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.
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...
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!
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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 (...
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...
EURUSD is neutral on its 1D technical outlook (RSI = 51.370, MACD = -0.001, ADX = 29.673) as it got rejected on the 1D MA50-MA200 level, which stopped the bullish wave of the Channel Up from extending higher and potential breaking the pattern. The 1D RSI is on the stage where it should reverse as per March 12th. This is a strong sell signal, TP = 1.05550 (the...
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Hello dear traders!
Overall, further recovery in the US Dollar (USD) drove EUR/USD to build on Tuesday's pullback and reach the 1.0730 area, or three-day low on Wednesday . That said, spot extended the recent rejection from the 1.0800 peak.
Looking ahead, relatively weak economic fundamentals in the Eurozone, combined with the resilience of the US economy,...
Since Monday, the market has slowed down. We have only had 50 pip moves since then. The price formed quite bearish bars on the daily timeframe. Also, there are two candles with long tails, which is a sign of the level rejection. FX:EURUSD broke and closed below the small range zone; it broke through the support level at 1.07500 after attempting to break the...
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 EURUSD price surpassed and closed above an important horizontal resistance last week.
This broken level has now become a support, and the market is currently retesting it.
I anticipate a bearish trend to continue, with the next target likely being the resistance of a descending trend line.
The market bounced off the support level by taking liquidity below the previous day's lows after news came out. Bears could not push FX:EURUSD lower, meaning that we can expect a deeper pullback upside. The market trend is still bearish on the daily timeframe, and above that, we have strong resistance levels. TVC:DXY made a double top on the daily timeframe...
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...
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...
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...
