Eurusdtrade
EURUSD THEORY : BIG SHORT (W.B.: 24/03/25)Price has confirmed the change - not a strong confirmation but one nonetheless. For that reason, wait for price to retrace back into one of the drawn up POIs in order to decide where to sell from - If I get further signals that a sell will occur.
It should sell all the way to the bottom..
Next week should be interesting
N.B.: This is not financial advice. Trade safely and with caution.
EURUSD Analysis todayHello 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.
EUR USD Sell Continuation Setup EUR USD has formed a bearish break and retest pattern that also align with the 0.618 - 0.50 Fib Retracement level signaling a continuation of a downtrend.
EUR USD for sell ?
EURUSD Bulls Eyeing FOMC–Will Powell’s Dovish Tone Fuel a Rally?As we approach the much-anticipated FOMC rate decision and Powell’s press conference , market sentiment is shifting, and EURUSD ( FX:EURUSD ) traders are closely watching for clues on the Federal Reserve’s next move . With recent economic data pointing to signs of slowing growth and cooling inflation, the Fed might adopt a more dovish tone , fueling further upside for EURUSD .
Key Factors Driving the Bullish Outlook :
Inflation & Economic Data : CPI and PPI data indicate a gradual cooling of inflation, which strengthens the case for a potential rate cut later this year. If Powell acknowledges this shift, it could weigh on the dollar.
Market Pricing of Rate Cuts : Investors are already pricing in multiple Fed rate cuts for 2024. A dovish Powell could accelerate these expectations, weakening USD and pushing the EURUSD higher.
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Now let's take a look at the EURUSD chart on the 2-hour time frame .
EURUSD is moving near the Resistance zone($1.0983-$1.0916) and Yearly Resistance(1) .
Regarding Elliott Wave theory , it seems that EURUSD has managed to complete the main wave 4 . The structure of the main wave 4 is the Double Three Correction(WXY) .
The main wave 5 is likely to complete near the upper line of the ascending channel(possible) and Monthly Resistance(4) .
I expect EURUSD to rise in the coming hours to the targets I have indicated on the chart, although the Federal Reserve Conference could create long shadows , but I think the supply and demand zones will still work but still pay more attention to money management today .
Note: If EURUSD can break below the Potential Reversal Zone(PRZ) , there is a possibility of further decline in EURUSD.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURUSD BUY/LONGBy utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bullish sentiment prevails.
EUR/USD Bullish Continuation Setup📈 Trend Analysis:
The price is trading within a rising channel, suggesting an overall bullish trend.
The market recently pulled back to a key support level, presenting a potential buy opportunity.
🔍 Key Levels:
Buy Zone: Around 1.08680 - 1.08966, marking strong support.
Target: 1.10140, aligning with the upper trendline resistance.
📌 Trade Plan:
Look for buy entries near the lower boundary of the ascending channel.
Confirmation through bullish candlestick patterns (e.g., engulfing, pin bar) strengthens the setup.
⚠ Risk Management:
Stop loss: Below the 1.08680 support level.
Take profit: Gradually scale out at 1.10140 resistance.
EURUSD Sell and Buy Trading PlanH4 - We had a strong bullish move with the price creating a series of higher highs, higher lows structure
This strong bullish move ended with a bearish Divergence
While measuring this strong bullish move using the Fibonacci retracement tool we have two key support zones that has formed (marked in green)
So based on this I expect potential short term bearish moves now towards the key support zones and then potential continuation higher.
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.-
EURUSD is Ready for a Bullish Move Hello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EUR/USD Bullish Trade Setup – Key Levels & Analysis EUR/USD Analysis (1H Chart)
📍 Entry Point: 1.08981 🟢
📉 Stop Loss: 1.08611 ❌
🎯 Take Profit Levels:
▪️ TP1: 1.09245 ✅
▪️ TP2: 1.09550 ✅
▪️ Final Target: 1.09951 🎯
📊 Market Overview:
🔸 Price broke a trendline before entry. 📈
🔸 Setup favors a bullish move. 🚀
🔸 Risk-to-reward ratio looks favorable. ⚖️
⚠️ Watch for:
🔹 Further retracement risks. 🔄
🔹 Confirmation of bullish momentum before entry. 📊
🔥 Conclusion: If price holds above entry and gains momentum, TP levels could be hit. If it breaks below the stop loss, the setup is invalid. 🚦
EURUSD SHORT Sell until 38.2% fibboEURUSD Sell until 38.2% fibbonacci level on daily timeframe. Moreover the RSI created Bearish divergence on H4 timeframe.
