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Euro-dollar

💶💵 EUR/USD Correction Time 💶💵💶💵 EUR/USD Correction time 💶💵 💶💵 Nearest strong support zone: around the 0.236 level of the entire upward wave. 💶💵 Nearest strong resistance zone: around the recent maxima. 💶💵 Technical environment: - Moving averages: Uptrened - MACD: Uptrend - RSI: Uptrend - Supertrend: Uptrend 💶💵 Price action: EUR/USD Maintains its upward momentum reaching the 1.083 area today from where I expect a downward correction to be realized. Looking at the importance of the 1.08 level in the past, it doesn't look like EUR/USD can handle it the first time. I expect the execution of a larger correction from the current levels. It doesn't look like there will be any more buyers at the current levels. 💶💵 The scenario I'm playing out is the start of a larger downward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💵Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
Short
by InvestMate
6
EUR/USD in a lovely rangeThe algorithm has found an interesting pattern in EUR/USD. Red in chart After the break of the previous channel the price has corrected a 61,8%, the fibo level but this is also the previous zone of supports and resistances. If that's not enough, it's also the last level with accumulated volume, if we move to 1,08 the volume disappears which would be the perfect storm for a rally until the zone of 1,12 where we should expect offer again. Green in chart To see the rally to 1,12, a fast break of 1,08 must occur. So having enyrty postitions over 1,08 could be an interesting strategy with a good risk reward ratio. Blue in chart The model predicted this area as a key level to stop rallying due to multiple reasons: 1. Prior supports and resistances. 2. High volume accumulation, meaning that offer is probably waiting here. 3. 61,8% fibo level. 4. High band of the new uptrend channel. After this lateral market started dec 15, the break could firstly occur in the downside, breaking the support of 1,06. If this occurs a small double top pattern would be confirmed and we should see the price to 1,04 soon. This level would be key to see if we are still in a lateral correction of this uptrend.
by TopChartPatterns
💶💵 EUR/USD Chance for Continuation of Increases? 💶💵💶💵 EUR/USD Chance for Continuation of Increases? 💶💵 Nearest strong support zone: around the last correction bottom. 💶💵 Nearest strong resistance zone: outer fibo level 1.272 of the last downward correction. 💶💵 Technical environment: - Moving averages: Uptrend - MACD: Downtrend - RSI: Uptrend - Supertrend: Uptrend 💶💵 Price action: EUR/USD Still struggling to maintain gains. Friday's session brought us a strong rebound and a return to the uptrend. The candle at over 1.5% really stands out from the rest, we are currently at 0.618 fibo level of the wave from peak to bottom. At the current moment, there is a good chance to continue the uptrend from current levels. I recommend watching the resistance zones marked on the chart. 💶💵 The scenario I'm playing out is a continuation of the uptrend but with some caution about the ranges, I'll be watching closely the resistance zones that lie ahead. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
Long
by InvestMate
4
💶💵 EUR/USD Continuation of Declines 💶💵💶💵 EUR/USD Continuation of Declines 💶💵 Nearest strong support zone: around the fibo 0.236 level of the wave from the bottom to the local peak. 💶💵 Nearest strong resistance zone: around recent highs. 💶💵 Technical environment: - Moving averages: 50/50 - MACD: Downward trend - RSI: Downward trend 💶💵 Price action: after the strong reaction of the strengthening of the dollar yesterday, we are in the process of making an upward correction back to the area of the previous accumulation. 💶💵 The scenario I am playing is to wait for the end of the correction and accumulation in order to join the upcoming downward wave. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
13
💶💵EUR/USD First Increases Then Decreases💶💵💶💵EUR/USD First Increases Then Decreases 💶💵EUR/USD finally flew down beautifully, exactly as I've been writing for the past week. 💶💵It looks like this is just the beginning of the declines. 💶💵But after such a strong downward impulse, we should make a small upward correction at least to the vicinity of 1.06 where I have set a local resistance zone. 💶💵The target support zone so far is around the 0.236 level of the entire upward wave. But I do not rule out a deeper correction if the technical environment confirms such a scenario. 💶💵The scenario I am playing out is the continuation of declines after the execution of an upward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
by InvestMate
4
