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Eurusdanalysis

EURUSD possible reversal!!Currency Pair : EURUSD Possible direction : Short-term Bearish Technical Analysis : After strong bullish move EURUSD is currently forming a reversal to come for a deeper retracement to previous resistance turns support. As the price already reached important level of resistance without significant retracement, highly likely price will pullback to 1.0635 level where previous resistance turns support. Possible trade recommendation : Short-term bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Short
by ForexWizard01
BULLS ARE IN CONTROL OF EURUSD. 10TH JAN 2023Educational Analysis says EURUSD may go LONG according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why long? On the 1HR timeframe, the pair is already touched the golden zone and reacted from 1.04910, FIB 0.5 And another golden zone is getting ready at 1.06240, FIB 0.5 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS. ENTRY - 1.06240 STOP-LOSS - 1.05715 TAKE PROFIT - 1.10500 RISK TO REWARD RATIO IS 1:8.06
by VishalBudhrani
EURUSD: Bearish Reversal Idea, Seasonal AnalysisBearish Indications • Resistance Zone at 1.06428 • Seasonal Analysis show EXY remains Bearish in January 60% of times. • DXY is in a Bearish Trend on Weekly time-frame. • Gartley’s XABCD the point D indicates a reversal in the Zone of 1.06428 to 1.06605 • Monthly Seasonal analysis shows DXY remain Bullish in January 60%. • EXY remained Bullish in December 2022 which indicated to a point that seasonal are working so far. • Weekly Seasonal Analysis show EURUSD remain Bearish in 3rd Week of January • DXY is at a significant Support Zone 103.780 from where a bounce back is possible. • Slight Divergence spotted on ChandeMO Oscillator on EXY . Bullish Indications • 4hrs time-frame Higher Highs and Higher Lows formation. • 4hrs time-frame Three White Soldiers candle pattern. • Significant Support Zone at 1.06322 • EXY is in a Bullish Trend on Weekly Time frame. • Weekly Seasonal Analysis shows EURUSD remains Bullish in 2nd Week of January. • On Weekly timeframe DXY price action show an inverted hammer candle which indicates sellers are in control. • Traditionally EXY and DXY are negatively correlated. Biased : Short Trade PLAN (Short) Entry: 1.06556 (Fib Lvl 78.6%) TP: 1.05711 (Fib Lvl 38.2%) Stop Loss: 1.06881 ( Support area / Higher High/ Fib Lvl 88.6%) Risk/Reward: 1:2.39 N.B. Manage your Risk Accordingly.
Short
by adnanmagsi
Did EurUsd topped?EurUsd has started the year badly, with the first trading day of 2023 being a red one, but more importantly, marking the up break from last Friday as a false one. On 3rd January we have a new long red candle that also breaks under a small double top pattern and yesterday's candle, a new drop with the candle engulfing the 4th of January correction. The all, put together, could give us an idea that the 3 months correction is over and the most traded pair is ready to resume its long-term bearish trend. Short-term traders could focus on the 1.0580 zone resistance and target the 1.04 support and medium-term traders can aim for the 1.02 important one. Negation comes with a new high above 1.07. Anyway, as I said multiple times in my previous analysis, there si nothing fundamentally that supports higher prices for Eur above 1.08, and this year I expect a new visit under parity if not even a new low.
Short
by Mihai_Iacob
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