The EUR/USD is poised to go higher but this maybe cut short by the interest rate decision on Wednesday. Technical Analysis and Seasonal Tendencies have shown that the Euro is showing signs of being bullish. If price trades back to the bullish OB on the 1 Hour chart, we will look to go bullish until Wednesday, If interest rates are cut, it may trade even higher.
The US Dollar index has shown signs of going bearish as it has made a lower high in the 1 hour timeframe. The dollar seasonal tendencies shows that it should be growing weaker up till June. If the dollar is growing weaker, that means the foreign currencies make look to be bullish against the dollar
Price has previously broken market structure to the downside indicating that it wants to make a move to the downside. It returned to the order block turned breaker for an opportunity to sell. We think that price may return to that breaker to give us another opportunity to sell
Price has broken Market Structure to the downside and strongly indicates a move down, we will look to sell when price trades back into the order block turned breaker. Price has reached that breaker and we would sell when it reaches a respectable price and begins to trade lower
The 107.00 level seems to be a strong support level for the pair as it looks to range between that level and the 109.30 level. We will look to place a buy order on that major support level. We have to wait for price to trade down before taking our trade
Price has broken the Market Structure to the downside and prepares to go lower. This BMS is on the downside so we should be expecting a Sell, The dollar index has also broken Market Structure to the upside showing a move up could be on the cards. We will wait for price to return to the breaker before we place our sell order.
The pair seems to have moved up and we are late on the trade. We will then be looking for a retracement to that 108.70 level, if price does retrace, we will look to enter the trade and exit at the 109.25 level making this a short term trade. The stop-loss will be at 108.50
Price has respected the 116.90 level in the past although it has broken it before, Higher timeframe analysis shows that the level is a key support level. I will get on the trade when price trades up to the 117.60 resistance level and then retraces back into an OTE
Price has shown that the 0.9325 level is a key support level and price will look to trade down to that level and most probably test the support level. We will look to get in on the trade at that level and exit at the 0.09380 level.
Hello guy this is my first analysis here on TradingView. Looking at the EURGBP Daily Chart, We can see that the equal highs have been taken out a price looks for buyside liquidity while plotting a move down. Price will most likely retrace down to the last order block before the move up. Recommend going short till price reaches the order block where we will take profits