💶💵EUR/USD Problems With Increases💶💵💶💵EUR/USD Problems With Increases. 💶💵As I wrote in the last post, EUR/USD has had problems with increases for the last month: 💶💵Every attempt at increases ends with the start of a small downward correction which returns to increases during the next sessions. 💶💵Looking at EUR/USD I don't see much potential for increases there. The price is being pulled out on a wave of positive sentiment. 💶💵But at any moment we can expect the start of a real downward correction. 💶💵Looking at the technical environment, I don't see any decisiveness there about any of the directions. 💶💵I am still waiting for a firm decision on the direction. 💶💵The scenario I am playing out is to wait for the start of a strong downward movement. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
7
💶💵EUR/USD Lack Of decisiveness💶💵💶💵EUR/USD Lack Of decisiveness 💶💵This lack of volatility on EUR/USD is quite tedious. 💶💵We again attacked the resistance zone where the level of 0.618 of the entire last downward wave is located. 💶💵Looking at the current situation, we may have to wait a little longer for declines. 💶💵But I believe that sooner or later we will pass the correction I mentioned. 💶💵We can expect a big move at any time. 💶💵The current technical environment is 50/50 💶💵The scenario I'm playing out is to wait for some bigger move. If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
by InvestMate
3
💶💵EUR/USD In Anticipation Of Declines💶💵💶💵EUR/USD In Anticipation Of Declines 💶💵EUR/USD Another day tried to attack the increases which again ended with a very quick reaction of the selling side. 💶💵Everyone is waiting for the end of this accumulation. 💶💵Looking at the behavior of price action and the technical environment, I have no doubts about the validity of my perspective. 💶💵My scenario remains unchanged. 💶💵The scenario I am playing out is a continuation of declines to the vicinity of the support zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
3
💶💵EUR/USD Bounces Off Resistance Zone💶💵💶💵EUR/USD Bounces Off Resistance Zone. 💶💵Today's start of the European session brought an attack on the resistance zone, followed by a sharp sell-off. 💶💵In my opinion, the potential for a downward correction from current levels is only increasing. 💶💵It looks like we will see a gradual weakening of the Euro over the next days/weeks. 💶💵The scenario I'm playing out remains unchanged, I'm still waiting for declines near the support zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💵Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
7
💶💵EUR/USD Key Moment💶💵💶💵EUR/USD Key Moment. 💶💵Looking at where we are, we face an important decision. 💶💵Will we start to make a large downward correction of the current uptrend after a flat move. 💶💵Or will there be a continuation of the uptrend and we will climb to new highs. 💶💵Looking at the behaviour of the price and the lack of strength to continue the upward movement. In my opinion, the greater probability here is on the downward side. 💶💵The scenario I am playing out is a continuation of the declines to the vicinity of the support zone. I do not exclude the possibility of changing the scenario and if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💵Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
10
💶💵EUR/USD No Decision💶💵💶💵EUR/USD No Decision 💶💵On the most important forex pair, still no final decision on the future direction of the price 💶💵we are already 10 days into the 1.062 area and we still do not know the answer as to whether the continuation of the uptrend will continue. 💶💵So far the situation does not favour either side. 💶💵If we were to drop in the vicinity of 1.05 a continuation of the decline would be very likely. 💶💵And if we break out to a new peak, a continuation of the uptrend would be the prevailing scenario. 💶💵For now, we are left waiting to see what direction the price will take. 💶💵My scenario is to wait for a decisive move in one of the directions. If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
by InvestMate
7
💶💵EUR/USD Finally Declining?💶💵💶💵EUR/USD Finally Declining? 💶💵This post is a direct continuation of my previous post in which I wrote about accumulation and the possibility of another downward wave. 💶💵As you can see, we attacked the resistance zone again and started to fall from the beginning of the European session. 💶💵Again the technical environment supports the downward scenario, looking at the fact that we are again under the 50 moving average and the MACD and RSI are again generating downward signals. I have no doubt about the higher probability of declines from the current level. 💶💵The support zone was determined by the fibo level of the 0.236 wave from the bottom to the current peak. 💶💵The scenario I am playing out is a continuation of declines to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
15