EURUSD TODAYToday's analysis shows most likely EU may continue it's bullish trend. with two POI levels below and Inducements that are located before them.
let's sit and react to price movements.
EUR/USD – Bullish Breakout Setup 🔹 Overview:
EUR/USD remains in an ascending channel and is currently near the support zone. A bullish move is anticipated toward the 1.12150 - 1.12382 resistance zone, aligning with the overall trend.
🔹 Technical Analysis:
✅ Support Zone: Holding at 1.07916, acting as a key demand area.
✅ Ascending Channel: Price structure remains bullish, with higher highs and higher lows.
✅ Target: Resistance around 1.12382 aligns with a possible breakout.
🔹 Trade Idea:
📌 Long Entry: Around the support zone if bullish confirmation appears.
📌 Target: 1.12150 - 1.12382 resistance zone.
📌 Invalidation: Break below 1.07916 could shift momentum bearish.
📊 Sentiment: Bullish bias, waiting for confirmation.
📢 Will EUR/USD hit the target? Let’s discuss! 👇
EUR/USD Analysis: Bullish Breakout Towards 1.09524EUR/USD 30-Minute Analysis – Potential Bullish Breakout Towards 1.09524 📈
Key Observations:
Support Level: Around 1.08700, acting as a critical area for price action.
Resistance Zones: A key resistance area is visible around 1.09000 before reaching the target of 1.09524.
Moving Averages:
The 30 EMA (red) at 1.08747 is currently near price action, indicating short-term dynamic support.
The 200 EMA (blue) at 1.08601 suggests a broader trend still in transition.
Trendlines & Structure:
A downward trendline has been broken, and price is now retesting previous resistance-turned-support.
The expectation is a bounce from the support area leading to a potential bullish move.
Potential Trade Setup:
Bullish Scenario: If price holds above the 1.08700 support, a push toward 1.09524 could be expected.
Bearish Scenario: A failure to hold the support may indicate a return to the 1.08600 region.
Would you like further confirmation indicators or a risk-reward assessment?
EUR/USD Trade Ideas (March 17-22, 2025)Keeping in mind this is a busy economic data week. The Euro still looks positioned to keep the momentum of Germany's stimulus packages.
Federal Reserve Meeting: The U.S. Federal Reserve is expected to announce its interest rate. Investors will monitor the Fed's quarterly economic forecasts and Chair Jerome Powell's comments for clues about the path of monetary policy going forward, even if no change is anticipated.
Both the BOE and the BOJ central banks are expected to announce their interest rate decisions. While the BoJ's decision is still up in the air, given recent economic statistics, the BoE is expected to stick to its present policy position.
Bullish Trade Idea.
Thesis: The euro will strengthen against the U.S. dollar, targeting 1.1000 due to improved European fiscal policies and a less hawkish Federal Reserve.
Entry: Buy at range 1.0875 - 1.0890 (current support zone)
Take Profit (TP): Range 1.0990 - 1.1000 (psychological and technical resistance)
Stop Loss (SL): 1.0830 (below key support).
Risk-Reward Ratio: 1:2.5
My rationale: Germany’s fiscal expansion and increased EU spending will boost economic optimism for the euro. he Fed is expected to hold rates steady, and if Powell signals no urgency to hike, it could weaken USD demand.
Bearish Trade Idea:
Thesis: The U.S. dollar will regain strength if the Federal Reserve adopts a less dovish tone, sending EUR/USD toward 1.0750.
Entry: Sell at range 1.0940 - 1.0960 (near key resistance)
Take Profit (TP): 1.0760 - 1.0750 (strong support)
Stop Loss (SL): 1.1000 (above resistance).
