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Eurusdforecast

Long Term Bullish on EUThis is the Yearly chart and it carries so much weight. We can see price traded lower into a deep discount of the range and we were stuck in a range for 8 Years dating back to 2015. Looking more closely, this range where price has been trapped is a battle between the Imbalances (Grey zones). Discount Imbalance sends price into premium imbalance and also subtly creates a massive pool of sell-side liquidity below it and just above the most discount imbalance(purple zone). Premium Imbalance sending price back lower to run the stops below the most recent low and with the sell-side liquidity now paired with fresh institutional longs, I believe this could be the perfect storm needed to see higher prices on this instrument. As nothing is ever certain in these markets, I would need to see this year close as a Bullish Engulfing to confirm a Bullish Bias, and if at the end of this year, we close lower than last year's low, then my Bullish Bias would be simply put in the back seat. I hope you found this useful. Also, you can request insight on the instrument of your choosing and in my free time, I can take a look at it for you.
Long
by OlamideAjasa
1
EURUSD: Important Breakout & Technical Outlook 🇪🇺🇺🇸 EURUSD was unstoppable this week: the market formed a huge high momentum bullish candle on a weekly time frame, violating a major horizontal resistance. From the beginning of the year, the pair was forming a bullish accumulation pattern setting equal highs and higher lows. The violation of a resistance is a very important bullish signal. It will most likely push the prices much higher. Next goal - 1.145 The market is very overbought at the moment, so I would suggest buying after a pullback. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
11
EURUSD JUNE CANDLE OPENING PRICEEURUSD JUNE CANDLE OPENING PRICE Here's my view, the opening price of June candle gave confirmation to bulls stepping in. This month candle has high probability of going upwards 'bullish' so therefore we will be looking for more buy entry more than sell setups, this is for month of June. Fundamentally, FED might not have much effects because it's followed by ECB rate hike the next day. Another ECB RATE HIKE coming up on July due to inflation. I see more bulls stepping in. Pls kindly drop your views in the comment section
Long
by Lordval_Austine
3