In the European trading session on Wednesday, the EUR/USD pair continued to close steadily around the 1.0700 level. Positive sentiment from Germany's IFO psychological data helped stabilize the Euro. On the 4-hour chart, despite recent price declines, the Simple Moving Average SMA 20 remains above the SMA 50 after completing a bullish crossover on Tuesday....
Ive been waiting for eurusd to pull back in between 1.06951 and 1.07285 level due major activity around them levels. If you look on the weekly you can see it much clearer. you can also see that we've got a nice pattern after a huge dump in value. Im expecting EURUSD to drop to atleast 1.06051 this week BUT that depends on the US data thats due this week.
Dear Colleagues, Last week the price fell a lot, which prompted me to revise my wave analysis. Now the price is in a prolonged and complex correction, so I believe that the price will reach the area of 100% Fibonacci extension 1.05684. This will be the completion of small wave "c". Manage your capital correctly and competently! Only enter trades based on...
Greetings, everyone! We’re back with a fresh analysis, and I’m currently seeking a buying opportunity in the EURUSD pair, the price reaches the extreme zone and respond, it presents a highly favorable buying opportunity,
Preferred direction: BUY Comment: After a busy weekend, the market is coming to its senses. There was no downward gap in the euro due to the worsening geopolitical situation in the Middle East. Short-term bearish sentiment remains, but a potential recovery can be expected within this week. Growth is expected towards the level of 1.08000 . Two scenarios are...
H4 FVG filled M15 LIQ taken M15 MSS completed M15 FVG return to H4 liq area. 4.5 R
Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.0676, which is pullback support close to 38.2% Fibo retracement Our take profit will be at 1.0730, an overlap resistance. The stop loss will be placed at 1.0610 which is a multi-swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries...
Not unexpectedly, EURUSD began to adjust yesterday after a strong decline. The price officially confirmed the new bottom and lifted the pair towards 1.0678 in the first trading hours of Thursday! Accordingly, the EURUSD rally is underpinned by renewed selling pressure in the US Dollar and a risk-friendly environment. Markets remain optimistic about avoiding a...
Market rumors tell us that GBP/USD remains guarded, hovering near 1.2350, its lowest fortress since mid-November, when Tuesday's Asian session began. The USD index consolidates its stance above 106.10 while traders bide their time, awaiting S&P Global Purchasing Managers' Index data to be revealed from the US and UK for April, currently leaving GBPUSD in a state...
EUR/USD continues to face downward pressure as it drops below the 1.0650 level during the European trading session on Monday. The renewed strength of the US Dollar does not allow this currency pair to gain traction, especially as focus shifts to the speech by ECB President Lagarde. Chart analysis indicates that EUR/USD is continuing to approach support levels and...
Hello Traders.. Another week and more price action to anticipate in the Forex market. EurUsd: As we enter the 4th week of April our Monthly candle is still bearish with a solid bearish body. Last week we came very close to a Monthly support level at 1.057. The low of the week was on Tuesday and coincided with a Hawkish Fed speech. The weekly candle closed bullish...
EURUSD is bearish till my golden and final zone. The EUR/USD pair is one of the most widely traded currency pairs in the world. It represents the exchange rate between the euro, the official currency of the Eurozone, and the US dollar, the currency of the United States. Traders and investors closely monitor this pair because it reflects the relative strength of...
Market sell order on this pair. It needs to look for down levels before to move up. Good luck.
Looking at EURUSD using SMC. Starting on the HTF, we see a significant downtrend... However, there is a high potential of retracing or pulling back to the (1.07930) level to give balance im price.... therefore entry will be taken from the 30m timeframe at our latest OB that must be retested... entry @ 1.06236 Sl @1.06106 Tp @ 1.07930
Daily timeframe We have broken the head and shoulder pattern and we estimate the downside will be the length of the head and we should wait for price to retrace at least to 31.8% or 50% fib level which come in confluence with the broken support which will act as resistance and trendline too. Follow and comment below for more break down analysis
By checking the #Euro_Dollar chart in the 2-hour time frame, we can see that the price closed at 1.0652 last week and is currently in a neutral range, And to determine the next trend, we have to wait for the price to penetrate to one of the two levels of 1.069 or 1.06020! But I give 60% probability that the price will be supported again in the demand range of...
Navigating the labyrinth of financial markets requires a keen understanding of the two fundamental types of indicators: leading and lagging. These tools act as guides, offering traders glimpses into the future and affirmations of the past. To decipher their intricate roles, a primer on technical analysis is in order. Technical Analysis Unveiled At its core,...