The euro has started the week with strong gains. EUR/USD is trading at 1.0756 in the European session, up 0.41% on the day at the time of writing. The euro is at its highest level since June 14. France went to the polls on Sunday, with voter turnout at a four-decade high. The vote was a stinging rebuke for French President Emmanuel Macron, whose Ensemble alliance...
Right now we are in a good zone to enter the market with buy orders. All the important news data yesterday in the american session were worse than expected, but despite this, the price continued to decline to the 1.07000 level. Our target is the return to the 1.07500 zone, and if the price remains strong, 1.07750. Guys, what do you think? Leave a comment with...
EUR/USD No direction Last week, the EUR/USD pair showed little movement in either direction, remaining relatively flat. This period of stagnation is reflective of several underlying factors affecting the currency market. Let’s delve into the key elements influencing the EUR/USD pair at this juncture. Technical Analysis From a technical perspective, the EUR/USD...
Hey Traders, EURUSD was moving in a range for almost two weeks, and now it is preparing to continue its bearish move towards the 1.060 and 1.053 levels. We can see how the daily 50 EMA is reacting to the price. This EMA is reacting as a support/resistance to the price. Any entry from now requires a stoploss above the daily EMA, targeting recent lows and the 1.060...
Hey traders, GBPUSD is setting up for a nice reversal around our sell zone. SHORT Setup: - Watch for the rejection on sell zone. - Stoploss: Above Invalidation Level - Targets: 1.2881 ( 80 pips ) and 1.25567 ( 110 pips ) You can choose to hold a small position for the long term as we are expecting GBPUSD to break the 1.25 level Good Luck and trade safe!
As you can see, with the price entering and stabilizing below the $2309 level, gold faced increased selling pressure and finally, after two weeks, returned to the $2200 channel. Currently, gold is in a significant demand zone, suggesting a possible upward move. However, we might see further corrections afterward. So, first LONG, then SHORT! I hope this analysis,...
1h- long context, first target are equal highs formed on friday (building liquidity for new week). After full filling FVG bellow road is opened for new targets
I see a huge gap up after the market opening on EURUSD. As always, it is a high chance that the gap will be filled. After a strong bullish continuation, I see a sign of strength of the sellers - a double top formation on an hourly time frame. The price may drop soon. Goals: 1.0728 / 1.0715 ❤️Please, support my work with like, thank you!❤️
Based on the current situation we have the possibility of a break-out of the support area. In the event, the short view for the coming months and the possibility of testing 1.03/1.04 will be confirmed. What do you thinks?
EURUSD is moving in the Support zone($1.070-$1.062) and near the Support line . Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . According to the theory of Elliott waves , EURUSD seems to have completed its 5 downward waves and we should expect upward corrective waves . I expect EURUSD to trend higher in the coming...
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial...
The favorite Fed's inflation gauge was the indicator closely watched during the previous week. As per published data on Friday, PCE Price Index in May was standing at 2.6% on a yearly basis, in line with market forecast. Core PCE was also standing at 2.6% in may on a yearly basis. Durable Goods Orders were increased by 0.1% in May, while the market was expecting...
As forecasted, the EUR/USD pair rebounded within its sideways range on Friday, wrapping up a week of flat trading. Traders found little reason to push the pair meaningfully in either direction. The week saw German import prices and labor figures broadly missing expectations, while the US Personal Consumption Expenditure (PCE) Price Index inflation printed at...
The EUR/USD pair failed to sustain Monday's gains, closing in negative territory on Tuesday. Currently, the pair is struggling to regain traction, trading around 1.0690 in the European session on Wednesday. The price appears to be rebounding from a demand area near the 78.6% Fibonacci retracement level of the previous swing lower. Additionally, a divergence on the...
1st July DXY: Tested 105.40 level, retracing (needs to stay below 105.70 to remain bearish). Look for retracement to complete, price break 105.40 could trade down to 105.15 support level NZDUSD: Buy 0.6110 SL 20 TP 50 AUDUSD: Could trade higher, but wait, look for reaction at 0.67 resistance USDJPY: Buy 161.20 SL 30 TP 80 GBPUSD: Wide range of 100 pips...
Highly important fundamentals yesterday for EUR as the first round of elections in France ended with a significant win of the far-right wing party. Even though that's not economic news, the election results of the 2nd biggest E.U. economy, certainly have the weight to affect the largest forex pair in the world. Mainstream economists have historically shown their...
Today we are monitoring EURUSD for a sell opportunity, One entry is at market price 1.07700 and will increase more if price gets to 1.08070 level. Stops are above 1.08440 and tp1 is 1.07355, tp2 is 1.07000 tp 3 is the equal lows at 1.06672
We are monitoring EURUSD for a long term potential buy. Price has formed a strong support on 1.066 zone. We are expecting a strong bullish move to retest the level 1.0800 level. Stops are below 1.066 level. 1st Target is 1.07277, 2nd Target is 1.07500 and final Target is 1.0800. Use proper risk management.