Please, check our technical outlook for EURUSD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.072. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
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
From last week's closing of the weekly candle in the center, we can conclude that this week the euro market will take advantage of last week's unbalanced levels to first move prices higher, and then we will see a downward candle.
If after a retest in the support zone, maybe we should move up and make higher highs.
Looking at the chart, we can see that the market is in a range. My thinking is that the market, if it can rise to the 1.081 range, will fall to the bottom of 1.055
EURUSD in Bullish Trend with Bullish Flag ( and no bearish divergence) is indicating continuation of Advancing Phase.
With the expected rate cut and the sharp increase in retail sales data, the data is more favorable for the US dollar than other currencies, so I feel that it is still a good opportunity to buy and the US dollar will continue to strengthen.