Eurusdidea
DeGRAM | EURUSD head and shouldersEURUSD bounced off the resistance level .
The price action tested the trendline and closed below it, creating a double top.
It failed to make a higher high, resulting in a potential Head&Shoulders pattern.
We anticipate restest the support level.
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EURUSD - Retracement expected Hello traders!
‼️ This is my analysis on EURUSD .
Based on daily perspective we can see that we are bullish, but for now I expected a retracement as price rejected from bearish orderblock + institutional big figure 1.06000.
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DeGRAM | EURUSD bearish pressureEURUSD is trading in an ascending channel.
The market is making shallow higher highs, indicating bearish pressure, and we might see some pullback.
Price was rejected by psychological level 1.06000, and it is likely to pull back or consolidate at that level.
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EurUsd remains very well supportedAfter the clear break above 1.0350 resistance and the confirmation of the break on Friday's NFP, EurUsd starts the week strong and we have a new local high at the time of writing at 1.0565.
Although in my opinion this is just a correction for the longer time frame, and in the short term I expect USD to continue its weakness and in EurUsd's case I expect an up continuation.
As I said before, the 1.08 zone could be the bull's target and as long as 1.0350 the bullish structure is clear and intact.
Buy dips should be the strategy
DeGRAM | EURUSD triple test of resistanceEURUSD market is testing the resistance and trendline (dynamic resistance) .
If price makes a false break at resistance following the triple test, then we can look for selling opportunities.
Price is likely to make another equal measured move.
We expect a short term price pullback.
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DeGRAM | EURUSD range breaking EURUSD is at the resistance level and price action is printing higher lows and equal highs.
The market is consolidating before expansion.
Price formed a triangle bullish pattern, implying that the bulls are putting pressure on the resistance level.
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EurUsd- Where to buy for HUGE R:R?In my video from two days ago, covering EurUsd, I said that dips around 1.03 should be bought, for a new test of resistance.
Indeed, after a short-lived spike in that zone, the pair reversed to the upside and tested resistance again.
Although at this moment it seems like the pair is in correction, the structure remains bullish and, as you can see from the posted chart, an ascending triangle seems to be forming.
The ascending trend-line for this triangle lies around 1.0350 and here we should look for buying opportunities.
Considering a stop loss under the recent spike low, such a trade can have more than 1:5 R: R
DeGRAM | EURUSD channel breakout EURUSD market broke out of the ascending channel .
Price action can not make a higher high and a higher close above the resistance level. Instead, price made a false break and fell.
Price likely to make another equal measured move and test the support level.
We expect a price pullback.
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Eur/Usd Analysis 29.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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DeGRAM | EURUSD pullback expectedEURUSD is at the resistance level and price action rejected the level twice.
The market is showing signs of consolation.
Price formed a pinbar candle on the daily timeframe , implying that the bear has taken control of the market.
We expect a pullback.
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EURUSD - Bullish continuation ✅Hello traders!
‼️ This is my analysis on EURUSD .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish orderblock + institutional big figure 1.02000 for an aggressive entry, but for a conservative one I will wait price to fill the imbalance lower and to reject from bullish orderblock around 1.00000.
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