Eurusdanalysis
DeGRAM | EURUSD bullish opportunityEURUSD is pulling back to the support level. The trend is still bullish on the higher timeframe.
Price created a double bottom at the support level, indicating price rejection.
The market is basically in an accumulation phase before the new highs.
We anticipate a bullish move from the support.
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DeGRAM | EURUSD breakout pullback and short tradeEURUSD broke and closed below the psychological level 1.1000. It's an indication that the bull has run out of steam.
The market broke the consolidation zone on the left, and it will act as a future resistance level.
We anticipate a bearish move if the price rejects the kill zone.
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#Euro Dropping, USD Bulls Targeting 1.0860 in a BreakoutPast Performance
Euro bulls are losing momentum, allowing USD bulls to double down. As it is, EURUSD is within a bearish formation with primary resistance at $1.1100. With prices below the middle BB and 1.0965 broken, sellers can look for entries with targets at 1.0860 and 1.0730 being immediate and medium-term targets.
#EURUSD Technical Analysis
After sharp gains from March through April, prices are cooling off in a welcomed retracement. There is a double top following rejections of bulls early this month. Since prices are below the middle BB and 1.0965, breaking out below the range, traders can search for unloading opportunities. Tight resistance remains at 1.0965, but ideally, resistance remains at 1.1100. Short targets will be at 1.0860 and 1.0730, key reaction points of the Fibonacci retracement levels of the March to April trade range.
What to Expect?
USD bulls will likely press on, reading from the current sharp losses in the European session. Prices are dropping as USD bulls have broken below yesterday's lower range. As such, the bearish preview stands as long as prices are below the middle BB and $1.1100
Resistance level to watch: 1.1100
Support level to watch: 1.0860
Disclaimer: Opinions expressed are not investment advice. Do your research.
#EURUSD SHORTDear friends and companions:
In the 4-hour time frame,The bottom of the ascending channel has been broken and after the pullback to the bottom of the channel, it will continue the specified downward trend. The divergence between the RSI and the price chart is evident.If you like my analysis, please like and follow me.
DeGRAM | EURUSD confluence zone for longEURUSD created a double bottom at dynamic support level, indicating price rejection.
The market tested a confluence zone where support and Fibonacci extension levels met.
We anticipate bullish moves and retest the resistance, potentially at the 1.1000 level.
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#Euro Slips Below Trade Range in Distribution, Back to 1.0730?Past Performance
The Euro uptrend could be over, reading from the price action in the daily chart. For the first time in roughly seven weeks, USD bulls pushed prices below the middle BB or the 20-day moving average. This follows the high volume rejection of higher prices on May 4 from around the 1.1100 primary resistance.
#EURUSD Technical Analysis
The breakout below the dynamic support is with light volumes, nearly half those posted on May 4 when a double bar bear pattern printed. With the Euro reversing gains and prices falling below the critical support at the middle BB and 1.0965, traders can look for entries. As it is, every attempt towards the recent trade range may offer entries for sellers targeting 1.0730. This preview will be null once the Euro rallies above 1.1100, with high participation levels preferably exceeding those of May 4.
What to Expect?
After weeks of higher highs, the upside momentum is fading, allowing USD bulls to take charge. Any confirmation of yesterday's losses could begin another leg down. The next support is 1.0730 marking the 61.8% Fibonacci level of the March to April trade range.
Resistance level to watch out: 1.1100
Support level to watch out: 1.0730
Disclaimer: Opinions expressed are not investment advice. Do your research.
EUR/USD Possible to BUY....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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EURUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | EURUSD in consolidation EURUSD is testing the confluence level.
The market, as you see, is consolidating and bouncing between support and resistance.
It is near the confluence level: dynamic support and fibo level.
We expect a retest of support and trend continuation.
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EUR/USD Multi-Timeframe & Order Flow Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
DeGRAM | EURUSD upward movementEURUSD is making higher highs and higher closes.
The market is bullish on the 4-hour timeframe, and most likely the price will make a new high.
Price broke and closed above the channel, which was a pullback against the major uptrend.
We anticipate the trend-continuation trade.
