#Euro Rallying, Bulls Targeting April Highs at $1.1100Past Performance
The Euro bounce is clear, and the currency is now up 2.95% from June 2023 lows. As it is, every attempt lower but within the June 15 bar is an opportunity to load up, targeting $1.1100 or April 2023 highs. Any dump below $1.0770 will nullify this preview.
#EURUSD Technical Analysis
The June 15 bar is wide-ranging, with decent volumes pointing to high engagement. Even though the bar confirms the bullish breakout of June 8, which also forced prices above the middle BB—or the 20-day moving average, it may be climactic. Therefore, though the first target is $1.1100, a retracement within the June 15 bar at around $1.0800 may allow aggressive traders to double down, aiming to ride the leg up. For now, the trend continues the March to April bull trend. Any loss below $1.0770 invalidates this preview.
What to Expect?
Euro may expand further towards $1.1100 in the days ahead. The primary trend is bullish, in sync with gains from March to April. With prices recovering from around $1.0600, the 78.6% Fibonacci retracement level of the March to April 2023 range, the Euro could retest $1.1100.
Resistance level to watch: $1.1100
Support level to watch: $1.0800
Disclaimer: Opinions expressed are not investment advice. Do your research.
Eurousd
EURUSD analysis (1W time frame)On the chart, we can see that the price is in the middle of the range, but is retesting the key support now.
We expect that the price will breakdown to grab the liquidity and do the false breakout. After that we expect the price to come back up and move higher towards the horizontal resistance
Target, stop loss and entry are shown on the chart
EURODOLLAR, SHORT TERM BUY POTENTIALEurodollar is seeing some stabilization in this price area. There is a support level around the 1.07 from last weeks price action. Consider buying the currency and selling in the 1.08 area.
This week ECB and FED meetings are up. While ECB hike is certain, dollar hike has a 30% probability and it wont probably realize, so there is some euro upside not currently priced in.
Bullish dollar for this weekI expect the strong bullish trend that started last week to continue! After hitting the midterm target for dollar at around 106, I expect a massive selloff! And then stocks and equities will truly fly! But let's not get ahead of ourselves yet! :)
I will update this through the week!
If you are interested also take a look at my euro and pound analysis for the week!
EURUSD Range zoneOANDA:EURUSD The price has pull backed to the white trend line and now we are in a trading range between yellow and blue zone.
🟥Please Pay attention🟥
*Don't forget like and follow.💛
*Please do a research first and then open a position( Not just by my analysis )🧐
*If you liked this idea or if you have any other opinion about it, write in the comments.❤
Euro will tank this week I think we have printed the high of the week on #eurousd here! Dollar has been bearish for weeks and now it is starting to see some relief! This means risk off conditions on other assets! I am looking at the the daily fair value gap as the weekly target for eu!
We hit into a daily bearish fvg on euro and have seen some nice reaction! Let's see if the moved will be sustained!
EURUSD is falling with 🗻🗻🗻Triple Top Pattern🗻🗻🗻!!!EURUSD managed to form a 🗻🗻🗻 Triple Top pattern 🗻🗻🗻.
EURUSD is currently completing the pullback .
I expect EURUSD to drop to the next 🟢 support zone($ 1.076-$ 1.0712) 🟢 after completing the pullback to the 🔴 resistance zone($1.095-$ 1.0915) 🔴 and the neckline.
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EUROUSD potential short position after trend line breakoutOANDA:EURUSD Price breakout trend line and pull backed to the trend line. We should look for short positions. I think we might see price near orange line.
🟥Please Pay attention🟥
*Don't forget like and follow.💛
*Please do a research first and then open a position( Not just by my analysis )🧐
*If you liked this idea or if you have any other opinion about it, write in the comments.❤
Better action on the EUR/USD todayOANDA:EURUSD
Much better this morning
No fancy terms, no fancy commentary, NO fortune telling here from me.
I don't pretend to know how the market makers play everyday, no one can, as we are mostly just home gamers sitting home trying to pay our bills.
AND NO, no one know how the banks trade, if they knew, why are they posting to us home gamers?
I just use some cool tools to help me get some scalps here and there, that is it.
Trade well.
Now to enjoy my day.
Prepare to sell EUR within next 2 monthsTechnical Analysis:
- In weekly, EURUSD is doing wave ((4)) in black
- In short term, EURUSD is doing wave 2 in red
- H1 right side is turning down
- H4 right side is up
- Weekly right side is down
Technical Information:
- If you're a Swing Trader, you can sell wave ((4)) in red around 1.16
- If you're a Position Trader, you must wait for wave ((5)) in black around 0.93 to buy
4-28-23 [dxy]good day,
---
yesterday i shared a very conservative case on the us dollar,
but after seeing the unfolding structure,
i have come back to revise the case.
i am predicting that the dxy expands upward in a fairly aggressive impulse upwards into may via an expanded flat.
---
will update as it goes,
but for now it's looking like we're heading up to roughly 105-106.
stay safe!
EURUSD falls by Fan Principle at Top pattern💣EURUSD is falling by Fan Principle at the top pattern; if the third line breaks down, expect EURUSD to reach the support line.
Since DXY will be bullish, there is a very high probability of completing Fan Principle at top pattern.👇
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
The fall of the EURO with a 🗻Double Top🗻 pattern!!!It seems that according to the regular divergence(rd-) between the two peaks created in the 🔴resistance zone🔴, the possibility of creating a Double Top pattern after the breaking of the uptrend line is very high.
Since the DXY analysis is bullish, the probability of the euro falling after breaking the neckline of the Double Top pattern to the 🟢support zone🟢 is high.
The Double Top pattern is likely of the Adam-Adam type, which has many credibilities.
DXY analyze👇
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 4-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
HelenP. I Euro break resistance 1.0800 and can continue to growHi folks today I'm prepared for you EURO analytics. After a fake breakout of the resistance level 1.0930, the price began to fall and broke through the support level. For a long time, the Euro traded below the level 1.0800 and formed a support zone 1.0540-1.0515. Recently, the price the re-tested support zone, began to move up and broke through the resistance level 1.0800. Euro continued to grow, but was never able to break through the resistance at 1.0930 and made a correction to the trend line. After retest trend line, the price continued to rise and was fixed above the mirror support level 1.0800. I expect that the Euro can continue to grow and reach a resistance level. Therefore, will be set the targets at levels 1.0875 and resistance level 1.0930. If you like my analytics you can support me with your like/comment ❤️
LONG EURUSD (4H TIMEFRAME)Following on my idea on the daily and weekly timeframes below:
EURUSD looks like have completed its pullback before uptrend continuation.
EURUSD retested the support (demand) zone and tipple bottom neckline at the bottom of area 1.07 on the 4H timeframe with failing to break below.
Possibly a sub uptrend channel is forming, which next target is into the upper channel above previous and current month high into area 1.11.