EURO-bull channel gets testedHello everyone
As I said earlier today, because of the news from federal reserve, USD is in a down trend,there fore every pair with this currency is in a good uptrend.
For EURUSD, We have a bull trend line with a good amount of buy volume on 1.05$, so it's safe to say we have a good amount of support on this level.the resistance level of 1.06$ may have some effects in the next 2-3 bars in 4 hours but as we have an OIO pattern(outside ,inside ,outside), the bull trend is more likely to resume.
Eurousd
BUY EURUSDJust an idea and trade at your own risk.
EURUSD reached last week the lower downtrend channel on the daily and weekly timeframes.
EURUSD at end of today might have three daily consecutive bullish candlesticks closing (nearly white soldiers candlestick pattern) and rebounding from the recent strong demand zone at current week low around 1.0348 (also weekly and daily lower channel) which may confirm a reversal and correction up with possible next target next to area 1.09-1.10.
EURUSD forecastIf you haven`t seen my last idea:
Then you should know that as long as the war continues and the sanctions to Russia, we will see a weaker Euro and a stronger Dollar.
EUR/USD is the most actively traded currency pair in the world.
The European Union rely on Russia for almost 38% of their imported natural gas .
Germany gets about 50% of its natural gas and coal from Russia, and a third of its oil .
German economy was by far the largest in Europe!
Next target for EURUSD is 1.035
Looking forward to read your opinion about it.
EURUSD forecast EUR/USD is the most actively traded currency pair in the world.
The European Union rely on Russia for almost 38% of their imported natural gas.
Germany gets about 50% of its natural gas and coal from Russia, and a third of its oil.
German economy was by far the largest in Europe!
My price target for the EURUSD pair is 1.073 and even 1.051 if the energy crisis intensifies.
EURUSD - LT ViewEURUSD - LT View
At key trendline area, we broke that on ECB, Dovish - Was a fantastic move there was probably a lot of stops below 1.08 area! Well, it will be interesting how we close this month do we carry on trend is your friend or have a short term pull back & let's not forget next FED's...Excellent moves available.
Trust your trade plan!
TJ
BUY EURUSDjust an idea and trade at your own risk.
EURUSD reached a strong demand zone around 1.5-1.6 area and the lower down channel line on the daily and weekly timeframes.
It is very important for the month to close near the 1.09-1.10 area for the next bullish movements, if it fails next is below parity and into the 0.89 area.
EURUSD forecast If you haven`t seen some of the previews charts with targets reached:
or
EUR/USD is the most actively traded currency pair in the world.
The European Union rely on Russia for almost 38% of their imported natural gas .
Germany gets about 50% of its natural gas and coal from Russia, and a third of its oil .
German economy was by far the largest in Europe!
My price target for the EURUSD pair is 1.073 and even 1.051 if the energy crisis intensifies.
SHORT EURUSD (WEEKLY TIMEFRAME)Just an idea and trade at your own risk.
EURUSD is still bearish and in its downtrend channel on the daily and weekly timeframes.
The next targets are around the next demand zones first at 1.07 and then 1.05.
EURUSD is heading to the lower downtrend channels (intersection of white and red downtrend lines) at the stronger demand zone at 1.05.
SHORT EURUSDJust an idea and trade at your own risk.
EURUSD is still bearish and in its downtrend channel on the daily and weekly timeframes.
The next targets are around the next demand zones first at 1.07 and then 1.05.
EURUSD is heading to the lower downtrend channels (intersection of white and red downtrend lines) at the stronger demand zone at 1.05.
SHORT EURUSDJust an idea and trade at your own risk.
EURUSD remains bearish on all timeframes.
EURUSD rejected twice the previous demand and current supply zone around 1.1150 (which now stands now as a resistance area for change in trend).
EURUSD is almost breaking out of its bearish flag, to reach out to the next demand zone and the lower downtrend channel at 1.05-1.06.