Good evening and/or good morning to everyone! 🌅🌙 It all depends on when you read this article. I know what you're already thinking... "What happened to the articles?" Well, that's not for me to answer! 😅
What I predicted has indeed come true, but as I mentioned earlier, it’s out of my hands. That said, let’s cut to the chase.
First of all, I need your support! 🙌 Leave a boost, hit follow, and drop a comment to help me continue publishing. Now, let’s dive into our analysis. 🧐
EUR/USD: What’s happening? 💱
Well, my friend, Trump’s election has made its mark, and I think the results are clear to everyone. But be careful! 🤔 Do you really think it’s us who are losing? No, my friend! The recession will happen, but it won’t be for the euro—it will hit the dollar. 💸
Give things time to unfold, and remember this article... and your loyal friend, PipGuard. 😉 Don’t let yourself be fooled by the price! Doing this job requires an analytical mind, but it’s even more crucial to stop asking "why" for every market move. Trust me, that’s my golden rule! 😊
Technical Analysis: What can we expect?
📉 The EUR/USD price is in a sharp downtrend. However, we can expect:
1️⃣ A correction in the short term.
2️⃣ A potential reversal in the medium/long term.
The study you see here was conducted on a weekly and 24-hour chart to give you a clear price direction and highlight key levels of interest. 🗺️
Current situation:
- The price is trading below the bullish resistance at 1.05300. 🚧
As long as the price remains below this level, the trend stays bearish.
👉 Important note: If the price doesn’t fully close (with the entire candle body) above this resistance, it will act as a support for bearish traders. I’ve clarified this to help you avoid confusion! 😉
- We also observe that the price reacted to the bearish resistance, now acting as a bullish support, located at 1.03880.
At this level, the price generated a spike but didn’t close fully, which confirms the strength of this area. 💪
Order Block and next moves:
- The price has touched but hasn’t yet mitigated our bullish order block (OB), which ranges from 1.03200 to 1.02500.
Within this range, we can look for a bullish impulse. 🚀
This move could happen:
- At the liquidity grab around 1.02900.
- Or upon touching the support/bearish level at 1.02515.
If, instead, the price continues to drop after a correction, don’t worry! 💡 Your friend PipGuard has you covered for this scenario too.
We have a weekly Fibonacci retracement ranging from 1.02100 to 0.99730, with significant liquidity between 1.01610 and 1.00890. 📊
I hope this analysis has been helpful to you! 😊
Once again, I ask you to support me with a boost, a comment, and a follow so you don’t miss future updates.
Wishing you good luck and a fantastic day/evening! ☀️🌙
Best regards,
PipGuard. 💼
Remember, my friend, that in the end, the important thing is risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Remember, my friend, that in the end, the important thing is risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.