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Euroanalysis

#Euro prices flat-line above $1.0660, Bear Run Likely OverPast Performance Euro prices remain in consolidation within a tight range. From the daily chart, the least path of resistance is southwards, especially as long as prices are below $1.0770. Presently, USD bulls' momentum seems to be fading while Euro is finding strength above $1.0600. The results are balanced candlesticks with long upper and lower wicks, suggesting equilibrium. #EURUSD Technical Analysis EUR prices are inside the June 1 bull bar, an indicator of strength. From an effort-versus-result perspective, traders can find entries on every dip above $1.0660, targeting $1.0770 in the short term. However, for conservative, risk-on bulls, a close above the high of the high-volume, bullish engulfing bar of June 1 can offer better entries. Notably, the bar forms as EUR candlesticks print higher highs relative to the lower BB, suggesting that the downside momentum is waning. Still, as mentioned, a comprehensive breakout above the minor bear flag at $1.0770 can anchor the leg up toward $1.0850 in subsequent sessions. What to Expect? Buyers are confident as the downside momentum fades. Overall, traders are bullish, but this can only be confirmed once there is a follow-through, confirming buyers of June 1. As a result, the $1.0770 liquidation level is a vital buy trigger for optimistic Euro bulls. Resistance level to watch: $1.0770 Support level to watch: $1.0660 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Euro Ranges inside a Bear Flag, Support At $1.0660Past Performance Euro prices are lower as USD bulls found support. Technically, the downtrend remains. In the short term, the bulls of June 1 could shape the trend. For the uptrend to take shape, there must be a sharp, high-volume expansion above $1.0770 or June 1. Conversely, sellers would double down if EUR prices slip below $1.0660 and $1.0600 in the short term. #EURUSD Technical Analysis Broadly, EURUSD remains in consolidation as a possible bar flag forms. After a sharp sell-off, EUR briefly had support but failed to confirm buyers of June 1. Amid this sideways movement, there are clear support and resistance levels. Since the dominant trend is bearish, there could be entries for shorts, provided prices are below June 1 at $1.0770. Any unexpected surge above this level may see the EUR rally to $1.0850 and higher in the session ahead as the Euro recovers. Conversely, there could be more losses towards $1.0500 should prices break below $1.0600 at the back of high trading volumes. What to Expect? Sellers have the upper hand, but prices are confined within the June 1 bull bar. With clear resistance and support as a bear flag forms, conservative traders can wait until a new trend emerges, either above $1.0770 or below $1.0660. Resistance level to watch: $1.0770 Support level to watch: $1.0660 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
#Euro Rejects Sellers at $1.0660, Is The Bear Run Over?Past Performance The Euro remains volatile when writing, shaking off bears, and rejecting attempts for lower lows. With the June 5 bar closing with a long lower wick, it could suggest that the Euro found support in the late European and NY trading sessions. The immediate support and sell trigger lines remain at $1.0660 and $1.0600. #EURUSD Technical Analysis Overall, sellers have the upper hand. However, looking at the daily chart, prices are moving horizontally. Notably, the rejection of lower prices, clear in lower time frames, could form the base of a leg up towards $1.0850. Already, there is evidence of strength in the daily chart as the Asian session started off a strong footing. Still, before the shift turns bullish, traders should watch how prices react at the top of the current range at around $1.0780, marking June 2 high. A conclusive, high-volume break out propelling the Euro to new highs may trigger demand, setting the base for a leg up towards $1.1100 in the medium term. What to Expect? Euro prices remain in a broader consolidation. Even so, the leg higher and rejection of lower prices on June 5 may signal the end of the bear run. Therefore, conservative traders can wait for a clear breakout above $1.0780 before buying on dips targeting April highs. Any dump below $1.0660 and later $1.0600 cancels this preview and would fuel a sell-off towards $1.0500. Resistance level to watch: $1.0780 Support level to watch: $1.0660 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Euro bulls slow down, Buyers Have A Chance above $1.0670Past Performance Euro