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Ellison EUR/USD Morning analysis 12/06Continuing on from last week I am maintaining the forecast of buys from 1.076 and 1.079, expecting the temporary pullback phase on EU to continue a little higher. With sells expected at 1.084 or below 1.07. The theme of last week was watching Dollar start to show some exhaustion at key price sensitivity area of 104.5. On the higher timeframe, the DXY is on a more bullish bias, but secondary phase pullbacks/corrections are not out of the ordinary. We already had a very nice bullish rally on DXY from 101 price to break above a 30-day range and print higher highs on the intraday and extending 3.5% to 104.5. Last week US economic data was not as optimistic as expected, showing signs of a weakening US economy and feeling the pressure of a higher interest rate environment, coupled with macro inflation being elevated too. This all translates to a temporary pullback structure on the EUR/USD pair. Notable news this week: Tuesday - US CPI Wednesday - US PPI, FOMC interest rate decision Thursday - ECB interest rate decision, US jobless claims
Long
by EllisonCapital
EURUSD TRADING LEVELSHi Traders! Please see our calculated Vector levels to watch out for this week on the EURUSD 1D chart: VECTOR RESISTANCE 1 - 1.08047 VECTOR RESISTANCE 2 - 1.09298 VECTOR SUPPORT 1 - 1.06352 VECTOR SUPPORT 2 - 1.05161 We currently have a support bounce after hitting the 78.6 Fibonacci (marked 'C' on the chart) retracement level (which also lines up with our Vector 1 support) from the 'A' to 'B' swing (also drawn on the chart). Resistance was found near our Vector resistance 1 at 1.08047, so now we wait to see if we retest the 78.6% Fibonacci level/Vector support 1 for a possible push further down to Vector support 2 at 1.05161, or if we retest Vector resistance 1 again to see if there is potential for a push towards the Vector resistance 2 at 1.09298. We will notify you of any progress as soon as possible when we see any key market updates. Please do not forget to like, comment and follow. Thank you for your support. BluetonaFX
by BluetonaFX
2
EURUSD Long Term Selling Idea Hello Traders In This Chart EURUSD HOURLY Forex Forecast By World of Forex today GBPCAD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Long
by forexplanet797
EURUSD CHART BREAKDOWNHi Traders! We are still in a bear trend on EURUSD. You can see this in the price action with lower highs, lower lows and support pivot breaks. The first support pivot level of 1.09084 was broken after a triangle break, the second support pivot level of 1.08310 was broken with momentum after a retest of the first pivot level of 1.09084. We are now looking for a possible retest of the 1.08310 pivot level as resistance. If there is a break and close above 1.08310, then there may be a possible reversal to the trend. However, if we do not get this, we will continue down to target the next pivot level at 1.07130. Please do not forget to like, comment and follow, we would love to hear your thoughts! Thank you for your support. BluetonaFX
by BluetonaFX
2
BluetonaFX - EURUSD Trade IdeaHi Traders! Please see the updated chart for EURUSD. We have a possible reversal to the bearish price channel. We have the first resistance around the 1.09082 level, which is the April 17th 2023 low that we broke as Support. If we retrace from 1.09082 instantly, we are likely to target the support level of 1.08313, which is the low for April 10th 2023. If we break and close above 1.09082, the next key resistance level is 1.09433. We are currently above the 50 Moving Average. However, this is slowly looking to turn. This also supports the possibility of a reversal to the bearish momentum. Please do not forget to like, comment and follow. We appreciate your support. BluetonaFX
by BluetonaFX