Preferred direction: BUY Comment: Over the past week, buyers have significantly pushed the price up and fixed it at the highs, preventing the instrument from rolling back lower. Most likely, the movement against the dollar would continue for many instruments, and especially for EURUSD. Active trades will definitely resume only on Tuesday, it is on this day...
Previous week was a significant one for both USD and EUR, considering that inflation data were posted, as well as, both central banks held their meeting. Inflation data for the US was better from market estimates by 0.1%. Posted figures showed that the inflation rate in May dropped to the level of 4% y/y, from 4.9% posted in April. Core inflation dropped to the...
Fed's Comments Weigh on Market Sentiment, S&P 500 and Nasdaq Finish with Declines | Daily Market Analysis Major Events: -USA - Juneteenth Celebrations Commence -Eurozone - ECB's Lane and Schnabel Deliver Speeches -Eurozone - ECB's Schnabel Speaks On Friday, the S&P 500 experienced a decline in its closing value, primarily influenced by market heavyweights...
Early on Monday, the EUR/USD pair is experiencing relatively stable fluctuations, remaining above 1.0900 following a significant surge last week. Since there are no major data releases expected to impact the pair's performance, the only potential catalyst would be comments from officials of the European Central Bank (ECB). However, trading activity in the second...
Hello Tradingview people, from today I would like to start a new column about "the signal of the day" thanks to the use of the indicators that I have built based on my experience. I have tried to make everything as simple as possible to allow even those starting from scratch to be able to replicate my operations, albeit mainly discretionary. Since I started...
Hello Traders, We have a constant downtrend on the EU for the past few weeks. This has informed our bias for a sell with a confirmation of change of character on the daily timeframe. Now going in depth we have spotted different supply zones where price is most likely to find liquidity and gain momentum to the downside. That being said its important you use go...
2023.6.19 Daily European Perspective On the third day of the weakest range of USD daily line, US crude oil bulls are weak! Hello, I'm Older Duan. Today is Monday, June 19 2023. Now it's 16pm Beijing time. Let me give you a quick comment on the technical forms of the current international mainstream varieties! First, what we see is the daily graph of the...
EURUSD could fall towards an overlap support. Price could hit the buy entry at 1.09091 and potentially reverse to bounce higher. Take profit is at 1.10008 which is a resistance that sits above the 78.6% Fibonacci retracement level. Stop loss is at 1.08471 which is an overlap support that sits under the 38.2% Fibonacci retracement level. Please be advised that the...
In early European trading, the EUR/USD pair is experiencing a defensive stance below the 1.0950 level this Monday. The pair is being weighed down by a rebound in the US Dollar and growing risk aversion in the market. Investors are carefully analyzing US-Sino headlines and grappling with concerns over Chinese economic growth. Additionally, market participants are...
The EUR/USD pair is facing challenges within the key resistance zone of 1.0940-1.0950 as market participants eagerly await mid-tier data from both the European Union and the United States. Early on Friday morning in Europe, the pair is trading in a relatively subdued manner around the mid-1.0900s. Despite the previous day's significant surge, which marked its...
This week I am looking to continue with the bullish bias that was confirmed at the end of last week, with buys above the current highs at 1.096 or waiting for pullbacks to take buys at 1.087. EUR/USD is showing an increased probability that we could at least trend back into the higher timeframe range highs at 1.1062 as long as the dollar still remains softer and...
EURUSD could fall towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target. Entry: 1.09118 Why we like it: There is an overlap support Stop Loss: 1.08472 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement level Take Profit: 1.10054 Why we like it: There is...
DXY hit my bottom target on Thursday and on Friday I was looking for a further dip and recovery in DXY (which correspond to a spike and rejection for EURUSD) (). Indeed we see that price rallied on data then faltered, but it missed my level by 5 pips or so before dropping 50pips perfectly to the PZ which capped the lows. On daily, a doji candle was formed for...
My dear subscribers , EUR/USD looks like it will make a good move, and here are the details: The instrument tests an important psychological level 1.09442 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.08766 Safe Stop Loss -...
Going forward, I'm expecting a bit of choppy price action with a bearish sentiment on $EURUSD. We'll start seeing that energetic dump towards the end of this week and for most of next week towards 1.07331 and 1.06313.
EURUSD - Classic bearish setup - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell EURUSD Entry - 1.09346 Stop - 1.09784 Take - 1.08690 Our Risk - 1% Start protection of your profits from higher levels. ❤️ Please, support our work with like & comment! ❤️
According to me EURUSD will starts its downtrend entry point is shown in the chart
Hello traders ,what do you think about EURUSD? In the past days, after falling and reaching the support zone, it has entered the corrective phase and is completing the pullback to the specified zone. We expect it to fall to the specified level after the completion the pullback If this post was useful to you, do not forget to like and comment.❤️