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#Euro Uptrend Remains; Bulls Must Break $1.1000Past Performance Euro is bullish from the top-down preview. Presently, bulls are steady when writing, looking at the performance in the daily chart. Unless there is a total reversal of June 15 and 21 gains, the uptrend remains, and the immediate support line is at $1.900. The rejection of lower lows on June 27 invalidated the bearish outlook as price action swings to favor optimistic bulls. #EURUSD Technical Analysis Losses of June 23 were reversed as buyers flowed back, pumping prices. With prices higher, bulls are back in the picture even though prices are choppy and volatile. Aggressive traders may look for entries above $1.0900 and June 23 close. However, better entries may be above $1.1000 or last week's highs. A high-volume close with the same rapidity as the June 23 bar could easily lift Euro toward $1.1100 and April 2023 high in a buy trend continuation formation. Conversely, sharp losses below last week's lows at $1.0840 cancel this bullish preview. What to Expect? Prices are in range and choppy though the expansion is at the back of increasing volumes pointing to participation. Even though the June 23 bar is important for price action, further gains today above $1.1000 will likely draw even more buyers into the picture, lifting prices even higher. Resistance level to watch: $1.1000 Support level to watch: $1.0900 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Euro Slips But Uptrend Remains, Resistance at $1.0900Past Performance Euro is back in red, reading from the performance in the daily chart. Per this candlestick arrangement, traders can look for entries to short on every attempt higher. As it is, the immediate resistance is at June 21 low at around $1.0900. #EURUSD Technical Analysis The path of least resistance, at least in the short term, is southwards. As such, traders can look to ride the emerging trend, aligning with the sellers of June 23. Even so, trading volumes are lower, meaning the June 15 high-volume bull bar anchors the current formation. The immediate target for aggressive traders will be $1.0800, while the resistance is $1.0900. Any drop below $1.0800, reversing gains of June 15, invalidates this preview, ushering in sellers of May who may angle for $1.0500 in a bear trend continuation formation. What to Expect? Technically, buyers are in control from an effort-versus-result perspective considering the light trading volumes of the June 22 and 23 bars. Still, the bearish preview holds if prices are firmly below $1.0900. Any upswing above $1.1100 cancels this projection. Resistance level to watch: $1.0900 Support level to watch: $1.0800 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Upswing Slows Down, Will Prices Hold Above $1.0900?Past Performance The uptrend remains, but there are hints of weakness. Following the drop on June 22, the Euro could register even more losses today. Even so, buyers remain in charge if prices are above $1.0900 and June 21 lows. #EURUSD Technical Analysis After sharp gains in the first half of June, the Euro is bullish. For now, support is at $1.0900, while resistance is at June 22 high. As long as prices are within the bull bar of June 21, every low may offer entries for risk-off traders from an effort-versus-result perspective. This preview stands considering that bulls are dominant and bears didn't rewind gains on June 21. As such, the immediate target remains at $1.1100 in the medium term. Any loss below $1.0900 may slow down optimistic Euro bulls. What to Expect? Candlestick arrangement favors Euro bulls despite the current retracement. In the near term, traders can expect continuation towards $1.1100 as bulls peel losses of May. If not, a drop below $1.0900 will puncture the uptrend momentum. Resistance level to watch: $1.1100 Support level to watch: $1.0900 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Euro Upswing Cools Off, Buyers Target Retest Of April 2023 HighsPast Performance Euro prices are steady when writing and trending inside the June 15 bull bar. Per the EURUSD candlestick arrangement in the daily chart, every attempt lower but above the $1.0850 support line may offer entries for aggressive traders angling for $1.1100. Any upswing above $1.0970 will trigger demand, pumping the Euro even higher. EURUSD Technical Analysis Currently, traders are upbeat, and the candlestick arrangement favors bulls. Provided prices are inside the June 15 bar; Euro buyers have the upper hand from an effort-versus-result perspective. Subsequently, traders can look to load the dips above $1.0850 or, more conservatively, above $1.0970, targeting $1.1100 and aligning with last week's buyers. This preview will be nullified if Euro prices dump below $1.0800, reversing gains of the anchor bar of June 15. What to Expect? Euro prices are relatively weak and possibly correcting the overvaluation of last week. The uptrend remains, and technical candlestick formation supports optimistic bulls. Since the retracement is with lighter volumes, the odds of buyers resuming the uptrend remain high. R