We can see a demand zone from where price can move bullish
EURUSD continues to strengthen. The price is in the ascending range. After testing the resistance of the range, a technical pullback to the middle line of the channel is formed On the chart I want to pay attention to the triangle. It is a kind of consolidation, where a break of this or that triangle border will cause a strong impulse. At the same time EURUSD is...
💶💵EUR/USD Next Wave Of Declines. 💶💵Post is a direct continuation of my previous post in which I wrote about the upcoming falls and the possible correction which I think has just ended: 💶💵As I warned we have made an upward correction to the resistance zone where the strong level of 0.618 of the entire downward wave is located. 💶💵💵I believe that the next...
I am personally short the EURUSD at the start of the London session. If you are looking for a Bullish scenario then maybe follow Credit Suisse who say Support is seen at 1.0510 initially, with the low from Friday and 13-day exponential average at 1.0428/1.0397 ideally holding on a closing basis to keep the immediate risk higher. A close lower can see a deeper...
EUR/USD resistance is 1.0558 and 1.0600. Support is 1.0478 and 1.0440.
💶💵EUR/USD Declines but watch out for support zones 💶💵EUR/USD As I wrote previously: 💶💵In my opinion it is on the declines. 💶💵The direction remains unchanged. 💶💵The only thing I want to draw your attention to are the support zones which can be a short term obstacle against declines. 💶💵The resistance zone was determined by the recent peaks 💶💵I have determined...
Potential outcomes for this pair. I'm looking for the sell, these are the price reactions I'm looking for in order to enter the sell (red) or buy (green).
EUR/USD Weekly Volatility Analysis 5-9 Dec 2022 We can see that currently the implied volatility for this week is around 1.64%, down from 1.85% last week according to EVZ data With this in mind, currently from ATR point of view we are located in the 0th percentile, while according to EVZ, we are on 2th percentile. Based on this, we can expect that the current...
💶💵EUR/USD Attention Bull Trap 💶💵Post is a direct follow-up to yesterday's post on EUR/USD 💶💵After a sharp downward reaction we are back around the resistance zone again, which I believe will bounce EUR/USD again towards the target set in the previous post. 💶💵The scenario I'm playing out is a continuation of the declines into the previously set support zone. I...
💶💵EUR/USD Increases won't happen because I say so 💶💵As in the title. 💶💵After Jay Powell's statement yesterday on the gradual tapering of interest rate hikes, and the announcement of another hike of only 50 basis points that I wrote about in the previous post. 💶💵Looking at the euphoria that has emerged in the market over the past few days has driven prices...
EUR/USD resistance is 1.0463 and 1.0501. Support is 1.0391 and 1.0358.
As predicted yesterday the EUR/USD contrary to the bearish impulse supposed from many, the price following the bad economic news release for the USD had a strong bullish impulse reaching again the value 1.0450 and today the value seems ready to grow more after the pullback on 1.0400 area. Today economic news and factors as the Initial Jobless Claims, the Jobless...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE At their previous meeting the ECB hiked by another 75bsp, and with HICP >9% it should keep the bank hiking for now. ECB sources notes the bank is planning to discuss QT at their Dec meeting. On spread fragmentation, the bank didn’t provide any new info or clarity on how the eligibility might impact countries...
EUR/USD resistance is 1.0383 and 1.0418. Support is 1.0325 and 1.0294.
The Euro has great market structure on the Monthly timeframe showing price is rejecting a major resistance area. On the lower timeframe price has created a double top with bearish momentum as the dxy is starting to rise again. Here is the play I will be taking on this pair: Entry = 1.03352 Stop Loss = 1.03978 Take Profit = 0.09500
On the EURUSD, there's s break in the market structure that indicates the bullish move into the monthly POI is over. Bears are about to resume. Long term target is the monthly low below 0.98.
💶💵EUR/USD Clear signal for declines 💶💵Recently I come to you with the most important forex pair i.e. EUR/USD 💶💵You can see that what I wrote in previous posts about possible declines today came true. 💶💵We started with the price going up around the recent peaks then we scored a solid slide below the opening. 💶💵Looking at the shape of the candle, it is not...
EUR/USD resistance is 1.0488 and 1.0527. Support is 1.0422 and 1.0386.