EURUSD with WillsonnnnHello guys, a good day!
Intraday bias in EUR/USD stays neutral at this point. On the downside, break of 1.0655 minor support, and sustained trading below 55 4H EMA (now at 1.0664), will argue that the rebound from 1.0447 has completed with three waves up to 1.0755. That came after rejection by 1.0764 cluster resistance (38.2% retracement of 1.1274 to 1.0447 at 1.0763). In this case, intraday bias will be turned back to the downside for 1.0447/0515 support zone. Nevertheless, strong bounce from current level, followed by decisive break of 1.0764, will bring stronger rally to 61.8% retracement at 1.0958 next.
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EURUSD with WillsonnnnEUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can influence the EUR/USD forecast and stay up to date with the latest EUR/USD news and analysis articles.
EURUSD → Next on the downside appears 1.0640FX:EURUSD trades in an inconclusive fashion below the 1.0700 mark at the beginning of the week.
If bears regain the initiative, they could initially drag the pair to the interim 55-day SMA, today at 1.0639. The loss of this region could open the door to a probable visit to the weekly low of 1.0495 (October 13) ahead of the 2023 bottom of 1.0448 (October 3).
In the meantime, while below the 200-day SMA at 1.0800, the pair’s outlook should remain negative.
EURUSD 4H losing momentumThe EUR/USD pair is currently testing the pivotal resistance 1.0695, and is still holding below it, coinciding with the Stochastic indicator reaching overbought areas, awaiting the resumption of the expected bearish trend for today, whose targets start at 1.0665 and extend to 1.0630 as the next stop after breaking the previous level. Remembering the importance of stability below 1.0695 for the expected decline to continue.
Pivot Price: 1.0695
Resistance prices: 1.0706 & 1.0731 & 1.0748
Support prices: 1.0665 & 1.0630 & 1.0599
The general trend expected for today: bearish
💡 EURUSD: Any opportunities for SellSellers in the EURUSD market have not managed to breach the 1.065 support level, indicating that the upward momentum could be a sign of a reversal, and there's a possibility of a return to a bullish structure. If you currently hold a buying position, you may consider maintaining it. Additionally, it might be worth contemplating adding to your position if the price surpasses the 1.0720 resistance level.
EURUSD 4H : Support further decline EURUSD
New forecast
The euro/dollar pair rose during the day to reach support at the 1.0700 level, showing some slight upward bias, waiting to encourage the price to resume negative trading and test the 1.0661 level initially, remembering that breaking this level will push the price to achieve negative targets starting at 1.0632 and extending to 1.0612. .
Therefore, the downward trend will remain effective, keeping in mind that breaching 1.0718 will lead the price to achieve additional gains before any new attempt to decline.
The expect range trading for today it will be between the resistance line 1.0718 and support line 1.0661.
Additionally ,Today News will affect the market .
resistance line : 1.0700 , 1.0718
support line : 1.0686 , 1.0661
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EURUSD-bearish outlook in daily chart EURUSD has started this month with positive pips because of the relative weakness of US dollar , historically November and December was bearish for the dollar. As comparing with euro dollar is performing well. EURUSD is struggling to get bullish momentum after breaking up the upper side of the trend line briefly reached 1.07500 and currently trading around 1.06880. Technically both 100,200 EMA making golden cross. Ichimoku cloud is still red and the price line is within the cloud. The downside target will be 1.05850.
EURUSD ANALYSIS AS PER WAVE THEORY AND DEMAND SUPPLY
We have a Wave 1 complete and Wave 2 is in formation as it's a retracement in Lower Degree.
6 Months Source Supply to Annual Destination Demand is the start and end points of the downtrend.
Monthly Supply to short till the Annual Demand.
ENJOY THE RIDE ! ! !
EURUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURUSD
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EURUSD → Next on the upside comes at 1.0756FX:EURUSD prints humble gains in the 1.0670/80 band at the end of the week.
In case the upward bias picks up extra pace, there is an initial barrier at the round level of 1.0700 ahead of the monthly top of 1.0756 (November 6).
In the meantime, while below the 200-day SMA at 1.0801, the pair’s outlook should remain negative.
EURUSD 4H : Waiting for stable under 1.0661EURUSD
New forecast
The Euro/Dollar pair is trading negatively, holding below it the resistance at 1.0686 to suggest a bearish trend during the coming period, and the goals begin with breaking 1.0661 and holding below it to open the way for a push towards the areas of 1.0612 and then 1.0582 as the next main stations.
Therefore, the downtrend scenario will be remain valid and effective , taking into account that failure to break 1.0661 will stop the negative scenario and lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.0718 and support line 1.0661.
resistance line : 1.0700 , 1.0718
support line : 1.0661, 1.0632
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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.