There is a chance that price could continue bullish from here, BUT I can NOT ignore the fact that there is a weekly head and shoulder possibly printing. Which will send price bearish for quite a bit.
On top of price not really breaking this area of price since 2021. This is a key level of price for EU. There has been 4 bearish engulfing candles in this area on...
Hello traders.. so yes indeed we did get a very nice push down on EurUsd with CPI data. I put out Short Analyses on Sunday/Monday around Pre-London outlining the fear and market uncertainty that increasing inflation brings into the markets. The inflation reading CPI was expected to rise from 3,2% to 3.4% YoY. The reading came out as 3.5% YoY and we dropped hard on...
FX:EURUSD
EUR/USD came under renewed bearish pressure and dropped to its lowest level since November below 1.0700. Although the pair's technical outlook points to oversold conditions, it might be risky to bet on a Euro rebound amid diverging European Central Bank (ECB) and Federal Reserve (Fed) monetary policies.
The ECB left key rates unchanged as expected...
FX:EURUSD
EUR/USD is holding higher ground above 1.0850 in the European session on Tuesday. The US Dollar sees fresh selling amid the extended pullback in the US Treasury bond yields and a cautious market mood, lending support to the pair. Focus shifts to more Fedspeak.
EUR/USD dropped massively on Wednesday when US CPI data confirmed hotter, more stubborn inflation pressures. The shorter-term measures of inflation like the month-on-month comparisons revealed what appears to be hotter price pressures with added momentum.
As such, the pair continues to plummet, gaining acceleration on Friday as the pair traded through 1.0700 with...
4H is swing bearish
i-4H is swing bearish => current is pullback up
We can buy up to the OB area on IDM
We sell down in the 5 minute frame for a bearish CHOCH signal
Hello traders.. we have the last 2 trading sessions of the week here. The monthly/weekly/Daily are all bearish. 4Hr market structure is bearish and we are creating a new 4hr resistance zone at 1.07261 after this 4hr candles closes in 30 minutes. Today we observed a continuation on EurUsd which was forecasted inadvance on this channel. It was relatively straight...
Just a quick update on EURUSD. Price is delivering beautifully to our target. Going to sit and wait to add more positions around that daily bearish breaker. Daily hasn't closed yet, but from my experience, that it will be a breaker by today. Gonna look for opportunities next week.
Hello, according to my analysis of the EURUSD pair, the market has reached a very important area, which is the resistance area, at the level of 1.09800. Also, this level is the retracement of the 61% Fibonacci golden ratio. We also notice the formation of a candle with a tail on the four-hour frame, confirming a strong entry for sellers. Good luck to everyone
The price perfectly fulfilled my previous idea. It hit the target level. FX:EURUSD went straight down without giving us a pullback. It broke and closed below the key level at 1.07000, which is the previous day low. This opens the road to lower prices. I think the market might move down to November open prices. If the market makes a retracement toward resistance...
