EUR/USD: ascending triangle patternHello guys.
How it's going today?
EUR vs USD created ascending triangle pattern in H1 timeframe. But we need compare it with the bigger timeframes also. In H4, EURUSD wanna break trendline and want to go downside. In Daily timeframe, it show us strong level between 1.0636 and 1.0776.
Now, what will think for further analysis? Let's research now.
Strong pattern is ascending triangle. It supports by breaking trend line in H4 also. This situation is a simple reminder for jumping up. But we should remember that EURUSD is high volatile pair and any fundamental or technical news can affect it positively or negatively.
In my opinion:
EURUSD will break trendline in H4, follow strong barrier in Daily timeframe. We can put:
SELL LIMIT at 1.0733
TARGET 1.0405
STOP LOSS 1.0805
or
SELL STOP at 1.0560
TARGET 1.0405
STOP LOSS 1.0743
These are only forecast. Do not forget to use SL in own trading. Trading without stop loss and bigger lots can cause heavy losses.
Good luck!
Eurusdanalysis
DeGRAM | EURUSD range breakoutEURUSD is trading in an ascending channel . It has reached a psychological level of 1.06000.
The market is making shallow higher highs with divergence, indicating a sideways move.
Price has been consolidating at the support level .
We might see some bullish moves within the global bullish trend .
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DeGRAM | EURUSD level breaking EURUSD is consolidating near the support level and preparing to break the level.
The markets created a massive false break, meaning that bulls were pushed back.
Price is coiling up before breaking out of support.
We expect a sharp bearish move.
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EurUsd- Are bulls done?Since the end of September, EurUsd has had quite a run, with the price rising more than 1000 pips from the bottom to the top.
However, as I said multiple times these past weeks, this is just a correction, and with the price reaching the important 1.07-1.08 resistance, swing traders should look to sell and build USD long position.
Last week's high was reversed quickly leaving a strong bearish engulfing on our daily chart and this can very well mark the top.
Also, yesterday and Friday, bulls couldn't recover and looks pretty clear that rallies are sold.
The first target for a drop is 1.03 and, as long as 1.0750 is intact, rallies should be sold.
DeGRAM | EURUSD consolidation continuesEURUSD is consolidating following a massive bearish move.
When the markets make a significant move, the price tends to consolidate.
Price broke out of the ascending channel. Price is indicating a possible H&S pattern.
We expect a consolidation until the price shows a new trend.
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EURUSD, Will it fall? See the factsDaily Time: As you can see in the chart, it has reacted negatively to the long-term downtrend line and sellers have become active. A strong negative divergence has also formed.
It seems that in the short term, it will have a good correction and will touch the specified targets.
Important : The market needs a short-term correction (at least 50%) to attract big buyers again. At the same time as the DXY gains strength, an attractive short-term correction will occur in other assets, especially gold and bitcoin , and the opportunity to buy will be activated again.
EURUSD| Short Term Buys. EU has finally repriced to go lower for the whole of December but we're getting a lshodt term retracement on EU before finally selling off.
We can also as week see the opposite happening on Dollar index ..
Confluences:
We've just currently swept liquidity below an old low las week leading to the low we have today during Asian session, and price has impulsively displaced higher with a fvg creating a bullish open float and a bullish institutional swing point, showing that the smart money are ready to go bullish.
Expectations:
We are likely to see price trade into the discount of the bullish price swing created today and buy off of the bullish order block highlighted.
Conclusion :
if price trades into the discount of the bullish price swing, I'll be capitalizing on a short term long position to the relative Equal highs above where we have buy stops and the stops of those who previously had short positions in the market .
StefanFX ....
EURUSD analyseAccording to the meetings of the American and European central banks last week, both of which were hawkish, the market was confused in this currency pair, but overall, the euro fell.
But the opinion of most analysts is that the Federal Reserve was much more hawkish than it intended, while the economic data shows the opposite. Therefore, according to the European economic data and comparing it with the American economic data, it can be said that we should still expect the rise of the euro against the dollar in the early months of 2023.
If the euro does not rise from the area where the price is currently located, we will wait for it to enter the specified range so that we can take a position. Because both the region has a good demand and it is near a good support line which has a flip mode and the price has reacted to it several times.
Capital management method:
In 1-to-1 RR, we are risk-free and withdraw 50% of the profit.
When it reaches RR one to two, we move the stop loss to the TP of the first point and below the pivot, and in the same way, we move with the price in different RRs.
EURUSD - CURRENT SENTIMENT ANALYSE , DXY #EURUSD
- As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK.
But with RETAIL SALES, ISM MANUFACTURING DATA, and FED UPDATES, this situation may change in the future. Therefore, if the FED continues to be HAWKISH, the USD can definitely go UP. So keep an eye on FED UPDATES and US DATA.
- Definitely, according to the market structure, EURUSD can go down to the support level of 1.0500 below. At the moment, there is quite a DOWN SIDE BIAS in the MARKET for EUR. After that, EURUSD can go up to 1.0900 LEVEL. If the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP, there will be more EURUSD BUY. So keep an eye on it. eurusd
DeGRAM | EURUSD in consolidationEURUSD is consolidating following a massive bearish move.
When the markets make a significant move, the price tends to consolidate.
Contraction leads to expansion, and expansion leads to contraction. Price is likely to drop and test the support level by breaking the trendline.
We expect a consolidation until the price shows a new trend.
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