Risk-Reward Ratio: 1:2.2
My rationale: If Powell hints at further rate hikes, it could increase U.S. bond yields, supporting USD. Fed’s economic projections (dot plot) could indicate fewer rate cuts in 2025, increasing USD demand. Ongoing global trade tensions (U.S.-China tariffs) could lead to risk-off sentiment, benefiting the dollar or investors may rotate into USD as a defensive move.
EUR/USD - Bearish Reversal from Resistance
This 4-hour chart of EUR/USD suggests a potential bearish reversal from a key resistance level.
Rising Channel Breakdown: The price recently broke below an ascending channel, signaling weakness.
Resistance Zone: The pair is testing 1.08788, a key level where selling pressure may increase.
Bearish Target: A breakdown from this level could lead the price to 1.03704, aligning with previous support.
Trading Plan:
Sell Entry: Look for rejection at the resistance level.
Stop-Loss: Above 1.09000 to minimize risk.
Take Profit: First target at 1.03704.
Technical Indicators to Watch:
Bearish Candlestick Patterns at resistance.
RSI Divergence indicating overbought conditions.
Break and Retest Confirmation for a stronger short signal.
EUR/USD Continued strength or FOMC Fallout?In this analysis I go over the EUR/USD and it's potential for further gains or a weakening bull and drop.
I expect a volatile week considering it's FOMC on Wednesday and ECB speaking on Friday.
Additionally, I share my outlook on ETF's I'm involved in. Currently in QQQE Put Option and closed my TQQQ Put for 30% gains last week.
As always, Good Luck and Trade Safe.
EURUSDWe are expecting EURUSD to show us some correction before FOMC if they are planning to push Euro up after FOMC.
Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
EUR/USD Analysis: Next Week's Downward - Swing ProspectsDuring this week, the exchange rate once dipped to 1.0820 and then rebounded. Technically speaking, 1.0880 is a key resistance level. If this level cannot be broken through, the downward risk will intensify. In the short term, the euro-dollar pair is under downward pressure and may fall below 1.0820. The options market shows that the ranges of 1.0745 - 1.0755 and 1.0900 - 1.0910 will be the focus next week. Overall, the euro-dollar pair is likely to show a downward trend with fluctuations next week.
I firmly believe realized profit and a high win - rate are the best measures of trading skill. Daily, I share highly precise trading signals. These include clear entry points, stop - loss levels for risk control, and profit - taking targets from in - depth analysis. Follow me for big financial market returns. Click my profile for a trading guide on trends, strategies, and risk management.
EUR/USD "The Fiber" Forex Market Bank Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Robbers, 🤑💰🐱👤🐱🏍
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/USD "The Fiber" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on!
however I advise to Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. I Highly recommended you to put alert in your chart.
Stop Loss 🛑:
Thief SL placed at the recent / nearest low level Using the 4H timeframe (1.04000) swing trade basis.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯:
Primary Target - 1.06700 (or) Escape Before the Target
Secondary Target - 1.08000 (or) Escape Before the Target
🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT Report, Quantitative Analysis, Intermarket Analysis, Sentimental Outlook:
EUR/USD "The Fiber" Forex Market market is currently experiencing a bullish trend,., driven by several key factors.
⭐🌟⭐Fundamental Analysis
Fundamental analysis evaluates the economic indicators of the Eurozone and the United States, which directly influence the EUR/USD pair.
🌟Eurozone Economic Indicators:
GDP growth is reported at 0.5% for Q4 2024, with recent data suggesting an expected increase to 0.8% for Q1 2025, indicating a potential recovery Euro Area Indicators.
Inflation rate is at 3.0% for February 2025, expected to decrease to 2.2% by year-end, reflecting easing price pressures Euro Area Inflation Rate.
Interest rates are at 2.5%, with the European Central Bank (ECB) likely to hold steady, given mixed inflation signals Euro Area Interest Rate.
Trade balance shows a surplus of €10 billion in January 2025, driven by exports, though not sufficient to offset economic challenges Euro Area Balance of Trade.
🌟United States Economic Indicators:
GDP growth is strong at 2.5% for Q4 2024, though recent projections suggest a slowdown to 2.0% for Q1 2025 United States Indicators.
Inflation is stable at 2.0% for February 2025, within target ranges, but recent data shows slight upward pressure United States Inflation Rate.
