EURUSD has consolidated below the resistance zone. Given its previous sharp decline, we might see another drop, potentially revisiting the previous low.
Beyond Thursday's European Central Bank (ECB) Eurusd lower meeting, Tuesday sees the latest ECB bank lending survey and Wednesday sees the flash PMIs for January. These two data sets weighed quite heavily on the Euro last autumn/winter and will be closely watched ahead of the ECB policy meeting.
hands at around 1.0880 ahead of united states us opening the peaked...
Daily Chart Overview:
The current trend on the daily chart for EUR/USD is distinctly bullish, with the price residing in the oversold region of an established bullish channel.
Upcoming CPI Announcement Impact:
It's crucial to be aware that the forthcoming announcement of the Consumer Price Index (CPI) on Thursday has the potential to influence the prevailing...
Please not im on semi losing streak,
using half of my normal size,
buying above today O.P
time to price OKAY
last hour window London session
RECOVERY TRADE
Hello and have a good time I trade according to these analyses My analysis is based on fundamentals, intermarket analysis, news, geopolitical topics, and of course technical levels. I hope it is your light
The US economy continues to be resilient to the macro measures imposed by the Fed during the previous years. Published data on Retail Sales for December show an increase of 0.6% on a monthly basis, which was higher from forecasted 0.4%. Released data on building permits preliminary for December were 1.495M, a bit higher from forecasted 1.48M. This represents a...
Next week, the ECB's monetary policy meeting will be held on Thursday, and important economic indicators from Germany will also be announced, so the euro may fluctuate significantly.
This week, a number of central bank officials spoke out against overly optimistic markets about a rate cut in 2024.
Next Thursday's ECB Governing Council meeting is likely to be...
HELLO TRADERS
Hope everyone is doing great 🛑 New week new opportunities
A look at the EURUSD ahead of the new week 👌MULTI-TIMEFRAME ANALYSIS
DXY DAILY
* We see the 78.6 % FIB level holding in the past week.
* Looking for signs of some bearish momentum for continuation with the bears.
* The DXY is currently trading in PREMIUM.
* Any signs of bearish momentum...
EUR/USD can decrease to the support of the intermediate level at 1.0813, provided that the channel roof's resistance range is maintained in the range of 1.0924-1.0901.
EUR/USD is currently showing a strong sell-off from the price point of 1.09500, accompanied by a significant volume area.
This indicates a substantial accumulation of contracts.
It's likely that sellers active in this area will defend their short positions. Should the price revisit this zone, we can expect these strong sellers to exert further downward pressure...
Indicator is used:
- Chandelier Exit
- EMA
- MACD
Re-tested the 1.09 conversion resistance zone in the last session, but the selling force returned and prevented the price from rising above this level. However, observing on a daily basis we see a spindle - credit model. Potential reversal signal. Therefore, you need to be wary of the possibility of a price...
Hello friends
- The weekly time frame, by hitting the MA200 above, the trend decreased and it also shows the continuation of the price decrease.
- And in the daily time frame, in addition to the breaking of the upward trend line and the formation of LL, there is no sign of an upward trend
However, hitting the MA200 below has caused a pullback
- In smaller time...
for today in 4H EURUSD just lost a bull channel which is important to re-test the line again
resistance around 1.09597 - 1.09812 is key level for now
first support are painted on chart which is gona be 1.07853 1.07596
Allways DYOR !
