Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURUSD pair which is likely to be pushed up by the bulls so we will buy!
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As you can see eur zone is going down. Now the price hit the daily support zone and now we are in the correction. The correction shapes a clear channel. Wait for the breakdown!
New York Session:
- I believe the price will continue to the downside.
- I want to see the price trade to a premium in the London session before going lower and taking out a short-term high.
- I will be targeting the equilibrium of the PWR.
- Wait for the price to reach 50% of the London session range.
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a not long time ago rising in an upward channel, where it broke the 1.0925 resistance level, which coincided with the seller zone and soon reached the resistance line of the channel. But then EUR turned around and in a short time declined below the 1.0925...
Daily
Trend is still bearish.
Currently at 4 hour demand level.
Low probability that this demand level holds given daily trend.
4Hr
Structure is bullish following the 4hr break of structure.
Internal structure is bearish, catering the for pullback to the 4 hr demand.
Not looking for longs unless structure convincingly shifts bullish.
Again, this...
Hey Traders,
Check this analysis out on EURUSD. The pair had been ranging for quite some time before it broke below the support, followed by an actual smooth pullback.
Provided that the price remains below the support, I will look for a nice short trade.
Keep a close tab on this one.
It was a relatively calm week, when fundamental data are in question, for both currencies. The US ISM Services PMI for January reached 53.4, a bit better from forecasted 52. The inflation rate on a monthly basis final data for December was standing at 0.2%.
Retail sales are slowing down within the Euro Area. The latest published data show a drop of -0.8% on a...
In dissecting the EURUSD currency pair on the 1H timeframe, a notable shift in market dynamics has unfolded. Despite an entrenched downtrend, a compelling trend reversal materialized between 1.07232 and 1.07213, characterized by a tweezer bottom candlestick pattern alongside a bullish divergence on the RSI. Since then, price action has adhered to a distinct rising...
the price is moving in a down trendline making a decent waves. after watching the DXY we can say that this pair will continue to the downside. right now we are in a middle of a retracement preparing the price to go down back again. we will measure the current wave with our Fibonacci tool and be ready around ( 61%, 71%, 78% ) fib levels with any good bearish price...
EURUSD Ahead of The US CPI Data
During the previous weeks, the price failed to break through 1.0730.
It is possible that EURUSD was waiting for the US CPI data.
This is another moment that the market can speculate about the next move.
It is very dangerous to predict the next move at this moment, given that it is
related to a market speculation about the CPI...
Asian Session:
- Bullish Session.
- Price broke PDH, PML, and PWH.
- RELs at Asia’s low.
- Price is at a discount of the H4 dealing range.
- RELs at the equilibrium of the Asian range.
London Session:
- I was expecting a reversal due to the market taking of PDH and PWH during Asia.
- My first DOL was Asia's RELs at the equilibrium of the Asian range.
- My...
EURUSD may soon overcome the boundary in the form of support. Against the background of the downtrend, the price is forming a retest of support after a false breakout of resistance. This may be a strong signal for further price decline to 1.06655
Reasons for further decline:
1) False breakdown of resistance on the background of the downtrend
2) Strong dollar...
