The current selling zone for the EUR/UAD pair is at 1.06941, indicating a potential opportunity for traders to sell this currency pair. Within this setup, there are three specified take profit points at 1.06454, 1.06335, and 1.06300, indicating the price levels at which traders may consider closing their positions to lock in profits. Additionally, a stop loss...
EUR/USD stays weak near 1.0700 ahead of key EU inflation, GDP data EUR/USD is keeping the red near 1.0700, undermined by a broad US Dollar rebound and a mixed market mood early Tuesday. Germany's Retail Sales rebound fail to impress the Euro ahead of key Eurozone inflation and GDP data releases. On the upside, EUR/USD is likely to encounter first resistance at...
Event to pay attention to today: 09:45 GMT+3. EUR - HICP y/y 11:00 GMT+3. EUR - GDP y/y On Monday, the EUR/USD fluctuated near 1.07200, after a narrow but lopsided range as markets came to terms with the expectation of Wednesday's US Federal Reserve (Fed) meeting. Investors generally expect US rates to remain unchanged this week, but traders will be looking...
If you haven't already entered at the major key level then there may be another great opportunity at 1.06779. There are alot of buyers setting there but im bears so if we get a simple break and retest today or tomorrow then i see EURUSD tanking down to 1.06024 Lets see what happen:)
The 4-hour time frame is showing a bearish swing wave => Currently it is a bullish recovery wave The 15-minute time frame is bullish but has given a bearish CHOCH signal We look for opportunities to sell to the weak swing bottom of the 4-hour frame
price has been in in major down trend for sometime and now retracing from an impulse. hoping to catch a short trade from the CP pattern as shown. DISCLAIMER: not a trading advice, just my own perspective.
Not super confident on this once since i don't trade harmonics anymore but i did see this one forming the D point retracement which is usually the distribution and move we want to capitalize on. Gain the overall move on the higher TF is to sell on the daily Head and shoulders pattern. but i do see this harmonic pattern forming on the 1 Hour.
The EURUSD has been consolidating in a diamond formation since a week ago after bouncing off the April bottom around 1.0602. Diamond pattern, when identified after an uptrend, suggests that prices tend to reverse to the downside. Since 8 March, the EURUSD has been on a broader downtrend and the rally since mid April could be a pullback within the broader...
Yesterday EURUSD kept the sideways movement. Tomorrow is the FED decision on interest rates and that will determine the next move. There is no reason to enter at current levels. We watch for misleading moves and a higher bottom. All pre-news trades should be low risk!
EURUSD is falling toward a pivot and could bounce off an overlap support and rise toward the 1st resistance that aligns with the 61.8% Fibonacci retracement However, if price breaks below the pivot, it could continue to fall to another overlap support level Pivot: 1.0680 Support: 1.0638 Resistance: 1.0775 Risk Warning: Trading Forex and CFDs carries a high...
Hello Traders! EUR/USD is testing the 21-day EMA as a tentative Support, which might indicate a temporary bullish stance within a broader bearish context underscored by the price's position below the 200-day SMA. Immediate resistance is eyed at 1.07992, with a break above potentially signaling a push towards 1.08607. However, if the pair falls through the...
The price retracted back to previous support line which works as pressure line now. It is possible continue moving to South and touch the down trend channel bottom line and previous support line area. SlowStoch is in over bought level and crossed in 16 hours time frame. RSI touched the 50 level and showing turned.
I was thinking it wouldn't break lows before pushing higher but now im almost certain that's tha case. Once news is done we should be clear to go higher after this push down
EURUSD 4 hour Trading Journal I suspect that London low weeks target at sell stops at range 1.06738 coming short to 1.6902 before reversing in NY session. I would like for Price to take the clean sell stops at range 1.06902 right at the .79. I anticipate for price to take the clean buy stops at 1.07335.
Clear bearish momentum for after hrs trading. Quick 1:1 trade to previous low
EURUSD Successful Paper Trade NY 10 am Killzone London created the high. I suspected that price would seek the noted 4 FVG and a key sell side liquidity. I took a tiny scalp coming down. I anticipated a reversal after the second sell side was taken. At 947am candle set up after the low was reached. Price pierced the FVG and reached the .79 for optimal entry....
EURUSD is trading on a bearish trend and currently, fundamental data is showing a potential bullish trend ahead because DXY data is showing that it's getting weaker with time and EXY is getting stronger. seasonal data is also showing a bullish trend after the second week of April technicals indication of potential reversal is also there as price action is made...
The market is nervous, giving rise to mixed signals. Whatever stance you take on the euro, it has a lot to do with gambling due to the upcoming consumer price index and the ECB. If you don't want to sink in this non-agricultural market, you can follow me