Starting this week with EU, as we always do. As you can see, we are pretty much at the centre of our current range, leading us to believe we are building liquidity on both sides. Currently, we have swept out the high from last week during a news push. After this sweep, we dropped lower than our previous low, establishing a bearish range and putting the price in a...
Price have been touched FVG zone and now is in down trend progress
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.84500 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.11400 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11400 support and resistance area. Trade safe, Joe.
After yesterday's pullback, the EUR/USD pair has formed a rejection candle on the daily chart after touching the 1.1112 mark. The pair's gains against the USD were quickly reversed, as surprisingly strong US ISM Services Purchasing Managers Index (PMI) data for August offered significant support to the US Dollar (USD). The US Dollar Index (DXY), which measures the...
The euro has edged lower on Friday. EUR/USD is trading at 1.1088 in the North American session at the time of writing, down 0.20%. Today’s US nonfarm payrolls wasn’t a disaster but certainly nothing to smile about. The economy created 142 thousand new jobs in August, better than the July gain of 114 thousand but short of the market estimate of 160 thousand. The...
The EURCHF pair gave us a great buy-low-sell-high double trading opportunity last time we gave a call on it (June 28, see chart below) as not only did it initially rise to the 1.236 Fibonacci extension, but straight after it dropped to the 0.618, reaching our 0.95500 Target: The sell-off was in fact that aggressive that it reached as low as the bottom of the...
Futures markets are pricing in a US rate cut for September, with a 62% chance of a 25-basis point cut and a 38% chance of 50-basis points. The Fed’s dovish shift has helped the euro surge to its highest level in more than a year. Attention now shifts to the ECB’s 12 September rate decision. After cutting rates in June and pausing in July, analysts expect the ECB...
The EURJPY pair has been trading within a long-term Channel Up since the March 07 2022 bottom. The start of July saw it experience a strong correction, technically the latest Bearish Leg of the pattern that broke below the 1W MA50 (blue trend-line) for the first time since the week of March 20 2023 and hit the 1W MA100 (green trend-line) for the first time since...
#EURUSD Euro is crossing and breaking a ceiling in the area of 1.126 in its daily and weekly lower time. which is moving after the inner inner node is formed and the valid inner inner RS is removed. The first price level is 1.120.
With the latest update of my view on the market The euro is making its third phase to climb, and the liquidity hunt and meeting the MPL of the second phase and confirming the classic pattern in the monthly time frame of this scenario are strengthening. The first level, the price of 1.126 is certain for me. But what corrections we have to climb towards the end of...
EUR/JPY is falling towards the support level which is a pullback support that is slightly below the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 157.70 Why we like it: There is a pullback support level that is slightly below the 61.8% Fibonacci retracement. Stop loss: 155.94 Why we like it: There is a pullback support...
EUR/AUD is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 1.65785 Why we like it: There is a pullback resistance level. Stop loss: 1.67101 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 1.63589 Why we like...
EUR/GBP is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8455 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.8491 Why we like it: There is a pullback resistance...
The Fiber (EUR/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support which acts as an overlap support. Pivot: 1.1109 1st Support: 1.1035 1st Resistance: 1.1149 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...
The EUR/USD pair rebounded following the release of the weaker-than-expected US JOLTS Job Openings data, prompting questions about whether this is a potential opportunity to enter short positions. After an initial rebound from the Supply area, the EUR/USD pair recovered some ground on Wednesday, likely driven by the US labor data. However, this recovery could...
Based on our private profitable trading indicator... there has been a sell signal which means that EURUSD Is ready to reverse and drop all the way to the next major support level.