Choppy buyersSeveral days ago I expect it will strong to going up but price action tells different story. Maybe will continue downtrend?
Eruusdsell
EURUSD Short BiasHey traders, here is the analysis for the EURUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
EURUSD POSSIBE BEARISH AGAIN EURUSD Possible Bearish thers Week Again..
Reason for EURUSD SELL
1. Still in consilidation from past few days and Also Making LOWER LOW patter
2. eurusd clearly in SELL trend as it was weekly candle closed below the Weekly candle
3. EURUSD will retest the last week high and make a Fall again
EURUSD BUY AND SELL SETUP 4HREURUSD 4HR :
Currently EURUSD in Sideways and Choppy.....There are two possible Trades...
If the Market Crosses Weekly Resistance Zone..Then Wait for Retest and GO LONG.
If the Market Fails to cross..then it will move downwards towards Daily Support Zone..
Once it crosses Support Zone Wait for Retest and then Go SHORT...
Fundamental and Analysis: Euro/U.S. DollarWe're updated this par.
Yesterday, we entry in short position at $1.1670 USD and at the moment, we have 30 pips in profit.
Looking in H1 timeframe, there's an indecision of the market and the price show up a many doji of market indecision, that could be to take in noticed that the bearish trend have the possibility to make a resversal. But if any sign turn bullish of candlestick, we could see a possible reversal of the trend again until the $1.1746 USD as possible long take profit.
But as we see in H1 timeframe, the RSI make lower higher and price action make higher lower, the RSI indicate a possible end of the sell and soon the possible bought to make a reversal of the trend and consequence in Daily hopes a pull back in the $1.1746 USD
But looking in Daily we could see a possible pull back soon!!!
So, I didn'nt change until we see a possible confirmation of bulls, but I'm still in bear until the $1.1546 when touch my take profit. Because if we see the H3 timeframe, the trend is bearish, and I didn't idea that the trend go up, if you know, the trend is our friend and is bearish!!!
Fundamental Keys:
1. Euro to U.S. Dollar Exchange Rate falls as Eurozone Economic Activity Stalls
2. The Eurozone's PMI fall in September from 51.9 to 50.1
3. Investor are becoming more concerned for the economy as covid-19 infection rates continue to climb throught Europe.
4. Euro hits nearly of two-month lows on signs covid wave hurting recovery
5. The European Central Bank set to hand banks move ultra=cheap cash to boost lending
6. Dollar shines as virus, economy woes hit risk assets.
7. The Dollar extended gains against most currencies today as signs of economy recovery slowdown in Europe, while America renewed concern about a second wave of coronavirus infection. In that point, is interesting to read, becuase United States is alert in case of second wave of coronavirus infection, and that cause a possible sell-continue of U.S. Dollar in cases that the bad news is soon