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#Euro Bulls Firm, Will Prices Rally Above 1.1100?Past Performance
The uptrend remains, but USD bulls are rejecting attempts higher. From the daily chart, primary resistance lies at 1.1100, marking May 4 highs. The failure of prices to move higher last week supports bears. There must be a sharp dump below 1.0965 and the middle BB, or the 20-day moving average, for sellers to fully take control.
#EURUSD Technical Analysis
The uptrend remains, but there is a double top forming. With prices flat-lining at spot rates, diverging from the upper BB, there could be signs of dropping upside momentum. Still, EUR bulls have the upper hand, provided prices are above the middle BB and 1.0965. As it is, traders can wait for a confirmation of the May 4 bar. In that case, losses below 1.0965 with expanding volumes may see USD bulls drive prices back to 1.0865 in a bear trend continuation formation. Any rally above 1.1100 with the same rapidity cancels this bearish outlook.
What to Expect?
EURUSD is consolidating at spot rates after a superb performance by EUR bulls. Still, there must be a convincing breakout above the current range for trend definition. Any upswing will confirm buyers of March, cementing Euro bulls' dominance.
Resistance level to watch: 1.1100
Support level to watch: 1.0965
Disclaimer: Opinions expressed are not investment advice. Do your research.
DeGRAM | EURUSD rejecting the resistance EURUSD rejected the resistance level and made a sharp move down.
Price action is most likely to continue consolidating or go down to complete the AB=CD pattern.
We anticipate a bearish move since price action made the same move on the left.
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#Euro Contracts, USD Bulls Find Reprieve after 2 Month Bear RunPast Performance
Euro prices are lower as USD bulls rejected attempts for higher highs. The immediate resistance lies at 1.1100, as a double top will likely print in the upcoming sessions. A notable development when prices rejected higher prices on May 4 was the rise in trading volumes. This may suggest that USD bulls are keen to participate, a move that could press the Euro further in the days ahead.
#EURUSD Technical Analysis
The rejection of higher highs on May 4 prints out at a critical resistance level. The 1.1100 resistance line flashes with April resistance. It is also within the same range as February peaks. While bearish, how prices move in the next few days depends on if USD bulls press on. Any breakout below the current range at 1.0960 may trigger a sell-off towards 1.0850 and 1.0750. These are critical Fibonacci retracement levels of the March to April 2023 trade range.
What to Expect?
USD bulls are confident, and the EUR Bull Run could be over. This depends on whether prices drop below the immediate support level today or in sessions ahead. Any upswing above 1.1100 will invalidate the bearish preview, allowing Euro bulls to continue with the upswing from early March.
Resistance level to watch: 1.1100
Support level to watch: 1.0960
Disclaimer: Opinions expressed are not investment advice. Do your research.
DeGRAM | EURUSD structure-based tradeEURUSD is trading in an ascending channel.
The market is printing an engulfing candle, meaning bulls have pushed back.
We have basically a consolidating market, and it made a false break of the resistance level.
We expect a bearish move.
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#Euro Retesting Key Resistance Line, Double Top Forming?Past Performance
Euro bulls have the upper hand, printing higher highs in the daily chart. Gains of May 3 were conspicuous but failed to break out above 1.1100. Still, the bulls have the upper hand despite the clear double-top forming.
#EURUSD Technical Analysis
The Fed raised rates but didn't push the Euro above the immediate resistance level. The May 3 bar closed with a long upper wick suggesting sell-off in the tail end. Moreover, trading volumes are lighter, hinting at weakness after a strong performance in the last five months. As prices consolidate and momentum drops, traders should watch out for how prices react at 1.1100 on the upper hand and 1.0965 on the lower end. For bears to take charge, a high volume bar must break below 1.0965, confirming the bearish engulfing bars of April 14 and 25. Conversely, a break above April highs may see the Euro extend gains, powering towards 1.12.
What to Expect?
Euro bulls are in control following a 5% gain since January. There is a possible double-top forming, and momentum is waning, questioning the strength of the upsides. In the days ahead, a comprehensive, wide-ranging breakout above immediate resistance will rejuvenate demand, further pumping the Euro.
Resistance level to watch out for: $1.1100
Support level to watch out for: 1.0965
Disclaimer: Opinions expressed are not investment advice. Do your research.
EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EUR/USD Multi-Timeframe & Order Flow Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.