EUR/GBP has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance. Pivot: 0.84350 1st Support: 0.84130 1st Resistance: 0.84752 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. Trading Forex and CFDs may not be...
As forecasted in our previous analysis, the EUR/USD pair is continuing its upward trajectory. This growth is in line with our expectations, but we are approaching key levels where the pair may encounter resistance. One of the primary resistance areas we have identified is around the 1.0860 level. This supply area has been drawn based on historical price actions...
The EURNOK pair has made contact today with the 1D MA50 (blue trend-line) as a Resistance for the first time since May 16. This is the start of the new Bullish Leg of the 1-year Triangle pattern. All bottoms (green arcs) have been formed when the 1D RSI broke below the 30.00 oversold barrier, so this is technically a medium-term buy opportunity. The previous...
The euro held steady at $1.0825 on Monday, recovering from a dip to $1.0815 as traders absorbed the surprising French election results, which saw a leftist alliance lead both the centrists and the right in the number of sets gained. Key drivers for the EURUSD's next moves include Biden's potential resignation, upcoming bank earnings, Powell's testimony in...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price started to decline inside falling channel, where it fell to $1.0685 level and at once bounced up. Then price reached resistance line, after which made correction and then made upward impulse. Price exited from channel, formed first gap, and...
The EURUSD pair closed last week above the 1W MA50 (blue trend-line) for the first time since May 27 and this week is already using it as a Support to sustain further uptrend. Technically this could be the 2nd phase of the Bullish Leg of the (blue) Channel Up that started on the week of June 24. On the long-term, the pair has been trading within a fierce Triangle...
EUR/CHF is has just bounced off the support level which is an overlap support and could potentially rise to our take profit. Entry: 0.96731 Why we like it: There is an overlap support level. Stop loss: 0.96282 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Take profit: 0.97406 Why we like it: There is an...
France is on the brink of a hung parliament, with the left-wing coalition capturing the most seats in a stunning upset over Marine Le Pen’s National Rally. Obviously, the forex markets are closed on the weekend. So will be interesting to see the reaction to these shock election results in France on the EUR/USD and EUR/GBP when the market opens. Regardless of...
Daily timeframe - We received a reaction from the raid of the fractal low on June 26th, after which the price changed its context to bullish. I've marked the higher targets for you on the chart.
Hey Traders, in today's trading session we are monitoring EURUSD for a buying opportunity around 1.07900 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.07900 support and resistance area. Trade safe, Joe.
Euro eyes French vote after pound's rally The British pound surged above $1.276 on Thursday, reaching its highest level in three weeks, as voters across the United Kingdon headed to the polls for parliamentary elections. The Labour Party, currently leading in the polls, appears poised to unseat Prime Minister Rishi Sunak's Conservative Party. Some projections...
As anticipated in our previous forecast, EUR/USD has continued its bullish momentum, climbing above the 1.0800 level. Analyzing the chart, you can observe the areas where we have marked the closest supply zone, which we expect the price to reach before any potential decline. Disappointing macroeconomic data releases from the US triggered a selloff of the US...
The EURCAD pair eventually formed the new Lower High on the 17-month Channel Down as presented on our last analysis (May 27, see chart below) and got rejected: The rejection extended to as low as the 1D MA200 (orange trend-line) and a short-term rebound has brought the price back to a 1D MA50 (blue trend-line) rejection. Both previous Bearish Legs declined...
Price is rising towards a resistance level which is an overlap resistane that aligns with the 127.2% Fibonacci extension and could potentially reverse from this level to our take profit. Entry: 1.0797 Why we like it: There is an overlap resistance level which aligns with the 127.2% Fibonacci extension. Stop loss: 1.0840 Why we like it: There is an overlap...
EUR/CHF is rising towards a resistance level which is an overlap resistance that aligns with the 127.2% Fibonacci retracement and could potentially reverse to the our take profit. Entry: 0.97348 Why we like it: There is an overlap resistance level which aligns with the 127.2% Fibonacci retracement. Stop loss: 0.97755 Why we like it: There is an overlap...
EURGBP - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a top. Intraday signals are bearish. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8485. We look to Sell at 0.8485 (stop at 0.8500) Our profit targets will be 0.8445 and...
The EUR/USD pair is trading in positive territory, slightly above 1.0750, following modest gains on Tuesday. While the technical indicators suggest a buildup of bullish momentum, the pair may face resistance in clearing the 1.0790-1.0800 range unless supported by significant fundamental factors. As Wednesday's session began, risk appetite dominated the markets,...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price started to grow inside the upward channel, where it at once rebounded from the resistance line to the 1.0670 support level, after which it bounced and continued to grow. In a short time, the price rose to the 1.0800 resistance level, which coincided with...