we are currently bearish as we can see a supply zone and trendline and key zone and also Fibonacci in confluence indicating bearish once we get our confirmation for sells we also watch out for minor levels that can hold it from not selling
➡️ Currency traders observed the Euro maintaining its bullish position against the US Dollar today, persistently aiming for the 1.1000 mark and finding support at 1.0900. However, the Euro faced a decline against the British Pound, reaching a two-week low.
➡️ Changes in investor sentiment can be attributed to evolving expectations regarding the monetary policy of...
this is how we set up and place the high and the low of the day... and how we use them.
if the market goes below or above these zones, and breaks structure, then we see nice low risk high reward setups.
EUR/USD Update: Revisiting 1.0960 Resistance and Projected Direction
EUR/USD Encounters Resistance at 1.0960, Pulling Back from a Near Three-Month High of 1.0965 Early Tuesday. Selling Pressure Mounts as the US Dollar Strengthens Amid Mixed Market Sentiment and Anticipation of Upcoming Fed Speeches. Eyes Also on ECB Officials' Remarks. As Predicted Yesterday,...
EUR/USD Faces Correction to 1.090 Amid Dollar Weakness
EUR/USD is currently maintaining its position around 1.0950, benefitting from a weakened US Dollar in European trading on Monday. The pair's upward momentum is sustained by subdued US Treasury bond yields and an overall cautious market sentiment. However, a closer look at the H1 timeframe suggests a...
The European Central Bank (ECB) on Monday expressed concern about the low valuations of euro zone bank stocks, suggesting it could have a negative impact on future credit growth. Hybrid by imposing strict conditions on the borrower. Bank profits have increased significantly this year, thanks in part to higher net interest income due to higher ECB rates, but stock...
- The EURUSD is in an upward structure, supported by a strong trendline.
- Currently, the price is encountering resistance at 1.09530. Rejection at this level is evident through multiple H1 candles closing with notable wicks.
- One can consider selling with a stop-loss at the peak, or look for a buying opportunity around 1.08912 near the trendline to optimize risk."
In the daily chart, if a double top is formed, we can enter into a sell trade, and of course, considering the shape of the closing of the daily candle, it can give us a better confirmation to enter into a short trade.
The market is ranging after bullish move. The price has reached the strong resistance zone on the daily timeframe. If it rejects the resistance zone, then the market may continue moving sideways. We have news coming up that can potentially change the price direction that push price out of the range and make new highs/lows. I expect price to retest the support...
During Monday's Asian session, the EUR/USD pair experienced modest declines, primarily due to renewed demand for US dollars. The rise of the EUR seems constrained due to current macroeconomic prospects. Currently, the pair is trading near 1.0935, with a 0.08% loss for the day. Economic data from Germany indicates an improvement in the German IFO business climate...
This is my Intraday analysis on EURUSD for 28 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
Swing low and last demand for potential buys.
3.
After the Swing BOS, we expected a pullback but price still in Bullish momentum and still...
EURUSD is expected to reach 1.106 after overcoming the resistance area at 1.094. In the opposite case, the uptrend is only confirmed to end if the pair falls below the level of 1.085.
As the Euro took out the weekly BSL on the last week, & the DXY has not been taken out the SSL till now and consolidating, So there will likely 2 scenarios for the upcoming week.
1. As we didn't get any h12 closing above the weekly BSL so now price will likely to be neutral or consolidate until Dxy takes its final weekly SSL then the price will be bearish.
2....