prices edged lower on June 2, reversing most gains posted the previous day. However, while USD bulls appeared to have the upper hand, trading volumes were lower, solidifying the bullish outlook. Therefore, while bears are optimistic, June 2 losses could be reversed should Euro bulls step in today. #EURUSD Technical Analysis The path of least resistance is southwards, at least looking at the performance in the daily chart. After a near 3.6% drop from April peaks, there could be hints of strength in the near term. For now, the immediate reaction points for traders should be at $1.0780 and $1.0670, defining the June 2 trade range. For the uptrend to take shape, there must be an expansion above last week's highs, ideally with rising volumes. This would open up the Euro for a possible retest of $1.0850 in the medium term. Conversely, trend continuation favoring USD bulls will only be confirmed if there are losses below $1.0670 with high participation. What to Expect? Euro bulls are optimistic, but whether the reversal initiated from the second half of last week would continue depends on if there is a conclusive close above $1.0780. If not, USD bulls would likely press on, heaping more pressure on the Euro. Resistance level to watch: $1.0780 Support level to watch: $1.0670 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
1
Euro Shakes off Bears as It Bottoms Up, Bulls targeting $1.0850Past Performance There is a welcomed revival in the Euro following a worrying 3.6% dip from April highs. The long lower wick of May 31 was followed by a bullish engulfing bar on June 1, reinvigorating buyers. With prices above $1.0760, there is room for further gains in the immediate term towards $1.0850. EURUSD Technical Analysis Buyers are confident of the current formation, reading from the EUR price action in the daily chart. The June 1 bar is wide-ranging with decent volumes, suggesting participation. With today's fundamental event, buyers may add to their longs, extending gains and marking the Euro bottoms. As it is, this could trigger more demand as bulls from March and April resume. Notice that the Euro has support at the 78.6% Fibonacci retracement level of the March to April 2023 trade range. As it is, Euro, if the buying pressure is sustained, could float back to $1.1100 or April highs. What to Expect? The Euro could be in the early stage of a refreshing reversal if there is a follow-through of yesterday's gains. In that case, Euro traders can double down on every attempt lower above $1.0630 and $1.0760, targeting $1.0850 in the medium term. Resistance level to watch: $1.0850 Support level to watch: $1.0630 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Euro Sell-off, Was the Recent Drop to $1.0630 Climactic?Past Performance EUR price crashed on May 31, dropping to as low as $1.0626. However, the long lower wick at the end of the session could provide a glimmer of hope for bulls. Presently, the downtrend remains, and USD bulls are emphatic. As it is, the Euro is down 3.6% from May 2023 highs. #EURUSD Technical Analysis EUR prices remain in range at spot rates but within a bearish formation. Every attempt higher below $1.0740 may provide an opportunity for sellers to double down in lower time frames. The immediate target for day traders will be $1.0630, or May 31 lows. Conversely, if yesterday's bearish bar was climactic, marking the end of the recent bear run, there must be a comprehensive close above $1.0740 with expanding volumes. In that case, the EUR may bounce to $1.0850 in a welcomed recovery. What to Expect? Bears are dominant, and bulls are struggling to tame the drain. The drop of May 31 was with expanding volumes, and the range was relatively high. With prices inside the candlestick, there could be more sell-off waiting. However, considering yesterday's gains in the NY session, there might be some breathing space for optimistic Euro bulls. Resistance level to watch: $1.0740 Support level to watch: $1.0630 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