💶💵EUR/USD Still Undecided💶💵💶💵EUR/USD Still Undecided. 💶💵EUR/USD Still holding around 1.6 💶💵The accumulation has been going on for more than a week. 💶💵Looking at what EUR/USD is struggling to break out to new peaks. 💶💵The scenario remains unchanged, I still expect declines. 💶💵The support and resistance zone remains unchanged. 💶💵Given the technical environment, the MACD and RSI have returned hope for the execution of declines over the next few days. 💶💵The scenario I am playing out is a continuation of the declines to the designated support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
6
💶💵EUR/USD At The Resistance Zone!💶💵💶💵EUR/USD At The Resistance Zone! 💶💵With the weakness of the US dollar, EUR/USD is once again back around the resistance zone. 💶💵We are at an important point on the chart. 💶💵If we break through the resistance zone, I would not rule out a continuation of the uptrend, but its extent would not be large with the current market sentiment. 💶💵But if we rebound from it again with great strength, I would not rule out a downward scenario. 💶💵We will not have to wait long for a decision. 💶💵The scenario I'm playing out is to wait for a market decision and a decisive move in either direction. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
by InvestMate
7
EURUSD buying opportunity | 20 December 2022On the H4 timeframe, EURUSD came to test the historic 1.06000 resistance level twice, before softer than expected US CPI data released on 14 December weakened the prospect of future Fed rate hikes and caused the Dollar to plummet. This gave EURUSD the bullish fuel to break above the 1.06000 resistance turned support level. After the initial breakout, price came back down to approach the new support level multiple times. The 50 bps rate hike by both the Fed and ECB on the same day had little effect on price action, as the announcement had already been long expected by the market and came as no surprise. Price is consolidating in a falling wedge pattern, where we forecast a subsequent bullish breakout to the next historic resistance level at 1.07780, where we will take profit. Given that price has touched the lower bound of the Bollinger band and Stochastic RSI indicates a dip into the oversold region, technicals are in support of our bullish bias. However, US GDP and US PCE Index data are due to be released on back to back days on 22 and 23 December next week, representing a point for volatile price action. If poor GDP performance confirms previous indicators of the worsening economic outlook, and the PCE Index shows that inflation is on its way to being controlled, then we could see a rapid ascent to the 1.07780 take profit level. However if the reverse is true, price could potentially break below the support level to our stop loss level of 1.04650.
Long
by T3-Consultancy
💶💵EUR/USD Continuing Declines In The New Week💶💵💶💵EUR/USD Continuing Declines In The New Week 💶💵The EUR/USD at the opening of the trading session today is still continuing the direction taken last week. 💶💵There was an attempt to attack the resistance zone, but we went down again very quickly. 💶💵The support zone remains unchanged is the 0.236 level of the entire down-to-the-high wave. 💶💵Looking at the technical environment, among other things, the fact that we are still under the 50-period moving average and the MACD and RSI are generating pro-decline signals. I have no doubt about the future direction of the price. 💶💵The scenario I'm playing out is a continuation of the declines to the first support level ahead. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
8
InvestMate|EUR/USD Next Downward Wave💶💵💶💵EUR/USD Next Downward Wave 💶💵This post is a direct continuation of my yesterday's post: 💶💵As you can see, EUR/USD is behaving exactly as I wrote. 💶💵Looking at the price behaviour and technical analysis indicators such as MACD, RSI. 💶💵It looks like we are in for another wave of declines to the nearest support zone. 💶💵The support zone was determined by the 0.236 level of the entire upward wave from the bottom. 💶💵The scenario I'm playing out is a continuation of declines to the nearest support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
6
InvestMate|EUR/USD Start Of A Downward Correction?💶💵💶💵EUR/USD Start Of A Downward Correction? 💶💵Looking at the behaviour on EUR/USD today. 💶💵I find it hard to take a unanimous opinion on the direction. 💶💵Looking at how the price first knocked out a new peak to then go even lower than before. 💶💵Looking at how the EUR/USD will perform something like a sideways correction with the probability of the price going down around the 1.045 levels 💶💵The target support zone was determined by the level of 0.236 of the entire current upward wave from the bottom. 💶💵I have established a resistance zone around the recent highs. 💶💵Looking at the MACD, it confirms the downward scenario 💶💵The RSI is more hesitant about the direction. 💶💵The scenario I am playing out is to wait for price to confirm the downward direction. To join the declines. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
7