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EURUSD - SMALL CORRECTION BEFORE THE ROCKET?A closer look at the Euro chart reveals a favorable structure. On a broader scale, the trajectory looks bullish - however, a noticeable accumulation of liquidity is occurring lower after the reversal of the global downward movement. In addition, there was an unfilled zone for the month of FVG. At the local level, after the breakdown, an imbalance zone - FVG - appeared, which increases the chances of a downward movement. Moreover, after the FVG imbalance was filled, a strong reaction began and “OB” was formed, this gives us an understanding of the reaction and confirmation of the idea.
Short
by truepersonal
How Did You Handle The News.. EURUSD UpdateSo we just had CPI data come out with a 7.1% Showing... Market heavily affected with USD further weakening. For many this gave the way for EXITS on any former light longs and an idea of where we can look to short... But the main point is this provides opportunity to Trade News Events the right way... By not guessing. Use the market RE action. Not the market action. Trade safe Trade small and watch on and learn..
Editors' picks
by WillSebastian
36
EUR - Where to next?EUR - Where to next? $ OANDA:EURUSD FX:EURUSD On the docket today is US Unemployment Claims - Which should shift the markets to either direction and at end of the week PMIs EUR: Currently within range Highs: 1.09992 Lows: 1.09095 A break of the highs I expect EUR to re-test the previous highs of 1.10555. However, if we are to break this trendline up and the range lows we are in, then I expect us to test the next support of 1.08510. Have a great day ahead, Trade Journal
by Trade_Journal
⭕️The best buying and selling areas for the EUR/AUD 🧐💣🔰You can see the analysis of the Euro-Australian dollar currency pair in the 4-hour timeframe (EURAUD_ 4H) 🔍💣 💥The price is currently in the resistance area of the down trend line🖤❗️ If the price can break the Down trend line🖤 and Resistance🧡 and stabilize❗️ above it, it can experience the upward SUPPLY zone🔺🚀 But if the price can break the up trend line🖤 and stabilize❗️ below it, it can fall to the Support🧡 🧐 which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉______________
by TRADER_STREET
2
EURUSD approaching support, potential bounce!EURUSD is approaching our first support at 1.1286 (horizontal swing low support, 100% Fibonacci extension 78.6 % Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1421 (50% Fibonacci retracement , horizontal overlap resistance). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk.
Long
by Klimex
1
LONG EURCHF approaching support, potential bounce!EURCHF is approaching our first support at 1.1245 (horizontal swing low support, 100% Fibonacci extension , 61.8% Fibonacci retracement ) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1309 (61.8% Fibonacci retracement , horizontal swing high resistance). Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk.
Long
by Klimex