Interest rates are at 4.5%, with expectations of a 0.25% rate cut in September 2025, reflecting a dovish shift United States Interest Rate.
Trade balance shows a deficit of $50 billion in January 2025, a persistent challenge but manageable with strong economic growth United States Balance of Trade.
The narrowing interest rate differential, with potential Fed rate cuts and stable ECB policy, could support EUR strength, though US economic resilience remains a counterforce.
⭐🌟⭐Macroeconomics
Macroeconomics encompasses broader economic factors influencing the pair:
Global GDP growth is projected at 3.0% for 2025, according to recent forecasts, with mixed regional performances World Economic Outlook.
Commodity prices are stable, with oil at $80 per barrel, impacting EUR due to the Eurozone's energy import reliance Commodity Markets Outlook.
Stock markets show positive performance, with the S&P 500 up 5% YTD and Euro Stoxx 50 up 3% YTD, supporting risk-sensitive currencies like the EUR Global Stock Market Performance.
Bond yields are declining, with the US 10-year yield at 3.5%, down from 4.0% earlier, suggesting lower USD appeal Global Economic Outlook.
⭐🌟⭐Global Market Analysis
Global economic conditions play a significant role in currency movements:
Geopolitical events, such as potential tensions, could boost USD as a safe-haven currency, though no major events are currently noted.
Central bank policies are diverging, with the Fed expected to cut rates and the ECB holding steady, narrowing the interest rate differential Central Bank Policies.
Commodity trends, with stable oil prices, have a muted direct impact, though energy costs affect Eurozone inflation.
Stock market performance, with global indices up, suggests risk-on sentiment, potentially supporting EUR over USD Market Performance Analysis.
⭐🌟⭐COT Data and Positioning
COT data provides insights into large trader positions, with recent reports showing:
For euro futures, large speculators are net short, but recent data indicates a reduction in short positions, suggesting emerging bullish sentiment CFTC COT Report.
Positioning shows that institutional traders are cautiously optimistic, with some covering shorts as the price approaches support levels.
Key Insight: Reducing short positions in euro futures align with potential bullish momentum, supporting an upward move.
⭐🌟⭐Intermarket Analysis
Intermarket relationships influence currency valuation:
EUR/USD is positively correlated with stock markets; with global indices performing well, the EUR could benefit from risk-on sentiment Intermarket Correlations.
Gold, trading at $1900 per ounce, slightly up, suggests a weaker USD, supporting EUR strength Gold Price Trends.
Bond yields, with declining US yields, indicate lower USD appeal, potentially boosting EUR/USD Bond Market Insights.
Key Insight: Positive correlations with stocks and gold suggest EUR could strengthen, while declining US yields support this trend.
⭐🌟⭐Quantitative Analysis
Technical analysis provides insights into price trends:
At 1.05000, EUR/USD is approaching key support at 1.0450, with resistance at 1.0600, based on recent charts EUR/USD Technical Analysis.
Moving averages show the 50-day MA at 1.0550 and the 200-day MA at 1.0700, with the price below both, indicating a downtrend TradingView Analysis.
RSI (Relative Strength Index) is at 45, neutral, suggesting potential for a bounce if support holds Technical Indicators Guide.
Key Insight: The pair is at a crucial support level, with technicals suggesting a possible upward reversal.
⭐🌟⭐Market Sentimental Analysis
Market sentiment reflects trader positioning and expectations:
Recent data shows mixed sentiment, with some traders expecting USD strength to continue, while others see potential for EUR recovery due to improving fundamentals Forex Sentiment EURUSD.
Bank forecasts predict EUR/USD rising to 1.08 by year-end, citing Eurozone recovery and expected Fed rate cuts Currency Forecasts.
Key Insight: Emerging optimism about the euro supports a bullish outlook, though caution remains due to recent USD strength.
⭐🌟⭐Next Trend Move
Combining all factors, the next trend move for EUR/USD is likely upward:
The pair is at a key support level (1.0450), and if it holds, could bounce back to test resistance at 1.0800.
Potential catalysts include better-than-expected Eurozone data and Fed rate cut expectations, supporting EUR strength.
