EURO-USD
EURUSD Sell from level 💶💵Hello guys, Everything is explained on the chart for you like always. The price in trading range and coming to supply zone which you can consider it monitor to enter sell position.
Good luck.
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EURUSD 1 HourPrice has pulled back today & reached the previous lower high of the downtrend, along with the 50 fibonacci retracement & is at the previous structure support zone now turned into potential resistance. From this region here, I am looking for signs of a bearish reversal for price to resume the Current downtrend for a lower low into the key area of support
EURUSD buy from level 💶💵. updateHello guys, Everything is explained on the chart for you like always. The price entered our target area and sell positions closed and buy position was activated at 1.0537. Now you can manage your positions until reach the target.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
EURUSDEURUSD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
EURUSD weekly chart: Trendline retestIf we look at weekly chart of EURUSD , we see a classical trendline retest (price nicely broke down the trendline in April 2022, with a valid breakdown after Tom Demark criteria).
Price is likely to continue bearish next months. Tom Demark breakdown projection sends us below 1.00.
Price also failed to establish itself in the yearly bull zone - above yearly Camarilla R1, rejecting from there. Typically, from the yearly close, price travels either to above yearly Camarilla R3 or below yearly Camarilla S3
Hence a downtrend to yearly S3 (1.0) is quite likely.
For educational purposes only.
Watch big round numbers and their halvesSee how price reacts at 1000 pips increments (1, 1.10, 1.20, 1.30) and their quarters (1.25, 1.05, 1.075 and so on).
The reaction at those levels is nearly guaranteed. Once price hit 1.10 recently, we saw a pullback of 350 pips to the downside.
Those psychological levels will be highly useful to any trader. They work well on majors (USD baed pairs), less so on crosses.
For educational purposes only.
EurUsd SellThe rally is strong enough that the market is likely transitioning into a trading range more than a strong bear trend.
This means traders should expect the bears to be disappointed with the rally. However, the bears will expect a 2nd leg down after the formation of a lower high major trend reversal.
It is a low probability that the bears will be able to get a strong second leg down without the low-high major trend reversal.
EURUSD buy from level 💶💵Hello guys, Everything is explained on the chart for you like always. The price has broken the resistance so the buy point from pullback to the base band as a new support zone.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
EURUSD LONG BIAS (UPDATED)Hello all!
EURUSD analysed for you (with a Top-Down recap)
My projection (explained in the video from Monthly TF) explains why i am buying EURUSD.
I will be in a short term sell position BUT its mainly because I like to follow a buy to sell setup (or sell-buy)
My POI for selling the pair is shown, and the INTERESTING Demand zone that i will look to buy from is shown as well!
Sit back and enjoy!
Take care!
EUR/USD meets resistance around 1.0900 ahead of US docketAfter a brief test of the 1.0900 regions earlier in the session, EUR/USD now comes under some mild downside pressure and revisits the 1.0880 zone at the end of the week.
EUR/USD seems to have met some resistance zone in the area of multi-month peaks near 1.0930 (January 26) amidst the broad-based consolidative mood in the global markets and some lackluster recovery in the greenback.
On the latter, better-than-expected results from key US fundamentals on Thursday lent support to the buck and prevented the USD Index (DXY) from shedding further ground, which eventually morphed into the ongoing corrective decline in the spot.
EUR/USD:Stays below 1.0900 after German IFO dataEUR/USD trades marginally lower on the day below 1.0900 as the cautious market mood helps the US Dollar holds its ground against its rivals. The IFO data from Germany showed that business sentiment improved modestly in January but failed to help the Euro.
German Economy Minister: No signs of marked recession
In the annual government economic report published on Wednesday, the German economy minister said that they do not see signs of a market recession as feared by many observers, as reported by Reuters.
The publication revealed that the Gross Domestic Product is forecast to expand by 0.2% in 2023 and inflation is expected to be 6% in 2023, compared to 7% in the autumn forecast
EUR/USD marches towards 1.0900 as Fed/ECB policy stance divergesThe Euro remains supported by ECB officials fighting speculation of a 25 bps hike. S&P Global Manufacturing and Services PMI surveys will likely be a reality check for the strength of the shared currency.
Bulls remain in control of the sentiment around the European currency and motivate EUR/USD to flirt once again with the 1.0900 neighborhood on Tuesday.
Following Monday’s marginal gains, EUR/USD picks up the extra pace and extends further the march north to the proximity of the 1.0900 mark on turnaround Tuesday. So far, the pair navigates the third consecutive week with gains after shedding ground at the very beginning of the new year.
In the meantime, hawkish ECB-speak as of late helped maintain the bullish price action in the pair, which gained more than 4 cents since monthly lows near 1.0480 recorded on January 6.
EUR/USD:RSI Divergence , possible retracement for the EUREUR/USD has lost its traction and pulled away from the multi-month it set above 1.0900 earlier in the day. Mixed comments from European Central Bank officials regarding the rating outlook and the cautious market mood seem to be limiting the Euro's upside for the time being.
We can see an RSI divergence on the chart, this may show a retracement of the price for today.