Get started

Eurusdshorts

EURUSD 4H : lost his positive resolveEURUSD New forecast The price perfectly fulfills my last idea and price reached to our bullish target +25 pip . The euro/dollar pair traded positively yesterday, reaching the level of 1.0562, and we notice that the price has clearly lost its positive momentum, and is facing good resistance formed by the 50 moving average at the aforementioned level, which makes us likely to witness a bearish rebound during the coming sessions, heading towards achieving negative goals that begin At 1.0500 and extending to 1.0462. Therefore, a bearish bias will be likely for today, relying on trading within the main bearish channel that appears on the chart, keeping in mind that breaching 1.0562 will stop the expected decline and lead the price to begin a correction. The expect range trading for today it will be between the resistance line 1.0562 and support line 1.0496. Additionally ,Today News will affect the market . resistance line : 1.0550 , 1.0588 support line : 1.0496, 1.0462 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
EurUSD short Swing Idea (updated)Key Resistance Level: This zone marked on chart historically acted as a significant resistance level in the EUR/USD pair. While the overall trend might be upwards, targeting a reversal from this resistance level can be a viable strategy. Price action near this level could trigger a bearish reversal or increased selling pressure. Overbought Conditions: Assessing the overbought conditions on technical indicators like the Relative Strength Index (RSI) can provide insights into potential reversals. If the RSI is in overbought territory (above 70), it suggests that the market may be due for a correction or reversal. Bearish Candlestick Patterns: Monitoring bearish candlestick patterns, such as shooting stars, bearish engulfing patterns, or evening stars, can provide additional confirmation of a potential reversal. These patterns indicate that selling pressure is increasing and a reversal could be imminent. Fibonacci Retracement: 61.8% Fibonacci levels often act as resistance during reversals and may present opportunities for short positions. Fundamental Analysis: Economic Data: Keeping an eye on economic data releases from both the Eurozone and the United States is essential. Positive economic indicators from the United States, such as strong GDP growth or better-than-expected employment figures, could strengthen the US dollar and potentially trigger a reversal in the EUR/USD pair. Central Bank Policy: Monitoring statements or actions by the European Central Bank (ECB) and the Federal Reserve (Fed) is crucial. Any indications of a shift towards tighter monetary policy by the Fed or looser policy by the ECB could influence market sentiment and potentially contribute to a reversal in the EUR/USD pair. Sentiment and Risk Appetite: Market sentiment and risk appetite play a significant role in currency movements. Any changes in global risk sentiment, driven by factors like geopolitical tensions or economic uncertainties, could lead to a shift towards safe-haven currencies such as the US dollar, potentially favoring a reversal in the EUR/USD pair. Conclusion: While the overall trend of the EUR/USD pair might be upwards, a short position from 1.12747 to 1.13420 can be considered as a potential reversal opportunity. Monitoring key resistance levels, overbought conditions, bearish candlestick patterns, and employing Fibonacci retracement levels can help identify potential entry points for a short position. Additionally, keeping an eye on economic data, central bank policies, and market sentiment is crucial for assessing the probability of a reversal. Remember to manage risk effectively and adjust your strategy if market conditions change.
Short
by realtrademaster