#Euro Dumps As Sellers Double Down, Resistance at $1.0760Past Performance The reprieve of Euro bulls was quickly reversed on May 31 as the sharp liquidation ended attempts for higher highs and reversed gains. As it is, sellers are back in the picture, and yesterday’s highs at around $1.0760 will act as the liquidation line and resistance for aggressive short sellers. #EURUSD Technical Analysis The path of least resistance is defined and remains southwards, reading from the candlestick arrangement in the daily chart. Traders looking for entries should search for short opportunities in lower time frames. This applies if prices are below the critical resistance levels of $1.0760 and $1.0850 in the short and medium term. Even so, the rapidity of the sell-off has been decreasing in recent days as bear bars diverge from the lower BB. It could imply that the trend downside momentum is fading, dampening volatility. What to Expect? Sellers have the upper hand if the Euro remains below $1.0760 and $1.0850. Still, how fast prices will dump depends on if there is confirmation with a wide-ranging bear bar printing and forcing prices below yesterday’s lows of around $1.0680. Resistance level to watch: $1.0760 Support level to watch: $1.0680 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
#Euro Finds No Relief, USD Bulls Press On Targeting $1.0500Past Performance From the EURUSD daily chart, it is evident that sellers are in control, taking charge. USD bulls have been relentless, and at this pace, EUR prices may easily slip to $1.0500, retesting March 2023 lows. Notably, the banding of bars along the lower BB suggests that the selling momentum is strong, indicating that there could be more losses in the days ahead. #EURUSD Technical Analysis Every attempt higher in the EURUSD chart, below the $1.0750 resistance line, could offer an entry for aggressive sellers angling for a retest of $1.0500. As it is, the candlestick arrangement strongly favors sellers who appear to be setting their eyes on March lows. Besides the alignment along the lower BB, the past few candlesticks have closed with long upper wicks showing that sellers have quashed all attempts for higher highs. As EUR breaks down lower in lower timeframes, traders could search for riding the trend. What to Expect? Without a sharp expansion above $1.0750, sellers remain in control. The downside momentum might not be as strong as last week. Still, EUR is under pressure and could continue posting losses in the session ahead since the candlestick arrangement favors USD bulls. Resistance level to watch: $1.0750 Support level to watch: $1.0500 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
#Euro Bearish despite doji formation, Primary Support at $1.0700Past Performance Euro is bearish, and gains on May 26 were turbulent, supportive of sellers. However, with a doji forming and prices trending below $1.0760, there are hints that sellers could press on. Thus far, prices are around last week's lows at $1.0700 and could break lower in spite of today’s gains. #EURUSD Technical Analysis The short-term trend favors sellers. Resistance remains at $1.0760, and it is yet to be seen whether bears will press on, forcing prices below $1.0700 primary support. The doji bar on May 26 points to indecision and volatility. After sharp losses in the past two weeks, the Euro will likely bounce back, closing above $1.0760. Still, if this pans out depends on how prices react at $1.0760 in the short term. A sharp, high-volume close could see the Euro edge higher. If not, losses mirroring the recent pattern could heap more pressure on the Euro, sending it toward $1.0500. What to Expect? Sellers are firmly in control, but price action may favor short-term bulls. All this depends on if buyers will build from last week, expanding towards the $1.0760 reaction line. Resistance level to watch: $1.0760 Support level to watch: $1.0700 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
#Euro Bear Trend Continues, Will Prices Slip Below $1.0700?Past Performance Sellers are unrelenting, and yesterday marked another day of extension. Prices edged lower as the Euro slipped in a bear trend continuation formation. The downtrend remains, and the upside has resistance at around $1.0760, marking March 19 lows. #EURUSD Technical Analysis Bears dominate, and EURUSD is in a breakout formation, confirming last week's losses. Moreover, bear bars are riding the lower BB suggesting strong selling momentum. For now, traders can look for shorting entries on lower time frames as long as prices are below $1.0760. Based on the EURUSD candlestick arrangement, the medium-term bear target remains at $1.0500 unless a sharp, high-volume expansion reverses recent losses and drives prices above $1.0850. What to Expect? Despite the clear trend, how prices react at May 25 lows at around $1.0700 may shape the short-term trend. EUR may recover as the week comes to a close, but if prices remain below $1.0760, the downtrend remains, and bears could still drive prices to $1.0500 in the sessions ahead. Resistance level to watch: $1.0760 Support level to watch: $1.0700 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
