EUR/USD: The upward momentum will be exhausted, beware of traps!Following the sharp rise in EUR/USD on Wednesday, EUR/USD turned down on Thursday and took back all the gains of the previous day.However, there was a rebound during Friday time, but the currency pair rebounded on Friday and broke through 1.0600. The trend of the euro reflects that the market situation is still relatively tangled at this stage.
On Wednesday, EUR/USD rebounded to the 20-day line (SMA) at 1.06844 and fell back in resistance.After falling below the 20-day line on February 2, it did not break through the 20-day line several times during the rebound, proving that there is still a lot of pressure on the market here. The technical indicators of the daily chart are slightly biased to the downside, and there is no clear direction for the time being. The failure to break through 1.0700 indicates that EUR/USD may continue to consolidate around 1.0600.
The trend of the 4-hour chart shows that EUR/USD is currently slightly higher than the downward channel since the beginning of February. There is no clear breakthrough signal for the time being. EUR/USD maintains a slight downward tendency. If it returns to the downward channel, the bears may take action, causing EUR/USD to fall to 1.0560 (the midpoint of the downward channel), but as long as EUR/USD remains above 1.0560, the bearish momentum is still limited, and once the exchange rate stabilizes above this position, the euro may point to 1.0650/60.
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Eurusddaily
EUR/USD: High position short
Today's impressive PMI data released by the Chinese government has led to a significant influx of funds into the renminbi in the international market, causing the US dollar index to suddenly fall. This is clearly a short-term impact and will not fundamentally change the overall situation. Therefore, after the abnormal market volatility dissipates, the market will return to its original rhythm.
As for the operation of the US dollar index, the short-term level is still judged as looking for opportunities to buy on dips. Correspondingly, for the EUR/USD currency pair, it is recommended to short at the high point and combined with
market analysis, the following suggestion is given:
Short position recommended in the range of 1.0640-1.0660, with targets at 1.0620, 1.0600 and 1.0580.
FX:EURUSD TVC:DXY FX:AUDUSD FX:USDJPY
EURUSD: Why I Expect 10% INCREASEHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
If you're interested in the EURUSD Forex market, this update is for you. There's an interesting pattern playing out for possibly the third time on the 3D chart. When using the Moving Averages together with trend line analysis and support zone / resistance zone analysis, it seems most reasonable to expect and increase from this point above the 200 day Moving Average, which is the purple line.
HOWEVER- if the price fails to capture the 200d MA again and falls under the orange (100d MA), this pattern would not hold true.
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EURUSD WILL FALL BACK TO 1.050 THIS WEEKTHE EURUSD may make a correction up to the area around 1.060 or even a little bit above that. but the overall trend is down so the price will fall this week to the price area around 1.050 or even lower!
that's what I believe! what about you guys? what do you think ??
do you agree or not ??
EURUSD - Daily Trade Idea - 13-Feb-23EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD - Daily Trade Idea - 10-Feb-22EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD - Daily Trade Idea - 9-Feb-23EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD Analysis + Recent Volatility EXPLAINED (Description) I have a Bearish Bias on this Pair. Trading Structure and momentum on this Channel.
Check first Chart in Description to See what I'm looking at.
Also, Included in the Description are two charts from Days Feb 1st ( Interest Rated Decision)
and Feb 7th ( Fed Powell Speech )
These Charts , when compared and contrasted , are not much different. Actually they are quite the same.
After news create initial volatility, Price is corrected nearly to the same price in which it begun shortly after, it may take 1-2 trading sessions or
it could take only 1-2 hours. All relative.
EURUSD - Daily Trade Idea - 8-Feb-23EURUSD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD - Daily Trade Idea - 7-Feb-23EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
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EURUSD - Daily Trade Idea - 6-Feb-23EURUSD (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD - Daily Trade Idea - 2-Feb-23EURUSD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD - Daily Trade Idea - 1-Feb-23EURUSD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. This time after the FOMC, the dollar became even more WEAK. Due to MARKET RISK ON, all MARKETS including STOCKS and COMMODITIES are going up a bit now. Stay tuned for FED UPDATES and US DATA.
- Definitely, according to the market structure, EURUSD can go down to the support level of 1.0763 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR.
- After that EURUSD can go UP until 1.1200 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
EURUSD - Daily Trade Idea - 25-Jan-23EURUSD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. This time after the FOMC, the dollar became even more WEAK. Due to MARKET RISK ON, all MARKETS including STOCKS and COMMODITIES are going up a bit now. Stay tuned for FED UPDATES and US DATA.
- Definitely, according to the market structure, EURUSD can go down to the support level of 1.0860 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR.
- After that, EURUSD can go up to 1.2000 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
EURUSD - Daily Trade Idea - 23-Jan-23EURUSD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
EURUSD - Daily Trade Idea - 20-Jan-23EURUSD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.