This is a EURUUSD IDEA. Reason for SELL: •Supply area •Trendline break/ change of character •H4 engulfing
EUR/USD experienced a sharp downturn on Thursday, closing the day deep in negative territory. Following a strong upward movement on the FOMC day, the pair took a U-turn on Thursday, reversing its trajectory and falling to around the 1.08100 area as of the time of writing. Currently, the price has two support areas to monitor (blue rectangle), where we will...
Proudly Ascending! 📈 EUR/USD on the daily timeframe is heading towards new highs.
In the face of ongoing global economic challenges, the Euro (EUR) has shown resilience, maintaining a steady course in recent trading sessions. Despite fluctuations in market sentiment, the Euro has held its ground against major currencies, reflecting cautious optimism among investors. Analysts attribute this stability to the European Central Bank's proactive...
The Euro (EUR) stands as a symbol of economic integration and stability within the European Union (EU). Since its introduction in 1999, the Euro has played a crucial role in fostering cooperation and growth among member states. At its core, the Euro represents a shared commitment to prosperity and collaboration among EU nations. By adopting a common currency,...
The Euro (EUR) serves as a cornerstone of economic unity and stability within the European Union (EU). Since its introduction in 1999, the Euro has played a pivotal role in fostering cooperation and growth among member states. At its core, the Euro represents a shared commitment to prosperity and collaboration among EU nations. By adopting a common currency,...
The Euro (EUR) stands as a testament to the European Union's (EU) commitment to economic integration and stability. Since its inception in 1999, the Euro has played a pivotal role in fostering cohesion among member states and promoting seamless trade and commerce within the Eurozone. At its core, the Euro symbolizes a shared vision of prosperity and cooperation...
The Euro, Europe's single currency, serves as a cornerstone of economic integration and stability across the continent. Since its inception, the Euro has played a pivotal role in fostering cooperation among European Union member states and driving economic growth. One of the Euro's key achievements is its facilitation of seamless trade and transactions within the...
The ⚠️EURUSD is nearing a level of demand and forming an expanding wedge pattern on the 4-hour chart. The intersection of horizontal support and wedge support will determine the next move. If the price holds above this intersection, a bullish correction could occur. However, if the price breaks below this level, the current trend is likely to continue.
Thursday brought an "unexpected" downside expansion. In unexpected I mean that I anticipated the March 8 high to be taken too. If price is still bullish and wants to expand toward the monthly draw on liquidity, I anticipate the above scenario to play out. If we see closures inside the fair value area (below the equal lows) I'm no longer bullish. Price has...
EURUSD has provided alot of volatility this past few days, price has dropped well and taken out important level, although price might drop lower to 1.080 zone, however I expect a pullback from 1.0832 level to 1.08912, stops below 1.0818. Use proper risk management.
Currently the market is dumping hard on EU. Since the price is dumping we have also entered the discount zone on the weekly swing low to high nearing .75 I expect price to pull up to retrace back to .50 after some longs taken at .75 since its a discount zone which could fuel price back to .50 of the swing where we could expect price to reverse from or just...
I have two concepts about EUR/USD on monthly TF 1. At one point its seem as if market is just resuming on the downtrend after retesting the previous LL from 21st of December 2021 2. On a 2nd angle the market seem to be on TREND REVERSAL forming what seem to be 2nd shoulder after retesting the failed previous broken LL from January 2017
Eurozone PMIs continued to paint a grim picture for the region’s manufacturing outlook. In Germany, Manufacturing PMIs continued to grind lower despite expectations of a rebound. It now appears clear that the mild optimism around the turn of the year was likely misplaced. That is not hugely relevant for the FX market, anyway. The soft economic outlook in the...
The Euro, Europe's common currency, stands as a symbol of economic integration and unity among nations. Since its introduction, the Euro has played a pivotal role in facilitating trade, investment, and stability across the Eurozone. Born out of the vision for a more unified Europe, the Euro has surpassed expectations, becoming the second most traded currency in...
The market is coming near to 4h Support you can take long 1.08000 for with Stop loss 1.07900 with Take profit 1 @ 1.08200 and Take Profit 2 1.8450 Respectively
Event to watch out for today: 15:00 EET. USD - Fed Board of Governors Chairman Jerome Powell to deliver a speech EURUSD: EUR/USD retreats to the 1.0860 area in the early hours of Asian trading on Friday. The decline of the main pair is supported by the strengthening of the US dollar and rising US Treasury bond yields. Traders are expecting the speech of Fed...
The market reached the resistance zone and then pulled back. FX:EURUSD is testing the channel boundary, and I think the price might break through it because we had big sell pressure. Price action broke Tuesday and Wednesday's lows. This suggests that the price may bounce off the support and form a retracement. I expect a potential breakout of the channel because...