I believe EUR has completed the small wave 5 and is transitioning into the larger wave 3. We may wait for a few more candlesticks before entering a buy order.
"This week, the euro experienced modest fluctuations against major counterparts, driven by mixed economic data releases. Despite brief volatility, it maintained a relatively stable position amid ongoing global uncertainties."
Not beyond our prediction, EURUSD continues to reverse when it hits the limit of the bearish channel, the price may move outside the channel with today's trading level around 1,083-1,091 and loss of 0.11% on the day. . However, at the end of the day we will receive very important news, Non Farm news may have a downward trend if the USD once again increases in price.
Expecting EURUSD to fall per our chart analysis. Follow our page for more content as this.
The term “bearish” means a trader is pessimistic and that the price will go lower from where it currently is. If you are bearish on a market, you believe that the market is going to fall. A “bearish market” is when the price is in a downtrend, marked by lower highs and lower lows.
I Love Trading NFP. So much liquidity. The market obeys its own rules, I have nothing to fear. I just have to see it before hand. Which I do.
EURUSD is neutral on its 1D technical outlook (RSI = 49.712, MACD = -0.001, ADX = 26.518) and that's exactly how we can characterize its trend on the medium term. Even though both this week and the previous closed on flat 1W candles, the pair remains inside a Channel Down that has just formed a 1D Death Cross. For now that is bearish and that's what we remain,...
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates...
Just a quick EU update. Closing my positons on EU as even though US news was good for the dollar and we had an intial drop from the news, it rallied back up quick, and for that reason, I want to wait until next week to see what will happen and wait for another shift to the downside or up. Patience is the key here to catch huge moves.
43 Captured Pips on the Non-Farm News (Direction was established at 6:30 am (NY) Then took retracement trade at 10am (NY) for another 34 pips. Onto next week... Have a great weekend everyone. - JS
This is my Intraday analysis on EURUSD for 5 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish / Continuation INT Bearish / Pullback Phase 2. Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg. As...
As we can see that EURUSD is forming a inverted H&S pattern so we can plan long trade over here. For Targets refer to the chart above.
Hi folks today I'm prepared for you Euro analytics. Some time ago price fell to the support zone, which coincided with the 1.0730 support level, and at once turned around and made a strong impulse up to the resistance level. After this, the price made a small correction movement and later continued to move up, and soon EUR reached a resistance level, which...
FX:EURUSD is moving toward the resistance zone following the rejection. The price formed a long-tailed bar on the daily timeframe by grabbing liquidity above the previous week high. Basically, it created a fake breakout of the PWH. CAPITALCOM:DXY also bounced off the support level. I expect the price to move upward, make a fake breakout, and then form a...
EUR/USD is keeping its side trend intact in the European hours on Easter Monday. The pair lacks a clear directional impetus amid thin liquidity conditions and a broadly muted US Dollar, as investors weigh June Fed rate cut bets ahead of US PMI data.
Well, first I must say the whole scenario is a low probability because NFP data will be released today, so stick to your money management system. By examining the daily and hourly EURUSD chart we can figure out, that the price grabbed the buy side liquidity and created the bearish breaker with bearish FVG, also this breaker aligns with the 50% of daily candle...
FX:EURUSD is unfolding within the framework of the downtrend. The price fails to reach the key support and gains a buyer amid the correction of the dollar index. The market is waiting for NonFarm Payrolls Chart on D1 - price has no clear global trend, the market is in neutral flat. A false breakdown of the ascending support line is formed, after which the...