EURUSD is bearish on the daily, weekly and monthly timeframes. EURUSD failed once again to break above the resistance (supply zone) area 1.09-1.10. On the weekly timeframe, a retest of the double top neckline was established at the resistance area and a reach of the upper channel of the downtrend and a possible formation of a triple top (H&S) at smaller scale,...
- Technical Analysis Rating: Moderately Buy The EURUSD has been in a bullish trend since the beginning of June. The price has broken above the 1.08234 resistance level and is now consolidating above it. The RSI indicator is in the overbought territory, but it has not yet crossed the 70 level. This suggests that the bulls are still in control, but there may be...
Hi folks today I'm prepared for you Euro analytics. A few days ago price trades below the support zone, but on 3rd movement down it bounced and made a strong upward impulse to the resistance level, which coincide with the resistance zone, thereby breaking past the level with the support zone. But soon, Euro started to decline and a few time later, it bounced down...
Hi Traders, A possibility to look for buys when Price is the fib zone. Look for confirmation in the lower timeframes. I have set alerts on the bearish Trendline and at entry price of the zone. I will be targeting price to rally up to $1.09705. Trade safe and always practice good risk management. Let's wait and see. Have a good weekend! Follow me and hit the...
OANDA:EURUSD EUR/USD dumping since late NYSE Thursday, continued into the night through Asian and London sessions. Took a pause during todays NYSE session. The week is over for this King of the Hill currency pair. Trade well, trade smart
EURUSd is making moves to the downside to rebalance and this could play out for the day and days ahead. An M formation will be marked as a source of liquidity for the upside thereafter on the daily chart, but its worth noting that we are in a broken-down market and there is a bearish bias medium term.
The current technical analysis of the EUR-USD currency trading pair reveals an increasing trend that has been shaping from last few hours. However, there is also an indication of bearish divergence, suggesting that the bullish momentum may be losing steam. Looking at the charts, we can see that the price of EUR-USD has been steadily rising forming higher highs...
price looks to break the trendline with a fairly dominant bearish candle. there are two areas to be a pullback reference before price continues the bearish trend. when I provide fibo retracement, the SnD area intersects with fibo 0.618 & 0.236, is this a coincidence?
as you can see in chart there is a qm setup in eurusd. yo can enter on qml with a good room to run for price and a good risk/reward
Well, as I expected, according to the latest price analysis, it managed to break the specified support and with a 200 pips correction, it was able to fall to the $1910 level! If the price can maintain the support of $1909, I will give the possibility of a corrective move up! Considering that the PMI statistics will be announced today, this trend can be...
EUR/USD has taken a tumble on Friday. In the European session, the euro is trading at 1.0885, down 0.64%. The euro fell as low as 1.0844 earlier in the day. Later today, the US releases ISM Services PMI. The consensus stands at 54.0 for June, following 54.9 in May. The services sector is in solid shape and the ISM Services PMI has posted four straight readings...
Well, as you can see, based on yesterday's analysis, the price managed to drop more than 230 pips and traded up to the $1930 range, now the price has reached a Demand zone again, But the probability of its break and moving towards lower targets is high, but we do not prejudge because the price is still within the demand range, if the price succeeds in growing...
I would personally be looking for buys at my 1.09 and 1.093 key price zones. 1.09 looks better to me as a double bottom would be the preferred situation and it is a large psychological level too. Since the beginning of June, Dollar has been remaining soft and has been pushing down from 104.5 to 102. I'm looking to temporarily continue the dollar bearish sentiment...
Now, as analyzed before, the price has now broken and retested the support level, it's time to place a sell order in the m15 timeframe and take profit at those levels drawn on the chart above. Don't forget to set a STOP LOSS, PLEASE.
Awaiting 1.081 sell-side liquidity to be swept. I anticipate bullish momentum from there with targets of Asian/London highs. This will partially fulfil fair value gaps in the process. DXY is currently losing bullish momentum. This is not financial advice. Do your own due diligence!
Hey Traders, in the coming week we are monitoring EURUSD for a selling opportunity around 1.09300 zone, EURUSD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 1.093 resistance zone. Trade safe, Joe.
After experiencing a downward slide on Thursday, EUR/USD is facing renewed bearish pressure early on Friday as it broke below the 1.0900 level. However, if buyers can successfully defend the support at 1.0870, there is a possibility of a bullish reversal towards the key Fibonacci levels of 50% and 61.8%. Traders may consider placing a stop loss at the 88.6%...
Preferred direction: BUY Comment: The buyer of the pound has also so far abandoned plans to go higher and at the moment it is the level of 1.26989 that is holding back from further falling. Most likely, the instrument may still dive lower, but it is unlikely that it will be below 1.26525. After that, you can confidently consider BUY. Thank you for like and...