EURUSD is rising toward the pivot point and could potentially fall to an overlap support level that closes to the 50% Fibonacci retracement.
Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level
Pivot: 1.0874
Support: 1.0802
Resistance: 1.0916
Risk Warning:
Trading Forex and CFDs carries a high level of risk to...
if we go for Asia Highs first I expect the liquidity to be taken and then tap the bearish block for a short.
I wont be taking a trade if this setup does not play out.
Watch for the liquidity grab and then then displacement to the downside with bearish engulfing and FVG as entry signal.
Lock in profit and be safe.
Hey lovely folks! Last week, in its final days, EURUSD experienced a fleeting rally before it commenced a correction phase that persists till now, reaching the 0.5 - 0.618 Fibonacci retracement levels.
Currently priced at 1.082, if EURUSD maintains its ground above this critical Fib level, a rebound seems not just possible but probable. The next aim would be to...
OANDA:EURUSD
Preference:
Looking at EURUSD on the macro time frames, there is a chance that we could see a bull flag on the daily. Upon the retest of the 61.8 level on the Fib, the price will also retest a structural level on resistance and our downward trendline. After the trendline retest, we could see a reversal in the trend if the bulls fail to maintain...
FX:EURUSD
Preference:
Looking at EURUSD on the macro time frames, there is a chance that we could see a bull flag on the daily. Upon the retest of the 61.8 level on the Fib, the price will also retest a structural level on resistance and our downward trendline. After the trendline retest, we could see a reversal in the trend if the bulls fail to maintain...
I was looking for a move higher yesterday which was right, but I was looking for 1.0813 to trade but indeed, EURUSD was held perfectly by the PZ at 1.0822 before going higher.
Overall, price action is bullish for a move higher. 2 probable buy levels will be 1.08326 to 1.0900 or from 1.0813 to 1.0847 IMO.
The price is rising towards a resistance level, which also serves as a pullback resistance. A reversal from this level could indicate a double top pattern, potentially leading the price to fall to our take profit target.
Entry: 1.08692
Why we like it:
There is a pullback resistance level
Stop loss: 1.09153
Why we like it:
There is an overlap resistance...
"I am eyeing an opportunity in EURUSD with a target price (TP) set at 1.09120, coupled with a stop-loss point at 1.08400, indicating a strategic approach to managing risk and maximizing returns in the market. FundamentaI stiII positive for EURUSD"
Currently looking for sell confirmation from the resistance level.
Plan B
If the price breaks above the resistance level it will potentially become a support level only then we will look for Buy confirmations.
Hello,Traders!
EUR-USD is making a bullish
Rebound from the horizontal
Support 1 at 1.072 just as
I predicted and is set to retest
A horizontal resistance 1 at 1.098
Other nearest key levels of the pair
Are horizontal resistance levels 2 and 3
At 1.1135 and 1.1272 respectively
And a support level 2 at 1.045
Analysis!
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Considering the many increases of the euro and its high demand in the market, it can be concluded that the price of the euro will increase up to the specified price
Hello everyone! Just a quick analysis on what I expect EU to do for the the remainder of the year. If you are familiar with quarterly theory, then this will make sense to you, if not, I highly suggest checking it out. I expect short term low to be taken before heading for buyside. I will of course, be waiting for a MSS on the lower timeframe to confirm that...
In today's insightful lesson, we delve into the dynamic movement of EUR/USD. 📈 Within the current market landscape, we're navigating through different range structures, guided by internal demands and supplies.
🔄 As we await potential high-probability plays, our focus is keenly set on observing how price behaves at the extremes. Will there be a sweeping movement...
In today's insightful lesson, we delve into the dynamic movement of EUR/USD. 📈 Within the current market landscape, we're navigating through different range structures, guided by internal demands and supplies.
🔄 As we await potential high-probability plays, our focus is keenly set on observing how price behaves at the extremes. Will there be a sweeping movement...
