Yesterday EURUSD rose to 1.0979 and bounced back.
We are looking at a sell option that will be confirmed on a lower top breakout of a previous low.
The target is a break below 1.0876 and heading towards 1.0722!
We expect important news this week on Thursday.
Then the inflation data will be released and we will see more swings.
Dynamic support reached a third touch , the trend is a uptrend and its we are definitely Looking's For a Bullish . My short and concise explanations are accurate 95% OF THE TIME .
This is my Intraday analysis on EURUSD for 9 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE : Nothing changed since yesterday, price still ranging since last Friday NFP and market waiting US CPI on Thursday
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
2.
Price...
EUR USD 9 January 2024 Forecast
We are waiting for sweep session one side.
If sweep up side we will sell.
If sweep down side we will buy.
Target 50% of Asian session good luck to all..
I betting that we are still bearish from recent news but not for too long. 1.0800 is very possible to reach and I wouldn't be surprised if we reach levels at 1.0725.
I'm currently a seller but will reverse my position at 1.0800 and 1.0725 targeting 1.1200.
I called for a move higher for EURUSD yesterday but it was just a messy sideways move (though we ended higher) unlike the clean up move for indices. 1.0966 continue to be a strong resistance with BZ holding any rallies. Time for shorts?
I might have called for shorts if GBPUSD was not strong. Of course they are still two different currencies but they usually move...
Hello, what are your thoughts on EURUSD?
Today, EURUSD is still in a downward trend with a sideways movement and is limited below the resistance level of 1.097. Currently, this currency pair is fluctuating around the 1.093 level, and the prospects lean towards further price decline due to the increase in US Treasury bond yields, which has supported the US Dollar...
EURUSD
Pivot 1.09500
- If the price is higher than the pivot, open long target TP1 at 1.09850 and TP2 at 1.10660.
- If the price is lower the pivot, open short target TP1 at 1.08920, TP2 at 1.08330
This is for educational purpose only. this is a concept to support the dily bias and intraday market delivery.
on the daily i'm looking for eur to go higher and DXY to go lower
D: Uptrend, price retraced 38.2%
4H: Downtrend, price retraced 38.2%
1H: downtrend, price retraced 61.8%
CURRENTLY: I'm looking for price to go short to previous support area. Taking profit at 0 and -27 on minor structure fib.
After rejecting the 1.09000 zone as support and currently testing the 1.09500 zone we can expect more bullish momentum coming into EURUSD. We could see price increase as high as 1.10700
First trading day of the year in which we closed all positions and possible positions to set up positions again.
The following pairs have been set to follow:
EURUSD: alerted to the rising trend that is visible. 2024 started on a negative note, but now the couple seems to have found their way back up.
GBPUSD : the same for the Euro also applies to this pair. The...
"This strategy incorporates an Elliott Wave base, but I've simplified it.
Typically, it forms at the end of an upward or downward movement.
When you connect the lows and highs and observe the expanding WEDGE pattern:
wait for the candle to close above the upper SIDE.
If it retraces below, specifically closing below the upper SIDE, it's a signal to sell.
The...
EU shows a divergence above 90 RSI. Expecting big moves for this pair. A potential reversal point should expected on the weekly support level.
Please confirm your trades with your own analysis. Trade safe everyone!
