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Eurusdtrend

EURUSDIn the 1-hour period, we are witnessing a reaction below the trend line and on the support range of 1.06799, after which the range of 1.07614 is also a support. It is expected that the range of 1.07614 will be touched again and the target of 1.07812 based on pivot points is not far away after the failure of 1.07614. For the target of 1.08246, more risk should be accepted. Determining a correction in the form of an ascent or a change in slope can determine the clarity of the situation ahead
by maryammh
3
EURUSD 2023 Know your year! Act early! Don't be surprised! 2 minutes to read and reveal the the matrix! 2 clear, important periods for EURUSD in the last close to 20 years of trading circled red on the chart. Period 1 - August 2020 - Feb 2022 "False break period" Initially, pandemic caused a rush of investment, landslide USD down as cash was poured into stocks, cryptocurrency, etc.. But peaking around December 2020, due to FED starting to rapidly increasing interest rates, causing cash to be very attractive compared to keeping it invested during all time highs, as well as making loans much more expensive, USD started to gain strength again, BIG TIME, most aggressive policy to increasing interest rates was implemented during the coming months. In the meanwhile, EUR delayed increasing interest until July 2022, which explains the huge amount of USD cash compared to EUR in the circled period and beyond, until bottoming at the bottom of the wedge around late 2022 when ECB started pumping interest. Period 2 - Jan 2023 - Today (Feb 2023) "Fresh yearly breakout period" With the ECB targeting higher interest to 3.0%, 3.25% and 2.50% which is a higher expectation from 2.50%, 2.75% and 2.00% just from December 2022, making EUR more attractive to keep cash and less scarce (more expensive to lone) - While the USD is pretty much maximized as to increasing interest / stimulating the economy as during 2020-2022 FED used pretty much the entire toolbox - Leaving 2023 as the year for EUR with the FED playing all the cards they had. The technical breakout we see up above the falling wedge resistance makes perfect sense with the fundamentals - Making EURUSD a long term strong buy position for the year. This is a must know chart to be confident while trading EURUSD . ----------------------------------------------------------------------------------------------------------------------- Always do your own research and practice caution while trading, especially leveraged products. I would really appreciate comments, questions or any interaction - Thank you! -----------------------------------------------------------------------------------------------------------------
Long
by Exactus
2
EURUSD: Forex Pair 4H TF Market OutlookThe EURUSD shows bearish trend on 4H timeframe, with anticipation of price hitting support at 1.07208/1.06700, potentially leading to reversal and head/shoulder formation at 1.09055. Possibility of minor support hit at 1.07208/1.06701. Market volatility may be affected by Powell's speech and EU Economic Forecasts, hoping for a positive outlook. We would be happy to know what you think about this idea. Please comment, support this idea, and follow me for more updates.
by ClintOnos
8
#EURUSDIn a floor above the range of 137.512 A: We are building a floor in the form of a triangle pattern in the range of 139.543 to 142.344. Now we are exactly on a static resistance area of 142.438. It is expected that by breaking it, we will experience a growth of up to 50% of the triangle pattern up to 143.859 area, which will be exactly on the static resistance area of X. If the X area is broken, we can expect growth up to the next resistance in the area of 144.772 and after that we have the completion of the expected harmonic pattern in the area of 145.716. At each step of the steps, you can decide on the continuation of the process and the amount of correction. But in general, the goal is to complete the pattern in the area of 145.716.
by maryammh
2
EURUSD SELLS ACTIVE (13 year trend)SIMPLICITY IS KEY!! Pretty self explanatory what's happening on EU with simple price action 13 year 'Monthly Bearish Trend Channel' 1."TRENDLINES" (once price approach these on the timeframe drawn, I use for judging if the market will 'continue with the trend' or if candles break trendline then possible 'reversal') WATCH OUT FOR FAKEOUTS cause banks love to take your money so be patient, once previous HL or LH is broke its more confirmation for a reversal 2. "ZONES" (this is my area of interest for entering trades and take profits no matter which timeframe I draw them on because MONEY ALWAYS RETURNS THERE just trending 'zone to zone') in this case my red monthly zones price loves goin to 3. "PRICE PATTERNS" (H&S's, WEDGES, DT's and DB's are the main 3 patterns I look for ONLY when price is on or near a 'Major Trendline or Zone' on 4hr timeframes and up) patterns would be clear to see on lower timeframes like 1hr, 15min etc. So with those 3 confluences we have price near a nice 13 year old 'resistance line' which appears to be creating a clean weekly 'HEAD & SHOULDERS' with 'DOUBLE TOP' as the head and right shoulder giving me SELL vibes 600+ pips IF PRICE goes back up and passes my previous Higher High then also passes my red monthly zone I would setup for buys
Short
by Juju103