Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it at once made a correction to support line and then continued to grow. In a short time, price rose to resistance line of channel, but at once bounced down, making a fake breakout of $1.1120 level. EUR exited from...
EUR/USD Holds Steady Above 1.1120 Ahead of Crucial Fed Rate Decision As the first London session kicks off this morning, EUR/USD is maintaining its position above the 1.1120 level, with market participants eagerly awaiting today's Federal Funds Rate decision by the U.S. Federal Reserve. The decision is set to dominate market sentiment, with investors and traders...
EUR/USD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.1075 Why we like it: There is an overlap support that lines up with the 50% Fibonacci retracement. Stop loss: 1.1025 Why we like it: There is a pullback support level which aligns...
ICMARKETS:EURAUD We are looking to enter towards the double bottom range and from there we will aim for the Strong High range, SL is kept at a certain price point to let the trade breathe, let's hope for the best.
CHFEUR will get its push from the expected fall in the AMEX:USD this week. The EUR holders will seek some safety here and this will tie in with an established pattern observed since May where the CHF against the EUR has been following a clear ascending channel as in the 2hr chart. Expectations are a confirmed bullish breakout at about 1.0687 as a start of a more...
CHFEUR will get its push from the expected fall in the AMEX:USD this week. The EUR holders will seek some safety here and this will tie in with an established pattern observed since May where the CHF against the EUR has been following a clear ascending channel as in the 2hr chart. Expectations are a confirmed bullish breakout at about 1.0687 as a start of a more...
EURUSD advanced to the 1.1140 level after breaching the descending channel’s upper bound as the dollar’s weakness intensified. EMA21 is widening the gap after golden-crossing EMA78, indicating an apparent bullish signal. If EURUSD holds above EMA21, the price could gain upward momentum toward the 1.1200 resistance. Conversely, if EURUSD fails to keep the...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP was trading in an uptrend and currently is attempting to break it out. If we get decent dips below the support we will be watching a potential retrace of the trend towards more downsides!
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11200 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11200 support and resistance area. Trade safe, Joe.
The Fiber (EUR/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support level which is also an overlap support. Pivot: 1.1150 1st Support: 1.1071 1st Resistance: 1.1201 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
The EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...
EURNZD - 24h expiry Short term bias has turned positive. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. We look to buy dips. 50 4hour EMA is at 1.7932. Our outlook is bullish. The sequence for trading is higher highs and lows. We look to Buy at 1.7940 (stop at 1.7880) Our profit targets will be 1.8090...
EUR/USD Technical Analysis: Current Outlook: EUR/USD is currently consolidating around the pivot level of 1.1000, with a potential bullish scenario on the horizon, especially with today’s anticipated inflation data, which is expected to show a weakening USD with a CPI result of around 2.5%. This could drive EUR/USD higher in the near term. Best Scenario : A...
The EURUSD pair rebounded on Friday on its 4H MA50 (blue trend-line) and today the price is testing the top (Lower Highs trend-line) of the 3-week Channel Down pattern. This presents an strong sell opportunity on an excellent Risk/Reward ratio and the upside is limited to the top but the downside having much room to drop to the bottom of the Channel. The previous...
EUR/USD Kicks Off the Week on a Positive Note Ahead of Crucial Fed Decision The EUR/USD pair began the week with positive momentum, hovering around the 1.1000 mark ahead of the London session on Monday. Investors are keeping a close eye on the upcoming US Federal Reserve (Fed) policy decision, which is expected to have a significant impact on the market later...
EUR/NOK is falling towards the pivot which has been acts as an overlap support and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 11.74385 1st Support: 11.65492 1st Resistance: 11.88554 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
Starting this week as always with EUR/USD, we saw a drop as we predicted last week, clearing liquidity and taking out the last major low. However, we haven’t hit our area of demand, meaning this area is still in play, as shown on our chart. A new area of demand has formed, and there is liquidity below the low from which this new zone has emerged. Based on the...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price entered to wedge, where it at once bounced from resistance line and fell to support line. Then price bounced up from this line and rose higher than $1.0900 level, after which reached resistance line of wedge. Next, EUR corrected, after...