EUR/USD trading opportunities revealed! Two trades to watch this
⚡️ For a potential long trade: Look for a rebound from the support zone between 1.0630-1.0640. The nearest resistance level is at around 1.0700, but the pair could rise further to test the next resistance of 1.0760 if momentum builds up. 📈
💪🏽 For a potential short trade: Keep an eye on the pair around the resistance zone of 1.0700. If it faces strong selling pressure here, it can drop back down to retest the support levels. The next support below is at 1.0620. 📉
"The recent price action in EUR/USD has opened up some intriguing trading possibilities. Let's take a closer look at the key zones on the daily chart to find potential entries..."
"If you see a bounce from the 1.0630-1.0640 area, go long for a move back to resistance at 1.0700. But be prepared to bank profits there, or it could keep rising to 1.0760! 🤑 "
"Alternatively, keep an eye on sells around 1.0700 resistance. A break below could drop the pair straight back down to further support at 1.0620. 💸"
"With solid risk/reward ratios, these trades have the potential to be real winners. But don't forget to manage your risk! 😉 "
Euruusdlong
EURUSD - buy the dipThe day with the opening of ATR is more than half, before the level.
If the opening point of a new candle is at a distance of more than half of the ATR to the level, it is most likely that the price in a state of struggle is “dragged” to a strong level in order to hit and work out limit orders at the level. Such actions will add “energy” in the movement of prices against the trend, a major player.
If it goes my way, I'll buy it.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EUR/USD, Good buy opportunity after trapYou will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
EURUSD ---> Get ready to buy:Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Eurusd:
* Commentary on last week:
The currency pair continued to decline last week, upsetting our plans for the short-term recovery of the single currency and giving us stop-loss. Over the week, the asset passed ≈ 130 points (or 1.03%). Positive statistical data in the USA and negative statistics in the Eurozone added a reason for the participant to sell.
Despite the fact that there were more reasons to sell the euro, but the R-coefficient still decreased, which may hint at the difficulty for sellers to push the price further.
* Technical comment:
An important technical factor is the last trading day (Friday) in terms of the formation of the zone from which the asset can jump.
Given the depth of the fall, the overall oversold of the currency pair on all time frames (H4, H8, D1), as well as Friday's consolidation, how the price will behave on Monday will be a key factor for opening long positions.
This view is supported by the fact that the price consolidated at the weekly pivot S2 (1.0839).
Support and resistance levels for the current week:
Resistances:
Supports:
* Orders and positions:
Our valuation system demonstrates that the euro begins to consolidate, if the asset does not fall in price on Monday, then it will be possible to consider long-term (from a week to a month), long positions.
A potential purchase is as follows:
Buy from the current value near the level of 1.0830-1.0810 with #stoploss 1.0780-1.0760 and #takeprofit: 1.0930 / 1.1000 and possibly 1.1080.
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EURUSD approaching resistance, potential drop! EURUSD is approaching our first resistance at 1.1375 (50%, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.6869 (horizontal overlap support, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.