EurUsd- To finally break under supportAfter a new test of 1.0360 support in Mid June, EurUsd bounced back, just to find strong resistance and selling pressure at 1.06 resistance.
Now the pair is again sitting above support and a break to this looks imminent.
Both the long-term trend and the structure since May are bearish and my strategy is to sell rallies towards 1.05.
A daily close above 1.0650 would negate this scenario and for target, bears can look at parity.
Eurusdforecast
DeGRAM | EURUSD consolidation continuesEURUSD is consolidating at major structure support.
We assume that price action will consolidate until we see a break of major support and resistance levels.
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EURUSD AnalysisGood Morning Traders,
Hope you had an amazing weekend.
Above is our EURUSD Analysis:
HTF- EURUSD is visibly bearish; we are expecting one more leg to the downside where the EUR and the USD would be par at 1.000 for the first time since +20 years .
LTF- we do see a potential long opportunity from current price to 1.7000-1.8000 where we would subsequently take a short from there if opportunity arises.
Let us know if you have any questions or if you share the same analysis.
Your feedback means a lot to us.
Let us make the most out of this week.
God Bless,
ETGL TEAM 💛
EURUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 near the supportEURUSD broke and closed below the support level of 1.0500.
The next level is the major support zone 1.03800 - 1.03600.
Price action is gravitating towards the lower prices.
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⁉️ EURUSD - Market Analysis Hello traders!
⁉️This is my analysis on EURUSD .
Here we are in a bearish market structure, so I am looking only for shorts. I have 2 points of interest, first one if the price fill the imbalance and rejects from bearish orderblock + institutional figure 1.05000 and the second one if the price fill the imbalance above and rejects from bearish orderblock around price level 1.05700.
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EURUSD | Perspective for the new weekEven as the possibility of the EURUSD dipping to previous low hovers in the air considering the obvious signs of economic slowdown which exacerbate recession-related fears, I am of the opinion that a breakout/retest of the key level at $1.06000 could incite a bullish momentum in the nearest future to surprise the majority.
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EURUSD: King Dollar reigns supreme!EURUSD
Intraday - We look to Sell at 1.0528 (stop at 1.0564)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. Rallies should be capped by yesterday's high. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0530, resulting in improved risk/reward. Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 1.0447 and 1.0420
Resistance: 1.0570 / 1.0780 / 1.1100
Support: 1.0480 / 1.0350 / 1.0200
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EURUSD Short Set-Up on 4 Hour TimeframeWe are trading on the range. We see that we hit the top of the ascending triangle.
DMI still looks bullish but when the +DI and the ADX crosses. This will confirm the short opportunity. This will happen most likely on London or New York Session.
I think we will hit the bottom of the ascending triangle and we can break the support.