Eurusdbuy
EURUSD BUYHello, the euro against the dollar, there is a high potential for upside. After the bullish flag is formed. We are waiting to see the level of 1.08500 .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
EurUsd -> Expecting The BreakHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that as we are speaking EurUsd is actually approaching a quite obvious previous weekly structure area exactly at the $1.115 level which is now turned resistance.
However you can also see that weekly market structure and moving averages are still massively bullish, we just broke above a previous weekly swing high which is now turned support, so I am now just waiting for a deeper retest of the next $1.115 resistance before I then do expect a short term rejection towards the downside.
On the daily timeframe you can see that EurUsd is once again retesting daily resistance - the more often we retest the zone the higher the likelihood that we will eventually break it - so I am now just waiting for a clean break and retest of the current resistance before I then do expect more continuation towards the upside to then retest the $1.115 resistance.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
EURUSD 1.10396 - 0.05% LONG IDEA 📈🐮💡HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD.
* Looking at EURUSD HEADING INTO THE LONDON SESSION
* Looking to take Asian session ASIAN sell side liquidity.
* waiting on some market structure shift as price is delivered this morning towards the upside.
- momentum is significantly bearish looking for longs LONDON SESSION.
-looking to take ASIAN liquidity below & unmitigation bullish OB.
- TARGET would be the the BSL & THE DAILY -OB.
lets see how it goes.
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LOVELY TRADING WEEK TO YOU!
EUR/USD rebounds towards 1.1000 as USD retreatsThe EUR/USD currency pair is showing signs of a rebound towards the key psychological level of 1.1000 after a notable decline, which marked its most significant daily loss in a month and a half. The current rally is being aided by a recent pullback in the US Dollar, triggered by a general improvement in the market's risk sentiment, and anticipations regarding the US Durable Goods data release. In terms of technical analysis, the EUR has experienced a substantial rebound on the dynamic trendline of its bullish channel. This line has also provided reliable support, thereby bolstering the currency pair's upward trajectory. Our forecast is optimistic, indicating a new long impulse in the near future.
EURUSD BUYHello, according to my analysis of the euusd pair. There is a high possibility of a rise, with the price retesting a very important support area. At the level of 1.09200. And a strong correction on the golden ratio of Fibonacci 61% for this corrective wave..Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Two Possible ScenariosThere are two possible scenarios for EUR/USD at the moment. The first scenario is that the current trend will continue and the price will break out, potentially leading to a rise in the price to a new high, or HH. The second scenario is that the price may drop from the current consolidation area, indicating a potential bearish trend. It is difficult to predict which scenario will play out in the short term, as it will depend on a variety of factors such as global economic conditions, political events, and market sentiment. Traders should monitor market trends and indicators closely to determine the best course of action.
best way to wait for get confirmation after trend breakout, I'll update the chart during the market
EUR/USD Shows Signs of Recovery in European Session.In the European session, the EUR/USD pair has been regaining lost ground and currently trades above the 1.1000 level. Despite mixed results from Germany's ZEW Survey, the pair has benefited from the recent weakening of the US Dollar and US Treasury bond yields. Furthermore, the Euro has been supported by remarks from ECB Wunsch. As we highlighted in our previous analysis, the pair has found support at the 50% Fibonacci level, coinciding with a dynamic trendline, and has subsequently rebounded, reaching our initial take profit level today. We anticipate a continuation of the bullish trend.
EURUSD 22 Apr 23Simple Technical
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
How does EURUSD trade?
On the EURUSD30m chart, it can be seen that the head and shoulder top pattern was formed before the decline, and the M-top (double-top) appeared during the formation of the head. When the support was broken, it ushered in a wave of substantial pullback, completely swallowing the previous gains.
The current main resistance level is the shoulder position of the head and shoulder top pattern (1.098-1.10). If this range cannot be broken through, it is impossible to get out of the new high in the short term.
Support is currently mainly at 1.093-1.088, and if it breaks below, look down at the vicinity of 1.083-1.079.
The above is the trading point of view of EURUSD. If you need a more detailed strategy, please come to me!