Key Insight: The next move favors an upward continuation, with risks of further downside if support breaks.
⭐🌟⭐Overall Summary Outlook
The EUR/USD pair, at 1.05000 on March 4, 2025, exhibits a cautiously bullish outlook. Key drivers include improving Eurozone fundamentals, with GDP growth expected to rise to 0.8% in Q1 2025 and declining inflation, narrowing the interest rate differential as the Fed is expected to cut rates by 0.25% in September 2025. Technical indicators suggest the pair is at a crucial support level, with potential for a bounce, supported by reducing short positions in euro futures and positive intermarket correlations with stocks and gold. Risks include persistent USD strength if US data remains robust or global risk-off sentiment boosts the USD. However, the prevailing trend points to a potential EUR appreciation in the near term.
⭐🌟⭐Future Prediction
Trend: Bullish
Details: The pair is likely to see an upward move, testing resistance at 1.0800 in the near term, driven by Eurozone recovery and expected Fed rate cuts. Risks include stronger-than-expected US data maintaining USD dominance, but current indicators suggest a reversal is imminent.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
EUR/USD "The Dollar Crusher" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Thieves, 🤑 💰🐱👤
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/USD "The Dollar Crusher" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the breakout (1.04500) then make your move - Bullish profits await!"
however I advise placing Buy Stop Orders above the breakout MA or Place Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Thief SL placed at 1.03500(swing Trade) Using the 2H period, the recent / nearest low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 1.07000 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
EUR/USD "The Dollar Crusher" Forex Market market is currently experiencing a bullish trend,., driven by several key factors.
🔴Fundamental Analysis
- The Eurozone's economic growth is expected to slow down, while the US economy is expected to grow at a moderate pace.
- The European Central Bank (ECB) is expected to keep interest rates steady, while the Federal Reserve is expected to maintain its accommodative monetary policy.
🟤Macro Analysis
- The Eurozone's inflation rate is expected to remain low, while the US inflation rate is expected to remain above the Federal Reserve's target.
- The Eurozone's trade balance is expected to remain in surplus, while the US trade balance is expected to remain in deficit.
🟠Sentimental Analysis
- Institutional investors have a bullish sentiment towards the EUR/USD pair, with 55% of investors being bullish.
- Hedge funds have increased their long positions in the EUR/USD pair, with a net long exposure of 12%.
🟣COT Analysis
- The Commitments of Traders (COT) report shows that commercial traders have increased their long positions in the EUR/USD pair, with a net long exposure of 10%.
- Non-commercial traders have also increased their long positions, with a net long exposure of 15%.
🟡Trader Sentiment
- Retail traders have a bullish sentiment towards the EUR/USD pair, with 52% of traders being bullish.
- Commercial banks have increased their EUR/USD holdings, with a growth rate of 5%.
🔵Bullish and Bearish Data:
- Bullish Sentiment: Institutional investors have a bullish sentiment towards the EUR/USD pair, with 55% being bullish. Hedge funds have increased their long positions, with a net long exposure of 12%
- Bearish Sentiment: Asset managers are trimming their long exposure, and gross shorts are trending higher for large specs and asset managers since Q4
🟢Based on this analysis, the EUR/USD pair is expected to move in a bullish trend, with a 55% chance of an uptrend and a 35% chance of a downtrend. However, please note that market predictions can be unpredictable and influenced by various factors
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
EURUSD Faces Resistance zone – Will Bears Take Over?The EURUSD ( FX:EURUSD ) has reached the Resistance zone($1.0983-$1.0916) as I expected in my previous post . Can the EURUSD break the Resistance zone($1.0983-$1.0916) ?
EURUSD is moving near the Resistance zone($1.0983-$1.0916) , the Resistance line , and Yearly Resistance(1) .
According to the Elliott Wave theory , EURUSD seems to have completed 5 impulse waves and we can expect Corrective Waves .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect the EURUSD to decline to at least the Support zone($1.0817-$1.0760) in the coming hours after breaking the lower line of the ascending channel . One of the EURUSD targets could be as wide as the ascending channel .
Note: If EURUSD breaks the Resistance zone($1.0983-$1.0916), we can expect more pumps.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURUSD Analysis todayHello 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.
