🏃♂️ EURUSD is moving in the 🟢 Support zone($1.0695-$1.0626) 🟢, but I expect it to be broken based on the explanation below 👇. 🌊According to the theory of Elliot waves , EURUSD seems to have completed the Double Three Correction(WXY ) in the 🟢 Support zone($1.0695-$1.0626) 🟢. 📈Regarding Classic Technical Analysis , EURUSD has successfully formed an ...
The European Central Bank is poised to initiate interest rate reductions in June, potentially leading to a further weakening of the Euro in the coming weeks. In contrast, rate cut expectations in the US have significantly diminished since the end of last year. Financial markets now anticipate, at best, a maximum of two 25-basis point cuts in 2024. Some analysts...
By checking the #euro_dollar chart in the 2-hour time frame, we can see that exactly as we expected, the price entered the desired demand range and started to grow from the same zone, and with more than 70 pips of yield, it was able to grow above 1.069! I still believe that by maintaining the support of the 1.064 range, the price can penetrate to higher levels and...
Very clear SK sequence ON EUR/USD DAILY Time Frame,, Go Short When The Price Touch The 0.618 Of The Fibo...... Good Luck And Happy Trading
In the daily time, it moved up after a complete 5-wave cycle, which is currently correcting the previous movement wave in a complex three-wave cycle. The last correction log after the breaking of the support area that corrected itself at 61.8 the previous wave has broken the area downwards, which is currently a resistance area for it. This upward correction wave...
Hello dear traders, 📊 EUR/USD is in a holding pattern ahead of major US economic data 📉 Resistance looms near 1.08000 while support holds at 1.06000. Traders are on edge as key reports like non-farm payrolls and Fed announcements approach 📈 Positive US data could give USD a boost, pushing EUR/USD down, while weaker data might lead to a breakout 📉 Conservative...
Hello traders! ‼️ This is my perspective on EURUSD. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill that huge imbalance higher and then to reject from bearish order block + institutional mid figure 1.08500. Fundamental news: Upcoming week is...
The price perfectly fulfilled my previous idea. It hit the target zone. FX:EURUSD rebounded from the support level at 1.07100, and it's heading towards the next resistance zone. On the daily timeframe, we have a bullish move followed by a doji candle. This suggests the price might rise because the market broke the structure and made a higher high. The market, as...
Market Outlook Ahead of The FOMC In focus GOLD, DXY, EURUSD, USDJPY and AUDNZD In this video analysis, I explain the possible impact of the FOMC and what we can expect for next week. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Hello everyone! I shared a buy opportunity on FX:EURUSD earlier today that got stopped out unfortunately but I think everything happens for a reason and we managed to get a entry even lower for a better possibility to catch the reversal. This trade gonna require a lot of mental and patience however my positions are in BE and login deleted on metatrader....
By checking the #Euro_Dollar chart in the 2-hour time frame, we can see that the price moved to higher targets exactly as we expected, and we have seen +90 pips yield up to this moment! As you can see on the chart, the price has currently reached a supply range and that is why the initial reaction to it was negative! Therse is a possibility of price correction up...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
The observed trend suggests a potential emergence of a hidden bearish divergence, characterized by a scenario where the Relative Strength Index (RSI) is anticipated to traverse into oversold territory while concurrently surpassing its preceding high, juxtaposed against the market's formation of a subsequent lower high. This divergence pattern typically signifies...
EURUSD is currently exhibiting a downward trend. Economic factors: Weakening economic data from the eurozone, such as slowing GDP growth, rising unemployment, and declining manufacturing activity, could be weighing on the euro.
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in the risk mood after the previous flight to safety weighed on the US Dollar ahead of the weekend and helped the pair move higher. The driving force for recovery was the selling pressure on the USD when the DXY index dropped to 105.78. However, the bullish outlook for...
EUR USD PRICE - GOING TO BALANCE THE LIQUIDITY AT UPSIDE, here we can see that price already in a down trend got a break out from that price moving to up side to fill the liquidity make a long entry as shown in the picture follow for more live updates...
Everything is clear on chart , if you disagree please let me know why in comments . For more ideas please like and subscribe . Good luck .
FX:EURUSD moved higher after breaking a previous daily high. It is heading towards the next key resistance, where we had an impulse movement two weeks ago. The price will most likely bounce off the resistance if we get a rejection candle, which will indicate a liquidity grab above the PDH. Generally, the market is at the 50% retracement level of the massive...