and opportunity. As a seasoned financial analysis expert, I offer a fresh perspective on the current dynamics of the EUR, shedding light on potential pathways for traders seeking to navigate this dynamic...
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Disclaimer: Trading the financial market carries huge risk, my contents and materials are based on my own personal...
