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Eurusdanalysis

DeGRAM | EURUSD consolidation continuesEURUSD  is in the consolidation zone at the support level, bears made a lower low, and then price pulled back to the resistance level . Price was rejected at the resistance level; big green candle up and a big red candle down. This type of formation gives significance to the levels. We expect further consolidation, meaning a price range between 1.0700 and 1.06100. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
9
DeGRAM | EURUSD short opportunityEURUSD broke out of the ascending channel, which means the bullish trend is on hold. Usually the markets consolidate around significant levels, and we can see that currently the price is consolidating near the dynamic support following the 1.07500 level rejection. We anticipate a retest of the support because price is gravitating toward the 38.2% level that drawn on the daily timeframe. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
6
DeGRAM | EURUSD descending channelEURUSD is trading in the descending channel.  The market is in the consolidation zone, bears could not make a lower low, and then price pulled back to the resistance level. Price is decelerating at the resistance level, and it looks like it is going to bounce off. We expect further consolidation, meaning a price range between 1.07500 and 1.06500 . ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
7