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Eurusdanalysis

DeGRAM | EURUSD false break of major support levelEURUSD bounced off the major support level and made a false break, which means this level is important for market participants. Price tested the level where price made a rejection and gained bullish momentum, making higher high and higher close. The market is likely to create a heads and shoulders. We anticipate a bullish move from the support. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
4
DeGRAM | EURUSD bears are still in controlEURUSD is still in a bearish trend on the 4H chart. The market made a lower low and then a higher high, which means a consolidation. On the weekly chart, we have a doji bar. If price action makes a false break at the high or low of the bar, it will create a new trend. If the resistance holds, the market may continue moving sideways. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
5
EURUSD 28May2023still in accordance with last week's analysis, prices will continue to fall in the SnD area. there is a possibility that the price will continue to fall closer to wave 2 as an invalid area. the invalid area here serves as a barrier to analysis, that the main trend analysis is bullish, while the current bearish trend is a correction of the bullish trend. when the price is in the SnD area you can wait for an opportunity to go long, but if the price continues to fall, then it's better to wait back near the invalid area to go long.
by Hokusai_FX