Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.06000 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.06000 support and resistance area. Trade safe, Joe.
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to flat, where it in a short time declined to $1.0810 level, after which bounced up. Then price corrected $1.0810 level again and then rose almost to top part of flat, but then it started to fall. Euro in a short time declined lower...
In this video I go through how I derived at my EURUSD short, from my higher timeframe analysis of DXY and EURUSD, down to the lower timeframes. I do this using ICT Concepts along with my own discoveries. I hope you find it insightful!
In this video I go through how I derived at my EURUSD short, from my higher timeframe analysis of DXY and EURUSD, down to the lower timeframes. I do this using ICT Concepts along with my own discoveries. I hope you find it insightful!
Hello traders, The bearish channel is obvious in the chart! you can see that upward moves are weak but the downwards are so strong. I consider the trend to be bearish. However, while my total bias over the pair is still bearish I think any breaks over the zone might lead the price to reach the next strong zone which is around 1.0790 At the same time breaking the...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some time ago started to grow from the support line and soon reached the seller zone, which coincided with the resistance level, after which made small movement down. Next, the price reached the resistance level again and then fell to the support line,...
EUR/USD is rising towards a resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0768 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.0818 Why we like it: There is a pullback resistance...
EUR/USD Outlook Current Outlook: The price is expected to trade in the bullish zone, having reversed and stabilized above the pivot zone. Bearish Scenario: The price would need to reverse and stabilize below 1.0707 to initiate a bearish trend. Bullish Scenario: As long as the price remains above 1.0740, the bullish trend is expected to continue,...
By taking a deeper look at Daily chart we could easily see a bearish move! Latest reaction was to top of the channel an we are going to reach to bottom of the channel. However, We see the RSI is forming a trend line which seems hard to be broken down. I think we could see a reversal to MA of RSI. So we might have one or two range days. Therefore we are both ready...
Price is has reacted off the pivot and could potentially rise to the 1st resistance which acts as a pullback resistance. Pivot: 1.0724 1st Support: 1.0685 1st Resistance: 1.0790 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...
The EURUSD pair isn't diverging from our original plan (June 04 idea, see chart below) and is extending the new Bearish Leg of the 6-month Channel Down: Today it tested the 4H MA50 (blue trend-line) of a counter-trend rebound, which has take place during both previous Bearish Legs. The 1st time was +1.12% and the 2nd +1.50% that even broke above the 4H MA200...
EUR/USD, the price pulled back on the last demand zone and then started to drop. it seems the market willingly tries to short EUR/USD $FX:EURUSD. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are...
EUR/USD is rising towards a resistance level which is a pullback resistance that is slightly below the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.07268 Why we like it: There is a pullback resistance level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.07750 Why we like it: There is a pullback...
EUR/USD Technical Analysis Trend Analysis: - The daily chart shows a clear downtrend, with stability in the bearish volume, indicating persistent bearish momentum. - Recent price action has been moving downward, suggesting continued selling pressure. Current Outlook: The price will continue to trade in a bearish trend as long as it remains below 1.0707 and...
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a not long time ago started to trades inside the upward channel, where it soon reached the support level, which coincided with the buyer zone and broke it. After this, the Euro made a correction to the support line of the channel and then rebounded up and...
Dear Traders, Following a period of subdued inflation data, EURUSD recently breached the 1.09000 mark. However, Friday's Non-Farm Payroll (NFP) report surpassed expectations, revealing over 272,000 jobs created compared to the anticipated 185,000. Consequently, EURUSD has retraced towards the key uptrend support around the 1.07800 level. While the NFP figures...
The Fiber (EUR/USD) is falling towards the pivot which has been identified as a pullback support level and could potentially bounce to the 1st resistance. Pivot: 1.07967 1st Support: 1.07297 1st Resistance: 1.08565 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....
EUR/USD 4-Hour and 1D Chart Analysis with Gap Consideration Trend Analysis: - The 4-hour chart shows a clear downtrend, with lower highs and lower lows, indicating persistent bearish momentum. - The recent price action has been moving downward, suggesting continued selling pressure. Gap Analysis: - The chart indicates a potential gap in the price action,...