esistance level to watch: $1.0970 Support level to watch: $1.0850 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#Euro Contracts, Uptrend Remains But Support at $1.0800Past Performance Based on the daily chart, euro prices are bullish, reading from last week's solid performance, but are now lower. Following the rapid expansion on June 14, the cool-off on June 15 means an element of overvaluation. Subsequently, Euro prices might contract but remain bullish if prices are inside the June 14 bullish engulfing bar. #EURUSD Technical Analysis The uptrend remains, and Euro buyers are in control, anchored by last week's gains. The cool-off of June 15 and 19 will likely continue. Notice that prices on June 20 were above the upper BB in the daily chart. This formation suggests that the uptrend is oversold and the currency, at spot rates, is above equilibrium. Subsequently, the Euro might track lower, likely towards the $1.0850 zone, for a balance to be struck. Any sharp close above $1.0970 nullifies this preview. However, aggressive traders may look to short on lower time frames targeting $1.0850. Losses below $1.0800 nullify this bullish outlook. What to Expect? Buyers are confident, but Euro prices appear overvalued. As such, traders can look for entries to short with targets at June 14 lows. Even so, the uptrend remains, and this immediate forecast will be void if Euro prices surge above $1.0970. Resistance level to watch: $1.0970 Support level to watch: $1.0800 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Euro bulls confident, Traders Targeting $1.1100Past Performance The Euro march is evident, and buyers are in the driving seat, looking at price action in the daily chart. For now, traders can look for entries to load above $1.0800. On the reverse side, if bulls keep up the pace of the past week, the currency may rally to as high as $1.1100, peeling back recent losses in a buy trend continuation formation. #EURUSD Technical Analysis Presently, the path of least resistance is northwards, and the currency is recovering after losses from May. The June 15 bar anchors the current price action. As long as prices are within the bar's range, every low above $1.0800 may offer entries for traders to double down, targeting last week's highs and later $1.11000. This preview holds from a top-down preview and favors swing traders from an effort-versus-volumes perspective. Any dump below $1.0800 will likely swing price action to favor sellers, canceling the current preview. What to Expect? Euro may likely correct in the days ahead before resuming the uptrend towards April highs. This is considering the over-valuation of June 16; the bear bar closed above the upper BB. Therefore, traders should watch participation levels and whether $1.0800 will anchor the leg up in upcoming sessions. Resistance level to watch: $1.1100 Support level to watch: $1.0800 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Euro Rallying, Bulls Targeting April Highs at $1.1100Past Performance The Euro bounce is clear, and the currency is now up 2.95% from June 2023 lows. As it is, every attempt lower but within the June 15 bar is an opportunity to load up, targeting $1.1100 or April 2023 highs. Any dump below $1.0770 will nullify this preview. #EURUSD Technical Analysis The June 15 bar is wide-ranging, with decent volumes pointing to high engagement. Even though the bar confirms the bullish breakout of June 8, which also forced prices above the middle BB—or the 20-day moving average, it may be climactic. Therefore, though the first target is $1.1100, a retracement within the June 15 bar at around $1.0800 may allow aggressive traders to double down, aiming to ride the leg up. For now, the trend continues the March to April bull trend. Any loss below $1.0770 invalidates this preview. What to Expect? Euro may expand further towards $1.1100 in the days ahead. The primary trend is bullish, in sync with gains from March to April. With prices recovering from around $1.0600, the 78.6% Fibonacci retracement level of the March to April 2023 range, the Euro could retest $1.1100. Resistance level to watch: $1.1100 Support level to watch: $1.0800 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
EURUSD is falling with 🗻🗻🗻Triple Top Pattern🗻🗻🗻!!!EURUSD managed to form a 🗻🗻🗻 Triple Top pattern 🗻🗻🗻. EURUSD is currently completing the pullback . I expect EURUSD to drop to the next 🟢 support zone($ 1.076-$ 1.0712) 🟢 after completing the pullback to the 🔴 resistance zone($1.095-$ 1.0915) 🔴 and the neckline. 🔅Euro/U.S.Dollar Analyze ( EURUSD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
15
Better action on the EUR/USD todayOANDA:EURUSD Much better this morning No fancy terms, no fancy commentary, NO fortune telling here from me. I don't pretend to know how the market makers play everyday, no one can, as we are mostly just home gamers sitting home trying to pay our bills. AND NO, no one know how the banks trade, if they knew, why are they posting to us home gamers? I just use some cool tools to help me get some scalps here and there, that is it. Trade well. Now to enjoy my day.
Short
by makerup