EURUSD : Analysis for Day tradingEURUSD Technical Analysis: Target at 1.09300, Sell Range at 1.09600 In this article, we will provide technical analysis for EURUSD and discuss potential trading opportunities. The current market conditions and chart analysis suggest a sell range at 1.09600, with a target of 1.09300. Traders should set a stop loss around 1.09800 to limit their potential losses. Chart Analysis Let's take a look at the EURUSD chart : As you can see from the chart, EURUSD is trading within a descending channel. The current price of EURUSD is 1.09450. The recent price action has been indicating weakness in the EURUSD, and there is potential for further downside movement. Sell Range and Target Based on the chart analysis and market conditions, we recommend a sell range at 1.09600. Traders should aim for a target price of 1.09300. This provides a risk-to-reward ratio of approximately 1:2. Risk Management Risk management is crucial when trading. Traders should always set stop losses to limit their potential losses. Trading Strategies Traders can use various trading strategies when trading EURUSD. Some traders may prefer day trading, while others may prefer swing trading. It is essential to choose a strategy that suits your trading style and risk tolerance. At Gold Signals by Professor, we provide day trading levels and swing levels with proper guidance. Traders can click the website link in the bio for regular updates on trading.
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by Kunali7
Euro can continue to fall and break support line of triangleHello traders, I want share with you my opinion about Euro. Watching the graph, we can see how the price formed a resistance area 1.0760-1.0770, from which it begin to decline and subsequently formed a symmetrical triangle. We see how the price has re-tested the support line and risen. Euro is now trading below the resistance line of triangle, but may continue to rise and test it. After a possible retest of the resistance line, the price can begin to fall and break through the support of the triangle. I think the price can exit the triangle and continue to decline. Based on this analysis, there are set targets for the Euro at level 1.0610, which coincide with the support line of the triangle and at level 1.0575. Please share this idea with your friends and click Boost 🚀
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by LegionQ8
9
AW Euro Dollar Analysis - Officially In Bear Mode...The break of support signaled me to go straight into bear mode with on-the-spot analysis live in this video... As a result of the previous idea on what I expect to happen in the market over the coming weeks this was a timely update which is why I was quick to make this video. As this point the markets will definitely psych you out if you do not follow this method. Resistance is at 1.08776 if you want to short now. (Not financial advice.) Check out my previous idea linked below that spell's disaster over the coming weeks. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research. ***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
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by AriasWave
1
⭕️SELL EURNZD🧐🔰You see the analysis of the Euro against the the New Zealand Dollar in One hour ( EURNZD , H1)❗️🔎 🔰SELL EURNZD at 1.59400 ✅TP ; 1.56000 ❌SL ; 1.60300 🔰As is evident from the image, the price moves in a flag pattern. Considering the presence of the price in the resistance line of the flag pattern (white downtrend line) and the supply range (purple) the sale in this area seems to be low risk. The target is placed in the flag support line (the lower white downtrend line) ❗️🧐 ⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️ I hope this analysis is useful for you🙏🏻🌹 📌Please introduce the "TRADER STREET" to your friends 🙏🏻 _______________________📈TRADER STREET📉________________________
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by TRADER_STREET
Euro Currency Index (EXY) Analysis 10/03/2021there exist a very steep Bearish Divergence between the price and MACD and Its Histogram, which is the sign of trend reversal. the price has already broken the low bond of the ascending parallels Channel where it was rallying earlier. price has retested the Support line and it didn't stand after the second attempt and now turned to resistance, which is a very important sign of the trend change and index fall we can target the golden zone of the Fibonacci retracement of the impulsive wave in order to find the depth of the price correction and retracement.
TVC:EXYShort
by BitonGroup
4