After a huge downturn in the past weeks, I personally expect to see EURUSD to recover in these remaining 2 days due to the following: *the downturn had huge imbalances which need to be filled. *the downturn made a lot of people enter creating liquidity for the price to jump back. *the downturn finally hit a support zone which indicates a reversal of price. I...
EUR/USD stays in a consolidation phase following Wednesday's rebound and trades in a narrow range above 1.0650. The improving risk mood doesn't allow the US Dollar to gather strength as markets await mid-tier data releases.
tradingview ask me to write details about my idea, this setup is based on daily chart, in daily we are bearish and in lower time frame h4, i thinks price want to retest 1.0830 area of interest and then going down other way if the price hit the stop loss the secound entry with the same target is 1.0859 :: and the stop loss 1.0999 dear moderator :) i love you
It is still too early to say whether EURUSD is undergoing a correction of the downtrend or a reversal given the strong bullish in hours keeps bullish hopes alive
EUR/USD, H4 18 April 2024 The EUR/USD pair experienced a technical rebound from its recent lows, supported by a softening U.S. dollar. Yesterday’s Eurozone CPI data came in at 2.4%, closely aligned with the European Central Bank's (ECB) target rate of 2%. Contrasting with the recent hawkish remarks from the Fed Chair, the softer Eurozone CPI has led market...
I will be shorting EURUSD following my weekly plan outlined earlier this week. There is a 5M breaker and FVG on 5M which coincides with the low of 15M last upclose candle.
Emerging Bearish harmonic patterns are forming with ABC Corrective Eliot wave about to end . Wait for the breakout of the red line in the direction of the down side then go short on retest of that red line
#EconomicData #CurrencyTrends #FedWatch 🌐 Currency Market Dynamics After Recent Economic Updates! ▪️ Dollar's Highs: The U.S. dollar hit a peak of 105.97 on the index, nearing a five-and-a-half-month high, driven by strong U.S. data and persistent inflation. This has pressured other major currencies, especially the yen, which neared a 34-year low at...
The US dollar strengthened last week, reaching its highest level since mid-February. Despite initial losses, the greenback reversed its trend in response to a shift in global interest rate expectations. Speculation arose that other central banks may relax their policies earlier than the Federal Reserve. The European Central Bank could be among them. This week,...
OANDA:EURUSD , CHARTS AND ANALYSIS - ECB edges further towards a June rate cut. - Will President Lagarde begin signaling further rate cuts? The ECB maintained its policy levers unchanged, as expected. However, they stated that if their assessment of inflation and monetary policy transmission improves, they may consider reducing current restrictions. This...
1. 4H swing is bearish INT is bearish. 2. After swing BOS we can ecpext swing pullback. 3. LQ to the left above the POI Price could pullback to take it before heading up. EQ of the range. 15M TF:
Take a look at our analysis for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.063. Considering the today's price action, probabilities will be high to see a movement to 1.072. P.S Please, note that an oversold/overbought condition can last for a...
Please, check our technical outlook for EURUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.062. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.075 level. P.S The term oversold refers to a...
I'm expecting to see a short term downwards reaction on EU today. Reasons: - Test of 1h 200 EMA - Retest of low created last Thursday - Retest of psychological 1.07 level - Expecting downwards move to retest 1W trendline Trade set: - Entry: 1.07 - Stop Loss: 1.071 - Take Profit: 1.066 - RR: 1:4 Will update specific entry, SL and TP as my order gets filled....
The longer-term path shows a series of lower peaks followed by lower troughs. This suggests that the current up-leg may be an exploitable rally in the downtrend. The DAX hourly chart is showing signs of support. However, the daily chart is still under pressure. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and...
We continue to remain in a long context, with the primary short-term target being the Frankfurt maximum. The scenario would be invalidated with a price consolidation below 1.0665.
H1 liquidity taken M15 MSS and FVG creation. short until low 3.88 R
It appears that the bearish momentum of EURUSD is likely to continue, and on the weekly chart, it seems the price is on its way to the 1.0000 zone. The supply level above could serve as an excellent continuation level for opening a sell position on the first touch of the price.