Eurozone PMIs continued to paint a grim picture for the region’s manufacturing outlook. In Germany, Manufacturing PMIs continued to grind lower despite expectations of a rebound. It now appears clear that the mild optimism around the turn of the year was likely misplaced. That is not hugely relevant for the FX market, anyway. The soft economic outlook in the...
The Euro, Europe's common currency, stands as a symbol of economic integration and unity among nations. Since its introduction, the Euro has played a pivotal role in facilitating trade, investment, and stability across the Eurozone. Born out of the vision for a more unified Europe, the Euro has surpassed expectations, becoming the second most traded currency in...
The market is coming near to 4h Support you can take long 1.08000 for with Stop loss 1.07900 with Take profit 1 @ 1.08200 and Take Profit 2 1.8450 Respectively
Event to watch out for today: 15:00 EET. USD - Fed Board of Governors Chairman Jerome Powell to deliver a speech EURUSD: EUR/USD retreats to the 1.0860 area in the early hours of Asian trading on Friday. The decline of the main pair is supported by the strengthening of the US dollar and rising US Treasury bond yields. Traders are expecting the speech of Fed...
The market reached the resistance zone and then pulled back. FX:EURUSD is testing the channel boundary, and I think the price might break through it because we had big sell pressure. Price action broke Tuesday and Wednesday's lows. This suggests that the price may bounce off the support and form a retracement. I expect a potential breakout of the channel because...
daily liquidity taken ERL-->IRL M5 FVG midpoint entyr 5+R
#EURUSD - H1 📣 Upon analyzing the 1-hour timeframe, we anticipate a price increase towards the range of 1.0970 with the breakout of the key level zone around 1.0911. ⛔ Stop Loss: 1.0860 On the other hand, with the breakdown of the range of 1.0860, one can consider selling with a target of 1.0800. ⛔ Stop Loss: 1.0911 Please note that trading decisions should...
Hello new day, let's discuss and strategize our new day! Overall, EURUSD experienced a significant rally yesterday surpassing the 1.0900 level. It is currently trading at a new high of 1.0928, after hitting 1.0942, marking a 0.05% gain on the day. So what are the reasons and factors that have motivated this currency pair? Regarding impact factors: EURUSD is...
looking a good buy for eurusd. For buying in EUR/USD, typically want to look for key support levels on the chart. there have specific price levels or areas of interest (such as a support level), . Additionally, it's important to consider any recent news or economic events that might impact the EUR/USD pair.
Supply and demand Fib retracement I been trading this pair more and more
update on weekly target aiming minimum 3R for the week
Dear Colleagues, price is in an upward movement of wave 3 of higher order and I expect wave 3 of lower order to start now. All indications are that the upward movement is not over yet. I expect the price to test the support area at 1.08638 and then continue the upward movement at least to the resistance area at 1.09819. Manage your capital correctly and...
If the price changes from the 100% level, the upward trend will be blue color. Otherwise, the downward trend will continue until the next support levels and the specified time range
#EURUSD is currently declining while #DXY is rising higher. I've identified a trading opportunity based on the established pattern. To confirm more accurately, we'll wait for the movements today before the weekly closing.
The EURUSD has rallied on the back of the Fed holding rates and the USD tanking. The move seems over extended and has traded into a key resistance level. On the 1D time frame we can see lower lows/highs and a bearish break of structure. In the video we discuss a possible short if price action sets up the right conditions.
Price failed to break the previous high therefore creating a higher low. price created a huge downward movement and we're looking for price to break previous low then go up
After failing to break the previous high and creating what could possibly be a lower high, we saw price create a huge downward movement. We're expecting it to break previous low and move upwards
EUR/USD retreats to the 1.0860 area during the early Asian trading hours on Friday. The downtick of the major pair is backed by the firmer US Dollar and higher US Treasury bond yields. Traders await the German IFO Business Climate on Friday ahead of the Fed's Chair Powell. On the upside, EUR/USD is expected to face initial resistance at the March high of 1.0981...