Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.0550 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching trend at 1.0550 resistance area. Trade safe, Joe.
EUR/USD has reacted off the support level which is an overlap support and could drop from this level to our take profit. Entry: 1.1025 Why we like it: There is an overlap support level. Stop loss: 1.1071 Why we like it: There is an overlap resistance level that is slightly below the 50% Fibonacci retracement. Take profit: 1.0956 Why we like it: There is a...
EURUSD is bearish on its 4H technical outlook (RSI = 33.975, MACD = -0.002, ADX = 38.295) as the 2 week Channel Down is on a bearish wave under the 4H MA50 and just over the 4H MA200. Technically this is already LL region but the bottom might take a while to form, as August 29th - Sep 3rd did, grinding inside a Rectangle. Testing the 1D MA50 inside a new Rectangle...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.10400 zone, EURUSD is trading in a down trend and currently is in a correction phase in which it is approaching the trend at 1.10400 support and resistance area. Trade safe, Joe.
Following a recent inner descending channel on the EURUSD we have reached a key support zone where a potential pivot could create a lower high in the overall bull trend and surge the euro back up and out of the current inner channel. With the key resistance zone lying around 1.12000 I can see price pushing to this level before either correcting back in the range...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.10600 zone, EURUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.10600 support and resistance zone. Trade safe, Joe.
Bank of America (BofA) is in line with market expectations, predicting that the European Central Bank (ECB) will announce a 25-basis point rate cut in its decision this week. BofA also foresees a modest downside risk for the EUR, driven by a potential dovish shift in the ECB's forward guidance. In the EUR/USD, recent price action saw lower lows and lower highs...
Last week (September 03, see chart below), we called for a major sell on the EURUSD pair as it closed a strong 1W red candle, almost at the top (Higher Highs trend-line) of the 11-month Channel Up: On Friday we got a strong confirmation of this sell signal as it closed in deep red and large wick on top, indicating a reversal of the short-term bounce....
The Fiber (EUR/USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which is an overlap support. Pivot: 1.1111 1st Support: 1.1034 1st Resistance: 1.1157 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
EURUSD can go up, the RRR is more than 1:2.5 let's catch it. thanks
Starting this week with EU, as we always do. As you can see, we are pretty much at the centre of our current range, leading us to believe we are building liquidity on both sides. Currently, we have swept out the high from last week during a news push. After this sweep, we dropped lower than our previous low, establishing a bearish range and putting the price in a...
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11400 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11400 support and resistance area. Trade safe, Joe.
The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as an overlap support. Pivot: 1.1109 1st Support: 1.1035 1st Resistance: 1.1149 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford...
Based on our private profitable trading indicator... there has been a sell signal which means that EURUSD Is ready to reverse and drop all the way to the next major support level.
EUR/USD has reacted off the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.1023 Why we like it: There is a pullback support level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.0955 Why we like it: There is a pullback support level...
Hey Traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.10700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.10700 support and resistance area. Trade safe, Joe.
I'm going to be selling the Euro, I see a lot of momentum to the downside and this break of structure confirms that for me. I will post more details of this trade as I go.
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1060, positioned close to the breakout...