EURUSD part 2 of falling!😉HI traders,
Well, the EURUSD is getting ready for the second part of the fall.
After breaking the resistance, I enter the sell trade with the first target of 0.9700 and the second target of 0.9600!
around 0.9800 is the resistance zone, and trade entry range too.
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✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
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✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis.
Thanks for your attention
Eurusdforecast
EurUsd- Where is the next obvious support?EurUsd is dropping like no tomorrow and, even I, who I'm strongly bearish this pair expected some kind of correction these days.
But, as always, markets are far from normal, and more often than not, overshooting.
With EurUsd making a new low for the past 20+ years we may ask ourselves, where this fall can stop?
Of course, anything can happen, but from o technical point of view, the 0.95 zone is the next obvious support.
I don't hold a trade on EurUsd at this moment, but 1.0050 is strong resistance at this moment and rallies should be sold if the pair tries to reach parity again (let's say above 0.99)
One thing is clear for me, anyway, buying into this fall is very risky, it can work, but is gambling, not trading.
EurUsd could break supportFor a week now, EurUsd is consolidating in a 100 pips range between 1.0050 and 0.9950.
Looking closely at price action we can see that rallies are sold and with the pair back near support we can have a break.
Such a break could lead to a new low and the measured target for this drop is around 0.9850.
EUR/USD :: In a few weeks .EUR/USD :::
1_ purple line:
A strong support that has been broken and has now become a strong resistance.
The probability of returning to this price is very high and the probability of breaking this resistance is very low.
2_ Orange channel:
A descending and valid channel that is currently moving downwards from its ceiling.
3_ The predicted movements are shown with red and green lines.
<<<< Thank you for your support >>>>
EURUSD forecast and signal!😊Hi traders,
After last week's decline, there is a possibility of hitting the resistance zone then formed last week for the second time.
And as we can see, in the long-term, daily, and 4-hour time frame, the Euro-Dollar ( EURUSD ) is still in the descending channel.
My suggestion, like my own trade, is to sell with 50 and 90 pips profit targets.
Good luck. 😊
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✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
------------------------------
✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis.
Thanks for your attention
EURUSD ShortTime Frame: 4H
Symbol: EURUSD
Entry: 0.99793
TP: 0.98345
SL: 1.00748
Bias: Short
The current price pattern of this instrument is displaying a short bias and the recent price fluctuations is more or less showing a bearish tendency and therefore we can anticipate a short opportunity set up.
EURUSD The Wyckoff (Accumulation SCHEMATIC 2 ) setup bullish EURUSD The Wyckoff (Accumulation SCHEMATIC 2 ) setup bullish #eurusd
not a financial advice
EURUSD| Whey So Many Trading Scenarios?EURUSD| Whey So Many Trading Scenarios?
Today we have to see many scenarios in EURUSD.
It's a bit of a confusing situation because we have the FOMC in three days.
However, this is not the whole problem.
EURUSD is again close to the Parity price level and this
is a critical point for the EURO.
As long as the price is testing 1.000 several times, we may see further declines and this will not be good for the EURO.
The bearish move will also be supported by the strong downtrend and FOMC expectations as well.
On the other hand, the market expects the FOMC to hike by 0.75% or 75 bps the interest rate, considering that the CPI numbers were reported higher than expected.
So we just have to wait and see what the Fed will decide to do. Does the FED want to have a strong dollar in the coming months?
In my opinion, it is better not to trade EURUSD at all given the mess this chart is already showing.
Too many scenarios are not a good idea to trade the market even with a solid plan.
However, this is just my opinion.
Thanks and good luck!
Will EURUSD Rally or Drop?Talking points
EURUSD may face range-bound conditions ahead of the Fed rate decision as market participants wait for the fresh forecast from Fed officials.
The price bullish closed in the bearish half a bat pattern after failing to trigger a bearish signal. According to IG, 60% of trader are net short.
Fundamental Forecast
EURUSD is in a consolidation that's clearing the opening range for September as it holds above the yearly low (0.9864). This pair has been falling as the economic growth outlook for the eurozone continues to deteriorate in the face of the Russian gas shutdown. Inflation has been rising across the region, while the European Central Bank has been slow off the mark to raise rates. Meanwhile, the US Federal Reserve has been raising interest rates quicker and more aggressively. Therefore, the direction of the euro could depend on whether the gap between economic growth and interest rates in the US and Europe continues to widen.
Technical Forecast
The last price closed in the bearish half a bat patterns 1st level after bouncing off the 2nd Daily Key Lvl to closing in between the short-term moving averages. If you look closely, you'll see a small bullish half a bat pattern (right on the left) that has its neckline form part of the Mini Daily Neckline 2. That is the first signal key level that will produce a bullish uptrend to the Daily Half a Bat Neckline 2 and 50 moving average after the price has bullish broke and retested it right away or after forming another bullish reversal pattern. When the price reaches the key levels and bullish breaks and retests them, that will trigger a signal that will fully confirm the monthly counter-trend. On the other hand, if the price bearish breaks and closes/retests below the 2nd Daily Key Lvl, we'll see a small bearish head and shoulder pattern forming in the main bearish half a bat pattern. The mini head and shoulder pattern will be confirm the half a bat pattern bearish signal and upcoming 2 level trend that will likely end on the monthly's target. Those are three possible scenarios that can lead to a rally or drop
Food For Thought
A crucial step to take in your journey to becoming a professional trader is discovering your beliefs about the market so that your system will fit those beliefs. You must know yourself well enough to develop your personal objectives and a system that fits those objectives. And you must work on your system until you are comfortable trading it. You must know your criteria for comfort. Most people have many biases against doing it well. To overcome those biases, most people need to take some steps in their personal development.
That's it for today, I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know your thoughts!
Stay Blessed,
Sphatrades.
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Be warned
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap.
EURUSD | Perspective for the new week | Follow-up detailsLooking at this pair from a long-term perspective, it is easy to say that the sellers are very strong but we can not give up on the bullish potential opportunity that might be evolving after witnessing the multiple rejections of the $0.99 area in the last 3 weeks to project a certain level of strength from the bulls to resist selling pressure from this zone. So, this video illustrates in detail how I intend to trade this pair in the coming week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURUSD sell the breakdown!!EURUSD (4H) has formed a strong bearish price action pattern with a series of lower highs on multiple tests of an important level of daily and 4H 20EMA. The current session price has broken out of the structure and it is a high probability that EURUSD will continue to drop.
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EurUsd- Best place to sell and join the strong bear moveA few days ago I've written that, in order to a deeper correction to 1.03 horizontal important resistance, EurUsd needs to maintain 1.01 intact.
The CPI data shattered this level of support and the single currency dropped again under parity.
After a local low at 0.9950, EurUsd is still struggling to regain this important figure, but, in my opinion, will fail.
That being said, a spike above parity should be considered a good opportunity to join the bears and the resistance band is between 1.0050 and 1.01.
Also, a sell around this zone can have a strong R: R of 1:3 considering a stop loss above the recent high and a take profit of 0.97.
Best Regards!
Mihai Iacob
EURUSD Breakout Soon?EURUSD is currently stock in between a range since the last CPI report and currently still trading below 1.0000. From here we could see a potential move to the downside to retest support and a move back up if support holds or we can see a continuation and a the creation of a new lower low from current price to untested levels of Sept 2002
EU is in the middle of a zone Where will EU go? Right now it was just in a downtrend so we see it is slowing up. Could it be going into a retest for Alil bit before going back into the downtrend? We will be watching this going into the London session at the end of NY. Comment below and let me know what you think this pair will go.