EUR/USD continues to maintain its upward momentum as it surged to the 1.0800 level in Friday's US trading session, reflecting the weakness of the US Dollar following weaker-than-expected Non-Farm Payrolls (NFP) data. Meanwhile, the ISM Services Purchasing Managers Index (PMI) data for ISM services in April also fell short of expectations. This fuels expectations...
Price rejected at 1.07526 with stronger wick rejections, suggesting further drop in price is inevitable, alongside DXY failed to make major bearish correction. Currently, DXY is extremely bullish and it is likely to remain that way until friday where we will be having NFP(NON-FARM PAYROLL). Price can drop until our entry point at 1.05204 where in our opinion price...
As We Talked in The Previous Analysis: The Price Broke The Support Level (1.07431 - 1.06950) . On Friday 3 May, The Price Has Pulled Back to The Resistance Line. So, Let's Expect The Bearish Scenario : if The Price Breaks The Support Line and Closes Below That, We Will See a Bearish Move📉 _________ TARGET 1: 1.06670🎯 TARGET 2: 1.05755🎯
🕵️♂️ Let's analyze the EURUSD forex pair together. 💹 In higher time frames, such as the weekly, the EURUSD pair has been experiencing gentle fluctuations and oscillations within long-term boxes. 🕓 However, in the 4-hour time frame, after reaching the resistance at 1.09511, the pair started a downward trend, indicating the presence of sellers in the market....
EUR/USD clings to gains above 1.0750 after US data EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data. The Relative Strength Index (RSI) indicator on the 4-hour chart stays above 50...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), EURUSD rejected our blue circle zone and traded higher. What's next? 📈 EURUSD has been overall bearish long-term , trading within the falling wedge pattern in red. Currently, EURUSD is approaching the upper bound of the...
I do not provide personal investment advice and I am not a qualified licensed investment advisor. Do not take any trade based on this, it is my personal opinion. The price last did not stay long below 💲1. I do not see it above $1.15. No way.. never! Whatever they gonna call it.... Do not believe them! , It have been printed in this chart for numerous years (...
Hello,Traders! EUR-USD is already Making a move down From the falling resistance So I am locally bearish biased And I think that we will see A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
How to Use Liquidity Zones and Liquidity Voids in Trading Navigating the forex market demands a keen understanding of liquidity dynamics. This article delves into the critical concepts of liquidity zones and voids, offering traders insights into identifying areas of high trading activity and potential price gaps. Understanding Liquidity in Trading In trading,...
In alignment with our previous analysis on EUR/USD, we are anticipating a potential bullish continuation of the price, supported by a confluence of indicators including Fibonacci levels, Fibonacci Volume Gap (FVG), technical indicators, and economic data. EUR/USD gained ground on Thursday, buoyed by the prevailing positive sentiment in the market which favors...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.08 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.08 support and resistance area. Trade safe, Joe.
EURUSD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short EURUSD Entry - 1.0777 Sl - 1.0814 Tp - 1.0711 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Here is my latest structure analysis and important key levels: vertical and horizontal supports and resistances for next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
The EUR/USD currency pair is showing signs of a potential buying opportunity, with a targeted buy zone identified at 1.07032. This level serves as an area where buyers may consider entering the market, anticipating upward movement in the exchange rate. Furthermore, technical analysis suggests two potential targets for this buying opportunity. The first target is...
What Is a Fib Spiral in Trading? In trading, the Fibonacci sequence, notable for its mathematical and artistic significance, is adapted into tools like the Fibonacci retracement and spiral. These tools provide traders with a unique perspective on market trends and potential reversal points, using ratios derived from the sequence to analyse price charts. This...
i am still on my bearish bias. so i just counting another ABC correction and wait for confirmation to go short
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago started to trades inside the downward channel, where it at once rebounded from the support line and then started to decline. In a short time price fell to the resistance level, which coincided with the seller zone, some time traded near and then...
Hello everyone, Today, EURUSD continues to hover around the familiar level near 1.071, still entrenched in a long-term downtrend. On the trend front: We are anticipating important updates from the Eurozone with the release of the HCOB Manufacturing Purchasing Managers' Index (PMI). This data could provide fresh insights into the next moves for EURUSD. In the...