The EURUSD pair closed last week above the 1W MA50 (blue trend-line) for the first time since May 27 and this week is already using it as a Support to sustain further uptrend. Technically this could be the 2nd phase of the Bullish Leg of the (blue) Channel Up that started on the week of June 24. On the long-term, the pair has been trading within a fierce Triangle...
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.07900 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.07900 support and resistance area. Trade safe, Joe.
Price is rising towards a resistance level which is an overlap resistane that aligns with the 127.2% Fibonacci extension and could potentially reverse from this level to our take profit. Entry: 1.0797 Why we like it: There is an overlap resistance level which aligns with the 127.2% Fibonacci extension. Stop loss: 1.0840 Why we like it: There is an overlap...
The EUR/USD pair is trading in positive territory, slightly above 1.0750, following modest gains on Tuesday. While the technical indicators suggest a buildup of bullish momentum, the pair may face resistance in clearing the 1.0790-1.0800 range unless supported by significant fundamental factors. As Wednesday's session began, risk appetite dominated the markets,...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price started to grow inside the upward channel, where it at once rebounded from the resistance line to the 1.0670 support level, after which it bounced and continued to grow. In a short time, the price rose to the 1.0800 resistance level, which coincided with...
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel 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 1.0732, positioned close to the breakout...
Highly important fundamentals yesterday for EUR as the first round of elections in France ended with a significant win of the far-right wing party. Even though that's not economic news, the election results of the 2nd biggest E.U. economy, certainly have the weight to affect the largest forex pair in the world. Mainstream economists have historically shown their...
Technical Analysis: EUR/USD (4H Chart) Current Price Action: The EUR/USD pair is currently trading around 1.07032, situated near the pivot zone highlighted on the chart. Key Observations: Descending Channel: The price previously broke out of a descending channel, indicating a potential reversal of the bearish trend. Pivot Zone: The price is...
We are waiting to see what's going to happen after the release of the Fed's preferred inflation metric, the PCE. EASYMARKETS:EURUSD could one of those exciting pairs to watch today, but wait for the number to come out first. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and...
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined Bearish Channel 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 1.0700, positioned close to the breakout level. This offers an entry...
Reasons to Long: Bearish long-term channel Last break was bearish Reasons to Short: Near a demand zone that coincides with the bottom of the channel, which is around 1.0620 It seems that a weak short-term zone appeared around 1.0680 Conclusion: I predict a slightly bullish week. However, I'll wait to reach mid-term zones that can be found between...
EUR/USD is currently on a resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 1.0740 Why we like it: There is an overlap resistance. Stop loss: 1.0772 Why we like it: There is a pullback resistance which aligns with the 127.2% Fibonacci extension. Take profit: 1.0684 Why we like it: There is a pullback...
The Fiber (EUR/USD) is currently at the pivot which has been identified as an overlap resistance and could fall to the pullback support. Pivot: 1.0737 1st Support: 1.0685 1st Resistance: 1.0770 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. Trading Forex and CFDs...
The EURUSD pair has started the week on a very positive note as it is already on +0.40% gains. The underlying pattern remains a Channel Down since since the December 25 2023 High and we have been on its latest Bearish Leg since the June 03 Lower High. The important dynamic recently has been the fact that the pair held and closed above the 1W MA100 (green...
EUR/USD has reacted off the support level which is a pullback support and could rise to our take profit. Entry: 1.0686 Why we like it: There is a pullback support level. Stop loss: 1.0655 Why we like it: There is a pullback support which is slightly above the 61.8% Fibonacci projection. Take profit: 1.0740 Why we like it: There is an overlap resistance...
The Fiber (EUR/USD) is currently reacting off the pivot and could rise to the 1st resistance. Pivot: 1.0686 1st Support: 1.0636 1st Resistance: 1.0731 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. Trading Forex and CFDs may not be suitable for all investors, so...
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price some time traded near the resistance level inside the seller zone, after which it rebounded from this area and tried to grow, but soon turned around and started to decline inside the downward channel. Inside the channel, the price first broke the 1.0865 level...
Here is my latest structure analysis, support and resistance levels for EURUSD for next week. Consider these structures for pullback, breakout trading. ❤️Please, support my work with like, thank you!❤️