Eurusd is now breakout blue trend line we have best buying opportunity for long term hold long term holders can trade dont miss this opportuinity for traders or investorts stay tuned for more updates
Hello Traders, welcome to today's analysis of EurUsd. -------- Explanation of my video analysis: Starting in 2008 EurUsd has been trading in a descending channel for more than 15 years. At the moment EurUsd is retesting the upper resistance of the channel so a move lower is quite expected. Furthermore EurUsd is also retesting previous support which is after...
For now, we are at a point where price direction will all be determined with the closure above or below. We looking to trade EU this week: Overall Market Direction: Long term bearish structure 1. Potential push above or below current structure to show direction 2. Once we get clean body closures, I will then use Confirmations at these areas for continuations
My analysis on EUR/USD mirrors that of GBP/USD, as it has entered a significant supply zone where I anticipate a bearish reaction. Given the abundance of liquidity and the temporary bullishness of the dollar, this scenario appears plausible. Therefore, I'll be monitoring for a redistribution pattern on Monday before considering initiating sell positions. I...
A move to the downside seems reasonable when it comes to trend following
Pair : EURUSD ( Euro / U.S Dollar ) Description : Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line Break of Structure and completed the Retracement Lower Low - Lower High Rejection from Resistance Level and Fibonacci Level - 38.20%
The US dollar remained steady on Monday, with limited trading activity due to the holiday in major markets in Asia. Investors are awaiting the release of US inflation data, which is expected to play a key role in shaping the Federal Reserve's interest rate decisions. Upcoming US Consumer Price Index (CPI) data for January, scheduled for release on Tuesday, is in...
we are marking structure on 4h tf. eur/usd is making lower lows and lower highs indicating a downtrend and marking resistance on 4h tf. when London opens at 3 am EST 30m and 1h close below resistance. we are taking a short entry there. we have CPI, PMI, retail sales and multiple fed member speaks. monitor economic events closely and manage your position.
We have a 4 Hour Loop in Upward direction, We have a 4H Source Demand and a Fresh 4H Supply formed as Destination Supply giving us the Demand Supply Equilibrium Curve as follows. After reacting to the Source Demand Price has started respecting Demands and violating Supply areas. hence this is a New Position with an Amazing reward to Risk ratio.
My bias on EUR/USD has shifted to bearish following the upward movement of the dollar (DXY). With EU breaking structure to the downside, confirming the bearish trend, I'm now exploring strategies to capitalise on this. Currently, I anticipate a pullback in price to fill the imbalances just below the 20-hour supply zone (A). However, considering the distance from...
Most Asian currencies fell sharply in the past two sessions, as the market began to reassess the possibility of the Fed cutting interest rates soon. Higher interest rates for longer reduce the appeal of risky, high-yield assets and also limit foreign capital flows into regional markets. Powell's comments late Sunday reiterated the Fed's earlier message that the...
EURUSD fell from the Resistance Zone into a two-legged pullback around the Daily 30EMA. There isn't much for bear strength, so are we in a position to long? How do we trade this? 🤔 A long could definitely be justified if we get a strong bull close above the Daily 30EMA. We have a two-legged pullback from the Resistance Zone, several doji and weak bear bars...
We’re coming down to the last hour stretch for the trading day (depending on your location, I’m in New York so closing time is 5:00 P.M. (1700) As indicated in my previous idea for the EUR/USD, it has been a pretty slow decline for the past 10 days however; it is still wedged in, in terms of a still valid falling wedge pattern. If the daily candle closes with a...
We can see that the EURUSD has been under pressure lately. It is currently trading down into a key support zone as shown on the chart. Previous 1D lows are the draw on liquidity. I'm anticipating a retrace and looking for a potential sell opportunity if we see a move into the 50-61.8% Fibonacci level. T1 at previous low and further targets would be a bullish order...
For EURUSD this week, my analysis closely mirrors what I've observed with GBPUSD. I anticipate a similar scenario unfolding, where I expect price to dip slightly further to interact with the refined demand zone on the 2-hour timeframe. Following this interaction, I'll be on the lookout for a bullish response. Alternatively, if price doesn't reach this demand...
The EURUSD is presently within the Daily Demand area, indicating potential buyer dominance. The prevailing uptrend persists until a breach of the 1.07250 Higher Low occurs. Currently residing in the Daily Demand zone, EURUSD suggests a favorable scenario for buyers, maintaining the upward trend unless the crucial Higher Low at 1.07250 is breached. I'd like to...
The US greenback is on course for its maximum giant month-to-month benefit on account that September, with a 2% benefit towards a basket of main currencies as January ended. The boom changed into attributed to marketplace modifications to the tempo and quantity of anticipated hobby fee cuts, stimulated through sturdy US financial facts and competition from...
EUR-USD broke out of The narrowing wedge pattern To the upside and the price Is now going up again So I will be expecting A local move up !