DeGRAM | EURUSD trend continuation trade opportunityEURUSD broke and closed above a resistance level that became a support level.
Price made higher highs and higher closes, indicating a bullish trend.
The market created a kill zone for pullback trade opportunity.
We anticipate trend continuation from the kill zone: support, and the fibo level.
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Eurusdsignal
DeGRAM | EURUSD pullback tradeEURUSD broke and closed above the ascending channel.
Price made higher highs and higher closes, indicating a trend shift.
The market created a zone for buying opportunities.
We anticipate a buy opportunity if price pulls back to the kill zone: support, and the fibo level.
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EURUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 higher highs and higher closesEURUSD market broke the descending channel and created an ascending channel.
Price making higher high and higher close. On the higher timeframe, the market bounced off the support.
We expect a bullish move.
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DeGRAM | EURUSD trend continuation opportunityEURUSD rebounded from the support level by breaking previous highs.
It is most likely that the market will make a new high.
Price broke and closed above, which created an opportunity to go long.
We expect a breakout pullback and continuation trade.
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EurUsd- Stable above support. 1.0850 next?After the recent 1.0650 low, EurUsd has started to rise in a pretty constructive manner.
1.0750 zone support held very well in the past few days and as long as this level is intact we could expect continuation to the upside.
1.0850 is the next level of resistance and cond represent also short term trader's target
eurusd short setupseurusd have reached to a good demand zone, the first entrance is approved and now since we have a good eng to a fl, the price have approved the QM setup (the second entrance zone on LS-FL).
⚠️ Notice:
I will enter one third of my position on 70/30% of the box and the rest of it in the middle (50%) of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
DeGRAM | EURUSD trend shiftEURUSD made a higher high and a higher close. The market is moving to the supply zone.
Price made a momentum move at support level, which pullback gives opportunity to take a trade.
We anticipate a third test of the support and a bullish move.
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DeGRAM | EURUSD false break of major support levelEURUSD bounced off the major support level and made a false break, which means this level is important for market participants.
Price tested the level where price made a rejection and gained bullish momentum, making higher high and higher close.
The market is likely to create a heads and shoulders.
We anticipate a bullish move from the support.
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DeGRAM | EURUSD ascending channel in a consolidation zoneEURUSD made higher highs and higher lows. It is trading in the ascending channel.
The market is still consolidating on the higher chart.
Price is near the confluence level: support, fibo level, and pinbar.
We expect a retest on the channel border.
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DeGRAM | EURUSD consolidation continuesEURUSD market, as you see, is consolidating and bouncing between support and resistance on the 1H chart.
Notice that the price can not go further up or down from the psychological level of 1.07000. It is moving around this level.
We expect a bullish move since the market double bottomed.
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DeGRAM | EURUSD bears are still in controlEURUSD is still in a bearish trend on the 4H chart.
The market made a lower low and then a higher high, which means a consolidation.
On the weekly chart, we have a doji bar. If price action makes a false break at the high or low of the bar, it will create a new trend.
If the resistance holds, the market may continue moving sideways.
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DeGRAM | EURUSD bullish opportunity EURUSD made a false break of the support level.
Price created an inverse head and shoulders that usually leads to bullish moves.
We anticipate a double bottom at the support level as an entry signal.
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EURUSD ____ INCOMING BULLISH MOVEHello Traders,
I just made an analysis on the dollar index and if you follow me, you will know I trade the USD pairs based on my analysis of the dollar index. Since I expect more bearish movement of the dollar, I am bullish on the EURUSD short-term.
Follow for more updates.
See my dollar index analysis.
Cheers,
David
DeGRAM | EURUSD inverse head and shouldersEURUSD broke and closed above the descending channel.
Price made higher highs and higher closes, indicating a trend shift.
The market created an inverse head-and-shoulder pattern.
We anticipate a buy opportunity if price pulls back to the kill zone: support, and the fibo level.
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A very important resistance for EurUsdTwo days ago I've written that EurUsd could be ready to reverse to the upside, but for confirmation, we need a break of 1.0750 zone resistance.
The pair took a dive under 1.07 at first, but this proved to be a false break and now is trading again in this important level o resistance.
The recent rally from around 1.0630 is very strong and indicates a bottom is probably in place and more gains could follow.
1.07 zone is again support so, in my opinion, dips towards this level should be bought.
1.0850 is the first resistance and could be the target for buy trades.
DeGRAM | EURUSD possible short tradeEURUSD is gravitating towards the 1.06000 psychological level by making lower lows and lower closes.
The market created a structure - resistance for selling where there is resistance and fibo levels.
If the resistance holds, the market may continue trending and test the support.
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EURUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 short opportunityEURUSD broke and closed below the psychological level at 1.07000.
The market created a structure of resistance for shorting opportunities.
The resistance level was tested three times, which is significant.
Breakout of the level, pullback, then trend continuation.
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A key reversal on EUR/USD just formed at a major support clusterA bullish engulfing candle has formed on the EUR/USD daily chart, which could carry some weight given the technical levels of support it sits upon.
Despite an intraday break below 1.0700, the market rebounded and closed back above this big round number. The 200-day EMA also provided support following an intraday false break beneath it, and it is worth mentioning that the 200-day EMA provided support on three occasions between the end of February and beginning of March before a strong rally formed.
The RSI (14) dipped to its lowest level since September 2022. Whilst it is not within the classic oversold level of 30, it now sits at a similar level to the RSI low in February which preceded the March Rally.
Furthermore, yesterday’s low held above the March VPOC (volume point of control), which is the most traded level by volume (or ticks, in the case of spot forex). Whilst many would prefer real ‘exchange’ volume, I regularly use the ICE feed as it is an amalgamation of FX feeds and their respective liquidity providers, and I generally find their tick volumes to be quite reliable.
And finally, the decline form the May high has been in a relatively straight line which almost begs for correction higher.
So it appears we are at or very near to an inflection point on EUR/USD, and a move to 1.0800 seems achievable given the depth of its decline from the May high. Of course, incoming data is key so we will keep an eye on employment data for the US this week (ADP, JOLTS, layoffs, jobless claims) and to see if the jobs market shows further signs of softening ahead of Friday's NFP report, as that could reduce bets of a June Fed hike and support EUR/USD.