Eurusdsignal
DeGRAM | EURUSD possible long tradeEURUSD broke and closed below the support level that became a resistance .
The market is testing a major support level at 1.05000, which is a psychological level.
Price action is approaching the confluence level: support + trendline (dynamic support) + psychological level of 1.05000.
We anticipate a short-term pullback.
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Did EurUsd topped?EurUsd has started the year badly, with the first trading day of 2023 being a red one, but more importantly, marking the up break from last Friday as a false one.
On 3rd January we have a new long red candle that also breaks under a small double top pattern and yesterday's candle, a new drop with the candle engulfing the 4th of January correction.
The all, put together, could give us an idea that the 3 months correction is over and the most traded pair is ready to resume its long-term bearish trend.
Short-term traders could focus on the 1.0580 zone resistance and target the 1.04 support and medium-term traders can aim for the 1.02 important one.
Negation comes with a new high above 1.07.
Anyway, as I said multiple times in my previous analysis, there si nothing fundamentally that supports higher prices for Eur above 1.08, and this year I expect a new visit under parity if not even a new low.
EURUSD may drop to monthly supportCurrency Pair : EURUSD
Possible direction : Bearish
Technical Analysis : Price has broken out of daily support and showing strong bearing momentum on daily and 4h. Current session candle has a very weaker response from the buyers.
Fundamental : Positive ADP Non Farm Employment change data has given a strong boost on USD
Possible trade recommendation : Bearish as per chart
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EURUSD 4H: 05/01/2023: Is more fall on the way?
As you can see, the price break an important level and now we should wait for confirmation to see if the price can have a more fall or not.
My expectation for a bearish market is, price move up to 1.058 and then fall.
💡Wait for the update!
🗓️05/01/2023
🔎 DYOR
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EUR/USD :: Heavy Resistance .EUR/USD :::
The price has tried several times to break this long-term resistance, but so far it has not succeeded .
The price is moving in a downward channel and this increases the probability of a fall .
The probability of the channel breaking is low, but if it breaks, we will see a big price increase .
Good luck .
DeGRAM | EURUSD back to consolidation zoneEURUSD is consolidating in the middle of the consolidation zone, which usually acts as support and resistance levels.
The markets created a massive red candle, meaning that bulls were pushed back.
Price is coiling up before breaking out.
We expect a sharp bearish move and AB=CD pattern.
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EURUSD is set to rise!EURUSD has formed a strong bullish price action on the lower timeframe after grabbing liquidity from the weekly doji/liquidity zone. From multiple timeframe perspective, All four timeframes, monthly, weekly, daily and 4h is aligning with bullish price action. Upon closing of this candle, a buy trade is high probable.
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK.
But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation may change in the future. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So keep an eye on FED UPDATES and US DATA.
- Definitely, according to the market structure, EURUSD can go down to the support level of 1.0418 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. After that, EURUSD can go up to 1.1000 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it.
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.
EURUSD 4hr Short | Algorithm TradingEURUSD 4hr short
⚠️ USD NFP on the 6th, half risk.
Shortstop @ 1.05571
TP #1 @ 1.05093 74.51% wr
TP #2 @ 1.04608 60.78% wr
SL @ swing high 1.07136 15.69% hr
WR and HR determined by past trades made on this timeframe on this pair
more trades like this on Bifrost trades and on my page.
EURUSD 4H: 29/12/2022: Short opportunity
As you can see, price is on a trading range for a week and has a strong support on 1.055.
This analysis is base on breaking the support.
Now we can define our expectation:
potential sell zone:
1.0685 to 1.071
Targets:
1.055
1.036
1.022
💡Wait for update!
🗓️29/12/2022
🔎 DYOR
💌It is my honor to share your comments with me💌
DeGRAM | EURUSD range breaking EURUSD pulled back to the consolidation zone. Consolidation zones typically act as both support and resistance.
The market is testing the psychological level of 1.6200 and is in the middle of consolidation.
We expect a retest of the resistance level .
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EurUsd could rise to 1.08Since the end of September last year, EurUsd has started to rise and managed to recover more than 1000 pips from its 2022 losses.
Although in long term I believe that the bearish trend will resume, in the short term more gains could happen.
In the second half of December EurUsd consolidated in a range with a break above the upper boundary of this range on the final trading day of the year.
Considering the short term trend is still up we can see a continuation and the pair could reach the very important 1.08 zone.
However, keep in mind that nothing changed from a fundamental perspective and we are, in fact, at the end of this correction and EurUsd could resume its fall very abruptly.
DeGRAM | EURUSD test of consolidation EURUSD rebounded from the support level and lower border of the channel, which act as dynamic support.
Price pulled back to the consolidation zone.
The market is trading above the psychological level of 1.6800 and consolidation.
We expect a retest of the resistance level.
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DeGRAM | EURUSD false breakEURUSD is consolidating following the channel breakout.
Price action double-topped before rebounding off the resistance level, then it created a false break that means bulls did not have enough strength to hold the price above the level.
The market is coiling up before expansion, so we expect further consolidation until a new trend is confirmed.
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DeGRAM | EURUSD buy opportunityEURUSD is consolidating in the ascending channel. Probably, it is going to do so for the next couple of weeks.
The market is pulling back to support and dynamic support, which is the channel's lower border.
If price action rejects the level of consolidation, we can look for a potential buy trade.
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DeGRAM | EURUSD sideways moveEURUSD is consolidating at the resistance level .
Price action double-topped before rebounding off the resistance level, bulls don't have enough strength for breakout
The market is coiling up before expansion, so we expect further consolidation until a new trend is confirmed.
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EurUsd- Where to sell for HUGE profit?Since the end of October, EurUsd has risen a lot, with the pair gaining more than 1000 pips from the bottom to the top. Also, since the recent high, the pair slightly corrected and now is trading in a narrow range with a bullish tendency. Although technically a new high is not out of the question, traders should be aware that this is just a correction to the longer-term trend and fundamentally nothing changed to sustain further gains.
Also, looking at a weekly chart we can see that EurUsd is testing a very important old support zone (now resistance) and there is a very high chance for a reversal from this zone.
In conclusion, rallies in this zone should be sold and a reward for such a trade could be fabulos in medium term if we target parity zone