Prices have tested a key support zone at 1.0780 on the D1 timeframe. A throwback to this level, which is in line with the 61.8% Fibonacci retracement, could present an opportunity to ride the bounce to the resistance zone at 1.1150. A break above this level would be an upside confirmation, which could provide the bullish acceleration to the next resistance zone at...
This is a Quarterly chart of the EUR/USD and it's something I'm keeping an eye on. What appears to be a falling wedge and MACD bullish divergence developing. Could we see another Euro 1.2200 again in 2023? Will keep watching the price action going forward on Bullish momentum. The first hurdle will be 1.1100.
Due to the weakness of USD, EURUSD may rise more. Last week we saw much bullish momentum on EURUSD, and it will remain bullish.
Yesterday NFP news was come in the favor of USD, but market react against the news. This is making sense that USD has no power and by this EURUSD seems more bullish.
- On the H4 timeframe, EURUSD came to test the resistance turned support zone at 1.02000, where a breakthrough led its ascent to the next resistance zone at 1.04650. Price retraced back down to the previous demand zone again, where it was aided by upbeat economic data in the EU and a confirmation of rate hike slow downs in the US to ascend back to the 1.04650...
In medium term EURUSD breaks the Resistance zone of 1.1370 to 1.1400 levels. we can expect the this bullish momentum upto 1.0525 level.
The Euro experienced a rapid ascent on 10 November following the Dollar’s nosedive after lower than expected US inflation data was released the same day. Traders temporarily hesitated at the psychological barrier of 1.01800, but gave way to recent Dollar weakness that extended the bullish bias. Once again, price encountered a barrier at the 1.03200 resistance zone...
Nice move up last night as expected so trade is running risk free and trading above that minor resistance I pointed out, Should see price tap into 0.99 where ill be taking some profit!
Trade plan: buy the dip sell the rally. First target is at new highs
On the H1 time frame prices are approaching resistance at 1.0020 where a break and close above this zone could act as support and provide the bullish acceleration to the next resistance zone at 1.0120, which coincides with the 50% Fibonacci retracement. Stochastic is facing bullish pressure from its support as well with more upside in line with prices.
The EURUSD is near it's major support level and there is much chances that it will rise from the define support. Better to look buying opportunity on it.
On the H4 time frame, a pullback to the support zone at 1.0230 presents an opportunity to play the bounce to the resistance target at 1.0380. This resistance target coincides with the 50% Fibonacci retracement and the resistance-turned-support graphical level. Prices are also holding above the ascending channel and 30 EMA supporting the bullish bias.
EURUSD has played out as analysed in the previous post ( Check Related ideas). Nothing has really changed despite the messy price action because everything in the market is DELIBERATE: if you pay close attention you will understand the HOW and the WHY. It is always good prctise to hold until SL or TP and manage it inbetween. Goodluck!
After the big sideway, the price broke up.. retest expected for potential bull
The market made double bottom and now moving upside. Further Dollar Index getting weaker, so by this EURUSD will go more up.
Dollar index seems little bit weak to next week and by this we can assume that EURUSD will rise further we can see that EURUSD ha took support from double bottom which is giving much appreciation for buyers.
its seems the the EUR/USD is gonna go bulish if it hits the key area 1.101 ( that shown in purple ) duo to high volume in that area and also strong support level as you can see, and acording to the Elliot Empolse theory it gonna go up ( impolse wave ) OANDA:EURUSD please do not trade according to my ideas i am just sharing what i think :)
On the H2 time frame, prices are showing bullish order flow, with the break of the recent high where we could see a deeper pullback into the daily leg before prices continue to the downside. A pullback to the support zone at 1.10000, in line with the ascending trend line, 61.8% Fibonacci retracement and 61.8% Fibonacci extension provides an opportunity to play the...