The EUR/USD remains within a defined range, showing signs of rejection at the resistance area around the 1.07800 level. This rejection coincided with the RSI indicator indicating overbought conditions, suggesting a potential weakening of bullish momentum. Given these observations, our analysis suggests the likelihood of a robust bearish impulse in the near future,...
On EURUSD, we have a bearish setup with the price, after reaching the 1.079 area in a supply zone, starting to retrace towards a target point in anticipation of the upcoming week, which includes the Fed and ECB rate hikes, along with numerous macroeconomic data. Please share your expectations in the comments. Happy trading to everyone. Nicola, CEO of Forex48...
Euro has broken down it's giant Weekly Bearish Flag , forming within the pattern an uptrend coming from the lows of 0.95 , dating back in September 2022. Having faced resistance at 200EMA *W (1.10) and printing a Doji at that particular Candlestick , signaling so, an end to the uptrend. A down-trend has been established, momentum of which, broke down the bearish...
The price is close to 61,8 and 78,6 Fibonacci levels (ranges). I am considering taking long positions only at these area. The take profit is expected in the area of 1.10850. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
2023.9.6 Daily European Perspective USDX has plummeted ! Hello, I'm Older Duan. Today is Friday, June 9 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the dollar index. As shown in the figure, the U.S. Dollar Index broke...
Past Performance The recent accumulation of the Euro prices ended supporting buyers, looking at the performance in the daily chart. The Euro is trading above immediate resistance, support, and the middle BB—a net positive. From the candlestick arrangement, every dip above $1.0770 may offer an entry for optimistic traders as buyers likely extend their gains. ...
Hello Traders, didn't post yesterday but trade went well as seen above so, pretty obvious outlook here 😂. Price should fall briefly to the 15 mins 200 EMA and surge to around 1.08000. The vice president of the EUROPEAN CENTRAL BANKS is set to speak in about 1 hr and 30 mins but I don't think it's something that hava a quick impact on the market today. Let's...
Euro Usd Cause Study Analyse... Probebly! On Next Week...
The EUR/USD pair posted solid gains on Thursday as the US dollar weakened across the board following softer-than-expected US jobs data. At the time of writing, the EUR/USD pair is trading at the 1.0780 area, marking a 0.78% daily increase and its second consecutive advance. The US dollar faces pressure as speculations grow that the Federal Reserve will halt its...
Hi, I see A very good Swing trade opportunity Risk Reward is very good good luck everyone
We can see a triangle pattern formatting, the pair respects the extensive support line, and we maybe can see a bull trend after this liquified area Always trading 1:5 reward ratio Trade at your own risk guys Have a nice week and see you soon
Unexpectedly, jobless claims in the United States have experienced a sharp increase, reaching the highest level since October 2021. This development has had a negative impact on the US Dollar, causing it to weaken across the board. The DXY, a measure of the dollar's strength against a basket of other major currencies, has dropped below 103.50 as a result. EUR/USD...
HELLO, EURUSD WE HAVE SOME SEEL MOVE... GET into..... Trade Safe and Happy Trading
EURUSD has hit the daily demand zone. we saw a bullish market structure shift on H1, and now price has retraced to the demand zone. buy!
We can observe the Ongoing Range above our Key Level ( Weekly Level 1.066 ) Monday Asian Session -> Bearish Monday London Session -> Bearish Monday NY Session -> Bullish Tuesday Asian Session -> Range, and at best slightly Bullish Tuesday London Session -> Bearish Tuesday NY Session -> Bullish Both London Session's this week have been Bearish thus far. As we...
like my idea, follow my account, leave a comment Let us all hold on for EUR/USD correction to complete WAVE 4, after completion then we should follow the bear market down a bit to complete the bigger wave of the current sequence. Goodluck
EURUSD crossed today over the 4H MA100 for the first time since May 10th and with the 4H time frame heavily bullish technically (RSI = 61.681, MACD = 0.000, ADX = 28.340), we expect a test of the Ascending Triangle's Top, the R1 (TP = 1.07800). Beyond that, we will only buy above R2 and traget R3 (TP = 1.08315) and on HL (the bottom of the Ascending Triangle). If...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.