H4 - Bearish trend pattern. Lower lows. Currently it looks like a pullback is happening. Until the strong resistance zone holds my short term view remains bearish here.
The EUR/USD currency pair is seizing the opportunity for recovery after a period of sharp decline. This resurgence is being strongly driven by the downward pressure on the US Dollar, opening up a wide door for the Euro to push prices back towards the highs. The target for the EUR/USD pair is the vicinity of the SMA 50 area, close to the 0.5-0.618 Fibonacci level....
The price perfectly fulfilled my previous idea. The market literally went up and hit the target level. It is heading toward the strong resistance zone, which is the potential swap zone. I think the best scenario might be to wait for a pullback towards the swap zone and then short the market from the optimal entry zone. If the price rejects the resistance at...
Hello Everyone provided the current financial data we know the Euro Zone is likely to cut rates before USA, as we can see from my SET UP we have 2 scenario in place. I am navigating the current trade edging all the way , like never before i believe we depend from what the News will give this coming month. Many Projections went out of the window and Inflation...
Hey Rich Friends, I think EU will be buying this week. Please remember that this is only a technical analysis, so check the news and cross-reference your chart and indicators. Here is what I am looking at: - The market has already rejected a previous demand zone causing the price to continue to buy - The 3 EMA (blue) has crossed above the 10 EMA (purple) on...
The price reached the support level and struggled to make a new extension downward. Even though FX:EURUSD made a weak lower low, which suggested that bears are not ready to sell at current prices, the market formed double-long-tailed bars at the support level. We can see that it keeps rebounding above key level at 1.06000. The price is also forming a potential...
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
Hello traders, EUR/USD has managed to defend the 1.06 level so far. Currently, on the 4Hour chart, we are seeing the formation of a bullish candlestick. So, the question is whether there will be a sustained recovery in EURUSD? The first resistance level for the EURUSD bull lies at 1.0665. If the bulls manage to break this level strongly, then there can be further...
This is my Intraday analysis on EURUSD for 18 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bearish Internal Bearish Swing Pullback Phase 2. Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill...
This chart is of EURSD Forrex chart .This chart shows the Support and Resistance. Its a non Trending Market
The EUR/USD currency pair has surged higher, reaching the level of 1.0672 on Thursday at the start of the Asian trading session. This recovery is being strongly propelled by the downward pressure on the US Dollar, opening up a wide door for the Euro to recover and increase in value. Looking at the chart, we can easily observe the transition from a downtrend to an...
The US economic system acquired a super improve from an first rate growth in retail income in March, which contributed to a sturdy monetary enlargement and a massive strengthening of the greenback. in comparison to different principal currencies. The greenback`s upward push comes amid issues approximately China's economic system, which, despite the fact that...
This is the Forex quote for the Euro versus the Australian Dollar. In this quote, the value of one Euro ('base currency') is quoted in terms of the Australian Dollar ('counter currency'). EUR/AUD reached its lows in the midst of the European sovereign debt crisis in 2012, when it hit A$1.1619. Since mid-July 2012, the pair has recovered mainly due to the European...
Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.0644 which is a pullback support. Our take profit will be at 1.0701, a pullback resistance, close to 38.2% Fibo retracemet The stop loss will be placed at 1.0602, which is a multi-swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin...
Hello everyone, following last week's sharp decline, EURUSD appears to have stabilized, with prices not showing significant changes from the start of the week, hovering around 1.063. The downward trend remains intact, and the descending trendline continues to be effective, favoring sellers. Looking ahead, the relatively weak economic foundations in the Eurozone,...
Find True Open Time Wait for manipulation Entry at Manipulation before Distribution start. TIME & PRICE
well it took a day or so longer to play out but we did tap that liquidity. I just took my profits.
Overall, EUR/USD is currently reflecting a downward trend due to the strong growth pressure of the US dollar (USD). This pressure has pushed prices down near the 1.0620 level in the early Asian trading session on Wednesday. However, technical analysis suggests that the market may experience a short-term upward correction. The possibility of prices rising to touch...