EUR/USD Falls After US Labour Market Data On Friday, key employment data from the US was released, which proved somewhat mixed. On the one hand, the increase in jobs fell short of expectations. According to ForexFactory, the Non-Farm Employment Change figures were: → actual = 142K; → expected = 164K; → previous month = 89K. On the other hand, the unemployment...
EUR/USD recently reached a key daily resistance zone, facing a strong rejection from that level, signaling potential further downside. The pair also lost the critical support zone below 1.11, consolidating under it for the past week. After this consolidation, EUR/USD has completed a pullback to the critical zone, making it technically ready to fall further. This...
Last week (September 03, see chart below), we called for a major sell on the EURUSD pair as it closed a strong 1W red candle, almost at the top (Higher Highs trend-line) of the 11-month Channel Up: On Friday we got a strong confirmation of this sell signal as it closed in deep red and large wick on top, indicating a reversal of the short-term bounce....
EUR/USD: Bearish Bias Amid Dollar Strength and ECB Rate Cut Expectations Last Friday, the EUR/USD pair attempted to recover some of its losses from the previous week, following an initial decline in the US Dollar. The greenback weakened after the release of the ADP Non-Farm Employment Change and Unemployment Claims, which delivered less-than-encouraging economic...
Fundamental Overview: Eurozone Inflation: Recent inflation data from the eurozone points toward expectations of an interest rate cut by the European Central Bank (ECB). This could weigh on the euro in the medium term, as lower interest rates generally reduce the currency's appeal by offering lower yields for investors. US Economic Data: The August jobs...
I was, well, somewhat right about the move for EURUSD on Friday. I was bullish for a move higher, though I said that the PZ would be the level to look for longs with strong level 1.1154 as the price target. NFP came, EURUSD dipped down to first support below PZ instead and rallied all the way to 1.1154 strong level, in which I said is a possible short and the...
The Fiber (EUR/USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which is an overlap support. Pivot: 1.1111 1st Support: 1.1034 1st Resistance: 1.1157 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
We just entered a new month, and not just an ordinary month -- It's JULY! And what's special about it? -- and its connection to EUR? Based on 50 year chart history, JULY is EUR's favorite month to 'ascend' so to speak. JULY seems to play an important role for the pair's price behavior. A lot of times, what comes after a correction -- is an upside reversal that...
EURUSD can go up, the RRR is more than 1:2.5 let's catch it. thanks
This is what i plan for next week am expecting a bullish week for EU
Starting this week with EU, as we always do. As you can see, we are pretty much at the centre of our current range, leading us to believe we are building liquidity on both sides. Currently, we have swept out the high from last week during a news push. After this sweep, we dropped lower than our previous low, establishing a bearish range and putting the price in a...
By analyzing the Tesla stock chart on the weekly (logarithmic) timeframe, we can see that, as expected, the price entered the supply zone at $235. After reaching this level, the stock faced a decline and corrected down to $210! It is likely that we will see further correction in Tesla's stock price. However, as mentioned in the previous analysis, due to the recent...
Here is the expected DXY path for the incoming weeks. We are working with a complex ABC pattern. We are currently in major wave B ( ZIGZAG Pattern ). Zigzag pattern ( 5-3-5 ) is made up of 3 waves: Wave A = 5 waves Wave B = 3 waves Wave C = 5 waves Working with Wave C, we still have subwave 5 in order for major wave B to be completed. What we are looking for...
My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.1083 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.1099 About Used Indicators: The pivot point itself is simply...
My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.1107 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.1072 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend'...
Looking at the higher timeframe analysis, we can see that EURUSD is moving impulsively in the last period of time. Impulsive move is made up of 5 waves - Wave 1 = Wave 3 = wave 5 = 5 waves - Wave 2 = wave 4 = 3 waves We are now in subwave C of wave 4. Expecting a move down to our buy zone where we'll be looking for buys targeting 1.13 level. If...
Here is my latest structure analysis and important support and resistance levels to focus on EURUSD next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️