EURUSD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% fib retracement level.
If the sell momentum continues the next target could be 1.0690.
What you guys think of this idea?
The Fixed Range Volume Profile (FRVP) has long been favoured by traders for its ability to accurately predict the market direction and key turning points. However, its complex appearance can put some traders off. In this FXOpen article, we’ll take a deep dive into the FRVP, how to use it in a trading strategy, and some common mistakes to avoid.
The Fixed Range...
Preferred direction: BUY
Comment: On February 20, the currency pair made a good movement towards our target of 1.09000 . We need to remind you that first of all we expect the level of 1.08500 . At the moment, scenario №1 is active, but as part of a short-term transaction, you can consider buying from current prices, using a small stop loss. A protect-order...
EXPECTATION: EURUSD on the 4H has made an iBOS. After an internal BOS we expect an internal pullback. There was no 4H supply mitigation, so I am expecting the BSLQ to get swept first, to then facilitate the pullback into 4H demand.
EUR/USD consolidates gains above 1.0800, awaits Fed Minutes
From a technical point of view, EUR/USD’s daily chart shows its closing in the green for a fifth consecutive day. The same chart shows it trades above converging 20 and 100 Simple Moving Averages (SMAs) in the 1.0790 price zone, while it retreated from around a flat 200 SMA, currently around 1.0825....
EURUSD looks bullish making higher high and higher low and we can also see bullish divergence and strong breakout that's why i am taking long entry here, what do you think ?
EURUSD is finally leaving a bearish trend and trying to becaming bullish. Dollar is strong, but i expect weakness in the next days. I placed a long limit order at support zone at 1.0785 but i am also entering long now, target resistance area at 1.09
Hello traders,
The price does everything as i said, soo now i on the D tf i have the conformation where the price want to go.
Now on the D tf, im expecting for the price to go down again for the lqy and to re-test previous IC.
There im watching for the but order. Today is USD FOMC News so be careful.
The Euro (EUR/USD) is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 1.08030
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 1.07861
Why we like it:
There is a pullback support that aligns close to the 38.2% Fibonacci...
Yesterday EURUSD broke over 1,0800 and held on these levels.
There are no buy grounds at the current levels.
Upon a drop we will be looking for reaction from the support levels.
A reason and a good ratio are required for an entry.
Meanwhile we’re looking at other instruments for better opportunities.
This is my Intraday analysis on EURUSD for 21 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish
INT Bullish
Swing Pullback Phase
3.
After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback.
We are currently within a...
If the price can stabilize above the current support range, the continuation of the upward trend will be likely. Otherwise, by crossing the 100% level, a downward or corrective trend will be formed
📈The EURUSD successfully surpassed and closed above an important daily resistance level.
This broken resistance has now transformed into a level of support.
As a result, we can expect a bullish trend to continue from this broken structure towards the next resistance point.
Hello fellow Traders!
On today's analysis chart, the EURUSD pair is trading around 1,081 and there is a sign of confluence between the resistance and the EMA 34 and 89.
My outlook for EURUSD is bullish. How about you ?
FX:EURUSD
The currency pair EURUSD has been exhibiting a solid downtrend, adhering strictly to the trendline until the price started consolidating at the lows, indicating a possible shift in momentum. The recent break of this trendline suggests a potential bullish movement in the near future. However, at the .618 on the Fib, the price broke structure to the...
