EURO-USD
EURUSD AnalysisEURUSD Pulling back from recent highs after failing to breakthrough 1.01. We're currently seeing a rejection from key fibs and our support area. We are now looking on the 4HR for entry opportunities if this area does hold and we see a push over the 200MA. Targets would be to retest the previous highs.
Euro driven by fundamentalsPrice action and volume analysis are of little or of no help here at all. Though in my previous post I did tell that price will end at the upper side of quarterly opening range (that is where it stopped today).
Euro is very much driven by fundamental factors (interest rates) due to the divergence between Eurusd and German-French and US short terms bond yields differential.
This divergence have been forming since 2018 and sooner or later such bubbles explode.
I would look for longs if price breaks upwards through the quarterly opening range.
For educational purposes only.
The closest observation at what is happening EUR/USD,Price Range: This range has attracted buyers, one again price was entered into this attraction, and buyers were seen active.
Buyers lost their control against sellers and price was pushed down with average volume.
Invalid Diji / Suspicious Alarm :
Compare to surrounding 3 candles volume, Doji has an extremely low volume that indicates suspicious activities started.
Rounded Pattern:
Whenever you see the rounded pattern which has low volume because of trader/investors, not interest that area of the range.
From the 3rd of April, we are seeing average volume trading.
Finally, If price move in a broad range with crossed average volume will our direction. For example, price cross Average Volume this week will be Bullish in price next few weeks.
In the last update: I suggested to buy EURUSD:
EUR/USD The Buy Area You've Been Waiting For.The price has hit this horizontal support before. We can see that this price level has been pivotal before. That's something that we can monetize using technical analysis.
Place your stop loss not under the current support, but under the level 2 support. We don't know if the price will fall further, but the second level of support is much stronger than the first one. This gives us some slack and room for error.
Exit the trade underneath the horizontal resistance for maximum profit compared to risk taken. If you would place it above, you would risk the price not being hit and rejected by the zone.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
EURUSD - 20/4//20Downtrending trend-line has been showing strong respect since January 2019. There is a longer term potential downside to this pair however I am expecting the Dollar to lose strength based on technical analysis this week, keeping in mind all that has been happening, there's no telling what could happen. Judging from what the US Dollar does, we will know how to react.
EURUSD: Still Bearish!
hey guys,
after a bearish breakout of a rising trendline, EURUSD remains quite weak.
currently, the price is retesting the broken trendline and we see nice rejections on 1H.
due to the low volatility, I don't think that we will see strong swings today, however, I believe that we can still expect bearish reaction.
today I expect the price to reach 1.083/1.0775 levels (based on support levels)
please, support the idea with like and comment! thank you
EURUSD: Trading Plan For Today
hey guys,
eurusd reached a key daily structure.
pay attention to a rising wedge patten on 4H to catch an occasional bearish wave.
for confirmation, wait for a bearish breakout of its support (4H candle close below),
and then sell aggressively or on pullback aiming at 1.0875 / 1.0775
stop will be placed above the wedge's higher high.
in case of a bullish continuation and 4h candle close above the underlined area,
setup will be invalid.
💶 EURO - DOLLAR 💵 What's next?🔆💥Hi guys!💥
💋The Forex market has been very pleasantly surprising me lately. 💋
💶💵Euro-dollar likes many traders. Let's look at the hourly chart. It shows very good growth. You may see ones more falldown to 1.08446, but then I expect the growth to the strong level of resistance.
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🇪🇺| 🇺🇸 EUR / USD — Possible Reversal ZoneHello people.
Just before Monday want to show you what I think can happen during next week on EUR / USD.
I recommend to see what will happen on Monday.
Wait in buy zone for more confidence in rebound.
The Wedge on chart is thin, so maybe the breakout will be low.
1.075 is good support so we can use it as key level.
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My latest EUR / USD chart shared here:
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