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Eurusdanalysis

DeGRAM | EURUSD major support levelEURUSD is pulling back to the demand level, where price made a momentum move. Price is near the confluence level: global dynamic support and the 50% fibo level on the 4 hourly chart. The market is bullish on the daily chart; therefore, we anticipate a bullish move from the confluence level because price is pulling back against the major trend. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
4
EURUSD Technical Analysis and Trade IdeaIt is evident in this chart that the EURUSD has experienced a considerable retracement following a previous rally. When examining the weekly and daily time frames, we can observe an upward trend in the EU. Most recently, there has been a bearish move within the 4-hour time frame, leading down to critical support levels. The video delves into analyzing the trend, price action, market structure, and other technical aspects. Towards the video's conclusion, a potential trade opportunity is discussed. It is essential to note that this information is not intended as financial advice.
by fxtraderanthony
DeGRAM | EURUSD long idea from confluence levelEURUSD rebounded from the support level. Price potentialy can create a AB=CD pattern where D point completes right at the 1.13000 level. The market is trading in the ascending channel, and it's still consolidating. Price created fibonacci 61.8% level and a support level at the border of the channel. We expect a double bottom formation or false break at support to confirm that bears have run out of steam. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
3
EURUSD Quick Analysis and Trade IdeaHere we look at the EURUSD currency pair. It's evident that it has significantly surpassed its average trading range and reached a crucial resistance level in both monthly and weekly charts. The question arises: Will this rally continue or will there be a pullback from its current position? As it is Friday, the actions of smart money can unpredictably influence the markets, likely favoring their interests. Here are some possible outcomes. Please note that everything discussed in the video is for informational purposes only and should not be considered as financial advice.
Short
by fxtraderanthony
DeGRAM | EURUSD retracement expectedEURUSD is approaching the major psychological level at 1.13000 by completing the AB=CD pattern. The market is near the fibonacci extension levels and channel border. We had 6 consecutive bullish days, and we should see some retracement because the market can't go up in a straight line. We expect a bearish move; all confluences tell us that price could make a pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
5
DeGRAM | EURUSD short term correctionEURUSD is decelerating while approaching the resistance level. If price action prints a double top, the market might retrace from this level. On the 4-hourly timeframe, the market is in overbought territory. We anticipate a short-term bearish move; all confluences indicate that the price may pullback. It is going to be a structure-based trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
3