EurUSD weekly analysis 27 April 2024Weekly: Based on the weekly then price has taken the W-FVG-& closed bellow, now we can anticipate that the price will go for W-SSL, level 1.06011, in the upcoming week.
Weekly bias: Bearish.
H4: We have confirmed the H4 Breaker with H4-FVG- so in the upcoming week if we have, another STH above & bellow the H4-FVG & breaker then, we are definitely going low.
H4 Bias: Bearish.
In m15 TF we need another MSS, bellow the H4-FVG-
Eususd
⁉️ EURUSD - Market Analysis Hello traders!
⁉️This is my analysis on EURUSD .
Here we are in a bearish market structure, so I am looking only for shorts. I have 2 points of interest, first one if the price fill the imbalance and rejects from bearish orderblock + institutional figure 1.05000 and the second one if the price fill the imbalance above and rejects from bearish orderblock around price level 1.05700.
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POSSIBLE SELLS FOR EURUSDOn the 4 HRS structure we can clearly see the ascending channel that generally indicates the market it at a bullish trend.
at the current bearish push. Its visible that it has passed through a previous support level. Creating small wicks. our interest to short the market will play along when we see the price move back to these areas , where previous stop losses are horded by the retail traders to concur the presence of so as to create enough liquidity from the zone for a final push.
FUNDAMENTALLY
The euro has been weighed down by worries about economic damage from war in Ukraine and was parked at $1.1047, not too far from last month's almost two-year trough of $1.0806.
Germany said on Sunday that the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian forces of war crimes.
There seems to be momentum for at least discussing an embargo on energy imports, which would likely come with price pain since Russia supplies some 40% of Europe's gas needs.
EURUSD Short to Long opportunityThis pair has not reached the levels anticipated int eh last week. I has broken the trend line and as before, it seems that it will be hitting the upward trajectory which is marked below. I am in agreement with Siyakula fund who shares the same insights into this pair.
I will be watching and waiting in anticipation for the move to be confirmed. if so, we will ride the wave.
Good Luck
TriforeX
Short BullWill touch the 50 EMA which is acting as Resistance Level.
EMA or Descending trend line will hold the Bulls!
Strong Resistance level around 1.1358.
Possibly a Pinbar candle has formed. This Support Line has been respected previously 15/08/2018.
US has imposed 10% tariff on China's $200 Billions import item.
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