DeGRAM | EURUSD consolidation continuesEURUSD is consolidating. Most likely, it is going to do so for the next couple of weeks.
The market is trading in an ascending channel.
If price action rejects the resistance level of consolidation, we can look for a potential sell trade.
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Eurusdsignal
DeGRAM | EURUSD in consolidation EURUSD is moving sideways at the resistance level.
Price action is printing equal highs and lows, indicating a consolidation .
The market is coiling up before expansion.
We expect further consolidation until a new trend is confirmed.
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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 1.0501 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
EURUSD | Perspective for the new week The ECB hiked interest rates on Thursday, following the lead of the U.S. Federal Reserve, and pointed to more tightening to come as increased fears of a potential global recession linger. In this video, we looked at the chart from a technical standpoint and we noticed that resumed selling pressure below the $1.07000 level since the beginning of this month could trigger a sell-off below the $1.06000 level in the coming week(s). However, we will not ignore the possibilities of a bullish momentum if buy pressure accumulates above the $1.06000 level to respect the bullish trendline.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EUR/USD: ascending triangle patternHello guys.
How it's going today?
EUR vs USD created ascending triangle pattern in H1 timeframe. But we need compare it with the bigger timeframes also. In H4, EURUSD wanna break trendline and want to go downside. In Daily timeframe, it show us strong level between 1.0636 and 1.0776.
Now, what will think for further analysis? Let's research now.
Strong pattern is ascending triangle. It supports by breaking trend line in H4 also. This situation is a simple reminder for jumping up. But we should remember that EURUSD is high volatile pair and any fundamental or technical news can affect it positively or negatively.
In my opinion:
EURUSD will break trendline in H4, follow strong barrier in Daily timeframe. We can put:
SELL LIMIT at 1.0733
TARGET 1.0405
STOP LOSS 1.0805
or
SELL STOP at 1.0560
TARGET 1.0405
STOP LOSS 1.0743
These are only forecast. Do not forget to use SL in own trading. Trading without stop loss and bigger lots can cause heavy losses.
Good luck!
DeGRAM | EURUSD range breakoutEURUSD is trading in an ascending channel . It has reached a psychological level of 1.06000.
The market is making shallow higher highs with divergence, indicating a sideways move.
Price has been consolidating at the support level .
We might see some bullish moves within the global bullish trend .
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"EUR/USD: Upward Move Supported by Multiple Factors"The EUR/USD currency pair has been experiencing a downward trend over the past couple days, with a downward trendline forming around the 1.05800 level. However, it appears that the market has recently broken this trendline and retested it around the 1.06000 area, indicating a potential shift in the trend. The break and retest of the trendline at this level can also be seen as a form of support, as it suggests that the market is finding buying interest at this level.
Additionally, the dollar seems to be experiencing some weakness at the moment, which may be contributing to an upward move for the EUR/USD pair. Pivot analysis using Fibonacci levels also supports this possibility, with the weekly pivot at the 1.06100 area and resistance at the 1.07500 level.
It is worth considering, however, that the market is highly unpredictable and past performance is not necessarily indicative of future results. While it is possible that the current upward move may be the last push up before the market begins to move downward again, it is important to carefully analyze all available information and consider all potential outcomes before making any investment decisions.
DeGRAM | EURUSD level breaking EURUSD is consolidating near the support level and preparing to break the level.
The markets created a massive false break, meaning that bulls were pushed back.
Price is coiling up before breaking out of support.
We expect a sharp bearish move.
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EurUsd- Are bulls done?Since the end of September, EurUsd has had quite a run, with the price rising more than 1000 pips from the bottom to the top.
However, as I said multiple times these past weeks, this is just a correction, and with the price reaching the important 1.07-1.08 resistance, swing traders should look to sell and build USD long position.
Last week's high was reversed quickly leaving a strong bearish engulfing on our daily chart and this can very well mark the top.
Also, yesterday and Friday, bulls couldn't recover and looks pretty clear that rallies are sold.
The first target for a drop is 1.03 and, as long as 1.0750 is intact, rallies should be sold.
DeGRAM | EURUSD consolidation continuesEURUSD is consolidating following a massive bearish move.
When the markets make a significant move, the price tends to consolidate.
Price broke out of the ascending channel. Price is indicating a possible H&S pattern.
We expect a consolidation until the price shows a new trend.
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